COMP - Senior Anti-Money Laundering Investigator

About Haventree bank:

Headquartered in Toronto, Ontario, Haventree Bank (Haventree) is a mission driven alternative mortgage lender. The name Haventree is representative of the bank’s mission to help its customers find a place of refuge and to lay down new roots for the future. Haventree exists to be a catalyst of financial security and upward mobility for Canadians who are underserved by the traditional financial system.

Position Summary: 

Reporting to the Director, AML Compliance, the Senior AML Investigator is responsible for identifying, escalating, and mitigating money laundering and terrorist financing risk related activities. The Senior AML Investigator must have a deep understanding of money laundering regulations, methods, schemes and trends, combined with a strong analytical mindset and familiarity with analytical techniques.

Major Duties & Responsibilities:

• Conducts detailed investigations into instances of suspected AML/TF and fraud related risks.
• Prepares case files and maintains appropriate records of all investigations conducted including descriptions of the incident, evidence collected, conclusions reached, and actions taken.
• Recommends changes to operating practices and procedures to mitigate risks identified through investigative findings.
• Develops and delivers educational and training material for employees to ensure ongoing awareness of emerging risk patterns and trends.
• Develops intelligence on AML/TF/fraud trends from findings and outside sources to assist with effectively designing and implementing mitigation strategies to manage emerging risks.
• Conducts compliance testing and risk assessments of business practices and/or procedures, including auditing of client files to verify compliance on an ongoing basis.
• Prepares periodic compliance reports and maintains records, compliance files, logs, and issue tracking and management.
• Assists with the maintenance of departmental compliance policies and procedures.
• Assists with periodic internal account/customer reviews to identify potentially suspicious activity and ensure required diligence was collected.
• Ensures timely and efficient investigation and completion of regulatory reporting.
• Completes other duties and projects as may be assigned from time to time including, but not limited to, acting as back-up to colleagues.

Qualifications & Experience:  

Degrees, Diplomas & Certifications:

• The position requires a university degree and a professional designation in Anti-Money Laundering (ACAMS, CAMLI, ACFCS), Certified Fraud Examiner or accounting designation.

Years and Range of Experience Required to Perform the Job:

• The position requires 3-5 years’ experience in the financial services or banking industry.
• Excellent knowledge of Anti-Money Laundering/Anti-Terrorist Financing compliance with experience using FINTRAC’s Web Reporting Tool. 
• Practical and proven experience with compliance and fraud investigations.
• Knowledge of mortgage and deposit products.
• Familiarity with independent broker distribution channels.