Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.
What we offer:
Work-life flexibility
Hybrid work environment
Variable annual incentive plan
Generous annual vacation allotment
Top-notch flexible benefits plan including family building and gender affirmation
Retirement Plan, matched contributions at 6%
Access to a learning platform and educational assistance support
Access to a virtual wellness platform
Career development opportunities
Wellness Flex Fund to support personal interest and activities
Day off to volunteer in your community and other paid time off options
Corporate discounts
*subject to employment agreement
Job Summary:
Central 1 is hiring a Senior Compliance Analyst to lead key compliance efforts in areas like AML/CTF, Privacy, and Anti-Bribery and Corruption. This role focuses on research, analysis, and oversight to mitigate risks and align compliance activities with corporate goals. Join us to promote a strong culture of compliance and drive organizational success!
*We are looking for BC based candidates*
What you'll be doing:
- Support the ongoing improvement and daily operations of the compliance risk management framework.
- Create and review regular and annual risk assessments.
- Provide subject matter expertise on compliance and AML/CTF matters to internal business lines
- Review compliance documents (e.g., policies, standards, procedures) to ensure strong governance and internal controls.
- Stay up-to-date on compliance requirements, including laws, regulations, financial trends, and best practices, both locally and internationally.
- Collaborate with other departments to help design and implement risk management controls for compliance.
- Assist with internal communications, awareness campaigns, and training to promote a strong compliance culture.
- Conduct due diligence to identify and report suspicious activities, such as money laundering, terrorism financing, or sanctions violations.
- Meet Central 1’s service and quality goals by ensuring timely and effective communication.
- Help prepare reports for executives and board members to support business decisions.
- Manage the compliance inbox and address inquiries, including:
- Commercial lending AML reviews, enhanced due diligence (EDD), and sanctions screening.
- Respond to requests from correspondent banks, counterparties, and law enforcement.
- Publish required sanction notices and updates.
- Manage administrative tasks, such as vendor relations and regulatory reporting.
- Implement special monitoring measures for high-risk clients and review their activities to ensure compliance with internal protocols.
- Perform other duties as needed.
What you'll have:
- University degree in a relevant field.
- 5-7 years of experience in compliance and/or risk management.
- Prior experience in the credit union system or with a financial services organization serving credit unions is a strong asset.
- One or more of the following certifications:
- CAMS (Certified Anti-Money Laundering Specialist)
- CFE (Certified Fraud Examiner)
- CRM (Certified Risk Manager)
- Hands-on experience with compliance risk assessments, risk management, monitoring, reporting, and developing policies, standards, and procedures.
- Strong understanding of compliance risks in credit unions, insurance, investments, and broader financial services.
- Experience implementing or supporting compliance risk assessment methods tailored to different business areas, including applying controls to reduce risks.
- Broad exposure to various compliance areas within credit unions and financial services.
- Familiarity with incident management, audit remediation, and issue tracking systems.
- Deep understanding of trends in the financial industry, credit union systems, and regulatory frameworks.
- Outstanding interpersonal skills with the ability to build relationships at all organizational levels.
- Excellent analytical and problem-solving skills with a sharp eye for detail.
- Ability to navigate ambiguity, prioritize effectively, and work under pressure.
- Strong written and verbal communication skills, capable of simplifying complex compliance topics for different audiences.
- Self-motivated, collaborative, and a team player.
- Committed to ongoing learning to stay current in the field.
- Proven ability to manage cross-functional relationships in dynamic, high-demand environments.
Salary range: $75,000-$85,000
The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.
#LI-Hybrid
Central 1 does not use Artificial Intelligence (AI) technology to screen, assess, or select applicants during our recruitment process. This job posting is for an existing, specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.
Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.