Manager, Financial Intelligence Unit

Posted 3 days ago

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Job Details

Full Time

Location

Canada

Job Description

Location(s): Toronto (GTA)
Job Type: Full Time
myWork Options: In-person, Hybrid
Starting Salary Range: $80,800-$105,000
Background Screening Requirement:

Enhanced Criminal Record Check

Credit Check

Identity Verification

Employment Verification

References

What's the job?
The Manager, Financial Intelligence Unit, plays a leadership role in the department while contributing subject matter expertise on AML/ATF-related matters. This role manages the daily operations of the Financial Intelligence Unit (FIU) within the Financial Crime Management (FCRM) department. This role supports operations and investigation functions, including developing and running transaction monitoring and corresponding alerts adjudication, investigations and regulatory reporting, including Large Cash Transaction Reports, Electronic Funds Transaction Reports and Suspicious Transaction Reports to FINTRAC. The Manager will support the Supervisor, FIU and Investigators in their adjudication efforts and regulatory obligations, ensuring performance is maintained and addressing performance challenges when required.

What you'll get to do:

Leads and supports the FIU's strategy by monitoring the timely adjudication of alerts to meet internal SLAs and ensuring the timely reporting of all threshold reports to FINTRAC. This includes large cash transaction reporting, electronic funds transfer, and suspicious transaction reporting.

Oversees and manages technology and vendor relationships to ensure teams are trained on regulatory requirements and report all threshold activities on time.

Ensures Coast Capital meets its regulatory expectations by supporting projects and initiatives as a subject matter expert where there is an impact on the Financial Intelligence Unit and its existing processes and reporting requirements.

Supports business partners with tuning and testing technology systems to monitor, detect, prevent and report financial crime and associated regulatory risks, particularly supporting rule development and test cases.

Continually and proactively assesses AML/ATF-related activities and the effectiveness of department-level procedures and makes recommendations for improvement to the Senior Manager, FIU and the CAMLO.

Ensures the team is appropriately trained, providing timely feedback and coaching to address gaps, new regulatory developments or enhancements as needed. Also, all departmental procedures and job aids are current and in line with regulatory requirements.

Supports reporting to management and the Board on all aspects of the FIU, including any statistics to reflect the current state of the FIU and in relation to the AML/ATF program.

Who are we looking for?

Bachelor's Degree in business or related areas

4 - 6 years of professional experience or a combination of Experience/Education: Subject matter expert in AML/ATF and/or sanctions with proven experience and knowledge working within Canadian Regulatory standards (OSFI) in the financial services industry, including experience in AML/ATF systems and controls.

Managerial experience for a minimum of 4 years.

Direct experience in Managing teams responsible for Alert Adjudication and AMLATF Investigations.

Professional certification from ACAMS and/or ACFCS is preferred.

Proficient and relevant knowledge of Canadian AML/ATF and sanctions regulatory requirements, including industry engagement to keep abreast of trends and best practices.

Expertise in Canadian AML/ATF legislation, related regulations and guidelines.

Strong ability to develop procedures and processes and work with stakeholders to support implementation and operationalization.

Strong analytical and problem-solving skills, including leading the resolution of any identified gaps and audit issues.

Ability to identify emerging risks, conceptualize their impact, and initiate appropriate action to manage them.

Demonstrated effective managerial skills by leading by example and empowering teams to excel.

Demonstrated ability to develop people through coaching/mentoring to help drive high performance.

Good oral and written communication skills and the ability to develop and maintain strong relationships with internal and external stakeholders.

Dedicated leader and team player, ability to develop goals and team plans and communicate same to the team to ensure all members are clear on goals and objectives.

Equity, Diversity & Inclusion at Coast Capital
Don't meet every single requirement? At Coast Capital, we believe everyone has potential. We are committed to building better, brighter, more inclusive futures for everyone - including our employees. We see the potential in our employees to achieve amazing things and want to invest in your future. If you're excited about this career opportunity and your experience may not perfectly align with every qualification in this job posting, we still encourage you to apply. You may be just the right candidate for this or other opportunities at Coast Capital.

At Coast Capital, we are committed to equity, diversity and inclusion. We strongly encourage applications from Indigenous Peoples, Black, and racialized persons, persons with disabilities, people of diverse sexual and gender identities and women. We value applicants who have demonstrated a commitment to equity, diversity and inclusion and recognize that diverse perspectives, experiences and expertise benefit of our employees, our members, and our community.

We strive to provide an accessible candidate experience for our candidates with different abilities. If you require any accommodations, please contact accessibility@coastcapitalsavings.com or call 778-391-5836. We will work with you to meet your needs.

Why join Coast Capital Savings?

Purpose is our North Star. We look at everything through our purpose. It informs the advice we provide our members, the experiences and products we create, and the programs we build to support our employees and communities.

Committed to inclusion and engagement. We have an ongoing focus on equity, diversity, and inclusion and routinely track how we're doing, and what we need to do to keep improving. We foster a culture where everyone can feel safe to be who they really are and thrive.

A career that grows with you. We believe in developing our people and promoting from within. Many employees have spent decades, and sometimes their entire careers, with Coast Capital and have progressed from the frontlines to senior leadership.

Work where you're most effective. In 2020 the world changed, and that includes how we work. In response to COVID-19 we launched myWork, which gives employees flexibility in where they work based on the nature of their role.

Benefits that flex to the needs of you and your family. We offer comprehensive, customizable benefits for you and your family, so you can choose what fits best for you and your lifestyle.

Retirement options. We also take care of our employees once they retire. That's why we offer the choice of a defined contribution or defined benefit pension plan or RSP's.

Mortgage and auto financing benefits. Employees save thousands on their mortgages and auto loans with best-in-category benefits.

Real Recognition. We recognize excellence throughout the year, through an online community that lets employees give kudos and thanks throughout the year. We're human, which means we like to have fun with events, celebrations, and recognition throughout the year.

An award winning culture. We're a Platinum member of Canada's Best Managed Companies and are regularly recognized by Canada's Most Admired Corporate Cultures and the BC Top Employers Awards.

We reinvest 10% back into the community. When we do well, our communities do well. That's why since 2000 we've invested over $90 million into our member's communities.

Double your impact. Through our employee volunteer program, Coast Capital donates $10 for every hour you volunteer to a Canadian charity or non-profit of your choice.

D&I at Coast At Coast Capital, we value diversity, equity and inclusion. We're not all the same and we like it that way. We don't just accept differences - we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills.

About Coast Capital Savings

Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution.