AML​/ATF Officer

Vacancy Status:
This is an existing position Target Salary Range: $56,760- $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.

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.

• Manage records of Large Cash Transaction Form submissions and Large Wire Transfer submissions from branches
• Review / Secondary Review of transaction reports
• Complete FINTRAC reports
• Ensure internal tracking reports are completed on time and accurately
• Submit the reports after the secondary review is completed

• Transaction reports as they are produced.
• Reportable transactionssubmittedby branch and clearing ops
• New account reports as they are produced.
• Investigate AML/ATF and Watchlist alerts generated by Verafin
• Investigate all items deemed suspicious from analysis as well as those referred directly by other Alterna employees.
• Liaise with other departments asrequiredto perform independent investigation.
• Apply AML/ATF transaction analysis principles
• All investigations follow a documented approach through the case management process on Verafin.

• Review Alerts generated by Verafin, create a case and investigate all itemsdeemedsuspicious
• Daily Transactionalanalysis toreviewand assess
  
  High,Mediumand Low risk clients
• ReviewKYC documents at account openingstage
• Liaiseand support other departments asrequiredand perform independent research
• Review PEDPs, PEFDs, HIO
• Review regulatory transaction reports to ensure required documentations are compiled and saved
• Draft Casereports for Team Lead’s review
• Submit the Suspicious Transaction Reports afterfull investigationforsecondaryreview

• Respond to queriesreceived by phone or email
• Support team leaders, branch managers, andcallcentreon AML compliance issues

• Complete documented comprehensive member/customer/product/business process analysis
• Report reviewand analysis
• Documentation review/updateand process
• Process review
• Detailed sample review
• Complete report

• Post-Secondary education in a related field (business, law, economics, criminology) or equivalent experience
• 1-3 years of AML experience or similar role
• 1-3 years of banking industry experience
• Successful completion of the Certified Anti-money Laundering Specialist examor similar certification, an asset
• Knowledge or Completion of banking/investment industry courses,an asset.
• Knowledge or Completion of Audit related courses/certifications,an asset
• Knowledge or Completion of Risk management related courses/certifications,an asset
• Leadership experience considered and asset

Demonstrates strong critical thinking skills to analyze information, evaluate options, and make sound decisions

• Experience and knowledge with Alterna processes and controls is an asset
• General working knowledge and understanding of all regulations affecting the Credit Union and Bank.
• Good Knowledge in AML/ATF
• CAMS certified considered an asset

Alterna Savings and Credit Union Limited (Alterna) has delivered The Good in Banking ® for over 115 years creating financial services that transform lives for the better, all while giving back to our community. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.

Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 210,000 members through a network comprised of 40 branches across Ontario, a call centre and multiple digital channels. Members and customers also benefit from an industry-leading online brokerage and investment management services.

We are incredibly proud of our…