Senior Analyst, AML Operations & Analytics

Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together. We are a big (and growing!) family. Overall we serve more than 370,000 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World’s Best Banks 2023, 2022, and 2021 lists. 

Purpose of Job
The AML/ATF department within Compliance is responsible for managing the Bank’s AML/ATF risk through implementing and monitoring effective controls. The Senior Data Analyst role is a multi-faceted one. Responsibilities may include ensuring our organization’s adherence to regulatory standards through advanced data analysis, modelling, mining, and automation techniques. As a Senior Data Analyst, you will work closely with cross-functional teams to provide valuable insights, drive process efficiencies, and contribute to enhancing our compliance strategies. The environment is often fast-paced and requires effective time management of multiple tasks and projects.

The Work!

• Rule Implementation, Testing, Validation and Documentation: Develop and maintain advanced data rules that help identify suspicious activities and patterns related to money laundering. Create predictive rules that enhance risk assessment and detection capabilities. Conduct rigorous testing and validation of rules to ensure accuracy and reliability. Create and maintain detailed documentation for all rules, including data sources, methodologies, assumptions, and rule parameters.
• Tools Development: Create and enhance tools, scripts, and applications to facilitate data analysis, reporting, and compliance monitoring. Develop user-friendly interfaces and solutions to improve efficiency and accuracy.
• Automation: Design, implement, and maintain automated workflows and data pipelines for efficient data collection, processing, analysis, and quality control checks. Implement automation solutions to streamline AML compliance procedures.
• Reporting: Generate comprehensive reports and dashboards to communicate findings, trends, and compliance-related insights to stakeholders. Develop visualizations that effectively convey complex data in a clear and actionable manner.

Job Complexities & Thinking Challenges!

• The position requires the incumbent to be a self-starter and make sound decisions as efficiently as possible to ensure that data models are developed and implemented as per the Bank’s internal policies and regulatory requirements.
• Ability to work independently and perform under pressure and within tight time constraints.
• The incumbent must have a solid understanding of the internal Bank systems, strong attention to detail and record management skills.
• Effectively manage assigned responsibilities and communication with the Business Units.

Accountability!

• Responsible for internal tools development and analytics to support model development and implementation in a timely manner.
• Responsible for analysis, documentation, development, operationalization, and integration of AML data models.
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends to provide support and direction to business units.

Let’s talk about you!

• Bachelor’s degree in Data Science, Computer Science, Statistics, or a related field. Master’s degree preferred.
• 4+ years of proven industry experience as a Data Analyst, focusing on AML compliance or the financial services industry preferred.
• 3+ years of extensive experience in SQLs, NoSQLs, or MongoDB
• Strong expertise in data modelling, data mining, and statistical analysis techniques.
• Proficiency in data manipulation and analysis tools such as Python, SQL and data visualization tools such as Power BI.
• Preferred experience with Microsoft Power Platform applications (Power App, Power Automate, etc.) is a plus.
• Experience in designing and implementing automation solutions using programming/scripting languages.
• Preferred knowledge of AML regulations, financial crime risk assessment, and compliance procedures.
• Excellent problem-solving skills with the ability to translate complex data into actionable insights.
• Preferred experience with machine learning techniques and tools
• Strong communication skills, including presenting technical information to non-technical stakeholders.
• Detail-oriented and self-motivated individual who can work independently and as part of a team.
• Strong analytical thinking and decision-making abilities
• High proficiency in the use of Microsoft Office applications (i.e., Advanced Excel, PowerPoint, Outlook, Word).

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, personal days and even a moving day 🖥  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 351 King Street East, 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!