Senior Risk and Compliance Analyst

About PenFinancial Credit Union We may offer the same products and services as a big bank, but we’re rooted in purpose and are on a mission to improve lives and strengthen communities . We support nearly 20,000 members and businesses digitally, over the telephone, and in person across a network of six branches across Niagara and Haldimand. At PenFinancial, our people are our greatest asset and our values speak for themselves: accountability , inclusivity , integrity , and respect . These values guide everything we do and they’re lived every day – where everyone has a voice and we listen. We provide all of our employees with a generous benefits package that includes a living wage salary, a defined contribution pension plan, and performance‑based success sharing. Our commitment to employee wellbeing is reflected in competitive benefits programs, wellness days, and allowances for education. We live our brand from the inside out, and our Truly Local Commitment starts with our employees. We encourage our employees to give back to the causes that are meaningful to them and their families by providing opportunities to volunteer, and we represent our local credit union through the Truly Local Ambassador program. We also commit to investing a portion of our profits directly back into our local communities. We are a proud Certified B Corporation committed to doing business for good, and we choose 100% renewable energy with Bullfrog Power to support environmental sustainability. Senior Compliance and Enterprise Risk Analyst The Senior Compliance and Enterprise Risk Analyst serves as the back‑up to the Chief Anti‑Money Laundering Officer (CAMLO) and supports all aspects of the risk and compliance functions for the Credit Union. Focused on Anti‑Money Laundering (AML) and fraud prevention, the role involves reviewing reports, monitoring member and business relationship transactions, and staying updated on regulatory and industry requirements. The analyst plays a key role in investigating and resolving fraud alerts, ensuring compliance with AML laws, and supporting the credit union’s broader risk management strategy. As a secondary accountability, the analyst supports the Director, Risk and Compliance in advancing the credit union’s Enterprise Risk Management (ERM) initiative. Work Management Responsibilities Supports the team by prioritizing work packages for the Compliance Analysts, ensuring that key items are addressed in a timely manner. Helps to build skills within the team for more complex work items. Compliance Supports the Director, Risk and Compliance with compliance‑related inquiries from staff. Recommends process improvements and solutions to prevent recurring compliance issues. Fulfills data requirements for periodic reviews by FSRA, FINTRAC, and internal or external auditors. Reviews and ensures timely submission of Large Cash Transaction and Electronic Fund Transfer Reports to FINTRAC. Reviews Unusual Transaction Reports submitted by branches and recommends filing Suspicious Transaction Reports (STRs) when necessary. Responds promptly to all requests for information from the AML provider. Provides learning to the team and branch staff on themes and trends that arise from the data to support ‘first time right’. Monitors changes in regulatory requirements and recommends updates. Ensures AML monitoring solutions are configured to appropriately risk‑rate members/business relationships and monitor their activities. Routinely reviews alerts and investigates transactions, collecting necessary information from branches as required. Oversees data entry of LCTR/EFTR and STR information, as well as missing STR data. Enterprise Risk Management (ERM) Works with risk owners across the organization to update risk conditions and ERM model inputs. Assists with the production of quarterly ERM reporting for the Audit & Risk Committee of the Board, including liaison with external consultants. Reviews all fraud losses, determines whether an insurance claim should be made, and if applicable, coordinates the submission of the claim with the insurance provider. Assists with the oversight of all insurance policies to ensure sufficient protection of property and all other assets as necessary. Performs other assigned responsibilities. Qualifications Post‑secondary education in Finance or a related field. Two to four years of experience working with FINTRAC compliance. Knowledge of financial accounting is an asset. Financial services experience is required. Demonstrated strong interpersonal skills, including approachability, trustworthiness, flexibility, and a strong work ethic. Ability to work effectively in a team environment with strong communication, time management, and problem‑solving skills. High attention to detail and accuracy. Proven ability to manage and maintain confidentiality of sensitive information. Proficiency in the use of technology to enhance productivity. Commitment to continuous personal improvement and ongoing learning. Salary Salary Range: $59,681 – $74,601. Target Salary: $63,410. Salary will be determined based on skills, experience, education, and other qualifications relevant to this position. Additional Information To learn more visit While we welcome all applications, only those who are selected for an interview will be contacted. Accessibility accommodations will be made for job candidates upon request. Seniority level Mid‑Senior level. Employment type Full‑time. Job function Legal. #J-18808-Ljbffr