Company Overview
The Police Credit Union is a full-service financial institution dedicated to serving our members with competitive rates and rewarding programs. Since 1946, our philosophy has been 'not for profit - but for service,' emphasizing community support and cooperative principles. We are committed to helping our members achieve their financial goals while fostering a supportive and ethical environment.
Job Summary
At TPCU, our members are at the heart of everything we do. We are looking for a Compliance Administrator to work at our corporate office, reporting to the Controller. The Compliance Administrator will provide operational and administrative support to the corporate team on compliance and Anti-Money Laundering (AML) related tasks. This in-office role is perfect for a self-motivated individual who enjoys the "puzzle" of complex financial reconciliations and takes pride in maintaining high standards of legislative compliance. The incumbent will ensure all compliance and AML projects are handled with precision. Join us and leverage your analytical skills to support the financial integrity of our Ontario-based Credit Union.
Responsibilities
- Review monthly AML monitoring alerts (e.g., large cash transactions, structuring indicators, unusual activity) using Navaera to conduct detailed investigations into unusual or potentially suspicious transactions.
- Document investigative steps, rationale, and conclusions in a clear, audit‑ready format.
- Escalate high‑risk activities to the CAMLO for suspicious transaction report (STR) determination.
- Prepare and submit large cash transaction reports (LCTRs), outgoing electronic funds transfers (EFTO’s), and incoming electronic funds transfer reports (EFTR’s) within required timelines.
- Assist in preparing suspicious transaction reports (STR).
- Ensure all reporting is complete, accurate, and supported by appropriate documentation.
- Perform onboarding reviews for higher‑risk members, including beneficial ownership verification.
- Conduct Enhanced Due Diligence (EDD) reviews for high‑risk members.
- Maintain and update member risk ratings based on ongoing monitoring and periodic reviews.
- Support the bi-annual AML/ATF effectiveness review.
- Provide support for FINTRAC audits.
- When an internal audit or a FINTRAC/FSRA exam identifies a processing gap, the Administrator tracks the correction plan, following up with branch managers to ensure the deficiency is resolved before missing regulatory deadlines.
- Maintains records and processes a variety of branch and centralized administration tasks.
- Maintain and assist with updating the procedural manual and implementing policies and processes related to branch compliance.
- Maintains confidentiality of client information consistent with Credit Union policies and procedures.
- Responsible for staying up to date on all Credit Union policies, procedures, and training, to ensure compliance.
- Responsible for being a contributing member of various committees as needed, serving on the Social Committee, the Joint Health & Safety Committee, becoming a Fire Warden, etc.
- Other tasks as assigned.
Qualifications
- A minimum of two (2) years of experience in a financial institution (Credit Union preferred) with a focus on compliance and Anti-Money Laundering (AML).
- A Diploma or bachelor’s degree in Accounting, Business Administration, Finance, Commerce, Legal Studies, Criminology, or a related field, is an asset.
- Holding or actively working toward a recognized Anti-Money Laundering designation, such as CAMS (Certified Anti-Money Laundering Specialist) or CAMLI (Canadian Anti-Money Laundering Institute) credentials.
- Familiarity with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and FINTRAC reporting guidelines.
- Proven experience reviewing member/client onboarding documentation for compliance, identifying anomalous transactions, and compiling risk summaries or files for regulatory bodies (FINTRAC).
- High attention to detail, strong research and time-management skills, proven ability to work independently, and a commitment to continuous learning.
Call-To-Action
If you are passionate about upholding integrity within a community-focused financial institution, we invite you to bring your expertise to Police Credit Union. Join us in making a difference—your next career move awaits!
At The Police Credit Union, we recognize, appreciate, and value the diversity of our community. We strive for inclusion and equity in our employment practices and service delivery. We are committed to fostering an inclusive and equitable workplace that represents and values the diverse cultures within our community.
We welcome and encourage applications from individuals of all backgrounds. We recognize that diverse perspectives drive innovation and excellence. Our hiring process is designed to be inclusive, accessible, and free from bias. We are committed to meeting the accessibility needs of persons with disabilities in a timely manner, consistent with the principles of dignity, independence, equal opportunity and integration. If you require accommodations at any stage of the recruitment process, please let know, by contacting Human Resources
Pay: From $53,000.00 per year
Benefits:
- Casual dress
- Company events
- Company pension
- Dental care
- Disability insurance
- Extended health care
- Life insurance
- Mileage reimbursement
- On-site parking
- Paid time off
- Vision care
Application question(s):
- Are you able to commute to the corporate office every day for this in-person position?
- Do you have an Anti-Money Laundering designation, such as CAMS (Certified Anti-Money Laundering Specialist) or CAMLI (Canadian Anti-Money Laundering Institute) credentials?
- What are your annual salary expectations for this position?
Experience:
- Anti-money laundering: 2 years (preferred)
Work Location: In person
