Senior Anti-Money Laundering (AML) Analyst, Risk and Compliance

Responsibilities

• Develop an in-depth understanding of FINTRAC reporting requirements and framework including all detailed elements of the submission process.
• Exercise independent judgment in analyzing all rejected EFT reports in order to identify, diagnose and recommend solutions and process enhancements to reduce the volume of rejections.
• Monitor the source systems where FINTRAC reporting data is derived and monitor these data sources for any payment-related developments that could impact data integrity.
• Build effective relationships with internal business unit partners and with internal and external technology partners as needed.
• Proactively monitor for regulatory developments impacting CIBC Mellon’s approach to satisfying FINTRAC reporting requirements.
• Participate in industry working groups to benchmark CIBC Mellon’s approach to FINTRAC reporting and understand how other regulated entities are dealing with reporting challenges.
• Correct and resubmit EFT reports that are rejected from the automated EFT reporting submission process.
• Conduct periodic reviews to ensure that all sources of EFTs are captured in the EFT data feed.
• Support the investigation of unusual transactions and the submission of STRs to FINTRAC.
• Collect and analyze data on sanctions hits and unusual transaction alerts from BNY and escalate any anomalies.
• Gather and analyze data to provide reporting on metrics for reporting to the AML Committee and the Board of Directors.
• Work independently on a range of complex tasks, which may include unique situations.
• Provide advice and guidance as the technical AML subject matter expert.
• Support IT-related or data-driven projects that impact the AML function.

Qualifications

Specific Knowledge & Skills

• 6+ years of IT experience in data management and/or data processing.
• University education or equivalent formal post-secondary education.
• Experience with Asset Servicing systems.
• Strong PC and technology-related skills (Excel macros / VBA).
• Knowledge of SWIFT payments processing would be beneficial.
• Project management experience and a working knowledge of systems development lifecycle.
• User acceptance testing experience.
• Analytical skills, ability to work independently, and make process enhancement recommendations.
• Self-starter that is very detail-oriented and effective at working with and obtaining support from cross-functional teams.

Working Conditions Unique to Job

• Normal office hours, with some requirement for after hours or weekends to support major initiatives.
• Fast-paced work environment, with multiple competing high-priority initiatives.