Senior AML/ATF Officer - 16 Month Contract
Toronto, CA
6d ago

Purpose of the Job

The successful candidate will be an AML / ATF professional who is seeking to advance their career through experience and a focus on self-driven personal development.

The candidate will seek and recognize the ample opportunities to learn and develop as an AML / ATF professional. The candidate will thrive in a fast-paced environment, where they will be continuously challenged with new experiences and a demanding caseload.

The candidate will build trust and rapport with business partners.

Primary Functions

  • Investigate and assess the risk of incidents identified by the credit union's money laundering detection programs, including automated transaction and ongoing monitoring systems, unusual activity reports, media articles, and production orders.
  • Make appropriate file / no file decisions and prepare and submit suspicious transaction reports to FINTRAC as necessary.

    Devise enhanced risk management strategies for each incident as appropriate.

  • Maintain proper records and audit trails of all investigative activities and dispositions for review by Quality Control and Management.
  • Conduct ongoing monitoring of high-risk relationships, including PEPs and others as identified through the credit union’s risk assessment systems and other processes.
  • Engage line-of-business stakeholders to remediate know your client’ and other compliance deficiencies.
  • Secondary Functions

  • Manage and triage the AML Team’s intake channels.
  • Prepare and submit large cash transaction and electronic funds transfer reports.
  • Conduct list-screening activities including PEP, sanctions, and negative media.
  • Develop and maintain operational playbooks for all processes executed by the AML Operations Team.
  • Maintain a focus and provide continuous feedback relative to process improvements.
  • Knowledge, Experience and Skills


  • Strong understanding of ML / TF typologies and risk factors, including a demonstrated appetite to keep up-to-date with emerging trends and risks is required.
  • Strong understanding of financial products and services, operational policies, procedures, delivery systems, and risk management methodologies is required.
  • Proficiency with MS Office suite (Word, Excel, PowerPoint) is required.
  • Proficiency with SQL or other database management and reporting software is an asset.
  • Experience working with an AML transaction monitoring / case management system / software is an asset.
  • Working-level understanding and / or awareness of FINTRAC’s Guidelines, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations, OSFI’s Guideline B-8, the Criminal Code of Canada, and the perrsonal Information Protection and Electronic Documents Act are an asset
  • Experience :

  • 2+ years of experience working in financial crime-related investigations.
  • Education :
  • CAMS, CFE, CFCS or other relevant designations are an asset.
  • Relevant Post-Secondary education or equivalent experience is an asset.
  • Problem Solving Skills :

  • Ability to multitask and judge multiple priorities in a fast-paced environment.
  • Ability to apply knowledge and experience to find novel solutions to unique challenges.
  • Ability to demonstrate well-reasoned judgment and critical thinking skills in unfamiliar situations.
  • Ability to coach business partners through AML / ATF-related challenges and influence outcomes.
  • Communication Skills :

  • Complete fluency in spoken and written English.
  • Requires tact and diplomacy to respond to inquiries from our internal partners, external partners (regulators and other government agencies, law enforcement, etc.
  • internal auditors, and Members.

  • The ability to clearly articulate observations / recommendations in an organized and understandable format, tailored for the target audience.
  • The ability to prepare, write, and submit prescribed reports to FINTRAC.
  • The ability to prepare concise reports including detailed recommendations, for distribution within the team.
  • Experience the Difference!

    Thank you for your interest in Meridian Credit Union. Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

    Meridian is committed to providing accommodations for people with disabilities. Should you require an accommodation, we will partner with you to meet your needs.

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