Team Lead, AML Monitoring & Reporting (LCC) en Credit Union Enterprise
Credit Union Enterprise · Langley, Canadá · Onsite
- Professional
- Oficina en Langley
We are currently seeking a Team Lead, AML Monitoring & Testing to join our team.
The Team Lead, AML Monitoring & Reporting is responsible for the development, implementation and maintenance of the AML/ATF operations regime for First West and is the subject matter expert for AML/TF regulations and standards. This position leads a team responsible for monitoring and reporting activities, collaborating with regulatory compliance and business units, and ensuring the effectiveness of AML operations.
Here’s what would be included as a part of your typical day
- Compliance: Acts as the first point of contact for AML/TF compliance related inquires and requests. Proactively identifies risks, actual and potential gaps in regulatory requirements and provides direction and support regarding internal policies and procedures or other AML risk. Conducts research to make recommendations on moderately complex decisions falling within AML/TF policies and escalates as needed. Leads initiatives for managing Verafin software for First West to ensure compliance to effectively assess AML/TF risk. Ensures accuracy and effectiveness of AML systems and drives periodic enhancements as needed.
- Leadership: Provides leadership to the AML Monitoring and Reporting team: including training, coaching, employee engagement, and performance management; oversees workloads, prioritizes and allocates work within the team. Supports a culture of compliance and process improvement by maintaining performance and service level standards. Identifies unacceptable AML/ATF risk and proactively manages/escalates these situations.
- Policies and Procedures: Develops and implements internal procedures and forms based on research, knowledge, expertise and alignment with the AML/ATF Policy. Assists the AML operations manager in developing individual processes to control gaps to minimize AML risk in all areas of business, including reviewing documents, legislative interpretation, and procedure support.
- Reporting: Ensures reporting requirements are completed within the regulatory guidelines for large cash transaction reporting, Electronic Funds transfers reporting, terrorism reporting and economic sanctions compliance.
- Audit: Co-ordinates and manages the requirements, field work and action item responses for AML effectiveness reviews (internal audits) and regulatory examinations (FINTRAC). Assists with the Quality Assurance/Quality Control/self-assessments and System Tests for the AML operations function.
- Stakeholder Relations: Provides subject matter expertise regarding AML/TF risks, suspicious activity and regulatory requirements to support to all levels of staff and management within the organization’s compliance regime to minimize risk. Develops relationships and liaises with internal lines of business and external connections to build knowledge and expertise. Provides advice and support to key stakeholders in the development of department business plans and priorities as it pertains to AML/ATF.
- Analytics: Provides analytics and reporting to generate accurate and insightful perspective and rule effectiveness, detection rates, false positive rates and volume. Supports the ongoing and periodic evolution of existing and new AML operation tools and solutions to address changing business needs and emerging trends. Reports and logs all defects and non-conformances in a timely and accurate manner. Performs other analytical, data gathering, statistics related activities.
Required Skills, Experience & Qualifications
- Bachelor’s degree in a related discipline required; ACAMS/ICA/CIA certification required
- 5 years’ experience in the financial industry; including 3 years’ experience in money laundering compliance and leadership role required
- Working knowledge with PCMLTFA and FINTRAC Regulations
- Comprehensive understanding of related laws and statutes
- Experience with developing and implementing procedures and conducting investigations
- Demonstrated effective communication skills with the ability to communicate both verbally and in writing with a wide variety of people.
- Proven analytical and problem-solving skills
- Effective interpersonal skills and a demonstrated ability to develop and maintain good working relationships with internal and external stakeholders and regulatory bodies
- Ability to effectively manage large volumes of work, including a number of simultaneous projects, in a fast-paced work environment
- Experience with AML software e.g. Verafin/Navaera
- Proficient with computer software programs, i.e. MS Office
- Advance Excel-Power Pivots, Dashboards, Data Visualizations
- Basic Power BI
- Displays an understanding of risk and risk ownership by being able to demonstrate adherence to policies and procedures.
Company
What’s in it for you:
First, we strive to make our team members feel genuinely rewarded. You’ll have:
- Mental health coverage and resources
- Customizable health benefits, as well as topped-up parental leave
- Performance-based compensation, employee banking advantages and group RRSP matching
- Vacation time and flexible work arrangements to support your lifestyle
We are committed to providing a fair, equitable, and competitive rewards package that reflects the value an individual brings to our organization. The compensation mentioned in this job posting should serve as a guide. The total cash compensation earned may vary based on a variety of factors including bonuses and/or incentives, an individual’s skills and experience, and may correlate with performance in the role.
We also provide and encourage opportunities for our employees to make a meaningful impact. After all, as a credit union we’re powered by giving back—in big ways and through small gestures. That's why we offer employees paid time off to volunteer, partner with thousands of local charities, build long-lasting relationships that help our members get ahead and commit to environmental, social and governance (ESG) practices.
By joining our team, you’ll be able to elevate your potential. Wherever your own purpose leads, we’re here to support you with award-winning in-house training programs, access to LinkedIn Learning, and reimbursement for external courses to help you get ahead.
Take the next step in your career as part of our team. Apply for this opportunity!
Candidates, please note: if you are being considered for this role, you will be required to complete a background check, such as employment verification, credit check and criminal record check.
Diversity, Equity, Inclusion & Belonging
At First West Credit Union, we embrace diversity regardless of gender identity or expression, sexual orientation, religion, race, ethnicity, age, diverse ability, and any aspect that makes someone unique. Inclusion is woven through our organization, from our employee-led network groups, hiring practices and education programs that address barriers and continually grow our equitable, diverse and inclusive culture.
We encourage people who are from equity-deserving groups to apply for a career with us, including women or non-binary people, persons with diverse abilities, Black, Indigenous Peoples, People of Colour and members of 2SLGBTQIA+ communities.
If an accommodation would help you during the process of applying or interviewing for a career with us, please let us know how we can assist you, whether it’s preparing materials in an alternate format, booking an accessible meeting room or other arrangement.
Your individuality is welcome here.
About Us
We’re a financial cooperative that does things differently. We provide time-tested advice that helps our members feel optimistic about their future, and we offer comprehensive banking solutions that enable people to confidently reach their goals. With the financial strength and extended branch network of a large financial institution, we maintain local connections to our communities and take a unique grassroots approach to service. Our more than 250,000 members and approximately 1,250 employees operate from 45 branches throughout the province of BC, under the Envision Financial, Valley First, Island Savings and Enderby & District Financial brands. Visit firstwestcu.ca for more information on First West Credit Union.
Please know we appreciate your interest in us but only candidates selected for an interview will be contacted.
