AML​/ATF Quality Control Specialist

Description

About this opportunity

At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

The Quality Control (“QC”) team serves as a line 1b function, providing support to Meridian’s AML Compliance operations. The AML/ATF Quality Control Specialist (“QC Specialist”) is responsible for evaluating the operational output of the AML Compliance Team to confirm that activities adhere to established policies and procedures. Additionally, the QC Specialist ensures case notes are defensible and that decisions—such as whether to file a suspicious transaction report—are appropriately justified.

It is essential that the incumbent possesses quality control and investigative experience to accurately assess whether casework meets policy requirements. The specialist also verifies that all required reports are accurate, complete, timely, and that quality control findings are thoroughly documented and retained in their work papers.

The incumbent will contribute to the ongoing development of the Quality Control Program to ensure it effectively meets its primary assurance objectives for monitoring the AML Operations Program. Where applicable, the QC Specialist will recommend enhancements to scope and processes to align with program goals. They will proactively identify areas for policy and procedural improvement based on emerging trends and findings, ensuring that quality control activities foster continuous process enhancement.

Furthermore, the QC Specialist will provide recommendations regarding systems, procedures, and regulatory compliance through both verbal and written communications. The QC Specialist supports the CAMLO and Deputy CAMLO by preparing reports and offering recommendations concerning the AML program.

Key Responsibilities:

• STRATEGIC – Support the design and implementation of the Quality Control (“QC”) strategy for AML/ATF operations, including the integration of new tools and technology within the program. The program should be refined and improved on a continual basis and updated to address new and emerging risk trends.
• TACTICAL – Execution of QC tasks, including reviews of casework, prescribed reporting (completeness, accuracy and timeliness), screening, and compliance with procedures.
• Maintain an audit ready culture. Communicate with auditors during review engagements, as applicable. Ensure that work papers are defensible and up to date.
• Execute QC testing strategies to support data model risk management.
• Develop and provide reporting on results to Management on a regular basis.

Knowledge, Skills, and Abilities:

• Three years of experience working in AML/ATF compliance and/or investigations OR demonstrated experience in a QC/Assurance/Audit environment AND a strong understanding of ML/TF/sanctions evasion typologies and risk factors, including a demonstrated appetite to keep up to-date with emerging trends and risks.
• Thorough knowledge of QC best practices, strategies, sampling, metrics, defect tracking and QC reporting and requirements
• Strong understanding of financial products and services, operational policies, procedures, delivery systems, and risk management methodologies.
• Strong understanding of FINTRAC’s Guidelines is required. Awareness of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations are also required.
• Working-level understanding of the Criminal Code of Canada.
• Working-level understanding of the Personal Information Protection and Electronic Documents Act “PIPEDA”.
• Proficiency with MS Office suite (Word, Excel, PowerPoint) is required.
• Proficiency with SQL or other database management and reporting software is an asset.
• Experience working with an AML alert/case management system/software is an asset.
• Requires tact and diplomacy to communicate with stakeholders who may have differing perspectives, to influence positive outcomes.
• Requires the ability to communicate concisely; to present complex challenges and subject matter in a manner that is digestible by the target audience, who will have…