Compliance Specialist I
Posting #: 26-57
Location: Hybrid, Kitchener, Toronto or Sault Ste. Marie
Reports to: Manager, Compliance
Job Type: Temporary Full-Time (approximately one year until July 2027)
Are you a community-minded person that’s passionate about investing locally and giving back to your community? Do you like working with other awesome and like-minded people toward a common goal?
Here at Your Neighbourhood Credit Union (YNCU), we are all about putting our money where our mouth is and keeping our dollars local and investing back into our members, staff, and community; and we are looking for people like you to join our team.
The Role
The Compliance Specialist will work collaboratively with the Compliance Manager to maintain, continuously improve, implement, and monitor the Credit Unions AML/PCMLTFA/Compliance programs and projects as directed.
- Reviewing daily transactions for unusual patterns, conducting preliminary investigations, using sound judgement for risk levels and required reporting and escalating unusual patterns to the Compliance team.
- Conducting Know Your Client (KYC) checks and implementing enhanced due diligence (EDD) for high-risk clients, and participating in periodic risk assessments to understand client risk.
- Ensuring the organization's AML/ATF program adheres to all applicable laws and regulations, e.g. FINTRAC’s PCMLTFA.
- Preparing and submitting various reports to regulators, such as Suspicious Transaction Reports (STRs), Electronic Funds Transfer Reports (EFTR).
- Assisting in the development, maintenance, and enhancement of AML/ATF program policies, procedures, and risk assessment methodologies.
- Utilizing risk assessment tools and software (Navaera, Central1),and assisting with the implementation and testing of AML system enhancements.
- Ability to identify high-risk scenarios and unusual transactional patterns.
- In-depth understanding of FINTRAC regulations, and best practices.
- Ability to clearly communicate findings and compliance requirements.
- Other duties as assigned.
This position is for an existing vacancy within our team.
What we are looking for:
- Post-secondary degree in business or a related field with one (1) plus years of related experience in risk management is required and overall experience of two (2) plus years is preferred.
- Knowledge of financial services industry considered an asset.
- Strong analytical/statistical skills with a high degree of knowledge using spreadsheet software (Excel).
- Well-developed writing skills, sufficient to prepare material involving interpretation, analysis, assessment and reports.
- Strong planning, organizational and time management skills.
- Excellent interpersonal and communication skills.
- Superior customer service ability.
- Must be bondable.
Why work at YNCU?
YNCU employees get to be a part of the growing credit union movement and help us get the word out on why banking locally is so important. We’re your friendly, helpful, and financially savvy neighbour who provides tailored financial services to our members, supports small businesses, creates local jobs, and gives back to causes that matter. Through our Good Neighbours Employee Volunteer Program and Monthly Staff Donation Draws, we even let you choose the causes we donate to and support. YNCU is recognized for the following:
- B Corp Certified
- Competitive Compensation, Incentive Programs and Benefits
- 37.5-hour work week
- 7% matching pension
- Benefits are 100% paid for by YNCU
- Wellness Initiatives including our Employee and Family Assistance Program, premium membership for Calm, Consult+, and LIFT Virtual Fitness
- Training and Development Opportunities
- Community Sponsored Events Employee and paid Volunteer opportunities
- Opportunities to get involved with fun and meaningful committees
- Free banking account
- Discounted Employee Rates
Salary range: $59,000-$64,000
The compensation offered to the successful applicant for this role will be determined by the candidate’s relevant skills and experience and internal equity. More information about our total rewards package will be available during the hiring process.
To be considered for this opportunity please apply at https://careers.yncu.com/compliance-specialist-i.
YNCU strives to be a diverse workplace reflective of the communities that we live in. We are committed to a diverse workforce and invite everyone to apply. YNCU makes hiring decisions solely on qualifications, merit, and business needs at the time.
YNCU is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, colour, sex, gender, religion, sexual orientation, national origin, disability, pregnancy, or any other protected characteristic as outlined by national, provincial, or municipal laws. This applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, and training.
Your Neighbourhood Credit Union will provide accommodations for persons with disabilities, where needed, to support their participation in our recruitment process. Please contact Human Resources at [email protected].
Pay: $59,000.00-$64,000.00 per year
Benefits:
- Casual dress
- Company events
- Company pension
- Dental care
- Disability insurance
- Employee assistance program
- Extended health care
- Flexible schedule
- Life insurance
- Store discount
- Vision care
- Wellness program
- Work from home
Work Location: Hybrid remote in Kitchener, ON N2P 2N4
