About the role
Shinhan Bank Canada (SHBC) is part of the global Shinhan Financial Group, one of South Korea's leading financial institutions. At SHBC, we provide a full range of financial services including everyday banking, mortgages and loans - delivered with deep local expertise and global insight.
Join a workplace where your contributions are valued and your professional development supported. At SHBC, you'll be part of a collaborative culture where every voice matters and your efforts directly impact the communities we serve.
Primary Purpose of the Role/Job
The Senior Advisor, AML will report directly to the Director, Compliance (AML) and assist the Compliance Manager in matters relating to Applicable Laws and Regulations:
Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated Regulations and FINTRAC Guidance, etc. This role mainly focus on transaction monitoring and investigation related tasks.
Key Responsibilities & Accountabilities
- Conduct a quality review on the acknowledged FRAML alerts
- Transaction Monitoring (TM) Quality Assurance and provide consultancy
- High-Risk Customer behaviour review & threshold setting
- Case Management - open case assessment and ongoing monitoring
- Conduct Enhanced Due Diligence (EDD) for existing high-risk customers
- Conduct further investigation of Branch escalated Suspicious Transaction Report (UTR)
- Preparation and filing of Suspicious Transaction Report (STR)
- Fraudulent activity reporting to FINTRAC/CAFC
- Review & Revise TM Scenario, FRAML alert rule testing and threshold tuning
- Develop TM related desktop manual and provide training
- Report issue findings and establish remedial action plan
- Assist external and internal auditors for TM review and follow-up
- Serve as Compliance Officer and Deputy Risk Officer within the compliance team
- Completion of sundry duties, as assigned
Job Requirements
Education Requirements Bachelor’s degree in business requiring four years of full-time study or equivalent is necessary
Work Experience Requirements
Over 5 years of experience working in a banking industry is required for this position.
(AML background and experiences are considered as significant asset)
- Ability to interpret and operationalize regulatory requirements
- Demonstrated experience working with high confidential information
- Strong attention to detail, problem-solving skills, and analytical skills
- Familiarity with AML issues and transaction monitoring system considered an asset
- Effective and efficient communication skills in writing and verbal are essential
- Ability to effectively present findings and recommendations
People Management Experience Requirements 0 year(s)
**Professional Certification/Membership Requirements Required:**CAMS designation
**Language Requirements Required:**English, Korean
Knowledge & Skills
Job Related Competencies: Skill/Competency requirements to be effective in the specific role/job performed
Knowledge of Administration processes, practices and procedures
Planning and Organizing
Risk, compliance and audit mindset
Canadian laws and regulations
Local market knowledge
Knowledge of Policy Development processes
Specialized subject matter expertise and knowledge
Behavioral Competencies: Skill/Competency requirements to be effective in the specific role/level
Adaptability & Flexibility
Learning mindset (Continuous learning)
Collaboration & Teamwork
Effective interactive communication
Initiative
Innovativeness
Execution skills
Judgment/ Analytical thinking
Information/ Data seeking
Attention to detail and quality
Organizational awareness
**Technology Competencies:**Computer-related hardware/software knowledge MS Office, Job related software
If this job requires managing a budget, please specify the size of the budget and the scope of the budget N/A
Communication Requirements
**Internal:**with Senior Management, Oversight functions, Parent bank as required
**External:**FINTRAC and any other regulators wherever required.
Work Environment, Demands
Office environment Frequent use of computers No heavy lifting required
At Shinhan Bank Canada, we are committed to creating and maintaining a diverse, inclusive and accessible workplace. We believe that a collaborative and diverse team strengthens our organization and reflects the communities we proudly serve. You will be supported and empowered to realize your full potential as we work together to shape the future of banking. Our recruitment process is designed to be fair and inclusive. If you require accommodation at any stage of the hiring process, please let us know - we will work with you to meet your needs.
Only candidates selected for an interview will be contacted.
