About this opportunity

At Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.

The ideal candidate is a dedicated professional committed to advancing their career in Anti-Money Laundering (“AML”) and Anti-Terrorist Financing (“ATF”) through hands-on experience and a strong emphasis on self-motivated personal development. This individual proactively seeks and identifies extensive opportunities for growth within the AML/ATF field and demonstrates a passion for continuous learning. The candidate excels in dynamic, fast-paced environments, consistently embracing new challenges and managing a demanding caseload with diligence and adaptability. Additionally, they possess the interpersonal skills necessary to foster trust and build strong, collaborative relationships with business partners.

Key Responsibilities

Primary Functions

• Conduct thorough investigations and risk assessments of alerts identified by the credit union’s AML detection programs. This includes reviewing alerts generated by automated transaction monitoring systems, ongoing monitoring processes, unusual activity reports, relevant media articles, and production orders.
• Make well-documented determinations regarding whether to escalate cases (file) or close them (no file) based on investigative findings, ensuring all decisions are appropriately recorded.
• Prepare and submit Suspicious Transaction Reports (“STR”) to FINTRAC as required, in compliance with regulatory obligations and internal policies.
• Maintain comprehensive records and audit trails of all investigative activities and case dispositions to facilitate reviews by Quality Control, management, and applicable auditors or regulatory authorities.
• Conduct reviews of Alerts generated for potential Politically Exposed Persons (PEPs), sanctions, and watchlist hits to assess and determine whether a potential match exists.
• Engage line-of business stakeholders to help remediate Know Your Member (“KYM”) and other compliance deficiencies.
• Effectively manage and triage referral events from internal stakeholders
• Prepare and submit large cash transactions and electronic funds transfer reports to FINTRAC
• Through execution of duties, offer ongoing feedback to enhance overall efficiency and effectiveness

Knowledge, Skills, and Abilities

Knowledge: information a person possesses that is necessary to perform a job. It is typically theoretical or factual and can be acquired through education, training, or experience. Example: Knowledge of accounting principles, federal regulations, or HR Policies.

Skills: proficiencies developed through training or experience. They are observable, measurable, and often task-specific. Example: data analysis, project management, analytical, leadership.

Abilities: Abilities are the innate or developed capacities to perform tasks or activities. Unlike skills, which are learned, abilities are more about potential and capacity.

Example: Problem-solving, critical thinking, or multitasking.

• Strong understanding of money laundering/terrorist financing typologies and risk factors, including a demonstrated appetite to keep up to date with emerging trends and risks is required.

• Strong understanding of financial products and services, operational policies, procedures, delivery systems, and risk management methodologies is required.

• Proficiency with MS Office suite (Word, Excel, PowerPoint) is required.

• Proficiency with SQL or other database management and reporting software is an asset.

• Experience working with an AML transaction monitoring/case management system/software is an asset.

• Experience working with Artificial Intelligence (“AI”) is an asset.

• Working-level understanding and/or awareness of FINTRAC’s Guidelines, the Proceeds of Crime(Money Laundering) and Terrorist Financing Act (“PCMLTFA”), associated Regulations, the Criminal Code of Canada, and the personal Information Protection and Electronic Documents Act (“PIPEDA”) are an asset.

• Demonstrated ability to effectively multitask and manage multiple priorities in a fast-paced environment.

• Strong willingness to learn and flexibility to be cross-trained on a variety of tasks and responsibilities.

• Proven capability to leverage knowledge and experience to develop novel solutions for unique challenges.

• Exhibits sound judgment and critical thinking skills, particularly in unfamiliar or complex situations.

• Experienced in coaching business partners through AML/ATF-related challenges and effectively influencing outcomes.

• Demonstrates tact and diplomacy when responding to inquiries from internal partners, external partners (including regulators and other government agencies, law enforcement, etc.), and internal/external auditors.

• Ability to clearly articulate observations/recommendations in a well-organized, professional, and audience appropriate format.

• Skilled in preparing, writing, and submitting prescribed reports to FINTRAC.

• Excellent report writing skills, including the preparation of concise reports including detailed recommendations for internal distribution.

• Member Focus: Consistently demonstrates that Members are the highest priority.

• Proactive: Anticipates needs and identifies opportunities to enhance service levels.

• Open Communication: Engages in honest and transparent dialogue to foster mutual understanding, trust, and cultivate deeper relationships.

• Business Savvy: Proactively acquires and applies relevant knowledge to excel in current responsibilities, leveraging both internal and external resources to drive effective results.

• Partner Orientation: Actively seeks opportunities for collaboration and fosters productive relationships to achieve shared organizational objectives.

• Integrity: Consistently demonstrates openness, honesty, and respect, ensuring actions align with ethical standards and organizational values

• Creates a Supportive and Positive Team Environment: Contributes to and promotes a collaborative team atmosphere that encourages innovation, risk taking, and continuous learning; helps accelerate team development by sharing best practices and leveraging the strengths of the broader team

Education, Work Experience, and Professional Designations/Certifications

• 2+ years of experience working in financial crime-related investigations.

• Certified Anti-Money Laundering Specialist (“CAMS”), Certified Fraud Examiners (“CFE”), Certified Financial Crime Specialist (“CFCS”) or other relevant designations are an asset.

• Relevant Post-Secondary education or equivalent experience is an asset.

This role represents an existing vacancy. Internal candidates are being considered as part of our standard process.

Salary Range: CAD**$46,400.00 to $69,600.00****annually.**

Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.

Office Location: Toronto Corporate Office located at 3280 Bloor St W, Etobicoke, ON.

Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is very important to us.

What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success

• We provide you with the tools and technology needed to delight your candidates and clients

• You'll get to work with and learn from diverse industry leaders

• Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues

• This isn't your typical "corporate" job. We work hard and we have fun!

Build the Future of Banking with Us

At Meridian, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst forsustainable growth,community impact, andfuture-readiness. As the financial landscape evolves, we’re looking for team members who bring:

-Embedding & leveraging technology– Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset -Critical Thinking– The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions. -Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency. -Curiosity & Flexibility– Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.

Who we are:

Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose - helping our members achieve their best life.

Find our story here: About Meridian

Experience the Difference!

Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.

Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.

Please note that due to the volume of applications, only those under consideration will be contacted for an interview.

Thank you for your interest in Meridian Credit Union.

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