AML Analyst - 12 Month Fixed Term Contract

Company Overview

Wealthsimple is a leading Canadian financial innovator providing a wide range of straightforward, sophisticated financial products including managed investing, self-directed trading, cryptocurrency, tax filing, and financial management tools. Established in 2014, the company serves over 4 million Canadians with more than $155 billion in assets under administration and operates out of Toronto, Canada.

Role Summary

We are seeking two AML Analysts for one-year fixed term contracts within our AML Program, spanning both Fiat and Crypto teams. The AML team’s mission is to identify, respond to, and mitigate money laundering and terrorist financing risks inherent to Wealthsimple's operations.

Key Learning and Knowledge Areas

• Understanding varieties of money laundering and terrorist financing risks, and application of a risk-based approach.
• Knowledge of Wealthsimple’s obligations, policies, and procedures related to AML and CTF.
• Insight into AML Operations roles in risk reduction.
• Familiarity with due diligence processes and associated data sources.
• Processes to identify and report suspicious client activities.

Primary Responsibilities

• Analyze and investigate AML alerts generated through established policies and tools to ensure compliance with internal and external regulatory standards.
• Handle alerts related to automated transaction monitoring, cryptocurrency AML ledger screening, and name screening against adverse media, politically exposed persons, sanctions, and terrorism lists.
• Conduct enhanced due diligence reviews for high-risk clients including politically exposed persons.
• Apply critical thinking, data analytics, and pattern detection techniques to uncover financial crimes.
• Utilize internal systems for information gathering and recording alert outcomes.
• Manage multiple simultaneous alerts while meeting service level agreements within set timelines.
• Participate in calibration sessions with colleagues and other stakeholders to identify emerging trends in financial crime.

Required Experience and Skills

• Minimum two years experience in AML/CTF roles within fintech or technology-enabled financial services.
• Exceptional precision and focus on detail throughout all reviews.
• Resourcefulness, persistence, and ability to perform well in a fast-paced environment.
• Strong multitasking capabilities with adherence to deadlines.
• Adaptability to shifting priorities and regulatory updates.
• Proficiency in analyzing datasets to detect anomalies and suspicious patterns.
• Proactive ownership mentality instead of reactive handling.
• Excellent written and verbal communication skills.
• Enthusiasm for technology and desire to enhance knowledge in the AML field.
• Additional certifications such as CAMS or Chainalysis are advantageous but not mandatory.

Benefits and Work Environment

• Comprehensive health benefits with life insurance coverage.
• Participation in long-term group savings plan with employer matching through Wealthsimple for Business.
• Generous paid time off including 20 vacation days, 4 wellness days, and unlimited sick and mental health days annually.
• Option to work remotely outside Canada for up to 90 days per year.
• Employee resource groups supporting diversity including Rainbow (2SLGBTQ), Women of WS, and Black at WS.
• Hybrid work model with a North American team exceeding 1,500 employees characterized by collaboration with talented and motivated colleagues.

Additional Statements

Wealthsimple values diversity and inclusion by encouraging applications from individuals of all backgrounds irrespective of personal characteristics. Efforts are made to ensure accessibility throughout the hiring process; candidates may request accommodations as needed. Artificial intelligence tools may be employed in aspects of the recruitment process for efficiency, but all final decisions remain human-led.

Compensation

The salary offered ranges between CA$69,600 to CA$87,000 annually.