Anti-money Laundering Investigator (Hybrid) - 20 Months Contract

TEAM LOCAL is hiring

Built on nearly 80 years of service in local communities, Prospera Credit Union is a community-based, purpose-driven organization that offers a full range of financial products and services. Prospera is one of the largest credit unions in British Columbia, with approximately $9.3 billion in assets and 120,000 members. With 24 branches, Prospera is proud to serve communities throughout the Lower Mainland, Fraser Valley and Okanagan. It's our vision to help build vibrant, healthy communities, thriving local enterprises and financially empowered people.

As a member of the Operational Risk Management department and subject matter expert, the AML Investigator will maintain a visible profile as a member of the business and professional community and is expected to be mobile and willing to travel to all branch locations. The AML Investigator ensures regulatory compliance within the organization are carried out in accordance with the established policies and procedures of the Credit Union, Financial Institutions Act and Regulations, FINTRAC and all other applicable provincial and federal legislation.

What you'll do:

• Completes comprehensive reviews on High-Risk clients including "know your client" updates at stated intervals.
• Submits Suspicious Transaction reports to FINTRAC and maintains supporting documents and case notes.
• Conducts reviews and makes recommendations on Unusual Transactions received through the line of business or escalated in the monitoring system.
• Conducts enhanced due diligence reviews and makes recommendations concerning the risk posed to Prospera by politically exposed persons (PEP).
• Responsible for the review of EDD alerts and escalated alerts in the monitoring system.
• Recommends and initiates customer de-markets.
• Completes the monthly Anti-Terrorism reports for signing and submission to the BCFSA.
• Completes quality assurance reviews on LCTR's and EFTR's reports submitted the AML analyst as required.
• Escalates any activity that pertains to fraud to the Loss Prevention team.
• Maintains current knowledge of best practices, legislative changes, and processes across financial and related industries.
• Provides interpretation and direction to management in operational areas, including policies and procedures. Reviews changes and updates to the procedure manuals. Analyzes procedures to reduce risk. Communicates with management regarding procedure upgrade requirements. Develops methods and procedures to enhance service and performance and to simplify operations.

What you bring:

• Minimum of 4 to 6 years' experience in a FINTRAC regulated service industry; particularly AML and Investigations field; or an equivalent combination of education and experience
• Sound understanding of policies, procedures, products and services and legal and economic environments within which the Credit Union operates.
• Intermediate computer skills including advanced knowledge of Microsoft Excel and other Microsoft Office programs.
• Demonstrated evidence of development, implementation and ongoing knowledge of security procedures, issues, trends, and risk management.
• Any of the following designations are an asset: Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), or Certified Financial Crimes Investigator (CFCI)

Prospera offers a total compensation package of base pay plus incentives that is market competitive and reviewed against the market annually. Starting salary is normally targeted around the middle of the posted salary range, and is determined based on the successful candidate's knowledge, experience and internal equity. Our expected hiring salary is $70,400 - $88,000.

Our Values

• Cultivate trusting relationships: We are local at heart, aligned in our purpose to help our members, communities, and team thrive.
• Empower and enable others: We give each other the space, trust, and tools to succeed.
• Lead with curiosity: We approach all circumstances with curiosity and a drive for continuous learning and improvement.
• Embrace change and execute with purpose: We plan with agility, take action, and pivot to deliver results.
• Thrive as One Team: We collaborate because it strengthens us.

What's in it for you?

Inclusive, equitable and accessible workplace: All team members are valued, respected and heard. We learn from each other's differences, gaining strength through our people and our perspectives.

Training and support. We set our employees up for success with training and continued support and access to resources throughout employment.

Career advancement! We're committed to our employees' growth and development and we want to see you soar.

Fun and camaraderie. We care deeply about our members and our employees, and we want the hours you spend with us to be fun, rewarding and sometimes lighthearted. We like to work hard, play hard, have fun and be there for each other.

Show me the money! We offer competitive pay, a personalized benefits program, and a generous defined contribution pension plan.

Community focused. We care about giving back to the communities we live, work and play in. We participate in many community minded activities throughout the year.

Our commitment to Diversity, Equity and Inclusion. Diversity, equity and inclusion is part of everything we do, and we're on a continuous journey to ensure every employee and members feels like they #BelongAtProspera.

If you require accommodation during any part of the recruitment process, please let us know.