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Manager, AML/ATF

December 3 2019
Industries Bank, Insurance, Financial services
Categories Sales, Business Development, Bank, Insurance, Financial Services, Bank, Insurance, Financial services
Ottawa, ON

Scope of Position

The Manager AML/ATF is directly responsible for the content, design and enterprise-wide implementation of the anti-money laundering/ anti-terrorist financing (AML/ATF) program within Alterna Savings and Alterna Bank (“Alterna”); is also directly responsible for all facets of the development and management the related policies and procedures, ongoing training, risk assessment, and effectiveness review; and is also responsible for managing, coaching and motivating the anti-money laundering team.

Major Responsibilities

Responsible and accountable for AML/ATF program content, design and enterprise-wide implementation. In particular:

  • keeping the AML/ATF program current relative to the organization’s identified inherent risks (clients and business relationships, products and delivery channels, geographic locations of activity and any other relevant factors);
  • oversight of AML/ATF control activity in all relevant business areas for the purposes of establishing a reasonable threshold level of control consistency throughout the enterprise;
  • ensuring that resources, including those required to identify and report suspicious transactions and suspicious attempted transactions, are sufficient in all relevant areas of the organization;
  • owning and maintaining AML/ATF policies and procedures to be reviewed periodically by the Executive Leadership Team and/or the Board as appropriate;
  • directing the development, maintenance and completion of an assessment of inherent ML and TF risks, including being satisfied that new product/service/business acquisition processes are subjected to timely inherent risk analysis and appropriate controls are developed to mitigate identified risks;
  • directing the development, maintenance and completion of a self-assessment of controls;
  • responsible for the development, delivery and maintenance of ongoing AML/ATF training programs for Management, employees, agents and other persons authorized to act on the organization’s behalf;
  • ensuring that systems and other processes that generate information used in reports to Management and the Board are adequate and appropriate, use reasonably-consistent reporting criteria, and generate accurate information;
  • reporting to VP Compliance and CAMLO pertinent information about AML/ATF program adequacy and issues;
  • ensuring the timely and effective implementation of changes in, or new, regulations into business processes and procedures; and
  • ensuring that the Internal Auditor is aware of the requirement in the PCMLTFR for effectiveness testing of the AML/ATF program at least every two years.

Manage the day to day operation and activities as it relates to the AML/ATF department and staff. In particular:

  • Provide leadership, direction, and motivation to the department staff;
  • Ensure the staff carries out their assigned daily tasks such as monitoring of High Risk clients, Alerts, Large Cash Transactions, to name a few.
  • Maintain and oversee the day to day relationships with the external partners; including regulators and
  • Research and resolve complex operational issues

Expectations / Outcomes

  • Adequate anti-money laundering program prevention and detection framework is maintained
  • Risks are identified in a proactive and urgent manner to minimize the losses and risk exposure to the Alterna
  • Regulatory reporting is accurate, complete and delivered in accordance to set timelines and requirements
  • AML/ATF staff are effective and efficient in the completion of their duties and contribute to the success of Alterna, and
  • Sound AML/ATF and risk awareness and practices are adopted and maintained by all areas of the Alterna.

Qualifications

Education / Certification / Experience

  • Bachelor’s degree in Business, Law, Economics, or Criminology – or equivalent work experience
  • 10 years of banking / financial services (or related) experience
  • 7 years progressive experience in the areas of financial crime prevention (AML and/or fraud)
  • 5 years of direct management experience
  • Successful completion of the Certified Anti-Money Laundering Specialist exam (CAMS) and/or equivalent work experience
  • Knowledge or completion of risk management related courses/certifications (or related experience) considered an asset

Knowledge / Skills

  • Strong working knowledge and understanding of all regulations affecting the Credit Union and Bank
  • Specialized knowledge in Anti-Money Laundering / Terrorist Financing
  • Good knowledge of Alterna processes and controls
  • Proficient with Outlook, Word and Excel is required

About the Alterna Financial Group

Alterna Savings and Credit Union Limited (Alterna) has been the Good in Banking for 111 years!

Alterna has grown from its humble beginnings to be the second largest credit union in Ontario, and one of the Top 10 in Canada, with over $8 billion in assets under management and more than 167,000 members and a network of 35 branches across Ontario. The impressive growth throughout the years stems not only from merging with other credit unions, but also from significantly gaining new retail, business and not-for-profit members as people recognize Alterna’s philosophy of putting members first.

Known for its fast-paced environment, Alterna is viewed as a trailblazer in the industry. Led by a CEO with a passion for innovation, Alterna was the first credit union to introduce a digital bank and the first to offer a fully digital end-to-end mortgage through its wholly-owned subsidiary, Alterna Bank.

Alterna is proud of its long history of helping communities thrive. It shared its success in 2018 by donating more than $1 million to the community and, in partnership with employees, contributed 11,300 volunteer hours. Its flagship Community Micro Finance Program also helps underrepresented groups. Since inception, the program has disbursed more than $5 million in impact loans and helped change the lives of more than 1,000 participants and their families.

Alterna is also extremely proud of its corporate culture. With a workforce of more than 600 employees, Alterna is honoured to be recipient of prestigious employer awards, including the National Capital Region’s Top Employers and Aon’s Best Employers (Platinum level) awards.

For more information please visit www.alterna.ca and www.alternabank.ca and connect with us on https://twitter.com/alternasavings.

Compensation

*At Alterna, we offer a competitive total rewards program and an opportunity to truly make a difference. If you put people first and value excellence and integrity, we hope you'll apply!

* Although we appreciate all applicants, preference will be given to candidates who most closely meet the qualifications, key skills and competencies outlined above.

* Alterna is compliant with the Ontarians with Disabilities Act. If you have a disability, please contact the recruiter to let us know how we can accommodate you.

Apply now!