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Risk Analyst I (Transaction Monitoring)
Location:
Toronto, ON
Description:
Risk Analyst I (Transaction Monitoring) Location: Toronto, ON/ Ottawa, ON/ Hybrid Duration: 18 months with possible contract to hire/ possible extension Description: Degree/Certifications Required: Secondary Education or equivalent work experience Years of experience: 2+ years' experience. Open to less years Project scope: Anti-Money Laundering / Compliance & Regulatory Relations Team size: 91 people Personality style/team culture: Curious, intelligent people. Motivated to work in learning environment. Interested in this area and wanting to learn and develop. Able to work independently but also collaborating in groups Selling points of position: Interesting job, work is highly varied, work in huge and growing department with High chance of career growth and being converted to permanent role. Best vs average candidate: Existing knowledge and experience of AML. Above average technical skills. Previous experience working in operations role. How will performance be measured: Benchmark for productivity and project control. Department overview: Provide a range of analytical and/or operational process support within a defined functional area. Develop and maintain knowledge of relevant regulations as well as existing and emerging Client/TF, BSA, Sanctions and ABAC risk across the business. Customer: - Act as a key resource / specialist owner or representative by providing technical subject matter expertise / analysis or operational process support on AML/ATF, Sanctions/ABAC matters - Contribute to the identification, and implementation of new products, operating workflow, additional services / products / applications or operational efficiencies - Ensure currency transaction reports, suspicious activity reports and suspicious transaction reports are filed in accordance with regulatory requirements - Run and review information against various lists/guidelines to ensure accuracy and flag potential deviations and unusual activity - Develop and execute on AML, Sanctions/ABAC reporting functions and/or produce consolidated or aggregated reporting as appropriate Shareholder: - Prioritize and manage own workload to meet SLA requirements for service and productivity - Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate - Protect the interests of the organization - identify and manage risks, and escalate non-standard, high-risk transactions / activities as necessary - Comply with applicable internal and external audit and regulatory requirements and may actively participate in Audit Reviews, providing recommendations and guidance 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 Job requirements: Employee / team: - Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest - Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit - Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques - Participate in personal performance management and development activities, including cross training within own team - Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-today activities - Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate. - Contribute to a fair, positive and equitable environment that supports a diverse workforce - Act as a brand champion for your business area/function and the bank, both internally and/or externally Breadth & depth: - Require specialized expertise and performs multiple and/or diverse tasks that are highly complex, involving multiple steps, systems, and jurisdictions - Transactions and activities require in depth knowledge across a broad range or variety of products, processes or systems within own area of specialty and where transactions could be characterized by moderate to high risk - Gather and analyze data to identify complex problems and escalates as required - Generally interact with internal customers / partners for functions performed and/or external customers May provide process / policy guidance to others (e.g. within team, internal partners) - Focus of work is weekly, monthly and/or longer with addition of adhoc and initiative-based requests, as required - Process subject matter expert in a range of technical processes and procedures Generally reports to a Team Manager Summary of day-to-day accountabilities: Candidates will be working within AML operations, conducting rapid (15-20 min) reviews of alerts that are triggered via algorithm based on risk factors/behaviours - Reviewing alerts for potential risks in customer transactions - Writing up 1-2 paragraph assessment on whether it should be escalated or closed Working within AML operations; rapid reviews of alerts that are triggered via algorithm (based on risk factors, behaviours) (15-20 minutes). Customer transactions, details, the nature of business. Quickly write up 1-2 paragraph review on whether it should be escalated or closed based on absence of risk. Must have: -2 years AML experience -Previous corporate experience -Self-driven and motivated to learn -Able to work independent but also work as part of a team -Computer savvy - pick up on internal systems and quick learner Nice to have: -Previous banking experience (international included) -Professional education or certifications -Business writing experience Qualification Assessment Must Have Recent relevant exp. working in a large corporate environment Yes Tech Savvy and a quick learner (able to learn a new software tool and navigate comfortably) Yes Skills AML Experience Yes Highly organized, proactive, self-motivated team player who takes initiative Yes Nice to Have Business writing skills Yes Relevant professional designations &/or certifications Yes Skills Banking experience - similar role 1 years Previous AML experience 1 years As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
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More About this Listing: Risk Analyst I (Transaction Monitoring)
Risk Analyst I (Transaction Monitoring) is a Other Jobs Analyst Job at Iconma located in Toronto ON. Find other listings like Risk Analyst I (Transaction Monitoring) by searching Oodle for Other Jobs Analyst Jobs.
Risk Analyst I (Transaction Monitoring) is a Other Jobs Analyst Job at Iconma located in Toronto ON. Find other listings like Risk Analyst I (Transaction Monitoring) by searching Oodle for Other Jobs Analyst Jobs.