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QA Specialist, FINTRAC (Contract)

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Scotiabank

Jul 26, 2024

Applications are closed

  • Job
    Full-time
    Mid-level (3-4 years)
  • Toronto

Requirements

  • A recognized under-graduate degree in a business or technical discipline (Accounting, Finance, or a related field) with a minimum of 3 years of related experience.
  • Must have strong knowledge of regulatory compliance, particularly with respect to FINTRAC regulatory reporting (including SWIFT, NON-SWIFT EFT and LCTR)
  • Experience with SWIFT EFT (e.g., MT 103, MX messages), Non-SWIFT or LCTR.
  • Good understanding of FINTRAC reporting and regulatory requirements.
  • Knowledge of AML, Fraud and BNS client systems.
  • Good interpersonal and communication skills, and to ability exercise diplomacy and judgement, to effectively work with end users, members of project teams, and stakeholders across the global organization.
  • High Proficiency with languages and tools: VBA and Advanced Microsoft Excel
  • Proven ability to effectively analyze large amounts of transactional and case management data.
  • Proven creative, initiative-taker, results-oriented, and highly motivated individual with good analytical skills in order to apply this knowledge to improve existing solutions and assist in the development of AML/ATF strategies.
  • A proven ability to critically assess, prioritizes tasks, and delivers meaningful results in a challenging environment.
  • Basic knowledge of operational processes including best practices, current and anticipated regulatory requirements, Back Office processes, and the end-to-end workflows among the Front and Back Offices.
  • ACAMS Certification an asset

Responsibilities

  • Review, validate and correct (as needed) Large Cash Transaction (LCT), Electronic Funds Transfer (EFT) and Ministerial Directive (MD) reports for submissions to FINTRAC.
  • Monitor LCT, EFT reports for submissions to FINTRAC ensuring that reports are filed on time.
  • Use excel to review and correct reports requiring quality assurance (QA) corrections.
  • Identify, track, and communicate system improvement opportunities and analytic defects, and participate in the implementation process.
  • Assist in the creation and maintenance of analytical tools and reporting dashboards (e.g., Power BI) in respect to FINTRAC regulatory reporting.
  • Support and continuously improve the on-going initiatives in respect to AML regulatory reporting to FINTRAC, by providing ad hoc reporting, monitoring efficiency/effectiveness of reporting, soliciting feedback, and critically assessing procedures.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risks.
  • Champion a high-performance environment by collaborating within team members, fostering an inclusive work environment; communicating vision/values/business strategy.
  • Identify unacceptable AML risks and escalating appropriately to the QA Manager or QA Senior Manager, Regulatory Reporting.

FAQs

What is the main responsibility of a QA Specialist at FINTRAC?

The main responsibility of a QA Specialist at FINTRAC is to scrutinize and evaluate FINTRAC regulatory reports, focusing on quality assurance and the timeliness of reporting.

What types of reports will the QA Specialist review and validate?

The QA Specialist will review and validate Large Cash Transaction (LCT), Electronic Funds Transfer (EFT), and Ministerial Directive (MD) reports for submissions to FINTRAC.

What tools and platforms should the candidate be proficient in?

The candidate should have high proficiency in VBA and Advanced Microsoft Excel, and experience with analytical tools like Power BI is advantageous.

What qualifications are required for this position?

A recognized undergraduate degree in a business or technical discipline (such as Accounting or Finance) along with a minimum of 3 years of related experience is required. Knowledge of regulatory compliance, particularly with respect to FINTRAC, is essential.

Is ACAMS certification preferred for this role?

Yes, having an ACAMS Certification is considered an asset for this role.

What are the expectations regarding communication and interpersonal skills?

Candidates should possess good interpersonal and communication skills, with the ability to exercise diplomacy and judgment to work effectively with end-users, project team members, and stakeholders across the organization.

Will there be support for career development in this role?

Yes, the role offers access to career development and progression opportunities to help you advance in your career.

What kind of team environment can a candidate expect?

Candidates can expect to be part of a diverse, collaborative, innovative, and high-performing team that values inclusion and accessibility.

How does Scotiabank support work-life balance for its employees?

Scotiabank promotes work-life balance through team events, community participation opportunities, and a competitive rewards package for its employees.

What should candidates do if they require accommodation during the recruitment process?

Candidates requiring accommodation, such as an accessible interview site or alternate format documents, should inform the Recruitment team during the recruitment and selection process.

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Scotiabank

Finance
Industry
10,001+
Employees

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