Sr. FIU Analyst

MCAP at a Glance

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Role

Reporting to the Manager, FIU Intake Operations, this position will play a key role in ensuring regulatory AML/ATF compliance and fraud prevention across MCAP. In this role, the incumbent will be involved in all compliance elements of the AML/ATF program, including the review of unusual transactions, drafting suspicious transaction reports, conducting due diligence reviews, on-boarding processes, assessing and monitoring high risk clients, and more. By following established policies and procedures for AML/ATF and potential fraud identification, this role will conduct advanced analysis and monitoring activities in support of MCAP’s obligations as it relates to applicable regulations, contractual agreements and MCAP’s focus on money laundering activities and internal and external fraud risk.

• This role is the back-up function to the Manager, FIU Intake, and will be called upon to learn, understand and regularly execute elements of that mandate.
• The Sr. FIU Analyst is mandated to contribute to the overall success of FIU Operations by ensuring the goals, plans, initiatives, and programs are executed and delivered in support of the team’s business objectives.
• Champion a customer focused culture to deepen client relationships and leverage broader MCAP relationships, systems, and knowledge.
• Train in aspects of the Manager, Intake Operations role to provide support and back-up responsibilities as required.
• Follow established written procedures and guidelines for transaction monitoring, conduct 2nd level investigations on escalated unusual customer activity that may have the potential for money laundering, terrorist financing or fraudulent activities and decision on next steps.
• Conduct escalated 2nd level reviews of potential sanctions reviews.
• Conduct ad hoc investigations as assigned by the Manager, Intake Operations.
• Oversee and sign-off on various transaction monitoring, compliance audit and high-risk client review activities.
• Independently investigate and disposition high risk and high complex cases for potential suspicious activity and refer urgent or higher risk cases to the Manager, FIU Investigations as required.
• As assigned, the Sr. FIU Analyst may be required to conduct in-depth reviews of cases/alerts with content relating to Single Family, Commercial and/or Construction clients. In these reviews, the individual will apply advanced research skills and expert knowledge of MCAP’s products/services and standard business practices to investigate and assess potential AML and operational risk exposures.
• Maintain customer enhanced due diligence reports.
• Manage KYC Audit process and reporting
• Prepare Suspicious Transaction Reports (ASTRS/STRs) as required by the investigations team.
• Complete politically exposed persons (PEP) reviews for management sign off.
• Maintain case records and related documentation for all information found throughout investigations, developing, and maintaining account files in a manner that will ensure compliance with department standards, as well as in accordance with regulatory requirements.
• Responsible for the collection and preparation of up-to-date AML/Fraud content for Policy Manual for Single Family.
• Support all MCAP lines of business with valuable insight and direction on escalated files as required.
• Identify and articulate continuous improvement opportunities to enhance effectiveness and efficiency of the program. Participate in the implementation process of identified opportunities.
• Contribute to the maintenance of the MCAP AML/ATF/Sanctions/Fraud Program Policies and Procedures.
• Maintain up to date knowledge of AML/ATF/Sanctions regulatory requirements to provide guidance to business partners regarding related processes and procedures.
• Actively participate in various AML/ATF/Sanctions/Fraud compliance initiatives.
• In accordance with the assigned role, the Senior FIU Analyst will be required to train and/or mentor other FIU Analysts.
• May be required to review client exit recommendations for reasonability, accuracy and completeness and further escalate to Management for approval.
• Respond to requests and concerns from various business units and other risk functions across MCAP in a timely manner.
• Understand how MCAP’s risk appetite and risk culture should be considered and applied in day-to-day activities and decisions.
• Contribute to a high-performance environment and help implement a people strategy that attracts, retains, develops, and motivates peers by fostering an inclusive work environment.
  
  

What You Bring To The Team

• Minimum 5 years in the field of residential mortgages with a focus on mortgage fraud, money laundering and terrorist financing detection
• Working knowledge and experience with investigative techniques and financial criminal trends
• Working knowledge of FINTRAC AML/ATF regulations
• In depth knowledge of the mortgage industry and life cycle.
• Proficient in risk management practices, fraud investigative procedures/prevention strategies and judicial processes relating to fraud prosecutions.
• Advanced analytical skills and the ability to review and organize large amounts of data and/or information. Utilizing strong open-source research and investigative skills.
• Comprehensive knowledge of AML/ATF practices for reporting entities and service providers.
• Advanced knowledge of Canadian and International regulatory statues and other reporting requirements.
• Knowledge of MCAP underwriting and servicing policies, procedures, and products, for all three lines of business.
• Proficient in Microsoft Office – Word, Excel, PowerPoint.
• Experience with PowerApps, SQL process & SharePoint
• Strong knowledge of internal procedures and policies to assist in analyzing situations, gathering information, and required documentation.
• Exceptional oral and written communication skills.
• Excellent organizational and time-management skills.
• Proven diplomacy, tact, decision making and negotiation skills.
• Strong interpersonal skills and the ability to interface with all levels of the organization.
• Strong analytical, problem-solving, and critical thinking skills.
• Strong customer service skills.
• Thorough understanding complex corporate structures, sanctions, and Politically Exposed Persons (PEP).
• Self-driven, motivated with the ability to work independently and in a team environment.
• Carries out duties with integrity and takes responsibility for actions.
• Work in a standard office-based environment; non-standard hours may be required to accommodate high priorities.
• High demand and fast-paced environment due to the frequency of urgent requests, time-sensitive work, competing priorities, and unexpected risk related operational situations.
• University Degree/College Diploma
• ACFI/ACAM’s designations
  
  

If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you!

Be A Part Of Something Great

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

Position #: req2062

Employment Status: Permanent Full Time

Location: Multiple Locations Available; Canada Wide

Number Of Openings: 1

Department: Enterprise Risk

Internal Job Title: Sr FIU Analyst

Salary Range: $65,500 - $75,500

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.