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About the role
Shinhan Bank Canada (SHBC) is part of the global Shinhan Financial Group, one of South Korea's leading financial institutions. At SHBC, we provide a full range of financial services including everyday banking, mortgages and loans - delivered with deep local expertise and global insight.
Join a workplace where your contributions are valued and your professional development supported. At SHBC, you'll be part of a collaborative culture where every voice matters and your efforts directly impact the communities we serve.
Primary Purpose of the Role/Job
The Senior Advisor, AML will report directly to the Director, Compliance (AML) and assist the Compliance Manager in matters relating to Applicable Laws and Regulations:
Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated Regulations and FINTRAC Guidance, etc. This role mainly focus on transaction monitoring and investigation related tasks.
Key Responsibilities & Accountabilities
- Conduct a quality review on the acknowledged FRAML alerts
- Transaction Monitoring (TM) Quality Assurance and provide consultancy
- High-Risk Customer behaviour review & threshold setting
- Case Management - open case assessment and ongoing monitoring
- Conduct Enhanced Due Diligence (EDD) for existing high-risk customers
- Conduct further investigation of Branch escalated Suspicious Transaction Report (UTR)
- Preparation and filing of Suspicious Transaction Report (STR)
- Fraudulent activity reporting to FINTRAC/CAFC
- Review & Revise TM Scenario, FRAML alert rule testing and threshold tuning
- Develop TM related desktop manual and provide training
- Report issue findings and establish remedial action plan
- Assist external and internal auditors for TM review and follow-up
- Serve as Compliance Officer and Deputy Risk Officer within the compliance team
- Completion of sundry duties, as assigned
Job Requirements
Education Requirements Bachelor’s degree in business requiring four years of full-time study or equivalent is necessary
Work Experience Requirements
Over 5 years of experience working in a banking industry is required for this position.
(AML background and experiences are considered as significant asset)
- Ability to interpret and operationalize regulatory requirements
- Demonstrated experience working with high confidential information
- Strong attention to detail, problem-solving skills, and analytical skills
- Familiarity with AML issues and transaction monitoring system considered an asset
- Effective and efficient communication skills in writing and verbal are essential
- Ability to effectively present findings and recommendations
People Management Experience Requirements 0 year(s)
**Professional Certification/Membership Requirements Required:**CAMS designation
**Language Requirements Required:**English, Korean
Knowledge & Skills
Job Related Competencies: Skill/Competency requirements to be effective in the specific role/job performed
Knowledge of Administration processes, practices and procedures
Planning and Organizing
Risk, compliance and audit mindset
Canadian laws and regulations
Local market knowledge
Knowledge of Policy Development processes
Specialized subject matter expertise and knowledge
Behavioral Competencies: Skill/Competency requirements to be effective in the specific role/level
Adaptability & Flexibility
Learning mindset (Continuous learning)
Collaboration & Teamwork
Effective interactive communication
Initiative
Innovativeness
Execution skills
Judgment/ Analytical thinking
Information/ Data seeking
Attention to detail and quality
Organizational awareness
**Technology Competencies:**Computer-related hardware/software knowledge MS Office, Job related software
If this job requires managing a budget, please specify the size of the budget and the scope of the budget N/A
Communication Requirements
**Internal:**with Senior Management, Oversight functions, Parent bank as required
**External:**FINTRAC and any other regulators wherever required.
Work Environment, Demands
Office environment Frequent use of computers No heavy lifting required
At Shinhan Bank Canada, we are committed to creating and maintaining a diverse, inclusive and accessible workplace. We believe that a collaborative and diverse team strengthens our organization and reflects the communities we proudly serve. You will be supported and empowered to realize your full potential as we work together to shape the future of banking. Our recruitment process is designed to be fair and inclusive. If you require accommodation at any stage of the hiring process, please let us know - we will work with you to meet your needs.
Only candidates selected for an interview will be contacted.