Senior FCRM Testing Analyst - Regulatory; AML Testing

Senior FCRM Testing Analyst - Regulatory (AML) Testing (2680)

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Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line Of Business:
Financial Crime Risk Management

Pay Details: $76,800 - $115,200 CAD

The Financial Crime Risk Management (FCRM) Testing Team sits within the second line of defense and conducts design and operating effectiveness testing of AML/ATF, Sanctions, and ABAC controls (collectively referred to as "FCRM Controls") Enterprise-wide.

The Pre‑Completion Testing (PCT) Team within FCRM Testing is responsible for the review of Regulatory Issues to verify and validate that the appropriate remedial actions have been taken to address the issues raised. The pre‑completion testing is done at the design and operating effectiveness level prior to final submission to Internal Audit.

The Senior FCRM Testing Analyst – PCT Validations is responsible for conducting PCT validation testing of regulatory issue remediation activities. The position may assume leadership of the engagement and have responsibility for completion of testing phases. The position will develop test plans, and attributes, execute testing activities and monitor progress of the engagement.

• Independently execute testing of remedial work related to Regulatory Issues (e.g., planning, sampling, evaluation, issue identification)
• Develop testing documentation and results reporting in line with requirements
• Understand the bank's financial crimes obligations and requirements and effectively apply that understanding in the execution of work
• Understand the use of controls for managing financial crimes risk and apply this understanding to independently evaluate controls effectiveness and develop recommendations for enhancement
• Work independently as a subject matter expert of the functional area and/or business are supported and applicable regulatory requirements, and may coach and educate others
• Execute on more complex and/or non‑standard requests
• Undertake and complete a variety of projects and initiatives as part of the testing function, may include the integration of cross‑functional processes within own area of expertise
• Perform complex analysis and reporting
• Generally, reports to a Manager role

• University degree or equivalent work experience
• Relevant professional designations and/or certifications preferred (e.g., CAMS)
• 4+ years of relevant experience working in a challenge function (e.g., Internal Audit, ORM, Risk Oversight) within the financial services industry
• In depth knowledge of AML/ATF regulations (PCMLTFA and associated Regulations), financial crime typologies, and control frameworks
• Strong interpersonal skills to facilitate working with business unit, FCRM advisory, senior management, and business partners at all levels

• Execute testing engagement work in accordance with established standards to achieve completion within targeted timelines
• Conduct analytical research and analysis as part of the assigned testing objectives
• Work collaboratively with key partners throughout the testing engagement
• Stemming from testing findings, present objective and independent opinion on the adequacy of remedial work in accordance with regulatory and internal requirements
• Provide subject matter expertise on FCRM controls and processes and/or input to projects/initiatives as a representative for area of the FCRM testing function
• During the execution of testing activities, proactively identify matters which require additional attention, further escalation, or review, and liaise with the appropriate groups to resolve

• Prioritize and manage own workload to deliver quality results and meet assigned timelines
• Contribute to the analysis, due diligence, and implementation of initiatives within defined area of responsibility
• Adhere to internal policies, standards and procedures, methodologies, and applicable regulatory requirements to contribute to the review of internal processes and activities and assist in identifying potential opportunities to improve FCRM controls
• Understa…