AML Transaction Monitoring Analyst

Wave HQ

  • Full Time
About the Role:
The AML Transaction Monitoring Analyst will have an important role at Wave. You will be responsible for detecting and investigating potentially suspicious activity alerts generated by our automated transaction monitoring system to help keep Wave compliant with anti-money laundering regulations in both Canada and the United States.

Here’s How You Make an Impact:

  • Analyze financial transactions and identify patterns or anomalies to uncover suspicious or unusual customer activity.
  • Actively manage alert/case queues in a timely manner while adhering to policies and procedures. 
  • Recommending risk mitigation actions and next steps at the conclusion of alert/case investigations.
  • Conducting research to investigate the root cause of suspicious/unusual customer activity and making recommendations to management on the appropriate action to mitigate risks. 
  • Drafting and presenting regulatory reports for potential filing to FINTRAC/FINCEN and preparing corresponding forms. 
  • Communicating with financial crime teams, and stakeholders to gather additional information as required and mitigate risk across Wave. 
  • Completing sanctions screening and PEP screening matches 
  • Protecting Wave and our customers by making certain all activity adheres to the PATRIOT Act,  Bank Secrecy Act, Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and internal anti-money laundering programs to ensure compliance with applicable internal policies, procedures and external regulations.
  • Contributing to shaping and enhancing our policies, procedures and internal tooling which we build in-house.
  • You Thrive Here By Possessing the Following:

  • Completion of post-secondary education in a related field. 
  • 2-4 years of experience in a compliance role at either a banking or fintech institution.
  • CAMS or comparable advanced BSA/AML & OFAC training and/or certification required.
  • Are a highly motivated individual with a strong understanding of the US and Canadian regulatory landscape, AML/CTF red flag identification, and suspicious activity trends.
  • Previous experience in AML compliance, preferably in Transaction Monitoring 
  • A thorough understanding of Enhanced Due Diligence for high-risk customers.
  • Experience investigating complex cases of potentially suspicious activity and a strong ability to prepare FINTRAC/FINCEN reports.
  • A thorough understanding of the review and remediation process of potential sanctions and PEP screening matches.
  • Highly organized and focused, supported by strong attention to detail and accuracy.
  • Strong communication skills, especially when drafting narratives and making recommendations. 
  • Thrive in a fast-paced environment and have a sense of tact and empathy under pressure.
  • A sixth sense for identifying problems while implementing and communicating solutions.
  • Job Overview

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