Aml/atf Officer

7 months ago

Ottawa, Canada Alterna Full time

**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 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 Analysis, Investigation, Reporting
- Conduct EDD investigations of High-Risk accounts.
- Transaction reports as they are produced.
- Reportable transactions submitted by 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 as required to perform independent investigation.
- All 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 suspicious
- Daily Transactional analysis to review and assess High, Medium and Low risk clients
- Review KYC documents at account opening stage
- Liaise and support other departments as required and perform independent research
- Review PEDPs, PEFDs, HIO
- Review regulatory transaction reports to ensure required documentations are compiled and saved
- Draft Case reports for Team Lead’s review
- Submit the Suspicious Transaction Reports after full investigation for secondary review

Provide daily support to Alterna Credit Union and Bank
- Support team leaders, branch managers, and call centre on AML compliance issues

Execute the risk based ongoing monitoring strategy
- Complete documented comprehensive member/customer/product/business process analysis
- Report review and analysis
- Documentation review/update and process
- Process review
- Detailed sample review
- Complete report

**Expectations / Outcomes**
- Timely, accurate and complete regulatory filings
- Knowledgeable of all systems and where data on one system affects its corresponding placement on another system
- Knowledgeable of Alterna’s procedures and processes which need to be monitored by the AML team in order to assess properly
- Remain up to date regarding changes as relates to PCMLTFA, Money Laundering and Terrorist financing
- Stay abreast of incoming regulations, techniques, strategies and knowledge in all related areas

**Qualifications**

Education / Certifications / Experience
- Post-Secondary education in a related field (business, law, economics, criminology) or equivalent experience
- A minimum of 3 years of AML experience or similar role
- A minimum of 4 years of banking industry experience
- Successful completion of the Certified Anti-money Laundering Specialist exam or 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

**Knowledge / Skills**
- Experience and knowledge with Alterna processes and controls is an asset
- Strong Excel report development skills
- General working knowledge and understanding of all regulations affecting the Credit Union and Bank.
- Good Knowledge in AML/ATF

**About Alterna Savings**

Alterna Savings and Credit Union Limited (Alterna) has been the good in banking for over 110 years. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.

As the first full-service, member-owned cooperative financial institution outside Quebec, Alterna Savings shares its expertise with 217,000 members through a network of 46 branches across Ontario, as well as call centre and digital channels. Members and customers also benefit from an industry-leading online brokerage, investment management services, and have access to over 43,000 surcharge-free ATMs in North America with THE EXCHANGE Network in Canada and the Allpoint Network in the US.

**Working at Alterna**

Alterna offers a fast-paced, impactful work experience in an organization that cares about doing good. For over 110 years, Alterna has been creating financial services that transform lives for the better, all while giving back

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