Compliance Analyst EDD
About Us
First Nations Bank of Canada (“FNBC”) is a federally chartered bank primarily focused on providing financial services to the Indigenous marketplace in Canada. Over 87% Indigenous owned and controlled, FNBC is a leader in advocating for the growth of the Indigenous economy and the economic well‐being of Indigenous people. Headquartered in Saskatoon, SK and named one of Saskatchewan’s Top Employers, FNBC takes pride in its workforce of over 64% Indigenous employees working at locations across Canada.
About The Role
Reporting to the Chief Anti‐Money Laundering Officer & Legal Counsel (“CAMLO”), the Compliance Analyst must be aware of FNBC’s regulatory obligations and ensure that all work performed aligns with FNBC’s corporate goals regarding Enhanced Due Diligence (EDD). This position is based out of our Head Office in Saskatoon, Saskatchewan, which is located on First Nations land. We are open to remote, hybrid or in‐office work arrangements.
Here's what you will be doing:
Coordinate and perform risk assessments, monitoring, testing, and surveillance activities to ensure our anti‐money laundering (“AML”) and anti‐terrorist financing (“ATF”) program remains current and aligned with our overall compliance program
Assist the CAMLO with reviewing AML/ATF policies, procedures, and methodologies
Perform quarterly and yearly methodology testing and reporting the results to the CAMLO
Conduct branch audits and identify, address, and oversee regulatory compliance deficiencies within the branch environment and determine remedial plans for same
Act as the primary point of contact for identifying and monitoring high‐risk customers
Monitor and analyze possible suspicious or unusual transactions provided through software detection systems, including Verafin, as well as from branch staff
Coordinate investigations end‐to‐end and provide AML/ATF sanction supports
Monitor internal systems for fraudulent activity alerts and conduct fraud‐related investigations
Monitor customer databases for customers/entities connected to terrorism as well as terrorist property
Perform EDD reviews for high‐risk customers, including but not limited to cannabis retailers
What we are looking for:
Post‐secondary degree or diploma with 0‐5 years of experience working in a compliance‐related field. Experience in compliance roles within the financial industry will be considered an asset
Strong understanding of regulatory risk in the financial services industry or a keen willingness to learn
Ability to complete AML/ATF reporting processes and requirements
Interest in conducting investigations
Detail oriented with strong administrative and proofreading skills
Strong organizational, time‐management, interpersonal, and communication skills
Friendly, enthusiastic self‐starter with ability to work independently under minimal supervision
Strong team player with proven ability to maintain relationships across all levels of the organization
We are passionate about creating an inclusive workplace and value and respect diversity of our staff.
We offer a comprehensive total rewards package, including group benefits, savings plan, professional development, and opportunities for career growth. If you are interested in this opportunity, meet the qualifications, and are eligible to work in Canada, please visit our website at www.fnbc.ca or send your resume and cover letter by email to apply@fnbc.ca. The posting will remain open until Sept. 26, 2023.
We thank all candidates for their interest, however, only those selected for an interview will be contacted.