Team Lead, AML Operations - (Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.

What we offer:

• Work-life flexibility 
• Hybrid work environment 
• One time allowance to set up your office for remote first employees
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts

*subject to employment agreement

Job Summary:

We're looking for a Team Lead to join our AML/ATF Operations team who’s passionate about protecting organizations from financial crime and supporting strong regulatory compliance. In this role, you’ll help ensure smooth day-to-day operations while guiding and coordinating the work of a small but mighty team of 4+ analysts and investigators.

You’ll play a key role in overseeing workflows, providing operational support, and contributing to important reports for the Credit Union’s leadership team. You’ll also collaborate closely with the Manager of Financial Crime Compliance Operations to drive efficiency and keep everything running effectively.

What you'll be doing:

EDD and Transaction Monitoring (40%)

• Using a risk-based approach, collect and analyze a wide variety of information related to system or manually generated alerts to identify persons and entities that may be laundering money or funding terrorism, escalating as appropriate for further investigation and the possible reporting of them to FINTRAC in accordance with defined processes and legislation.
• Prioritize and conduct EDD reviews and analyses, and provide risk assessment for the purpose of mitigating financial, regulatory, reputational and legal risk to Credit Unions from their higher risk Members
• Conduct a comprehensive review within established prescribed processes/guidelines of high-risk clients, assess risks posed to the credit union, and provide recommendations to maintain/de-risk the client based on assessment and risk tolerance of the credit union.
• Support the fulfillment of necessary reporting requirements by ensuring accurate documentation, timely disposition, and provision of critical information.
• Assist and support with AML/ATF related enquiries received from credit unions.
• Maintain a current understanding of money laundering and terrorist financing issues, including Central 1’s policies/procedures, FINTRAC guidelines, industry best practices, AML/ATF terminology, criminal typologies and developing trends.

Workflow Coordination, Supervision and Team Performance Management (50%)

• Prepare quarterly/monthly management/performance reports for Credit Union or Central 1
• Support the general operations of the department (e.g., maintain balanced workloads between analysts and investigators, assist with schedules, vacation, oversee operations and, provide training and supervision to analysts/investigators
• Provide support, guidance, performance review on a regular basis to the AML/ATF Analysts and Investigators.
• Provide input on participating credit union’s AML/ATF applications to improve effectiveness and efficiency.
• Support the Manager, Financial Crime operations in providing exceptional service to current or perspective clients by helping to maintain an effective/efficient business operation.
• Perform other ad hoc activities as assigned to support the goals, objectives and priorities of the manager Financial Crime Operations.

Change & Innovation (10%)

• Make recommendations to Manager and senior leadership for the enhancement of operation processes.
• Maintain an understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities and developing trends. Assist in identifying opportunities to improve processes and procedures and additional training requirements for the team

What you'll have:

• University degree, or a college diploma with at least two years’ working experience in a field such as criminology, law, money laundering/fraud investigation.
• Certified Anti-Money Laundering Specialist (CAMS) or similar designation, or a commitment to obtain such a designation within one year of being hired.
• 5+ years of relevant financial crimes experience, preferrable relating to AML/ATF compliance.
• Strong working knowledge of AML/ATF legislation and guidance from FINTRAC.
• Experience with AML/ATF applications such as Verafin or Navaera considered an asset.
• Proven analytical and problem-solving skills to analyze AML/ATF related alerts, data and patterns to identify money laundering or terrorist financing risks.
• Sound knowledge and understanding of analysis principles, methodologies, tools, and techniques.
• Proven ability to make sound judgements based on analysis.
• Experience and/or knowledge in the use of technology-based AML/ATF monitoring software solutions, preferably Verafin or Navaera.
• Strong skills on Microsoft Office applications that includes but not limited to Excel, Outlook and PowerPoint etc.

Salary Range: $79,000 - $95,000

The salary range represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.

#LI-Hybrid

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.