AML/ATF Officer
Job in
Toronto, Ontario, M5A, Canada
Listing for:
Alterna Savings
Full Time
position
Listed on 2026-02-20
Job specializations:
-
Finance & Banking
Regulatory Compliance Specialist, Risk Manager/Analyst, Financial Crime, Financial Analyst
Salary/Wage Range or Industry Benchmark: 54000 - 70000 CAD Yearly
CAD
54000.00
70000.00
YEAR
Job Description & How to Apply Below
Job Type: Full Time
Vacancy Status: This is an existing position
Target Salary Range: $54,000- $70,000
The compensation for this position is determined by a combination of skills, experience and is aligned to the market in which the job is posted. Your recruiter will provide additional details about our total rewards package during the hiring process.
Scope of Position
The AML/ATF Officer will be responsible for the daily transaction review and analysis as relates to Money Laundering and Terrorist Financing. The Officer will work closely with all relevant parties to obtain and share information and be a support and SME as required. They will complete all FINTRAC transaction reporting, analysis and execute the risk based ongoing monitoring and control testing plan.
They will provide daily support to Alterna to maintain and enhance the effectiveness of compliance.
Major Responsibilities
Complete all FINTRAC transaction reporting
Manage records of Large Cash Transaction Form submissions and Large Wire Transfer submissions from branchesReview / Secondary Review of transaction reportsComplete FINTRAC reportsEnsure internal tracking reports are completed on time and accuratelySubmit the reports after the secondary review is completedTransaction Analysis, Investigation, Reporting
Conduct EDD investigations of High-Risk accounts.Transaction reports as they are produced.Reportable transactions submitted by branch and clearing opsNew account reports as they are produced.Investigate AML/ATF and Watchlist alerts generated by VerafinInvestigate all items deemed suspicious from analysis as well as those referred directly by other Alterna employees.Liaise with other departments as required to perform independent investigation.Apply AML/ATF transaction analysis principlesAll investigations follow a documented approach through the case management process on Verafin.Complete all FINTRAC reports
Review Alerts generated by Verafin, create a case and investigate all items deemed suspiciousDaily Transactional analysis to review and assess High, Medium and Low risk clientsReview KYC documents at account opening stageLiaise and support other departments as required and perform independent researchReview PEDPs, PEFDs, HIOReview regulatory transaction reports to ensure required documentations are compiled and savedDraft Case reports for Team Lead’s reviewSubmit the Suspicious Transaction Reports after full investigation for secondary reviewProvide daily support to Alterna Credit Union and Bank
Respond to queries received by phone or emailSupport team leaders, branch managers, and call centre on AML compliance issuesExecute the risk based ongoing monitoring strategy
Complete documented comprehensive member/customer/product/business process analysisReport review and analysisDocumentation review/update and processProcess reviewDetailed sample reviewComplete reportQualifications
Education / Certifications / Experience
Post-Secondary education in a related field (business, law, economics, criminology) or equivalent experience1-3 years of AML experience or similar role1-3 years of banking industry experienceSuccessful completion of the Certified Anti-money Laundering Specialist exam or similar certification, an assetKnowledge or Completion of banking/investment industry courses, an asset.Knowledge or Completion of Audit related courses/certifications, an assetKnowledge or Completion of Risk management related courses/certifications, an assetLeadership experience considered and assetKnowledge / Skills
Demonstrates strong critical thinking skills to analyze information, evaluate options, and make sound decisionsExperience and knowledge with Alterna processes and controls is an assetStrong Excel report development skillsGeneral working knowledge and understanding of all regulations affecting the Credit Union and Bank.Good Knowledge in AML/ATFCAMS certified considered an asset
Note that applications are not being accepted from your jurisdiction for this job currently via this jobsite. Candidate preferences are the decision of the Employer or Recruiting Agent, and are controlled by them alone.
To Search, View & Apply for jobs on this site that accept applications from your location or country, tap here to make a Search:
Search for further Jobs Here:
