AML Investigator, Financial Intelligence Unit

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform ( eqbank.ca ) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

The AML/ATF department within Compliance is responsible for the management of the Bank’s AML/ATF risk through the implementation and monitoring of effective controls. The Investigator’s role is a multi-faceted one as responsibilities include conducting AML/ATF testing and monitoring routines, assessing unusual transactions, preparing, and submitting Suspicious Transactions Reports (STRs), and providing support and guidance to the business units. The environment is fast-paced and requires effective time management of multiple tasks and projects.

The Core Responsibilities!

• Planning, conducting, and completing risk-based investigations for alerts identified from adverse media, name screening against PEPs, sanctions, terrorism financing, UTRs etc.
• Gathering information/intelligence from all available sources to support the suspicion of money launder, financing of terrorism or other criminal activities.
• Prepare relevant reports with utmost accuracy including documentation to support the action following the outcome of the investigation.
• Maintaining accurate records of all investigative actions and decisions taken, and ensure all information obtained is treated with confidentiality and as per the legal and regulatory requirements.
• Ensure investigations are completed within defined timelines.
• Promote and adhere to Equitable Bank’s policies and guidelines.
• Support business units by providing advice on inquiries, escalations, and/or resolutions.
• Identifies areas of improvement and makes recommendations to close gaps to the Senior Manager and communicates and works with business units to resolve identified gaps.
• Proactively identifies best practices to ensure compliance with regulatory requirements.
• Personally responsible and accountable for self development and maintaining up to date knowledge, best practices, and skills relevant for the role.
• Immediately escalates any issues, including system issues, to the Senior Manager
• Identify the major AML/ATF risk trends and provide suggestions to identify areas for focused training.
• Assists the AML Management by supporting new initiatives and requirements, as required.

Let's Talk About You!

• Post-secondary education in business or finance with a minimum of 3 years of experience working within the at a regulated financial institution in Canada (preferably AML).
• Working knowledge of regulatory requirements for AML/ATF and sanction risk, industry best practices and/or organizational goals for AML/ATF typologies;
• Proficient knowledge of Microsoft Office (Word, Excel, and PowerPoint) and internet/web navigation
• Strong organizational skills, demonstrates ability to prioritize assignments, projects and multi-task within restricted time constraints;
• Excellent verbal and written communication skills;
• Proven analytical and problem-solving skills;
• Excellent interpersonal skills with the ability to work individually or as part of a team;
• Strong attention to detail with the ability to review one’s own work;
• AML designation (CAMS/CFCS) is preferred;
• Experience in adjudicating transaction alerts and monitoring for retail banking an asset; and
• Bilingualism is an asset (English and French).

What we offer [For full-time permanent roles]

Competitive discretionary bonus 

✨ Market leading RRSP match program

Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days 

Virtual events to connect with your fellow colleagues

Annual professional development allowance and a comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON .

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you!