Who we are!
Meridian OneCap Credit Corp (MOCC) is an equipment and finance company providing a broad range of financial services to businesses throughout Canada. Our parent, Meridian Credit Union, has over 70 years of banking history and is Ontario’s largest credit union.
MOCC is a provider of asset financing in the form of capital leases. We are committed to being the best provider of specialized equipment financing services to strategic vendors across Canada. Our service-oriented culture and exceptional group of professionals serves to provide our strategic partners with value-added service and constructive solutions.
Meridian OneCap Credit Corp provides customized leasing solutions both to help companies sell equipment and to companies that have chosen to lease equipment, rather than buy. For manufacturers and vendors, we enable you to provide your customers with a value-added service that helps your customers acquire equipment efficiently and gives your company a competitive edge. And for the end user, we can help you to preserve working capital in your business, while benefiting now from the use of the equipment.
Our team is known as industry leaders. We’ve earned our reputation through consistent delivery of financing programs with the most efficient transaction process and superior customer service. With the largest direct sales force within the Canadian market, it’s no wonder our customer service is unparalleled.
About Meridian OneCap (https://www.meridianonecap.ca/careers)
The role:
The OneCap Compliance Quality Control Specialist operates within Meridian OneCap’s Line 1b compliance function and is responsible for independently assessing the quality and effectiveness of Anti-Money Laundering (“AML”), Anti-Terrorist Financing (“ATF”), Sanctions Compliance (“SC”), and fraud-related operational outputs.
The role evaluates post‑funding documentation, reporting, and control execution to confirm adherence to internal policies, regulatory requirements, and established quality standards. This includes assessing evidentiary support, documentation defensibility, escalation quality, and the accuracy and timeliness of required reporting.
The Specialist also performs targeted quality control testing over fraud-related controls and workflows that intersect with AML operations and delivers consolidated quality insights and trend reporting to the Meridian Credit Union (“Meridian”) Fraud Management & Corporate Security team.
In addition, the role contributes to the ongoing development and maturity of the Quality Control (“QC”) Program, supports audit and regulatory exam readiness, identifies root causes and emerging risk trends, and recommends process, control, and reporting enhancements to strengthen overall compliance effectiveness.
Key Responsibilities
Tactical
- Execute risk-based quality control testing over AML/ATF/SC and fraud-related operational outputs in accordance with the approved QC framework.
- Perform post‑funding sampling and testing to assess documentation quality, policy/regulations adherence, evidentiary sufficiency, and reporting accuracy.
- Validate that findings, conclusions, and remediation recommendations are adequately supported and meet evidentiary and retention standards.
- Conduct QC testing over fraud-related controls, including escalation timeliness, fraud risk indicator assessment, and operational risk loss‑event reporting quality; identify trends and recommend potential control, process, or system enhancements.
- Support Fraud Management and Corporate Security (“FMCS”) to coordinate with Law Enforcement on recovery and investigation of instances of OneCap fraud. Support tactical asset recovery and fraud investigation functions as appropriate.
Strategic Oversight
- Support the design, ongoing refinement, and execution of the AML/ATF/SC and Fraud Quality Control strategy, ensuring scope appropriately addresses evolving regulatory expectations and emerging ML/TF, sanctions evasion, and fraud risks.
- Act as a subject matter contributor to continuous improvement initiatives by identifying control gaps, systemic issues, and opportunities to strengthen policies, procedures, systems, and workflows.
- Coordinate responses and supporting documentation for internal audit, external audit, and regulatory exams related to MOCC Operations.
- Contribute to fraud risk assessments for new products/processes. Participate in control enhancement initiatives driven by emerging risks.
- Participate in the RSCA and assist in documentation of OneCap risks, including AML, and internal/external fraud risk.
QC Documentations & Audit Readiness
- Maintain complete, defensible, and audit‑ready QC work papers in accordance with established standards.
- Support audit and regulatory exam activities by coordinating information requests, validating accuracy of submissions, and ensuring timely responses.
