Manager, AML

EQ Bank | Canada's Challenger Bank • Toronto, ON

54d • Hybrid

About The Position

The Manager, AML FIU is responsible for the implementation of appropriate Anti-Money Laundering and Anti-Terrorism Financing (collectively referred to as “AML”) compliance policies and procedures that meet and/or exceed regulatory requirements and industry standards within a dedicated area of the Bank’s AML Program. The Manager, AML is primarily responsible for overseeing the day-to-day operations of the AML program within key areas such as transaction monitoring, name-screening, reporting of Suspicious Transactions, management of outsources operational activities and escalations.

Requirements

• Minimum undergraduate degree, preferably in Business, Commerce or equivalent.
• Five to seven years of AML/ATF experience at a Canadian Financial Institution.
• CAMS certified (preferred) or enrolled to be completed within 6 months.
• Must have a Canadian compliance (AML/ATF) background and have a working understanding of the PCMLTFR FINTRAC Guidelines.
• Must have experience in investigations, name-screening, high risk customer management and Enhanced Due Diligence processes in a Canadian Banking Institution.
• Must have experience in quality reviews of AML alerts/cases.
• An understanding of Financial Services is required, experience with credit cards would be an asset.
• Previous people-managing experience is required.
• Previous experience working with outsourced partners or vendor management is an asset.
• The ability to assist in interpreting legislation and changes in regulatory requirements and to assist business partners in understanding and applying the required changes.
• Strong communication and interpersonal skills with the ability to foster and develop relationships both internally and externally with regulatory stakeholders.
• A good team player who is also able to work independently in a fast-paced environment.
• PC skills including MS Office (Word, Excel, Access, PowerPoint) and internet navigation; experience with various name-screening/transaction monitoring/core banking systems is an asset.
• Motivation and willingness to learn new computer programs/applications as required.
• Strong organization skills.
• Ability to work independently with minimal supervision and ability to work in an agile environment, namely pivot and prioritize work in accordance with department priorities and risks.

Nice To Haves

• experience with credit cards would be an asset.
• Previous experience working with outsourced partners or vendor management is an asset.
• experience with various name-screening/transaction monitoring/core banking systems is an asset.

Responsibilities

• Monitor the Bank’s AML/ATF program to ensure compliance with all Legislative and Regulatory requirements.
• Provide support and guidance on adjudication of alerts generated as a result of transaction monitoring of PC Bank’s portfolio on effectiveness of review and relevant money-laundering/terrorism-financing indicators.
• Provide support and guidance on adjudication of alerts generated as a result of name-screening of PC Bank’s portfolio against PEPs, Sanctions and Negative News.
• Manage the escalation process which includes Quality Reviews of investigator notes, determination of suspicious activity and Reasonable Grounds to Suspect thresholds, recommendations to exit the relationship with the customer and other risk considerations.
• Develop and maintain internal Standard Operating Procedures and Job Aids related to operational activities of the AML Program.
• Develop and maintain a Performance Management Framework to manage quality, timeliness and effectiveness of investigators performing daily reviews of alerts and accounts.
• Manage the relationship with outsourced partners, including identifying opportunities for operational effectiveness, monitoring quality results, coordinating of audits and examinations and vendor risk assessments.
• Support the Regulatory Governance framework by periodically reviewing governing legislation and regulations and recommend processes, procedures and oversight tests are amended to mitigate risks as it pertains to AML FIU and operations.
• Keep the CAMLO and the AML team appraised of any issues, system delays, vendor concerns and non-compliance incidents as part of ongoing conversations.
• Participate in new product and technologies implementation initiatives and projects, as required.
• Directly manage the performance of the analysts within the AML FIU, including supporting of goal and target setting, quality monitoring, career development and learning and training opportunities.
• Collaborate with the AML team on various initiatives that may overlap throughout various projects and processes or when support is needed due to shifting priorities.
• Additional accountabilities as required.

Benefits

• Competitive discretionary bonus
• Market leading RRSP match program
• Medical, dental, vision, life, and disability benefits
• Employee Share Purchase Plan
• Maternity/Parental top-up while you care for your little one
• Generous vacation policy and personal days
• Virtual events to connect with your fellow colleagues
• Professional development and comprehensive Career Development program
• A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

What This Job Offers

• Job Type: Full-time
• Career Level: Manager