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

TEAM LOCAL is hiring

Prospera Credit Union is a community-based, purpose-driven organization that offers our members a full range of financial products and services. As one of the largest credit unions in British Columbia, we help build vibrant, healthy communities, thriving local enterprises and financially empowered people. Prospera is proud to serve communities throughout the Lower Mainland, Fraser Valley and Okanagan.

As an AML Investigator, you 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)

What We Offer:

• Prospera offers a total compensation package of base salary plus incentives that is market competitive and reviewed annually. Our expected starting salary for this role is $70,400 to $88,000 based on the successful candidate’s knowledge, experience and internal equity.
• Flexible Work Program for some of our roles – ask us!
• Flexible Benefits Program – pick and choose what works best for you.
• Defined Contribution Retirement Plan – let’s start saving and keep your future in mind.
• Vacation, Wellness and “Prosperian” Days – paid time off to support your overall well-being.
• Professional development – come grow your career and develop your skills.
• A supportive, collaborative work environment- we’re proud to be a Great Place to Work certified organization.

Please Note: The successful candidate will be required to complete a background check which include criminal, credit, and reference checks. If you require accommodation during any part of the recruitment process, please let us know.