Analyst, AML Tactical Transaction Monitoring

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work:

The AML/ATF department within Compliance is responsible for the management of the Bank’s AML/ATF risk through the implementation and monitoring of effective controls.  The Analyst role is a multi-faceted one as responsibilities include conducting review of alerts generated by the transaction monitoring systems, assist in the submission of STRs and EFTRs in the F2R portal,maintaining training and administrative records and providing support to the AML team and the business units. The environment is often fast-paced and requires the effective time management of multiple tasks and projects.  

• Conduct a review and adjudicate alerts generated by the internal transaction monitoring systems.  
• Conduct monitoring and testing routines of existing internal controls designed to detect unusual/suspicious activities and test for adherence to the Bank’s AML/ATF policies and procedures. 
• Consolidate data across various sources to analyse results and offer solutions to streamline future reporting where required.  
• Work with the stakeholders and assist in the preparation and filing of reports to the regulator within defined timelines and in accordance with Equitable Bank’s policies and procedures.  
• Support the AML team with the regulatory record keeping duties to maintain the effectiveness of the Bank’s AML/ATF Compliance Program and the integrity of data reported to the CAMLO, Senior Management and the Board of Directors. 
• Proactively identify best practices to ensure compliance with regulatory requirements.  
• Identify and provide recommendation(s) on areas of improvement to close gaps to the Manager.  
• Communicate and work with business units to resolve identified gaps. 
• Personally responsible and accountable for self development and maintaining up to date knowledge, best practices, and skills relevant for the role. 
• Provide support for the planning, coordination and execution of AML/ATF projects, as required. 
• Assist the Manager in responding to inquiries and liaise with the Business Units as directed. 
• Review EFT reports daily to determine if EFT reporting is required to FINTRAC in F2R.  

• Post-secondary education (diploma/degree)  
• Minimum of 1 to 3 years’ experience in the financial industry. Preferably exposure to regulatory compliance, risk management disciplines and best practices 
• Working knowledge of regulatory requirements for AML/ATF and sanction systems, industry best practices and/or organizational goals for AML/ATF systems and recommend continuous improvements to processes and tools to meet these requirements 
• Analysis, testing and/or previous AML/ATF, name screening, EFT review and mortgage lending experience considered an asset 
• Proficient knowledge of Microsoft Office (Word, Excel and PowerPoint) and internet/web navigation 
• Strong analytical and research skills; ability to organize and bring order to data and information, drawing conclusions and making appropriate recommendations 
• Ability to multi-task and prioritize to meet deadlines 
• Highly developed verbal and written communication skills with the ability to respond in a clear, concise and professional manner 
• Bilingualism is an asset (English and French) 

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺  Medical, dental, vision, life, and disability benefits

📝  Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days 

🖥  Virtual events to connect with your fellow colleagues

🎓  Annual professional development allowance and a comprehensive Career Development program

💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!