AML Investigator

Canadian Imperial Bank of Commerce • Chicago, IL

59d • Hybrid

About The Position

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. To learn more about CIBC, please visit CIBC.com CIBC's Financial Intelligence Unit (FIU) has oversight over all investigative aspects of CIBC's Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) program, including high risk client identification and management, periodic review, transaction monitoring and operations. As a Anti-Money Laundering (AML) Investigator, you will play a critical role in detecting and preventing financial crimes within our organization. Your responsibilities will include analyzing financial transactions, identifying suspicious activities, and ensuring compliance with AML regulations. You'll work closely with the AML team to maintain the integrity of our financial systems and protect against money laundering and terrorist financing. At CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 2-3 days per week on-site, while other days will be remote

Requirements

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way. You possess the ability to identify patterns and anomalies.
• You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision-making. You analyze financial data with precision and thoroughness.
• You think critically. You evaluate complex situations and make informed decisions.
• You embrace and advocate for change. You continuously evolve your thinking and the way you work to deliver your best. You stay current with changing AML trends and regulations.
• You are organized and manage time well. You manage multiple tasks efficiently while adhering to deadlines. You prioritize tasks effectively.
• You possess excellent communication skills: You collaborate with colleagues and report findings clearly in both written and verbal formats.
• You have a Bachelor's degree/diploma in Finance, Accounting, Business, or a related field, or equivalent job experience in banking preferred.

Nice To Haves

• It's an asset if you possess a minimum of 1-2 years of investigative or related experience with an emphasis on AML/ATF. You possess knowledge of banking product and service offerings and Intermediate Excel skills (use and creation of pivot tables/charts, using lookup functions, data validations, etc.).
• You're a certified professional. It's an asset if you have current accreditation and good standing in relevant certifications (e.g., CAMS, CFCS, CAFP).

Responsibilities

• Transaction Monitoring -Review and analyze financial transactions. Identify patterns of suspicious activity that may indicate money laundering or other financial crimes. Report any illicit activities promptly.
• Risk Assessment - Evaluate the risk associated with specific transactions or clients. Determine the likelihood of money laundering or other illicit activities.
• Suspicious Activity Reporting (SAR): Prepare SARs based on identified suspicious transactions. Collaborate with law enforcement and regulatory authorities as needed. Maintain confidentiality of reports and documentation as required by law.
• Data Analysis: Utilize Excel and other tools to analyze transaction data. Identify anomalies and patterns indicative of money laundering.
• Regulatory Knowledge: Stay informed about evolving AML regulations and industry best practices.
• Collaboration: Communicate effectively with lines of business to obtain information or documentation necessary to analyze transactions. Assist in AML-related projects and assignments.

Benefits

• At CIBC, we offer a competitive total rewards package.
• This role has an expected salary range of $69,200.00 - 90,000 USD Annual for the market based on experience, qualifications, and location of the position.
• The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which may also include a discretionary bonus component.
• CIBC offers a full range of benefits and programs to meet our employee's needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members
• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees