Analyst, AML Enhanced Due Diligence

Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing!) family. Overall we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The AML/ATF department within Compliance is responsible for the management of the Bank’s AML/ATF risk through the implementation and monitoring of effective controls. The Analyst role is a multi-faceted one as responsibilities include conducting name screening, AML/ATF monitoring and testing routines, assessing unusual transactions, maintaining training and administrative records and providing support and guidance to the AML team and the business units. The environment is fast-paced and requires effective time management of multiple tasks and projects.

The Core Responsibilities!

• Perform daily name screening of new and existing clients and analyzes hits resulting from the Bank’s client name screening process to identify potential customer name matches to individuals/entities on the Canadian sanctions and Terrorist Designated Persons list (“Designated Persons”) and other persons who may be associated with financial crime or other area of reputational risk to the Bank. 
• Exercise sound decision making in approving or declining customer onboarding. 
• Assist in managing the Bank’s PEP, high-risk and de-market program. 
• Perform various reconciliation activities related to the Bank’s AML program. 
• Proactively identify trends and best practices to ensure compliance with regulatory requirements.
• Immediately escalate any issues, including system issues, to the Associate Manager. 
• Provide support in the implementation, oversight, and management of an effective EDD program. 

Let's Talk About You!

• Post-secondary education (diploma/degree) preferably in business or finance. 
• Have a minimum of 3 to 5years’ experience at a regulated financial institution. Preferably exposure to regulatory compliance, risk management disciplines and best practices. 
• Working knowledge of regulatory requirements for AML/ATF and sanction risks and systems, industry best practices and/or organizational goals for AML/ATF typologies and recommend continuous improvements to processes and tools to meet these requirements. 
• Analysis, testing and/or previous AML/ATF, name screening and mortgage lending experience considered an asset. 
• Advanced Excel skills specifically ability to create macros, v-lookups and add programming where required. 
• Ability to organize and compile data to produce metric reports.
• Strong analytical and research skills; ability to organize and bring order to data and information, drawing conclusions and making appropriate recommendations. 
• Ability to multi-task and prioritize to meet deadlines. 
• Excellent interpersonal skills with the ability to work individually or as part of a team. 
• Excellent verbal and written communication skills with the ability to respond in a clear, concise and professional manner. 
• AML designation (CAMS) is preferred. 
• Strong attention to detail with the ability to review one’s own work. 
• Proven analytical and problem-solving skills. 
• Bilingualism is an asset (English and French). 

What we offer [For full-time permanent roles]

💰 Competitive discretionary bonus 

✨ Market leading RRSP match program

🩺 Medical, dental, vision, life, and disability benefits

📝 Employee Share Purchase Plan

👶🏽 Maternity/Parental top-up while you care for your little one

🏝 Generous vacation policy and personal days

🖥 Virtual events to connect with your fellow colleagues

🎓 Annual professional development allowance and a comprehensive Career Development program

💛 A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!