Senior Risk and Compliance Analyst
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Job Location:
Monthly Salary:
Posted on:
6 hours ago
Vacancies:
1 Vacancy
Job Summary
The Senior Compliance and Enterprise Risk Analyst serves as the back-up to the Chief Anti-Money Laundering Officer (CAMLO) and supports all aspects of the risk and compliance functions for the Credit Union assisting with the preparation and management of compliance reports systems and controls. Focused on Anti-Money Laundering (AML) and fraud prevention this role involves reviewing reports monitoring member and business relationship transactions and staying updated on regulatory and industry requirements. The Senior Risk and Compliance Analyst plays a key role in investigating and resolving fraud alerts ensuring compliance with AML laws and supporting the Credit Unions broader risk management strategy. As a secondary accountability the Senior Risk and Compliance Analyst supports the Director Risk and Compliance in advancing the Credit Unions Enterprise Risk Management (ERM) initiative.
Work management responsibilities
- Supports the team by prioritizing work packages for the Compliance Analysts ensuring that key items are addressed in a timely manner.
- Helps to build skills within the team for more complex work items.
Compliance
- Support the Director Risk and Compliance with compliance-related inquiries from staff.
- Recommend process improvements and solutions to prevent recurring compliance issues.
- Fulfilling data requirements for periodic reviews by FSRA FINTRAC and internal or external auditors.
- Review and ensure the timely submission of Large Cash Transaction and Electronic Fund Transfer Reports to FINTRAC.
- Review the Unusual Transaction Reports submitted by branches and recommend filing Suspicious Transaction Reports (STRs) when necessary.
- Respond promptly to all requests for information from the AML provider.
- Provide learning to the team and branch staff on themes and trends that are coming from the data to support first time right.
- Monitor changes in regulatory requirements and recommend updates.
- Ensure AML monitoring solutions are configured to appropriately risk-rate members/business relationships and monitor their activities.
- Routinely review alerts and investigate transactions collecting necessary information from branches as required.
- Oversee data entry of LCTR/EFTR and STR information as well as missing STR data.
Enterprise Risk Management (ERM)
- Works with risk owners across organization to update risk conditions and ERM model inputs.
- Assists with the production of quarterly ERM reporting for Audit & Risk Committee of the Board including liaison with external consultants.
- Reviews all fraud losses determines if an insurance claim should be made and if applicable co-ordinates the submission of the claim with the insurance provider.
- Assists with the oversight of all insurance policies to ensure sufficient protection of property and all other assets as necessary.
- Perform other assigned responsibilities.
Qualifications :
- Post-secondary education in Finance or a related field
- 2 - 4 years of experience working with FINTRAC compliance
- Knowledge of financial accounting is an asset
- Financial services experience is required
- Demonstrated strong interpersonal skills including approachability trustworthiness flexibility and a strong work ethic
- Ability to work effectively in a team environment with strong communication time management and problem-solving skills
- High attention to detail and accuracy
- Proven ability to manage and maintain confidentiality of sensitive information
- Proficient in the use of technology to enhance productivity
- Committed to continuous personal improvement and ongoing learning
Additional Information :
Salary Range: $59681 - $74601
Target Salary: $63410
Salary will be determined based on skills experience education and other qualifications relevant to this position
To learn more visit we welcome all applications only those who are selected for an interview will be contacted.
Accessibility accommodations will be made for job candidates upon request.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- ISO 27001
- Operational Risk Management
- Risk Management
- FedRAMP
- PCI
- Risk Analysis
- Visio
- COBIT
- NIST Standards
- SOX
- Information Security
- ISO 27002
About Company
Be a part of something differentWe may offer the same products and services as a big bank, but we couldn’t be more different. We’re rooted in purpose and we’re on a mission to improve lives and strengthen communities. We support nearly 20,000 members and businesses digitally, over th ... View more
