Anti-Money Laundering Analyst, Wealthsimple
1 Year Contract
Professional investing services made simple
Job no longer available
Professional investing services made simple
1001+ employees
Job no longer available
1001+ employees
Company mission
To help everyone achieve financial freedom.
Role
Who you are
- Are you interested in learning about Canada’s regulatory environment and financial crimes - then this is the role for you!
- 1+ years of experience in financial technology or a technology-driven financial services firm
- Experience in AML/CTF programs is a bonus
- A high level of precision and attention to detail, ensuring accuracy and thoroughness in reviews
- Resourceful, persistent and able to thrive in a fast paced environment
- Ability to prioritize multiple tasks and meet deadlines in a fast-paced environment
- Ability to adapt to changing priorities and requirements, and stay up-to-date with changing regulations and industry standards
- Ability to analyze datasets and identify anomalies and patterns
- Ability to take ownership with a proactive, not reactive, approach
- Great communication skills, both verbally and via written reports
- Passion about technology, and eager to learn about the AML industry
- Please note you must be based in Canada to be eligible for this role
What the job involves
- The Anti-Money (AML) Laundering Operations team is responsible for the detection, response and elimination of inherent and residual money laundering and terrorist financing risks at Wealthsimple
- In this role you will learn/understand:
- The different types of money laundering and terrorist financing risks faced by Wealthsimple and what a risk-based approach means
- Wealthsimple’s regulatory obligations, policies and procedures to combat money laundering and terrorist financing
- How AML Operations reduces risk to Wealthsimple
- The due diligence process and its related information sources
- The process for identifying and reporting suspicious client activity
- Analyze and investigate alerts that are generated using standard policies, procedures and tools, aimed at meeting internal and external AML regulatory requirements
- Alerts include, but are not limited to:
- Automated Transaction Monitoring
- Cryptocurrency AML Ledger Screening
- Name Screening matches against relevant Adverse Media, PEP, Economic Sanctions and Terrorism Lists
- Enhanced Due Diligence Reviews (High Risk Clients, Politically Exposed Persons)
- Engage in critical thinking and leverage data analysis techniques and pattern detection to uncover financial crime
- Utilize internal systems and tools for obtaining information and documenting alert dispositions
- Manage multiple alerts at a time and maintain Service Level Agreements within specified timeframes
- Participate in calibration sessions with peers and relevant internal staff to identify financial crime trends
Our take
Wealthsimple is one of a crop of robo-advisors trying to democratise investment management. These companies are disrupting the industry by automating many of the processes involved in investment, removing the need for human advisors.
But while other so-called robo-advisors are focused on courting the high end of the market, Wealthsimple is trying to provide the same types of tools and advice to all users, regardless of the amount they have to invest.
Wealthsimple does have higher fees than some other robo-advisors such as Betterment and Charles Schwab. However, the company believes that it provides a more user-friendly platform, tailored to millennials who will be attracted to Wealthsimple due to its ease of use and social impact offerings.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-10% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Oct 2025
$395.2m
LATE VC
May 2021
$538.9m
LATE VC
Total funding: $1.2bn
Company benefits
- Retirement savings matching plan through Wealthsimple Work
- Company equity for full-time employees
- Access to Premium Client perks, including personal finance learning & advice and a boosted interest rate on deposits
- Paid parental leave (6 months topped up to 100% of salary)
- 20 vacation days per year
- 90 Days Away program
- Top-tier health benefits
- Life & disability insurance
- Generous sick and mental health days
- Employee resource plan including services like RMT, psychology, and physiotherapy
- Up to $5,000 per year for mental health supports
- Gender Affirmation benefits
- Up to $1,500 per year for professional development
- Up to $1,500 per year for wellness and home office expenses
- Employee resource groups
- Social impact hours
Company HQ
Fashion District, Toronto, ON
Leadership
Michael Katchen
(Co-Founder & CEO)Previously worked as a Business Analyst at McKinsey and then at Ancestry.com as Country Director for Canada.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 17 more jobs at Wealthsimple