Senior Risk and Compliance Analyst at PenFinancial Credit Union

Welland, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

15 Feb, 26

Salary

74601.0

Posted On

17 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Compliance, Anti-Money Laundering, Fraud Prevention, Interpersonal Skills, Communication, Time Management, Problem Solving, Attention to Detail, Confidentiality, Financial Services, Teamwork, Continuous Improvement, Data Analysis, Regulatory Knowledge

Industry

Financial Services

Description

Company Description Be a part of something different We may offer the same products and services as a big bank, but we couldn’t be more different. We’re rooted in purpose and we’re on a mission to improve lives and strengthen communities. We support nearly 20,000 members and businesses digitally, over the telephone, and in-person across a network of six branches across Niagara and Haldimand. At PenFinancial, our people are our greatest asset and our values speak for themselves: accountability, inclusivity, integrity, and respect. More than a poster on the wall, our values guide everything we do. They’re values we live every single day – where everyone has a voice and where we listen. Just ask someone who works here to see what they think, and check out our latest annual report to see what we’ve been up to. We provide all of our employees with a generous benefits package that includes a Living Wage salary, defined contribution pension plan and performance-based success sharing. Combine that with our commitment to contributing to the wellbeing of our employees through competitive benefits programs, wellness days and allowances for education, and it’s no surprise that our employee engagement scores are consistently so strong. Our commitment to community We live our brand from the inside out, and our Truly Local Commitment starts with our employees. We support an inclusive, diverse, and caring internal culture. We encourage our employees to give back to the causes that are meaningful to them and their families by providing opportunities to volunteer and represent our truly local credit union through our Truly Local Ambassador program. And, we also commit to investing a portion of our profits directly back into our local communities. We are a proud Certified B Corporation committed to doing business for good, and we choose 100% renewable energy with Bullfrog Power to support environmental sustainability. Job Description The Senior Compliance and Enterprise Risk Analyst serves as the back-up to the Chief Anti-Money Laundering Officer (CAMLO) and supports all aspects of the risk and compliance functions for the Credit Union, assisting with the preparation and management of compliance reports, systems, and controls. Focused on Anti-Money Laundering (AML) and fraud prevention, this role involves reviewing reports, monitoring member and business relationship transactions, and staying updated on regulatory and industry requirements. The Senior Risk and Compliance Analyst plays a key role in investigating and resolving fraud alerts, ensuring compliance with AML laws, and supporting the Credit Union’s broader risk management strategy. As a secondary accountability, the Senior Risk and Compliance Analyst supports the Director, Risk and Compliance in advancing the Credit Union’s Enterprise Risk Management (ERM) initiative. Work management responsibilities Supports the team by prioritizing work packages for the Compliance Analysts, ensuring that key items are addressed in a timely manner. Helps to build skills within the team for more complex work items. Compliance Support the Director, Risk and Compliance with compliance-related inquiries from staff. Recommend process improvements and solutions to prevent recurring compliance issues. Fulfilling data requirements for periodic reviews by FSRA, FINTRAC, and internal or external auditors. Review and ensure the timely submission of Large Cash Transaction and Electronic Fund Transfer Reports to FINTRAC. Review the Unusual Transaction Reports submitted by branches and recommend filing Suspicious Transaction Reports (STRs) when necessary. Respond promptly to all requests for information from the AML provider. Provide learning to the team and branch staff on themes and trends that are coming from the data to support ‘first time right’. Monitor changes in regulatory requirements and recommend updates. Ensure AML monitoring solutions are configured to appropriately risk-rate members/business relationships and monitor their activities. Routinely review alerts and investigate transactions, collecting necessary information from branches as required. Oversee data entry of LCTR/EFTR and STR information, as well as missing STR data. Enterprise Risk Management (ERM) Works with risk owners across organization to update risk conditions and ERM model inputs. Assists with the production of quarterly ERM reporting for Audit & Risk Committee of the Board including liaison with external consultants. Reviews all fraud losses, determines if an insurance claim should be made and, if applicable, co-ordinates the submission of the claim with the insurance provider. Assists with the oversight of all insurance policies to ensure sufficient protection of property and all other assets as necessary. Perform other assigned responsibilities. Qualifications Post-secondary education in Finance or a related field 2 - 4 years of experience working with FINTRAC compliance Knowledge of financial accounting is an asset Financial services experience is required Demonstrated strong interpersonal skills, including approachability, trustworthiness, flexibility, and a strong work ethic Ability to work effectively in a team environment with strong communication, time management, and problem-solving skills High attention to detail and accuracy Proven ability to manage and maintain confidentiality of sensitive information Proficient in the use of technology to enhance productivity Committed to continuous personal improvement and ongoing learning Additional Information Salary Range: $59,681 - $74,601 Target Salary: $63,410 Salary will be determined based on skills, experience, education and other qualifications relevant to this position To learn more visit https://www.penfinancial.com/careers While we welcome all applications, only those who are selected for an interview will be contacted. Accessibility accommodations will be made for job candidates upon request.

Responsibilities

The Senior Risk and Compliance Analyst supports all aspects of the risk and compliance functions for the Credit Union, focusing on Anti-Money Laundering and fraud prevention. This role involves investigating fraud alerts, ensuring compliance with AML laws, and assisting with the Credit Union’s Enterprise Risk Management initiative.