Vacancy Status: This is an existing positionTarget Salary Range: $56,760- $70,000The compensation for this position is determined by a combination of skills, experience and is aligned to the market in which the job is posted. Your recruiter will provide additional details about our total rewards package during the hiring process.Scope of PositionThe AML/ATF Officer will be responsible for the daily transaction review and analysis as relates to Money Laundering and Terrorist Financing. The Officer will work closely with all relevant parties to obtain and share information and be a support and SME as required. They will complete all FINTRAC transaction reporting, analysis and execute the risk based ongoing monitoring and control testing plan. They will provide daily support to Alterna to maintain and enhance the effectiveness of compliance.Major ResponsibilitiesComplete all FINTRAC transaction reportingManage records of Large Cash Transaction Form submissions and Large Wire Transfer submissions from branchesReview / Secondary Review of transaction reportsComplete FINTRAC reportsEnsure internal tracking reports are completed on time and accuratelySubmit the reports after the secondary review is completedTransaction Analysis, Investigation, ReportingTransaction reports as they are produced.Reportable transactionssubmittedby branch and clearing opsNew account reports as they are produced.Investigate AML/ATF and Watchlist alerts generated byVerafinInvestigate all items deemed suspicious from analysis as well as those referred directly by other Alterna employees.Liaise with other departments asrequiredto perform independent investigation.Apply AML/ATF transaction analysis principlesAll investigations follow a documented approach through the case management process onVerafin.Completeall FINTRAC reportsReview Alerts generated byVerafin,



create a case and investigate all itemsdeemedsuspiciousDaily Transactionalanalysis toreviewand assessHigh,Mediumand Low risk clientsReviewKYC documents at account openingstageLiaiseand supportother departments asrequiredand perform independent researchReview PEDPs, PEFDs, HIOReview regulatory transaction reports to ensure required documentations are compiled and savedDraft Casereports for Team Lead's reviewSubmit theSuspicious Transaction Reports afterfull investigationforsecondaryreviewProvide daily support to AlternaCredit Union and BankRespond to queriesreceived by phone or emailSupport team leaders, branch managers, andcallcentreon AML compliance issuesExecute the risk based ongoing monitoring strategyComplete documented comprehensive member/customer/product/business process analysisReport reviewand analysisDocumentation review/updateand processProcess reviewDetailed sample reviewComplete reportQualificationsEducation / Certifications / ExperiencePost-Secondary education in a related field (business, law, economics, criminology) or equivalent experience1-3 years of AML experience or similar role1-3 years of banking industry experienceSuccessful completion of the Certified Anti-money Laundering Specialist examor similar certification, an assetKnowledge or Completion of banking/investment industry courses,an asset.Knowledge or Completion of Audit related courses/certifications,an assetKnowledge or Completion of Risk management related courses/certifications,an assetLeadership experience considered and assetKnowledge / SkillsDemonstrates strong critical thinking skills to analyze information, evaluate options,



and make sound decisionsExperience and knowledge with Alterna processes and controlsis an assetGeneral working knowledge and understanding of all regulations affecting the Credit Union and Bank.Good Knowledge in AML/ATFCAMS certified considered an assetAbout Alterna SavingsAlterna Savings and Credit Union Limited (Alterna) has delivered The Positive in Banking ® for over 115 years creating financial services that transform lives for the better, all while giving back to our community. Alterna is made up of Alterna Savings and Credit Union Limited and its wholly owned subsidiary, Alterna Bank.Alterna is the first full-service, member-owned cooperative financial institution outside Quebec, sharing its expertise with over 210,000 members through a network comprised of 40 branches across Ontario, a call centre and multiple digital channels. Members and customers also benefit from an industry-leading online brokerage and investment management services.We are incredibly proud of our corporate culture, embodying our core values: Collaboration, Integrity, and Respect, where everyone works together towards a common goal; the financial wellbeingof our employees, members, and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for nine consecutive years.We appreciate all applicants; however, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.Alterna is compliant with the Ontarians with Disabilities Act and our team strives to provide an accessible accommodation experience. If you have a disability and require accommodations during the recruitment process, please contact our Recruitment Team and let us know how we can accommodate you.Alterna does not currently use Artificial Intelligence (AI) to screen, assess, or select applicants

📌 Aml/Atf Officer (Toronto)
🏢 Alterna
📍 Toronto