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

Professional Certification/Membership Requirements

Required: CAMS designation

Language Requirements

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

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.