Company: Meridian Credit Union
Location: Etobicoke, ON
Expected salary:
Job date: Sun, 13 Apr 2025 03:30:51 GMT
Job description: Description :About this opportunityAt Meridian our aspiration is to integrate our purpose into everything we do for people, the planet, and communities. We believe that our greatest opportunity is to create opportunity and meet people where they are.This role, reporting to the Manager, AFC Program, will use their subject matter expertise to provide insights to aid in the delivery of an effective and compliant AML Compliance Program, in line with policy, risk appetite and appropriate standards. This role will support the development and implementation of controls, policies and procedures, strategies, scorecards, monitoring and guidance for Meridian’s AML & ATF Compliance Program.This role will represent the AFC Project Team on enterprise initiatives and will participate and lead internal team initiatives to develop and enhance Meridian’s AFC program.Key ResponsibilitiesEnterprise Projects
- Represent the AFC program on enterprise initiatives, acting as the key point of contact across enterprise projects.
- Make decisions autonomously and handle questions from project stakeholders with minimal direction.
- Support the development and testing of business requirements within projects so that AML risks and requirements are adequately met.
- Provide research and insight into industry AML compliance practices, document them, and present key findings to stakeholders.
- Identify areas of money laundering and terrorist financing risk within projects and initiatives and work with the AML Compliance team and business owners to ensure adequate controls are in place.
- Communicate project status, developments, and issues with leaders proactively.
- Drive organizational alignment towards sound policy and process development.
- Identify system enhancements to improve AML compliance and take the lead to implement those enhancements.
- Ensure that appropriate AML compliance controls and infrastructure are present within any industry tools or outside vendors that are engaged through these initiatives.
- Achieve buy-in from stakeholders through sound analysis and effective and clear
- Enhance AML risk rating, event generation and other controls as appropriate where new initiatives result in an altered risk assessment (Member, Products, Services, Delivery Channels, Geographic, Transactional).
AFC Program
- Identify enhancements to detection systems and strategies, coordinate implementation with business and technology partners, and perform post-implementation tracking.
- Provide support in the maintenance of appropriate AFC training programs.
- Support the AFC teams as required to execute on the annual plan and achieve department goals and key performance indicators.
- Support preparation for FINTRAC compliance examinations or bi-annual internal compliance reviews and the development of appropriate responses to findings and related recommendations.
- Provide AML expertise & consultation to business partners to respond to, or proactively identify, opportunities to improve controls.
- Identify and assess industry tools which can advance the AFC program.
Knowledge, Skills, and Abilities
- Strong understanding of money laundering risks, detection, and mitigation strategies, gained through a combination of experience, self-directed research to keep up with industry trends, and ongoing formal professional development.
- Highly developed analytical and problem-solving skills.
- Experience with data manipulation software such as SQL or SAS is beneficial.
- Strong presentation and negotiation skills, engaging with a variety of audiences, with well-constructed arguments. Comfort presenting to a broad audience of stakeholders, and confident to defend positions in discussion. Able to formulate and present the story depending on the audience.
- Able to draft analysis reports with clarity and present information in an easy-to-understand manner.
- A proven ability to plan, organize, and prioritize multiple simultaneous assignments and competing priorities within time constraints.
- Ability to see the big picture and foresee future requirements and risks. Ability to identify impacts that decisions, requirements, and strategies on current initiatives will have on existing operational needs, and future projects and initiatives.
- A strong team player who can lead initiatives and programs and the drive to develop solid working relationships across various lines of business and channel owners.
- Excellent written and verbal communication skills.
- Comfortable learning from a variety of sources including specifications and technical documents. Ability to identify information required to generate a position and locate the appropriate information to drive decision making.
- An understanding of the requirements of FINTRAC’s guidelines
- Strong proficiency with Microsoft’s Office Suite
Education, Designations, Training, and Experience
- Relevant Post-Secondary education or equivalent experience.
- CAMS, CFE, CFCS or other relevant designations are an asset.
- Experience in Commercial Banking is an asset.
Office Location: 3330 Bloor Street West, Toronto OR 75 Corporate Park Drive, St. Catharines. This is a hybrid work opportunity.Meridian has a remote work policy that allows flexibility for employees to work remotely but also requires a minimum of semi-monthly regular time in the office for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is important to us.What’s in it for you?
- We have an inclusive and collaborative working environment that encourages teamwork, creativity, curiosity, and celebrates success!
- We provide you with the tools and technology needed to delight your candidates and clients!
- You will get to work with and learn from diverse industry leaders and colleagues, who have hailed from top organizations.
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues.
- This is not your typical “corporate” job. We work hard and we have fun!
Who we are:Meridian is Ontario’s largest credit union, and second largest in Canada, helping to grow the lives of our more than 380,000 Members. Meridian has more than 80 years of banking history and is 100% owned by its members. With 87 retail branches and 15 Business Banking Centers across Ontario and $ 32B in assets under management, Meridian offers a full range of financial products and services to its retail, business banking and wealth members. With over 2200 employees and corporate offices located in Toronto and St. Catharines, Meridian has a track record of creating and delivering innovative new offerings and is committed to investing in the communities that we serve. Our plan is to build on our momentum as we deliver on our purpose – helping our members achieve their best life.Find our story here:Experience the Difference!Meridian committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.Please note that due to the volume of applications, only those under consideration will be contacted for an interview.Thank you for your interest in Meridian Credit Union.Follow us on Twitter at#LI-TJ1#LI-HYBRID
