Sr. Compliance Analyst, Anti-Money Laundering Anti-Terrorist Financing (AMLATF)

Position Title: Sr. Compliance Analyst, Anti-Money Laundering Anti-Terrorist Financing (AMLATF)
Reports To: Director, Compliance
Department: Compliance
Term: Permanent Full-Time

Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

The Opportunity: Equitable is growing! We are looking for a Sr. Compliance Analyst, Anti-Money Laundering Anti-Terrorist Financing (AMLATF) to join our Compliance team!

The Sr. Compliance Analyst, Anti-Money Laundering Anti-Terrorist Financing (AMLATF) will administer the Compliance department’s AML/ATF program in support of all business units. Key responsibilities include enhancing and executing processes and controls in the program to ensure the Company effectively meets regulatory requirements and managing related internal and external reporting. 

Now is an exciting time to join one of the Waterloo Area’s and Southwestern Ontario’s Top Employers for 2024!

What you will be doing:

• Research and assess business practices; analyze regulatory obligations/expectations to proactively identify opportunities for Compliance to implement new or improve existing AMLATF compliance programs and monitoring tools.
• Develop, document and maintain procedures for the AML/ATF program, including trending and analysis, exception reporting, investigative processes, and applicable internal, external, and regulatory reporting.
• Advise on configuration and design of AML/ATF digital tools and software for identifying and monitoring AML/ATF risks. Lead, develop, and participate in user acceptance testing, validating that the technology or solution meets needs, and play the key role in ensuring successful project implementation for any projects requiring Compliance input.
• Implement measures to detect and deter money laundering and terrorist financing including transaction monitoring programs, and case-by-case guidance.
• Develop, monitor, and investigate due diligence monitoring reports, high risk clients, and suspicious transaction reports.
• Review, triage and report escalated potential suspicious activity on a timely basis
• Provide compliance support to business units for compliance with legislation and external industry association guidelines using a risk-based approach
• Review and advise on product, new development and technology risk and coordinate risk assessments as required to assist business areas in effectively managing AML/ATF risks
• Develop and conduct training on AML/ATF matters, including specialized training as required for business units and Compliance
• Participate in special assignments and projects involving compliance and complex initiatives that present AML/ATF risk
• Handle extremely sensitive materials with the strictest confidentiality and privacy. 

 What you will bring:

• 5+ years of experience with AML/ATF in the financial services industry (preferably in compliance, audit or risk management, and within life insurance and investment products)
• Knowledge of Canadian AML/ATF legislation, FINTRAC and regulatory requirements affecting compliance in the life insurance industry
• Experience using and maintaining AML/ATF systems and/or analyzing, designing and monitoring controls
• Well-developed research, analytical, problem solving and decision-making skills 
• Highly developed written and oral communication skills, including presentation skills.  Ability to communicate with all levels of the organization, strong analytical, organizational, negotiation and problem-solving skills.
• Experience using spreadsheet and database software (e.g. Excel, PowerBI, AML/ATF sanctions/screening tools)
• AML(CAMS), FLMI, and/or compliance designations/courses beneficial.
• Experience managing an AML program and bilingual (French) capabilities would be assets.

What’s in it for you:

• A healthy work-life balance with employee wellness top of mind
• Annual bonus program, annual vacation allowance, and company-paid benefits program
• An additional paid volunteer day each year so you can spend time giving back to the community
• Immediate enrollment in the company’s pension program with employer matching
• Employee resource groups that support an inclusive work environment
• Tuition support and specialized program assistance
• An onsite, full-service cafeteria with a variety of daily options
• Discounts on company products and services, and access to exclusive employee perks
• Regular EQ Together events focused on company togetherness and collaboration
  
  

As part of the recruitment/offer process you will be required to:

• Provide two professional references (minimum one supervisor and above)