AML ANALYST III - Risk Assessment
5 - 7 years experience • Financial Services
The TDBG Global AML Compliance Department is accountable for establishing TDBG’s Global Anti-Money Laundering and Anti-Terrorist Financing Program (AML/ATF) to ensure that all TDBG businesses remain compliant with AML/ATF regulatory expectations in all jurisdictions where TDBG operates.
This includes setting consistent standards across business segments that may be further tailored to specific business or jurisdictional requirements; conducting annual enterprise-wide AMLrisk assessments; maintaining the Global AML Policy (including Know Your Customer and Enhanced Due Diligence, record keeping &retention requirements); currency transaction and suspicious transaction monitoring andreporting; screening TDBG customers against regulatory watch lists; a hierarchy of designated AML officer functions; enterprise-wide and specialized AML training of employees; and independent AML testing.
The AML Analyst III –Risk Assessment position is withinTD Bank Group(TDBG) Global Anti-Money Laundering(GAML) Department andreports directly to the AMLRisk Assessment Manager.
The AML Analyst III –Risk Assessmentisresponsible for establishing and actively implementing and maintaining an effective enterprise wide AMLrisk assessment program and framework in accordance with regulatory andinternal requirements, andfor providing oversight and support forAMLrisk assessments for business units/entities across TDBG.
In addition, the AML Analyst III –Risk Assessment isresponsible for contributing specialized expertise towards the development, deployment, and support of the overall AMLriskassessment process across TDBG.
- Provides support in maintaining, executing and meeting the requirements of the Risk Assessment methodologies and also supports the Risk Assessment mandate.
- Performs analysis of inherent risk data and controls to ensure risk assessments are executed in accordance with prescribed methodologies.
- Ensures enterprise wide AML/Sanctions risk assessment program is effective, consistently deployed and supported, and understands risk identification, risk analysis and risk mitigation according to the regulatory requirements and best business practices.
- Conducts periodic, specialized and targeted risk assessments covering complex products, customers and transactions, as needed.
- Performs activities to ensure compliance with TD’s Model Risk Management requirements.
- Ensures policies, procedures and processes are designed and implemented to appropriately assess ML/TF/Sanctions risks in connection with customers, transactions, products, services, geography and otherrisk factors of any particular business.
- Interacts routinely with and manages relationships with other staff in global AML and the Risk Assessment team, in the support of the risk assessment processes and activities.
- Monitors AML/Sanctions industry developments and maintains knowledge of new and amended AML/Sanctions laws and regulations pertaining to risk assessments.
- Assists the AML Risk Assessment Manager with reporting responsibilities and audit and regulatory request for information (gathering and consolidating of information/data; developing supporting materials throughout the AML and Sanctions risk assessment processes.
- Proactively performs an end to end execution of work activities with minimal supervision.
- Ability to deliver presentations to business partners or senior management team when required.
- Escalates issues/challenges by the staff of AML Risk Assessment, GAML or any other area of interaction for the risk assessment activities, in a timely manner to management.
- Actively contributes to the strategic planning within the Risk Assessment team.
- Models strong ethics, integrity, and leadership to promote a positive work environment that fosters collaboration, innovation and synergies.
- Works independently and completes work to meet required timelines, as well as being proactive in initiating and executing the required work activities.
- This position provides marked support to Management and may coach and guide otherRisk Assessment team members.
- Strong knowledge of Money Laundering (ML), Terrorist Financing (TF) and Sanctions risk management practices (inherent risk and controls) and regulatory requirements.
- Advanced EXCEL knowledge/experience (advanced formulas, pivot tables, etc.) and proficient in Word and PowerPoint.
- Strong analytical skills; ability to organize and bring to order data and information, drawing conclusions and making appropriate recommendations.
- ACCESS knowledge is considered an asset
- Mathematical or statistical background/knowledge is considered an asset.
- Highly organized and well developed skills in negotiating and influencing with the ability to deal with conflicting points of view and to effect creative and responsive solutions.
- Ability to work independently, apply critical and strategic thinking to issues, make timely decisions and manage deadlines.
- Flexible with the ability to adapt to change and take the initiative to complete job requirements while balancing competing projects and priorities.
- Minimum of five (5) years of experience within the financial services industry, including AML/Sanctions compliance experience.
- Strong communication skills (verbal and written) with the ability to draft reports, procedures, presentations, and business correspondence, as well as present information and respond to questions/request for information from peers, senior management, business groups within and across the Global Anti-Money Laundering Department.
- Strong interpersonal skills are critical to working in a cross-functional team environment and interacting with global compliance, bank operations and line of business management responsible for the execution of the TDBG’s overall AML and Sanctions Compliance programs.
- Ability to work in a fast-paced, deadline focused environment.
- Ability to challenge and influence change.
- Strong attention to details.
- ACAMS certification is considered an asset.