Senior Analyst, Financial Crimes

at  RFA Bank of Canada RFA Mortgages Corp

Date: November 7, 2024
Location: Toronto, ON
Company: RFA Bank of Canada
Job Type: Permanent
Closing Date: November 22, 2024
About RFA
Founded in 1996, RFA (Realty Financial Advisors) is a leading Canadian-owned real estate firm. Through RFA Bank of Canada and RFA Mortgage Corporation, RFA offers mortgage brokers a complete range of Prime and Alternative mortgage solutions.
RFA Bank of Canada, a division of RFA (Realty Financial Advisors), is a federally regulated Schedule I Bank. Our goal is to be a long-term leader in the residential lending market by offering more than just competitive rates and compensation. At RFA Bank of Canada, we focus on delivering a unique value proposition in the Alternative mortgage space, committed to innovation and exceptional service to meet a diverse range of borrower needs.
The Opportunity
We’re looking to fill a Senior Analyst, Financial Crimes position at RFA Bank of Canada!
Reporting to the Manager of Financial Crimes Operations, the successful candidate will be responsible for AML/ATF activities including adjudicating name screening & transaction monitoring alerts, investigating and escalating unusual transactions to mitigate ML/TF and sanctions risks.
Core Responsibilities

As an Senior Analyst, Financial Crimes, you will be investigating and analyzing financial transactions to detect, prevent, and report suspicious activities related to money laundering, fraud, and other financial crimes as assigned by the management within the timelines set out in the departments. Specific responsibilities include:

• Conduct detailed investigations of flagged transactions or accounts, gathering evidence and documentation to support findings.
• Use data analysis tools and techniques to detect patterns, trends, and anomalies in financial transactions that could indicate potential criminal activity.
• Prepare, review, and submit Suspicious Transaction Reports (STRs) in accordance with regulatory timelines.
• Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on high-risk customers.
• Investigate matches against sanctions list and transaction monitoring alerts escalated by Junior Analysts.
• Provide guidance and training to Junior Analysts on investigative techniques, regulatory requirement and industry best practices.
• Communicate effectively and efficiently within the AML team and with other departments e.g. Credit, Customer Service etc.
• Identify opportunities to improve AML processes, tools, and methodologies.
• Maintain an up-to-date understanding of money laundering and terrorist financing issues, including policies, procedures, legislation and regulations, industry best practice, criminal typologies and developing trends.
• Perform other responsibilities and assist with special projects, as required.

What You’ll Need to Succeed

• 3+ years’ experience in financial industry (preferably AML related)
• Sound knowledge of AML/ATF related processes
• Bachelor’s Degree Preferred
• Certified Anti-Money Laundering Specialists (CAMS) designation preferred

What Sets You Apart

• Timely management of multiple priorities while maintaining a high level of quality on all deliverables
• Good understanding of AML/ATF issues, specifically previous experience with alert and transaction monitoring activities
• Strong analytical skills required to organize and analyze multiple, complex data sets
• Strong communication skills (verbal and written)
• Self-starter with the ability to work with minimum supervision
• Computer Literate in MS Office applications

Our Values and What We Offer at RFA

At RFA, we live by our core values. These values guide our daily actions and shape our work culture:

• Accountability: You take ownership of your work & its consequences. You always consider risk & make informed decisions.
• Selflessness: You share info & teach others. You’re able to put your ego aside & understand that the best idea wins.
• Inclusivity: You value differing viewpoints & experiences. You understand how this can drive growth & innovation.
• Innovation: You seek opportunity & embrace change. You see tech as a way to enhance productivity & drive profitability.
• Courage: You make tough decisions in our best interest. You see opportunity when faced with challenge or adversity.
• Impact: You value results & your contributions. You rise to the occasion and never settle for sub-par.
• Performance: You embody a competitive spirit, desire to win and strive for executional excellence.

Along with a strong work culture, RFA offers a comprehensive benefits package, including:

• Health & Dental Care
• Vision Care
• RRSP Match
• Health & Wellness Spend
• Vacation & Personal Days
• Hybrid working environment

Ready to take the next step?
If this opportunity excites you and aligns with your skills and aspirations, we’d love to hear about how you can contribute to our team at RFA.
Accessibility
Accommodation is available upon request for applicants and employees with disabilities. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially

• Conduct detailed investigations of flagged transactions or accounts, gathering evidence and documentation to support findings.
• Use data analysis tools and techniques to detect patterns, trends, and anomalies in financial transactions that could indicate potential criminal activity.
• Prepare, review, and submit Suspicious Transaction Reports (STRs) in accordance with regulatory timelines.
• Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on high-risk customers.
• Investigate matches against sanctions list and transaction monitoring alerts escalated by Junior Analysts.
• Provide guidance and training to Junior Analysts on investigative techniques, regulatory requirement and industry best practices.
• Communicate effectively and efficiently within the AML team and with other departments e.g. Credit, Customer Service etc.
• Identify opportunities to improve AML processes, tools, and methodologies.
• Maintain an up-to-date understanding of money laundering and terrorist financing issues, including policies, procedures, legislation and regulations, industry best practice, criminal typologies and developing trends.
• Perform other responsibilities and assist with special projects, as required