Job Description

Financial Crimes Specialist

We’re looking for a Financial Crimes Specialist to join our team! This position is integral to the function of our organization, playing a critical role in our risk management team. The key responsibilities for this role include:

• Perform enhanced due diligence and customer due diligence reviews in accordance with review schedule for high-risk clients, including politically exposed persons, complex structures and high-risk jurisdictions.
  • Assess customer profiles, transaction behavior, and source of funds/wealth to determine risk levels.
  • Analyze financial transactions and data, often complex, to identify suspicious activities including fraud and patterns indicative of money laundering or terrorist activity financing.
  • Conduct thorough investigations, gather evidence, document findings and escalate matters as applicable.
  • Identify potential deficiencies and risk situations to proactively address vulnerabilities and enhance security measures.
  • Incorporate updates to watchlists and regulations into ongoing reviews.
• Analyze and take relevant action on adverse (or negative news) media reports.
• Investigate, prepare, document and file suspicious transaction reports to FINTRAC.
• Collaborate with Financial Crime team members to ensure suspicious transaction escalations are reviewed timely and minimize disruption to members’ financial well-being.
• Maintain up-to-date knowledge of Innovation’s policies, practices and procedures and applicable regulatory requirements to ensure informed decision-making and operational effectiveness.
  • Demonstrate thorough knowledge and understanding of PCMLTFA, its regulations and FINTRAC guidance.
  • Stay current and update to date with financial crime tactics, regulations and technologies to encourage a learning mindset, adaptability to stay ahead of threats, and innovate continuously.

Qualifications:

• Bachelor's degree in Business, Finance, Accounting, Criminal Justice, or a related field; plus, certification in AML/ATF or Fraud (i.e. ACAM, CAMS, CFE, etc.) or commitment to obtain.
• 4+ years' experience in financial crimes analysis, fraud investigation or a related field, or an equivalent combination of education and experience.
• Detail-oriented and risk aware, contributing to the safeguarding of our company’s assets and reputation.
• Strong organizational skills with ability to meet deadlines in a fast-paced environment.
• Proficient in digital literacy, including (but not limited to) critical thinking, problem solving and navigation using digital solutions.
• Use and comfortability with a variety of Microsoft 365 applications (Excel, Teams, Viva, Power Automate, Power BI, Copilot).

About Us

Hi! We’re Innovation Federal Credit Union. Our purpose is to simplify banking for all Canadians. We like to keep it simple. We have three values – Accountability, Integrity, and Respect – and we are constantly striving to improve our organization to make it better for you (our member and prospective employee)!

How are we different from other Credit Unions? We’ve put in the work to become a federal credit union – just one of three in Canada – to secure the future of our organization and continue to grow across Canada. We are proudly rooted in Saskatchewan, but our vision is national, or as we like to say, "Made in Sask, Built for Canada".

What sets us apart:

• Commitment to Community: $1.1 million was given to local organizations last year who are making a difference
• Strong focus on Diversity and Inclusion: Nearly 32% of InnovationNation proudly identifies as part of a designated group, reflecting our strong commitment to fostering a diverse workplace
• Benefits that start when you do: Our full-time staff participate in a 7% employer-matched pension plan, extended health benefits, employee and family assistance program, and a staff loan rate. These benefits all start on Day 1 of employment, no waiting period!

In the spirit of Truth and Reconciliation, we acknowledge that we are on the traditional territories of the many First Nations, Métis, and Inuit who have graced these lands for millennia.

We are privileged to live on, work on and enjoy the benefits of these lands, now known as Canada.