Investigator, Financial Intelligence Unit (Fiu) - Contract

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 370,000 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform ( eqbank.ca ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.
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 Investigator’s role is a multi-faceted one as responsibilities include conducting AML/ATF testing and monitoring routines, review alerts generated by the transaction monitoring systems, assessing unusual transactions, preparing, and submitting Suspicious Transactions Reports (STRs), and providing support and guidance to the business units. The environment is fast-paced and requires effective time management of multiple tasks and projects.
Please note that this is a 6 month contract role with a requirement to come to the Toronto office once a week on Wednesdays as this is a hybrid role.
The Work

• Immediately escalates any issues, including system issues, to the Senior Manager
• Prepare relevant reports with utmost accuracy including documentation to support the action following the outcome of the investigation.
• Proactively identifies best practices to ensure compliance with regulatory requirements.
• Promote and adhere to Equitable Bank’s policies and guidelines.
• Assists the AML Management by supporting new initiatives and requirements, as required.
• Maintaining accurate records of all investigative actions and decisions taken, and ensure all information obtained is treated with confidentiality and as per the legal and regulatory requirements.
• Identifies areas of improvement and makes recommendations to close gaps to the Senior Manager and communicates and works with business units to resolve identified gaps.
• Gathering information/intelligence from available sources to support the suspicion of money launder, financing of terrorism or other criminal activities.
• Support business units by providing advice on inquiries, escalations, and/or resolutions.
• Conduct a review and adjudicate alerts generated by the internal transaction monitoring systems.
• Conduct monitoring and testing routines of existing internal controls designed to detect unusual/suspicious activities and test for adherence to the Bank’s AML/ATF policies and procedures.
• Ensure investigations are completed within defined timelines.
• Planning, conducting, and completing risk-based investigations for alerts identified from adverse media, name screening against PEPs, sanctions, terrorism financing, UTRs etc.

Let's Talk About You!

• Proven analytical and problem-solving skills.
• Strong organizational skills, demonstrates ability to prioritize assignments, projects, and multi-task within restricted time constraints.
• Excellent interpersonal skills with the ability to work individually or as part of a team.
• Strong knowledge of retail banking products.
• Experience in drafting regulatory reports.
• Post-secondary education in business or finance with a minimum of 1 years of experience working within the AML field at a regulated financial institution in Canada.
• Strong attention to detail with the ability to review one’s own work.
• Proficient knowledge of Microsoft Office (Word, Excel, and PowerPoint) and internet/web navigation
• Strong knowledge of regulatory requirements for AML/ATF and sanction risk, industry best practices and/or organizational goals for AML/ATF typologies.
• Experience in adjudicating transaction alerts and monitoring for retail banking an asset.
• Excellent verbal and written communication skills.

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, personal days and even a moving day
🖥 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
The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
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!