Compliance Specialist I
Your Neighbourhood Credit Union (YNCU) is a community-focused organization dedicated to investing locally and supporting its members. The Compliance Specialist will work closely with the Compliance Manager to oversee and enhance the Credit Union's compliance programs, ensuring adherence to AML regulations and conducting client risk assessments.
Responsibilities
- Reviewing daily transactions for unusual patterns, conducting preliminary investigations, using sound judgement for risk levels and required reporting and escalating unusual patterns to the Compliance team
- Conducting Know Your Client (KYC) checks and implementing enhanced due diligence (EDD) for high-risk clients, and participating in periodic risk assessments to understand client risk
- Ensuring the organization's AML/ATF program adheres to all applicable laws and regulations, e.g. FINTRAC’s PCMLTFA
- Preparing and submitting various reports to regulators, such as Suspicious Transaction Reports (STRs), Electronic Funds Transfer Reports (EFTR)
- Assisting in the development, maintenance, and enhancement of AML/ATF program policies, procedures, and risk assessment methodologies
- Utilizing risk assessment tools and software (Navaera, Central1),and assisting with the implementation and testing of AML system enhancements
- Ability to identify high-risk scenarios and unusual transactional patterns
- In-depth understanding of FINTRAC regulations, and best practices
- Ability to clearly communicate findings and compliance requirements
- Other duties as assigned
Skills
- Post-secondary degree in business or a related field with one (1) plus years of related experience in risk management is required and overall experience of two (2) plus years is preferred
- Knowledge of financial services industry considered an asset
- Strong analytical/statistical skills with a high degree of knowledge using spreadsheet software (Excel)
- Well-developed writing skills, sufficient to prepare material involving interpretation, analysis, assessment and reports
- Strong planning, organizational and time management skills
- Excellent interpersonal and communication skills
- Superior customer service ability
- Must be bondable
Benefits
- Competitive Compensation, Incentive Programs and Benefits
- 37.5-hour work week
- 7% matching pension
- Benefits are 100% paid for by YNCU
- Wellness Initiatives including our Employee and Family Assistance Program, premium membership for Calm, Consult+, and LIFT Virtual Fitness
- Training and Development Opportunities
- Community Sponsored Events Employee and paid Volunteer opportunities
- Opportunities to get involved with fun and meaningful committees
- Free banking account
- Discounted Employee Rates
- Good Neighbours Employee Volunteer Program
- Monthly Staff Donation Draws
Company Overview