AML Alerts Review Team Leader

Are you looking for a supportive and collaborative workplace with great benefits and clear career development? You’ve come to the right place.

Why choose Manulife?

• Competitive Salary packages and performance bonuses

• Day 1 HMO + FREE coverage for your dependents (inclusive of same-sex partners)

• Retirement savings benefit

• Rewarding culture that values wellness and well-being

• Performance Bonus

• Global network of industry experts

• Extensive training resources

Job Description:

We’re looking for a AML Alerts Review Team Leader to join our Integrated Compliance Services First Line of Defense team at MBPS. In this role, you will manage and coordinate the team's daily operations by prioritizing alerts and cases according to their due dates. This role also handles AML complex alerts and acts as the team's point of contact for inquiries from analysts, identifying, troubleshooting, and resolving day-to-day operational issues. Having strong leadership skills and support the manager and tower lead in executing strategic initiatives of ICS.

Have the skills and knowledge for the job? Learn more about the opening below!

Key Accountabilities:

Leadership:

• Coordinate resources and set daily priorities to meet operational objectives.

• Serve as a process expert and handle escalations in a timely manner.

• Review, collect, and summarize quality control and business reports monthly.

• Provide performance coaching for team members.

• Train new hires and prepare process documentation.

• Conduct or assist with timely and constructive performance evaluations.

• Collaborate with leaders and managers to ensure talent development of team members and enhance team engagement through the execution of ICS initiatives.

• Present baseline review of the team’s process for Business Unit to discuss key opportunities and recommendation.

Individual Contributor:

• Handle complex daily AML Alerts, Transaction Monitoring, Name Scanning and AML data admin task.

• Act as the team's backup for handling daily alerts.

• Review Case Management for MBC DOT Fraud Cases and alert creation of STR (Suspicious Transaction Report).

• Investigate Incoming Foreign wire transfers and Third-party payment on a weekly basis to know the country conducting the transaction and relationship and source of funds for third party payor.

• Assist in the preparation of reports for regulatory bodies and internal stakeholders; example reports include Large Cash Transaction Reports, Electronic Funds Transfer Reports and Suspicious Transfer Reports.

• Ensure accurate case management and record keeping protocols are maintained with regards to regulatory filing requirements.

Key Shared Accountabilities:

• Use judgment and knowledge of money laundering patterns to assess whether transactions are suspicious; conduct investigations and make recommendations as to the appropriate course of action; draft suspicious transaction reports where required.

• Investigate and assess the risk of alerts identified by Manulife’s customer risk assessment tools.

• Maintain proper records and audit trail of investigation activity and disposition actions for all alerts.

• Prepare case reports for review outlining the depth of investigation activity, risk assessment, and recommended remediation actions.

• Prepare FINTRAC regulatory reporting within prescribed timeframes to ensure compliance obligations are met and financial penalties are not delivered by regulator.

• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends. Assist in identifying systemic procedural weaknesses and additional training enhancements for Offshore AML Team with a particular focus on unusual activity.

Qualifications:

• Educational and Professional Background: A bachelor's degree in Accounting, Legal, Finance, Business, or related fields is required. At least 2 years of relevant experience in a leadership role with a compliance background is essential.

• Leadership and Team Management Skills: Strong leadership skills are necessary to coordinate resources, set priorities, and manage day-to-day operations. Experience in coaching, training new hires, and conducting performance evaluations is important.

• Analytical and Problem-Solving Abilities: Strong problem-solving and decision-making skills are critical for handling complex AML alerts and transaction monitoring tasks. Ability to assess risk and make recommendations based on investigations is required.

• Communication and Interpersonal Skills: Excellent oral and written communication skills are needed to convey complex issues to staff and management. Strong relationship and client management skills, along with a professional attitude and client service orientation, are crucial.

• Technical Proficiency and Adaptability: Technologically savvy with proficiency in Microsoft Office tools (Word, Excel, and PowerPoint) is necessary. Ability to work independently and collaboratively in a fast-paced environment, along with readiness to work onsite or remotely, is required.

Let's make every day better together. Learn about our opportunities at JOBS.MANULIFE.COM

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].

Hybrid