Intermediate AML Business Analyst - Analyst investigates and monitors financial transactions to detect and prevent money laundering, terrorist financing 5

Position Title: CAN - AML Business Analyst

6 months

Work Location:

- Remote, Onsite, or Hybrid: days onsite; increasing to 4 days in February

- Anchor Days (if applicable): Tuesdays

Address: T- 79 Wellington Street West, Toronto, Ontario

STORY BEHIND THE NEED

Execute compliance-related projects

Monitor employee personal trading

Review trading account statements monthly

Support senior executives and SVPs

Investigate insider trading and trading conflicts

Identify conflicts of interest

Handle approximately 100 cases

JOB DESCRIPTION:

AML Business Analyst An Anti-Money Laundering (AML) Analyst investigates and monitors financial transactions to detect and prevent money laundering, terrorist financing, and other financial crimes. They analyze data, conduct investigations, and ensure compliance with AML regulations and policies, ultimately helping to maintain the integrity of the financial system.

Key Responsibilities: Transaction Monitoring: Reviewing a wide range of financial transactions for suspicious activity. Investigation: Investigating potential cases of money laundering and other financial crimes. Creating and maintaining case files to investigate suspicious activity. Compliance: Ensuring compliance with AML regulations and policies. Reporting: Reporting findings to regulatory authorities when necessary. Preparing and filing Suspicious Activity Reports (SARs). Due Diligence: Conducting customer due diligence (CDD) and Know Your Customer (KYC) checks. Documentation: Creating and maintaining records of investigation activities and findings; gathering and analyzing documents to assist in identifying suspicious transaction patterns. Training: Participating in and leading AML compliance training. Staying Updated: Staying informed about emerging threats and trends in financial crime. Collaboration: Working with other teams, including law enforcement and compliance officers. Reviewing daily transaction reports for signs of unusual or out-of-the-ordinary customer activity. Performing periodic reviews of high-risk customersSkills and Requirements: Strong analytical and problem-solving skills are crucial for identifying patterns and trends in financial transactions. Knowledge of AML Regulations: A thorough understanding of AML laws, regulations, and best practices is essential. Excellent written and verbal communication skills are needed to communicate findings and recommendations. Careful attention to detail is necessary for accurately analyzing data and identifying suspicious activities. Familiarity with data analysis software and techniques is often required. Experience: Some positions may require prior experience in banking, finance, or a related field.

MUST-HAVE

• BAU functions and remediation • Detail-oriented documentation, report writing, and investigative work • Audit experience

NICE-TO-HAVE

Power BI

Data analysis

Tableau

Education: A Bachelor's degree in Accounting, Finance, or a related field is often preferred.