AML Analyst (12 month Fixed Term Contract)

About the role

This position invites you to join Wealthsimple's Anti-Money Laundering Program as a dedicated analyst focused on financial crime risk mitigation. You will play a crucial part in identifying and mitigating financial crime risks for our rapidly growing platform. In this capacity, you will investigate and analyze alerts to protect the integrity of our financial ecosystem. The role offers a significant learning experience in a dynamic regulatory environment where standards are constantly evolving. You will work within a team that handles both fiat and cryptocurrency transactions, gaining exposure to diverse financial products. Your work will involve close collaboration with cross-functional partners to address emerging compliance obligations. This is an opportunity to contribute directly to the security and compliance posture of a technology-driven financial institution.

Key facts

What you'll do

Investigate and analyze alerts generated by transaction monitoring systems and cryptocurrency ledger screenings to determine potential illicit activity.

Review names against lists for adverse media, politically exposed persons, sanctions, and terrorism to assess potential risks.

Conduct in-depth due diligence for high-risk clients and politically exposed individuals to verify identities and the legitimacy of transactions.

Utilize internal systems to gather information and document findings for alert dispositions in a clear and thorough manner.

Manage a caseload of alerts, ensuring adherence to service level agreements and regulatory response timeframes.

Participate in discussions to identify emerging financial crime trends and patterns that may impact the organization.

Analyze complex data sets to detect anomalies, correlations, and patterns that may indicate potential money laundering or fraud.

Communicate findings and recommendations effectively to stakeholders within a regulated financial services environment.

Support the continuous improvement of monitoring processes and documentation standards to meet evolving compliance requirements.

Assist in the testing and validation of new transaction monitoring rules to enhance detection capabilities.

Collaborate with technology and operations teams to resolve complex cases that require technical or procedural insights.

Stay current with changes in financial regulations and industry best practices to ensure ongoing compliance and accuracy in assessments.

Contribute to the development of internal policies and procedures related to anti-money laundering controls and risk management.

Provide support during audits and examinations by organizing documentation and providing clear explanations of investigative workflows.

Requirements

A minimum of 2 years of experience in an Anti-Money Laundering or Counter-Terrorist Financing role within a financial technology or technology-focused financial services company.

Demonstrated high attention to detail and accuracy in reviews to ensure findings are reliable and actionable.

Ability to prioritize tasks effectively and meet deadlines in a fast-paced setting where multiple cases require simultaneous management.

Capacity to adapt to evolving priorities and regulatory changes without compromising the quality of investigative work.

Proficiency in analyzing data to identify anomalies and patterns using structured approaches and logical reasoning.

A proactive approach to taking ownership of responsibilities and driving cases to successful completion with minimal supervision.

Strong verbal and written communication skills to articulate complex findings to both technical and non-technical audiences.

Commitment to maintaining confidentiality and exercising sound judgment when handling sensitive financial crime information.

Willingness to work within a remote Canadian framework while following all applicable legal and regulatory guidelines.

Ability to work independently and as part of a team, balancing individual responsibilities with collaborative case resolutions.

Understanding of basic financial products and services within the context of digital transactions and payment services.

Readiness to engage in continuous learning to keep pace with new financial crime tactics, technologies, and compliance obligations.

Demonstrated integrity and professionalism in applying regulatory knowledge to real-world scenarios.

Nice to have

Certifications such as CAMS or Chainalysis, or other relevant AML qualifications.

Skills & tools

Data analysis techniques

Pattern detection

Internal company systems and tools

Practical notes

This is a full-time, remote position based in Canada.

We are committed to building a diverse and inclusive team and encourage applications from all backgrounds.

We may AI tools to assist in the hiring process, with all final decisions made by human reviewers.