Anti-Money Laundering (AML) Specialist

Atlantic Central provides liquidity management, payments processing and trade association services to support the credit unions of Atlantic Canada. The Central provides leadership, advocacy and a range of support services in the fulfillment of key functions and is establishing a new specialized Risk Management and Compliance service for participating credit unions. The following position will be critical in delivering this new service.

Atlantic Central’s Halifax office is currently accepting applications for the position of Anti-Money Laundering (AML) Specialist to serve as Atlantic Service Centre (ASC) subject matter expert in Canada’s anti-money laundering legislation and is responsible for Verafin alert processing and case management, AML regulatory reporting, and for supporting customers on all AML-related matters and activities.

Reporting to the Manager, Compliance, the AML Specialist is responsible for:

  • Serving as the subject matter expert on credit union requirements pertaining to AML legislation – Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and remediation.
  • Performing AML business-based risk assessments.
  • Performing AML relationship-based risk assessments and making risk mitigation recommendations, including but not limited to: evaluating and actioning Verafin alerts; managing customer-submitted STRs; performing case management cases; and generating and submitting regulatory reports on behalf of customers.
  • Conducting enhanced due diligence, seeking customer input and completing thorough case documentation. Meeting with customers to review cases and risk assessments and providing risk mitigation recommendations.
  • Tracking and proactively managing customer AML compliance and control issues.
  • Performing analysis of account and transactional information and identifying new or pending Verafin settings that require changes. Updating Verafin settings accordingly.
  • Providing AML compliance guidance and support in response to customer inquiries/requests. Includes: application of Regulatory Compliance Management (RCM) framework, remediation planning, and compliance audit preparation.
  • Staying current on AML and Verafin related changes and developments in the financial services industry and assessing the potential impacts of these changes on AML-related services.
  • Assisting the Manager, Compliance by identifying changes to the RCM (policies, processes, procedures, and controls) in accordance with regulatory/compliance landscape developments.
  • Supporting the Manager, Compliance in the development of training content. Delivering training for relevant topics related to the overall AML function.
  • Identifying and making necessary changes to AML knowledge repository assets with approval of Manager and notifying customers.
  • Supporting the Manager, Compliance in the annual review of internal controls, policies and procedures within the department.
  • Completing other duties or projects as assigned

This position requires occasional travel throughout Atlantic Canada and occasional evening and weekend work.

The ideal candidate for this position will have successfully completed a Bachelor’s Degree in Business Administration or Finance, plus have 3-5 years relevant AML experience within a financial institution, preferably a credit union; or have an equivalent combination of experience and education.   A Certified Anti-Money Laundering Specialist (CAMS) designation will be considered an asset.


The successful candidate will have the following skill set:

  • Deep knowledge of Proceeds of Crime Money Laundering Terrorist Financing Act (PCMLTFA) and FINTRAC Guidelines
  • Sound knowledge of the financial regulatory environment and requirements
  • Strong oral and written communication skills (including presentation skills)
  • Strong interpersonal skills
  • Demonstrated strong organizational skills and ability to multitask
  • Proven analytical capability to solve complex problems
  • Demonstrated proficiency in Microsoft Office applications (Excel, Word, PowerPoint)
  • Proven influencing and consultation skills
  • Proven ability to effectively work with diverse stakeholder groups and to interact with all levels of management and staff
  • Proven training and facilitation skills
  • Proven ability in managing multiple deadlines and competing priorities

The successful candidate will also demonstrate strong abilities in the following competencies:

  • Adaptability to Change
  • Customer Service Orientation
  • Listening, Understanding and Responding
  • Results Orientation
  • Teamwork and Cooperation
  • Strategic Orientation

This is a permanent full-time position and is rated a Salary Level CU-6 ($54,016-$63,548).  Atlantic Central offers a competitive benefits package as well as the opportunity to participate in the Performance Sharing Incentive Plan.

Applications will close on October 19, 2018.

Interested candidates should forward their résumé, including salary expectations, in confidence, to:

Human Resources Department
Atlantic Central
6074 Lady Hammond Road
Halifax, NS   B3K 2R7

(When sending applications by e-mail, please send in MS Word format)