Anti‐Money Laundering (AML) Analyst

Position Name

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Position Description

Reporting to AML Compliance Officer, The AML Analyst provides support to the Bank’s AML function and plays a vital role in safeguarding the Bank, conducting investigations of potential money laundering or fraud, and implementing anti‐money laundering and anti‐terrorist financing initiatives. This position is based out of our Head Office in Saskatoon, Saskatchewan, which is located on First Nations land. We are open to remote, hybrid or in‐office work arrangements.

• This role is responsible for monitoring and analyzing financial transactions, identifying suspicious activity, and reporting potential threats to prevent money laundering and other financial crimes.
• Monitor client accounts and transactions for suspicious activity patterns that may indicate money laundering or terrorist financing.
• Monitor and analyze transactions using AML software and internal watchlists to identify red flags.
• Investigate the nature and purpose of suspicious transactions, gathering necessary information and documentation.
• Perform risk assessments, monitoring, testing and surveillance activities related to AML/ATF.
• Perform high risk member reviews and support ongoing monitoring procedures.
• Understand and apply knowledge of customer risk rating methodologies and triggers for escalation.
• Monitor, develop, and implement updates to Bank processes and systems to maintain compliance with new and changing FINTRAC guidance and standards.
• Support the AML Compliance team in addressing audit findings and implement corrective actions when necessary.
• Assist the AML Compliance Officer and CAMLO in the development, implementation, and review of AML/ATF policies, procedures and processes.
• Assist the AML Compliance Officer and CAMLO in compliance awareness and training programs for the Bank.

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About You 

• A strong understanding and experience in compliance
• Knowledge and experience using AML software such as Verafin
• Analytical skills, planning and organizational skills, interpersonal skills
• Communication – ability to organize and express ideas effectively using an appropriate delivery method
  including verbal, written and electronic
• Leadership – inspires a shared culture by keeping employees informed and working together
• Time management – effectively manages time and resources to ensure work is completed efficiently

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Qualifications Required

• 1 to 5 years’ experience working in a compliance‐related field
• ACAMS certificate in CAMS, CAFS, or CGSS considered an asset
• Remain current and maintain a strong understanding of Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) guidance and reporting standards
• Be accountable for compliance with applicable legislation and regulations

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Job Location

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