Manager, Anti-Money Laundering

Built on more than 75 years of service in local communities, Prospera Credit Union is a community-based, purpose-driven organization that offers a full range of financial products and services. Prospera is one of the largest credit unions in British Columbia, with approximately $6.7 billion in assets and 120,000 members. With 26 branches, Prospera is proud to serve communities throughout the Lower Mainland, Fraser Valley and Okanagan. It's our vision to help build vibrant, healthy communities, thriving local enterprises and financially empowered people.

New year and have a new career opportunity at Prospera Credit Union.

We are hiring for a Manager, Anti-Money Laundering. You will be accountable for compliance to the PCMLTFA program, maintenance of Board set risk tolerance levels and regulatory compliance. You will play a key role in providing subject matter expertise, decision making, support and be a resource on compliance matters to our internal stakeholders in our business. Travel will be a component to our branches as part of this role.

What you'll do

You will be responsible for empowering, monitoring and supporting compliance with FINTRAC, BCFSA, Central1 and Prospera Credit Union policies and procedures. You will ensure that programs are in place effectively meeting compliance requirements and oversee understanding of risk related policies and frameworks in areas of PCMLTFA. You will also work with stakeholders to support annual operating plans, execution of strategic key performance indicators, enhancing member trust and directly contributing to Prospera's organizational health.

Some of your other responsibilities will include:

• Be a key stakeholder in the development of the PCMLTFA Compliance program.
• Leads the annual PCMLTFA operating policy review to ensure all regulatory compliance requirements are documented.
• Acts as key stakeholder in the biennial PCMLTFA Corporate Risk Assessment and in the development and maintenance of organizational control frameworks and registers.
• Responsible for maintaining a compliant PCMLTFA program and for the compliance oversight of the program within the Credit Union.
• Partners with all lines of business to facilitate regulatory compliance of FINTRAC guidelines. This includes following up on compliance exceptions, facilitating adherence to guidelines and identification of compliance concerns.
• Creates and maintains AML Investigation documentation that meets audit and regulatory reviews.
• Develops quality control and assurance policies and procedures for AML compliance, including sampling methodology.
• Leads the AML team including AML Investigators and AML Analysts
• Be responsible for hiring, promoting and performance assessment of AML Investigator and AML Analyst Roles.
• Provide leadership, coaching and encourages employee to live Prospera's values.

What you bring

• A bachelor's degree in criminology, security, or a related field
• At least 8 years of industry experience in FINTRAC's Proceeds of Crime Money Laundering and Terrorist Financing Act.
• At least 3-5 years of experience within a managerial role leading, mentoring, and coaching teams.
• Possesses an AML designation.
• Proven conceptual and practical understanding of AML/ATF risks and prevention strategies.
• Demonstrated experience in creating management Board reporting and reports along with solid written and verbal communication skills.
• Possess strong analytical skills to assist in the identification of risks.
• Excellent planning, scheduling, and organizing skills.
• Ability to make highly complex decisions using conceptual judgement under executive direction.

Our Values

Cultivate trusting relationships: We are local at heart, aligned in our purpose to help our members, communities, and team thrive.

Empower and enable others: We give each other the space, trust, and tools to succeed.

Lead with curiosity: We approach all circumstances with curiosity and a drive for continuous learning and improvement.

Embrace change and execute with purpose: We plan with agility, take action, and pivot to deliver results.

Thrive as One Team: We collaborate because it strengthens us.

What's in it for you?

Inclusive, equitable and accessible workplace: All team members are valued, respected and heard. We learn from each other's differences, gaining strength through our people and our perspectives.

Training and support. We set our employees up for success with training and continued support and access to resources throughout employment.

Career advancement! We're committed to our employees' growth and development and we want to see you soar.

Fun and camaraderie. We care deeply about our members and our employees, and we want the hours you spend with us to be fun, rewarding and sometimes lighthearted. We like to work hard, play hard, have fun and be there for each other.

Show me the money! We offer competitive pay, a personalized benefits program, and a generous defined contribution pension plan.

Community focused. We care about giving back to the communities we live, work and play in. We participate in many community minded activities throughout the year.

Our commitment to Diversity, Equity and Inclusion

Diversity, equity and inclusion is part of everything we do, and we're on a continuous journey to ensure every employee and members feels like they #BelongAtProspera.

If you require accommodation during any part of the recruitment process, please let us know.

Sound like your new role for 2024? Apply today.