Senior Advisor, Compliance (AML)

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 People Management Experience Requirements 0 year(s) Professional Certification/Membership Requirements Required: CAMS designation Language Requirements Required: English, Korean 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 If this job requires managing a budget, please specify the size of the budget and the scope of the budget N/A Communication Requirements Internal: with Senior Management, Oversight functions, Parent bank as required External: FINTRAC and any other regulators wherever required. Work Environment, Demands Office environmentFrequent use of computersNo heavy lifting required