The Compliance Analyst, High Risk Accounts is responsible for ensuring that Bow Valley Credit Union (BVCU) maintains full compliance with regulatory requirements relating to money services businesses (MSBs), virtual assets, and cryptocurrency-related accounts. This role provides subject-matter expertise in anti-money laundering (AML), counter-terrorist financing (CTF), sanctions, and risk assessment, while supporting business operations and member relationships. The position supports risk management, conducts monitoring and reporting, and serves as a resource for staff and members to ensure the safe and compliant growth of BVCU.
Key Areas & Responsibilities:
Regulatory Compliance & Monitoring
Monitor MSB and crypto-related member accounts to ensure adherence to FINTRAC, CUDGC, and other applicable regulations
Conduct enhanced due diligence and risk assessments for high-risk accounts
Ensure policies, procedures, and controls for MSB and crypto compliance are up to date with evolving regulatory requirements
Review and file required regulatory reports (e.g., suspicious transaction reports, virtual currency transaction reports)
Responsible for FINTRACT Suspicious Transaction Reports (STRs), including the detailed itemization of each transaction associated with the suspicion, ensuring full compliance with the FINTRAC AML regulations and internal reporting procedures
Open Business Accounts for MSBs
Risk Management
Support the development and ongoing management of BVCU’s risk appetite for MSB and crypto-related activities
Identify trends and emerging risks in the virtual asset and fintech space
Recommend controls to mitigate exposure and ensure operational integrity
Internal Support & Training
Advise frontline staff, lending teams, and operations on MSB/crypto account requirements
Provide training and awareness programs on AML/CTF compliance related to MSBs and virtual assets
Collaborate with System Support to implement monitoring tools and technology solutions
Member & Stakeholder Relations
Serve as the primary point of contact for regulatory exams, audits, and inquiries related to MSB and crypto accounts
Support members engaged in MSB or crypto businesses by ensuring onboarding and account management requirements are clearly communicated and met
Qualifications:
Degree or diploma in Business, Finance, Compliance, or related field.
3–5 years of compliance or risk management experience in financial services; experience with MSB or crypto/virtual assets strongly preferred.
Strong knowledge of FINTRAC and PCMLTFA guidelines, and other AML/CTF frameworks
CAMS, CFCS, or equivalent compliance certification is an asset
Analytical skills with the ability to identify risks and recommend controls
Strong communication and interpersonal skills with the ability to balance regulatory requirements and member service
Requirements:
Strong ethical judgment and integrity
Attention to detail and accuracy
Regulatory and risk awareness
Collaboration and teamwork
Adaptability to changing regulations and technologies
Proven computer skills including Office 365, comfort with cloud-based platforms; DNA is an asset
Able to work in a fast-paced and dynamic environment with confidential information
THE FINE PRINT:
This position is on-site
Working Hours: Monday – Friday 8:30 am to 5:00 pm
Must be bondable and have legal authorization to work in Canada on a full-time basis for anyone other than current employer
APPLYING WITH BVCU:
BVCU is strongly rooted in the communities we serve and have built considerable success by delivering exceptional service and products to our members to help built a strong financial future. We take great pride in the communities and are committed to helping them thrive. Total compensation includes Flex Days, vacation, RRSP program, and benefits, including an HSA.
At BVCU, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants without regard to race, colour, religion, sex, and all other characteristic protected by law. We believe that diversity and inclusion is critical to our success, and we seek to recruit, develop, and retain our talent from a diverse candidate pool. The credit union reserves the right to change job accountabilities and responsibilities as business needs dictate.
BVCU thanks you for your application, but we will only be contacting successful applicants. Online applications only.
