Tracy Lan
Vaughan,ON
Summary
Highly accomplished and solution-driven Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) professional with over 10 years of progressive experience in financial crime investigations, regulatory compliance, and oversight within leading financial institutions. Recognized Subject Matter Expert (SME) in AML program management, risk assessment, and process optimization. Proven ability to lead critical initiatives, enhance operational efficiency, and drive compliance with evolving regulatory landscapes (FINTRAC, OSFI, FATF). Adept at leveraging advanced analytical tools and fostering collaborative relationships to strengthen financial crime controls.
Overview
13
13
years of professional experience
2
2
Certifications
Work History
Manager, AML Oversight/Advisory
PC Financial
Toronto, Ontario
06.2024 - Current
- Developed and implemented a robust AML Oversight Program, including its Framework and Test Methodology, proactively enhancing program effectiveness, efficiency, and overall compliance.
- Cultivated strong relationships with key stakeholders overseeing AML data processes, fostering critical cross-functional collaboration across diverse business functions, platforms, and legal entities.
- Managed critical vendor relationships, establishing QA standards, leading monthly calibration sessions, and overseeing offshore team training to ensure strict compliance with PCMLTFA, regulations, and internal corporate standards.
- Proactively identified and assessed risks relevant to compliance testing practices and Financial Crimes programs, continuously strengthening control frameworks.
- Executed enterprise-level Financial Crimes and AML projects, leveraging data analytics & in-depth knowledge of the regulations to optimize outcomes and enhance overall risk management and compliance.
Manager – Global AML Case Management
Royal Bank of Canada
Toronto, ON
11.2021 - 05.2024
- Served as a Subject Matter Expert (SME), provided critical advice and guidance to stakeholders across business lines on account violations (BTP, MSBTP, ULRG, VCETP, SVP), and initiated abridged de-market procedures.
- Documented rationale for alert and case escalations, Level 2 actions, or closures, mitigating risk to the bank.
- Escalated trends and issues to Senior Management, proposing improvements to workflow, processes, and tools.
- Engaged in the Quantexa Pilot Program and contributed to the evaluation of advanced AML solutions.
Manager – Global AML Alert Analysis Team
Royal Bank of Canada
Toronto, Ontario
08.2015 - 10.2021
- Managed daily operations to ensure RBC maintained a proactive and risk-based AML & ATF program across multiple jurisdictions and lines of business.
- Reviewed AML/ATF transaction monitoring alerts and Unusual Transaction Reports, adjudicated escalations, and recommended further investigations to strengthen compliance.
- Modified Account Transactions (ACTS) reports and supported data quality/integrity efforts, enhancing effectiveness of Transaction Monitoring (TM) rules.
- Engaged in specialized Capital Market AML rule development and investigations, including CM New Equities rules and CM Foreign Exchange Rules & Alert Investigations, to improve regulatory compliance.
EDD Analyst - High Risk Team
Bank of Montreal
Toronto, ON
04.2015 - 08.2015
- Conducted EDD reviews of high-risk clients, assessing inherent risks to inform Senior Management's decisions on client retention or de-marketing.
- Assigned risk ratings to Personal and Commercial Retail Banking clients per BMO’s risk rating methodology, enhancing risk assessment accuracy.
- Prepared comprehensive reports of findings and recommendations for Senior Management, facilitating informed decision-making.
- Mitigated and managed AML/ATF risk exposure by completing standardized assessments and ensuring compliance with BMO policies.
AML Investigator
Bank of Montreal
Toronto, ON
10.2014 - 03.2015
- Conducted investigations on system generated alerts by using an end-to-end risk-based approach to identify unusual activities to money laundering or terrorist financing
• Determined level of suspicious activity and recommend whether a Suspicious Transaction Report (STR) is warranted; filed STRs to FINTRAC within prescribed guidelines and statutory timeframes
Premium Banker
HSBC Bank Canada
Toronto, Ontario
05.2013 - 07.2014
Education
Certified Transaction Monitoring Associate -
ACAMS
01-2022
Certified Anti-Money Laundering Specialist -
ACAMS
01-2018
Master of Finance -
Queen's School of Business
Kingston, ON01-2012
Bachelor - Business Management & Organizational Studies
Western University
London01-2006
Skills
- AML/ATF Expertise: Financial Crime Investigations, Transaction Monitoring, Enhanced Due Diligence (EDD), Name Screening, Sanctions compliance management, KYC/CDD, Risk Assessment, Policy Development, STR Filings & FINTRAC reporting
- Systems & Tools: Norkom, Verafin, Quantexa, FINSCAN, Interac, WorldCheck, DowJones, Bloomberg Terminal, MS Office Suite, Open-Source Research
- Data Analysis, Trend Identification, Reporting, Performance Metrics, Root Cause Analysis
- Project Leadership, Stakeholder Management, Process Improvement, SOP Development, Training & Mentorship, Cross-functional Collaboration
- Soft Skills: Strategic Thinking, Problem-Solving, Communication (Written & Verbal), Critical Thinking, Adaptability, Relationship Building
Certification
Certified Anti-Money Laundering Specialist (CAMS)
Accomplishments
Awarded "Risk Superstar" at PCB twice for exceptional contributions to risk identification and mitigation.
Timeline
Manager, AML Oversight/Advisory
PC Financial
06.2024 - Current
Manager – Global AML Case Management
Royal Bank of Canada
11.2021 - 05.2024
Manager – Global AML Alert Analysis Team
Royal Bank of Canada
08.2015 - 10.2021
EDD Analyst - High Risk Team
Bank of Montreal
04.2015 - 08.2015
AML Investigator
Bank of Montreal
10.2014 - 03.2015
Premium Banker
HSBC Bank Canada
05.2013 - 07.2014
Certified Transaction Monitoring Associate -
ACAMS
Certified Anti-Money Laundering Specialist -
ACAMS
Master of Finance -
Queen's School of Business
Bachelor - Business Management & Organizational Studies
Western University