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:

The Team Lead AML/ATF Operations is responsible for providing clients with exceptional AML/ATF & Sanctions related services to protect them against regulatory compliance risks, and supporting the Senior Manager Financial Crime Compliance operations in maintaining an effective/efficient business operation.  The team lead will be responsible for workflow coordination for 4+ analysts and investigators. This includes performing operation oversight on their day-to-day work and supporting management on quarterly/monthly Credit Union’s management reports. There is also an operational component to the role. The Team Lead also conducts operational work, assisting with higher level projects. This could include items such as Quality Assurance, Risk Assessments, and audit remediation.

What you'll be doing:

EDD and Transaction Monitoring

• Analyze alerts using a variety of data to identify money laundering and terrorist financing concerns. Escalate as appropriate for further investigation and the possible reporting of them to FINTRAC in accordance with defined processes and legislation
• Assist and support with AML/ATF related enquiries received from credit unions.
• Prioritize and conduct comprehensive EDD review 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
• Support the fulfillment of necessary reporting requirements by ensuring accurate documentation, timely disposition, and provision of critical information
• Writing accurate, high quality Suspicious Transaction Reports 
• Assisting with ad hoc high level projects such as Risk Assessments

Workflow Coordination, Supervision and Team Performance Management

• Prepare periodic management and performance reports for clients and C1 management
• ​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
• Acting as backup for the team as required
• Provide support, guidance, performance review on a regular basis to the AML/ATF Analysts and Investigators.
• Mentoring and leadership of Senior Investigators
• Provide input on participating credit union’s AML/ATF software to improve effectiveness and efficiency. 
• ​Perform other ad hoc activities as assigned to support the goals, objectives and priorities of the Senior Manager Financial Crime Operations.

Change & Innovation

• Make recommendations to Senior Manager and senior leadership for the enhancement of operation processes.
• Maintain an understanding of money laundering, terrorist financing, and sanctions 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.
• 2+ years of people management experience.
• 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 in Microsoft Office applications, including but not limited to Excel, Outlook and PowerPoint.

Soft skills:

• Highly collaborative.
• Strong ability to communicate effectively both orally and in writing with clients, technical teams, external partners, and internal partners.
• Solid ability to conceptualize, develop and present new ideas, approaches, and solutions.
• Strong ability to make sound decisions.
• Exceptional attention to detail and accuracy.
• Exceptional ability to work independently.
• Excellent organizational skills, including prioritizing, scheduling, time management, and meeting deadlines.
• Strong ability to supervise through cooperation, guidance, and instruction.

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.