Compliance Specialist I

Posting #: 25-93

Location: Kitchener/Sault Ste. Marie (Hybrid)

Reports to: Manager, Compliance

Department: Risk

Job Type: Regular, Full-time

Are you a community-minded person that’s passionate about investing locally and giving back to your community? Do you like working with other awesome and like-minded people toward a common goal?

Here at Your Neighbourhood Credit Union (YNCU), we are all about putting our money where our mouth is and keeping our dollars local and investing back into our members, staff, and community; and we are looking for people like you to join our team.

JOB SUMMARY:

The Compliance Specialist will work collaboratively with the Compliance Manager to maintain, continuously improve, implement, and monitor the Credit Unions AML/PCMLTFA/Compliance programs and projects as directed.

DUTIES AND RESPONSIBILITIES:

• Reviewing daily transactions for unusual patterns, conducting preliminary investigations, using sound judgement for risk levels and required reporting and escalating unusual patterns to the Compliance team.
• Conducting Know Your Client (KYC) checks and implementing enhanced due diligence (EDD) for high-risk clients, and participating in periodic risk assessments to understand client risk.
• Ensuring the organization's AML/ATF program adheres to all applicable laws and regulations, e.g. FINTRAC’s PCMLTFA
• Preparing and submitting various reports to regulators, such as Suspicious Transaction Reports (STRs), Electronic Funds Transfer Reports (EFTR)
• Assisting in the development, maintenance, and enhancement of AML/ATF program policies, procedures, and risk assessment methodologies.
• Utilizing risk assessment tools and software (Navaera, Central1),and assisting with the implementation and testing of AML system enhancements.
• Ability to identify high-risk scenarios and unusual transactional patterns
• In-depth understanding of FINTRAC regulations, and best practices.
• Ability to clearly communicate findings and compliance requirements
• Other duties as assigned

QUALIFICATIONS:

• Post-secondary degree in business or a related field with one (1) plus years of related experience in risk management is required and overall experience of two (2) plus years is preferred.
• Strong analytical/statistical skills with a high degree of knowledge using spreadsheet software (Excel).
• Must be bondable

Why work at YNCU?

YNCU employees get to be a part of the growing credit union movement and help us get the word out on why banking locally is so important. We’re your friendly, helpful, and financially savvy neighbour who provides tailored financial services to our members, supports small businesses, creates local jobs, and gives back to causes that matter. Through our Good Neighbours Employee Volunteer Program and Monthly Staff Donation Draws, we even let you choose the causes we donate to and support. YNCU is recognized for the following:

· Certified Ontario Living Wage Employer

· B Corp Certified

· Flexible work arrangements once fully oriented

· Competitive Compensation, Incentive Programs and Benefits

· Remote/working from home hybrid option once fully oriented

· 37.5-hour work week

· 7% matching pension

· Benefits are 100% paid for by YNCU

· Employer under The Career Directory (2023): Canada’s Best Employers for Recent Graduates

· 2023 Canada's Healthy Workplace Month Great Employer Award

· Wellness Initiatives including our Employee and Family Assistance Program, premium membership for Calm, Consult+, and LIFT Virtual Fitness

· Training and Development Opportunities

· Community Sponsored Events Employee and paid Volunteer opportunities

· Opportunities to get involved with fun and meaningful committees

· Free banking account

· Discounted Employee Rates

YNCU strives to be a diverse workplace reflective of the communities that we live in. We are committed to a diverse workforce and invite everyone to apply. YNCU makes hiring decisions solely on qualifications, merit, and business needs at the time.

YNCU is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, colour, sex, gender, religion, sexual orientation, national origin, disability, pregnancy, or any other protected characteristic as outlined by national, provincial, or municipal laws. This applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, leave of absence, compensation, benefits, and training.

Your Neighbourhood Credit Union will provide accommodations for persons with disabilities, where needed, to support their participation in our recruitment process. Please contact Human Resources at [email protected].

Job Types: Full-time, Permanent

Benefits:

• Company events
• Dental care
• Disability insurance
• Employee assistance program
• Extended health care
• Life insurance
• On-site parking
• Paid time off
• RRSP match
• Vision care
• Wellness program
• Work from home

Work Location: Hybrid remote in Kitchener, ON N2P 2N4