Reporting & Issue Management
- Produce regular AML/ATF/SC and Fraud QC reporting for OneCap leadership, CAMLO/Deputy CAMLO, and applicable Meridian partners, including defect trends, root‑cause analysis, and remediation status.
- Track issues through resolution and contribute insights to governance reporting and policy and procedure enhancement initiatives.
Required Knowledge/Skills:
- Strong working knowledge of FINTRAC, PCMLTFA, and related regulations, with ability to apply guidance to operational activities.
- Demonstrated expertise in risk based QC/QA methodologies, including sampling, testing, defect analysis, and remediation validation.
- Proven ability to produce audit defensible QC work papers and management reporting suitable for audit and regulatory review.
- Solid understanding of fraud typologies, fraud risk assessments, fraud indicators, escalation processes, fraud control systems and strategies, and operational risk loss event reporting.
• Strong knowledge of equipment financing and leasing, including Personal Property Security Act (“PPSA”) and Perfect Money Security Interest (“PMSI”) concepts and documentation requirements.• Strong organizational skills; able to manage competing priorities with minimal supervision.
- Working knowledge of federal and provincial privacy legislations.
- Proficient in Microsoft Office (Excel, Word, Outlook, and SharePoint).
- Excellent written and report writing skills
- French (oral and written) is an asset.
This role represents a new vacancy. Internal candidates are being considered as part of our standard process.
Salary Range: $68,800- $90,000 annually.
Compensation for this role is based on a combination of skills, experience, and internal equity. Candidates with stronger alignment to the role’s requirements may be placed higher within the range. Your recruiter will share more information about our total rewards package during the hiring process.
Office Location: Toronto or Vancouver Corporate Offices. This is a hybrid opportunity.
Meridian OneCap has a remote work policy that allows flexibility for employees to work remotely but also requires our employees to attend the office minimum one day per week. The intention is for purposeful meetings to collaborate, innovate and build effective relationships with your team, your colleagues and your leader which is important to us.
What's in it for you?
- We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!
- We provide you with the tools and technology needed to delight your candidates and clients!
- You'll get to work with and learn from diverse industry leaders, who have hailed from top organizations around the world
- Hybrid work arrangements with in-person office time to collaborate, innovate and build relationships with your colleagues
- This isn't your typical "corporate" job. We work hard and we have fun!
At Meridian OneCap, we’re not just adapting to the future—we’re shaping it. We see talent as a catalyst for sustainable growth, community impact, and future-readiness. As the financial landscape evolves, we’re looking for team members who bring:
- Embedding & leveraging technology – Confidence and willingness to learn and integrate AI and emerging technologies into new ways of working. Experience with low/no code tools like the Microsoft Power Platform and generative AI productivity tools like Microsoft Copilot is considered an asset
- Critical Thinking – The ability to analyze, evaluate and interpret information from various sources and apply logic and problem solving to make decisions.
- Data Driven– Leverage data and insights to identify, prioritize and improve member experience and business efficiency.
- Curiosity & Flexibility – Comfortable navigating and embracing change and uncertainty, ask more questions, explore more options. Continuously learn and grow.
Our Commitment to You
Meridian OneCap is committed to promoting an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to employing a workforce that reflects the diversity of our communities and Members in which we live and serve.
Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, or disability.
Please note that due to the volume of applications, only those under consideration will be contacted for an interview.
Thank you for your interest in Meridian OneCap.
Meridian only posts jobs on our official Careers Site, LinkedIn, and Indeed. If you find a Meridian job posting on any other site, please verify it by ensuring it directs back to our official career page. Meridian never asks candidates to apply through third‑party links that do not redirect to our Careers portal (UltiPro). For more tips on how to protect yourself from job scams visit Protect yourself from job scams | Meridian (https://www.meridiancu.ca/about-meridian/security-centre/common-scams/job-scams).
Required
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3 year(s): Experience in AML/ATF compliance, fraud risk, investigations, and/or quality control, assurance, or audit functions
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5 year(s): Experience in commercial finance operations within a regulated environment. Equipment leasing experience is an asset.
Required
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Regulatory Compliance
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Critical thinking
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Collaboration
