- Execute regular reviews of AML related controls including but no limited to Client Risk Rating, Sanctions, Onboarding and Account Opening or additional reviews, as required consistently, with adherence to standards and on-time completion of reviews
- Monitor action plans related to RCSA, NIRA, NIASRA, incidents and audit/testing/QA findings to ensure effective resolution and timely closure
- Review and validate internal reporting for accuracy
- Maintain accurate and in-depth documentation and audit trails
- Assist with the review of AML controls to ensure they are accurately entered and maintained in the Regulatory Compliance Management, as required
- Ensure action plans are developed and completed as it relates to required changes from Sanctions Advisories, including Ministerial Directives Ensure that AML/ATF and Sanctions Operating Handbook, procedures, communications and job aids are up to date and aligned to Scotiabank and Canadian Banking requirements
- Provide and track Tangerine specific training to business units on AML processes, as needed
- Provide assistance and support to AML team members and other business lines on existing and newly established controls and processes
- Maintain thorough understanding of AML policy requirements, gaps and opportunities
- Attend and contribute to working sessions, meetings and projects, as required
- Promote a culture of AML compliance within Tangerine
- Other analytical, data gathering and statistics related activities as they arise
- Other duties as assigned by management
- There are no direct reports for this position
- Education/Experience University or College Degree or equivalent work experience Minimum 3-5 years of related work experience within Financial Services industry Experience in consumer banking products Experience working on and refining testing and auditing methods is an asset ACAMS is an asset
- Specialized Knowledge Knowledge of AML/ATF and sanctions legislation Knowledge of Tangerine Bank's products, systems, policies and procedures
- Technical Skills High degree of computer literacy including a strong command of MS Word, Visio and Excel
- Abilities Ability to work autonomously under tight timelines Ability to work in a dynamic environment where processes and procedures are consistently refined Ability to manage multiple tasks and set priorities Ability to maintain confidentiality
- Attributes Excellent organization, prioritization and attention to detail Strong oral and written skills with the ability to draft quality reports, procedures, and business correspondences Strong presentation skills Strong analytical skills, including ability to design and document effective work processes and procedures Positive approach to change and personal growth Strong work ethic
- The Senior Analyst, AML Controls will be working in a traditional office environment and may be subject to special working conditions as needed by the business. Special working conditions may cover a range of circumstances from regular evening and weekend work, overtime, shift work, working outdoors and/or working with challenging clients.
- Working Hours : 9:00 am- 5:00 pm EST, Monday - Friday
- Location: 3389 Steeles Avenue East, Toronto, Ontario, M2H 0A1
Senior Analyst, AML Controls - Toronto, Canada - Tangerine Bank
Description
Requisition ID : 198351
Tangerine is Canada's leading direct bank. We offer flexible and accessible banking options, innovative products, and award-winning Client service. The reason why Tangerine employees come to work each day is to help Canadians live better lives. We focus on making a difference in our communities, and that includes our own internal community. It's important to us that our employees feel empowered and enthusiastic about belonging to our Orange culture.
The AML Department is responsible for developing, implementing and sustaining the Tangerine Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF) and Sanctions Program and ensuring that Tangerine remains compliant with regulatory expectations and Scotiabank policies and standards.
Role Purpose
The Senior Analyst, AML Controls reports directly to the Senior Manager, AML Controls and is responsible for managing the AML Controls Program with oversight and guidance by the Senior Manager, AML Controls. This includes tracking, monitoring and reviewing processes and controls as they relate to the AML/ATF and Sanctions Program to ensure compliance with its requirements.
Role Accountabilities
Minimum Qualifications:
Working Conditions
Disability Accommodation
Tangerine will make reasonable accommodations for the known physical or mental disabilities of an otherwise qualified employee or applicant for employment, unless undue hardship to Tangerine would result. Any applicant or employee who requires accommodation in order to perform the essential functions of a job should contact Human Resources or his or her supervisor.
Managing Risk
All members of the Tangerine Team are responsible for managing risk and compliance within their departments. As such, employees should maintain and demonstrate the highest standards of integrity and ethical conduct in accordance with Tangerine policies, guidelines and directions.