Aml Operation Analyst I - Toronto, Canada - TD Bank

TD Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

406706BR

Anti-Money Laundering / Compliance & Regulatory Relations

Toronto, ON

April 19, 2023

Company Overview

Department Overview

The TD Global AML department is accountable for establishing TD's Global Anti-Money Laundering and Anti-Terrorist Financing Program (AML/ATF) to ensure that all TD businesses adhere with AML/ATF regulatory expectations in all jurisdictions where TD operates.

This includes setting consistent standards across business segments that may be further tailored to specific business or jurisdictional requirements; conducting annual enterprise-wide AML risk assessments; maintaining the Global AML Policy (including Know Your Customer and Enhanced Due Diligence, record keeping & retention requirements); currency transaction and suspicious transaction monitoring and reporting; screening TD customers against regulatory watch lists; a hierarchy of designated AML officer functions; enterprise-wide and specialized AML training of employees; and independent AML testing.

In the FIU, we conduct detection, investigation, and reporting for the money laundering program.

In addition, we maintain the high risk client program where we need to report, document, and evaluate the high risk customers for TD bank.

Job Description:

This position evaluates ML/TF risk, by conducting investigations on cases as part of the controls of TD's AML and ATF program.
Perform a broad range of money laundering investigation related activities in support of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regulations designed to detect and report on financialrelated crimes.
Understanding of related regulations, such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
Experience with a wide variety of ML/TF risks for multiple customer/product types and a solid ability to articulate the risks and your findings in a recommendation summary.
Evaluate potentially suspicious account activity. Recognize and evaluate accounts and activity and effectively document recommendations regarding account retention and/or regulatory reporting obligations.
Provide trend analysis and reporting of AML/TF findings to Management for review.
Prioritize and manage own workload to meet SLA requirements for service and productivity.
Escalates and obtains management approval as appropriate on higher risk cases per policies and procedures.
Performs additional duties and participates in special projects, reporting activities as required.
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.
Effectively work independently with mínimal supervision within a team environment to complete a common goal and prioritize daily workload to meet department objectives.
Adhere to the team policy and procedures to ensure that work is properly documented.
Perform additional duties and participate in special projects as required.
Ability to handle confidential information with discretion.
Ability to exercise sound judgement in making decisions.

Requirements:

2+ years related experience required
Good analytical skills and the ability to review and organize large amounts of data and/or information.
Strong research, internet and investigative skills.
Strong attention to detail and accuracy.
Inquisitive nature, with ability to pursue potential investigative leads until resolved.
Strong verbal and written communication skills, including drafting reports, policies and procedures.
Excellent communication skills, including the ability to professionally manage questions and/or concerns escalated by partners.
Excellent organization skills with the ability handle multiple complex cases simultaneously, while meeting deadlines.
Excellent team player who is versatile and adaptable to new situations/opportunities within the business needs.
Ability to operate in an evolving, often ambiguous, environment.
Ability to understand and interpret financial statements and audit reports.
Excellent technical and computing skills: including the ability to use various searchable databases and Microsoft Office software.
Certified Anti-Money Laundering Specialist (CAMS)/Certified Financial Crime Specialist (CFCS) certifications an asset.

Hours

37.5

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported.

We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve.

If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.