AML Operations - Analyst, Crypto (1-year contract) at Wealthsimple

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Cryptocurrency, Financial ServicesIndustries

Requirements

1+ years of experience with a cryptocurrency exchange conducting AML/CTF and blockchain investigations. Working experience with blockchain investigation/analysis tools (such as Chainalysis) is a must-have
2+ years of AML/CTF experience with a financial institution or financial services company
Thorough understanding of AML/CTF risks and regulations, and crypto crime typologies
Knowledge of transaction monitoring and name screening processes
Experience performing AML/CTF investigations including writing detailed cases, providing recommendations, and filing of regulatory reporting
High level of precision and attention to detail
Investigative mentality; identifies gaps and challenges, asks the right questions at the right time, and looks beyond the obvious for solutions
Ability to do independent research
Resourceful, persistent and able to thrive in a fast paced environment
Ability to take ownership with a proactive, not reactive, approach
Great communication skills, both verbally and via written reports
Passionate about technology, and eager to grow in the crypto and AML industries

Responsibilities

Review and adjudicate alerts generated using standard policies, procedures, and tools aimed at meeting internal and external AML regulatory requirements. Alerts include: Cryptocurrency Transaction Monitoring alerts, Cryptocurrency AML Ledger Screening, Fiat Transaction Monitoring alerts, Name Screening matches against relevant Adverse Media, PEP, Economic Sanctions and Terrorism Lists, Unusual Transaction Reports (UTR)
Document and report investigation findings and prepare comprehensive case files with required supporting documentation
Draft Suspicious Transaction Reports (STRs) and Large Virtual Currency Transaction Reports (LVCTRs) for filing to FINTRAC
Engage in critical thinking and leverage data analysis techniques and pattern detection to uncover financial crime
Manage multiple alerts/cases at a time and maintain Service Level Agreements within specified timeframes
Participate in bi-weekly calibration sessions with peers and relevant internal staff to shape and enhance the growth of the team and the AML program overall
Work collaboratively with peers and managers to help drive execution, meet quality and production goals and deadlines

Skills

AML

CTF

Cryptocurrency

Transaction Monitoring

Alert Investigation

Name Screening

PEP

Sanctions Screening

Adverse Media

Suspicious Transaction Reports

STR

Case Management

Wealthsimple

Digital platform for investing and financial management

About Wealthsimple

Wealthsimple provides a range of financial tools that help individuals manage their money effectively. Their services include automated investing, where users can set up investment accounts that automatically adjust based on market conditions, and commission-free stock trading, allowing users to buy and sell stocks without paying fees. They also offer cryptocurrency investments for those interested in digital currencies and a straightforward tax filing service that is designed to be quick and user-friendly. Wealthsimple stands out from its competitors by focusing on young professionals and tech-savvy individuals, providing a digital platform that is easy to navigate and understand. The company's goal is to simplify financial management, making it accessible to everyone by using technology to create a more personal and approachable experience in finance.

Toronto, CanadaHeadquarters

2014Year Founded

$826.6MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Life Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Unlimited Paid Time Off

Professional Development Budget

Wellness Program

Remote Work Options

Paid Holidays

Risks

Increased competition from zero-commission brokers could erode Wealthsimple's market share.

Invite-only rollout of Wealthsimple Cash may limit user adoption and growth.

Rapid cryptocurrency adoption pressures Wealthsimple to innovate its offerings continuously.

Differentiation

Wealthsimple offers a human-centric approach to finance with user-friendly digital tools.

The company provides a seamless platform for investing, trading, saving, and tax filing.

Wealthsimple targets young, tech-savvy professionals seeking accessible financial management solutions.

Upsides

Wealthsimple's AUA reached $50 billion, indicating strong market presence and growth potential.

The rise of AI-driven advisory services can enhance Wealthsimple's personalized investment offerings.

Fractional shares' popularity aligns with Wealthsimple's target demographic, boosting user acquisition.

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