Senior Consultant, AML Advisory

CIBC•Toronto, ON

1d•Hybrid

About The Position

Reporting to the Senior Director, AML Advisory, the Senior Consultant, AML Advisory will be part of the EAML Advisory team overseeing the AML program for the Innovation, Technology and Payments group-supported Business units (BUs) such as ASG (Alternate Solutions Group), Technology, Infrastructure, and Innovation and Simplii Digital Bank. As the Senior Consultant, you will support the assigned Anti-Money Laundering officer and act as the steward of the AML program for the Business Units you support through your commitment to enhancing AML/ATF oversight by providing AML/ATF expertise and guidance to the Lines of Business on the ML/TF risk of their products, services, and delivery channels and providing primary oversight of their compliance with AML/ATF regulatory requirements and management of ML/TF risks through the implementation of the requirements outlined within the AML Policy and associated Standards. Your effective communication skills with leaders and employees of all levels, understanding of the business as well as AML/ATF Regulations will contribute to your success. 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 1-3 days per week on-site, while other days will be remote.

Requirements

5 years of AML experience in the financial services industry, preferably in an advisory function, providing specialist advice and counsel on complex AML/TF matters to business functions to ensure AML/TF requirements are fully met.
Demonstrate experience in working on projects in the financial services industry for a minimum of 5 years.
Previous experience with acting as a project SME, ensuring deliverables are executed within the project scope and prescribed timeframes.
Possess strong organization, administration and presentation skills.
Experience in constructing presentations for an executive audience.
An undergraduate degree combined with extensive experience in disseminating regulatory information and being conversant with Line of Business obligations.
Act like an owner. Thrive when you're empowered to take the lead, go above and beyond, and deliver results.
Be a self-starter and autonomous and be able to navigate around and through ambiguity when necessary.
Not afraid of having difficult conversations when need be to protect the bank.
Be organized and able to manage multiple long-cycle initiatives at the same time while performing the BAU oversight activities.
Be passionate about finding a way to enable projects that are often new to the bank and develop partnership both within EAML and with multiple business stakeholders.
Always looking to improve and find improvement opportunities in processes.
Values matter. Bring your real self to work and live our values – trust, teamwork, and accountability.

Nice To Haves

ACAMS certification or similar
Payments background and experience with digital offers, Fintechs, payment rails expertise (Swift or non-Swift) and alternative payment methods such as digital wallets, etc.
Previous experience with key controls and quality assurance testing, and deficiency management activities.

Responsibilities

Provide guidance and clarity on regulatory changes, communications and AML process changes that affect the Business Units you support through developing a strong understanding of the BU by proactively investigating BU practices.
Provide independent, specialized expertise and advice to the BU with respect to all potential ML risks and ensuring the BU implements AML controls, processes and procedures consistent with the CIBC’s AML regime while balancing a positive client experience.
Monitor business changes in the BU and disseminating regulatory information and changes.
Analyze and either support or lead AML/ATF risk and control assessment and implementation for BU initiatives.
Liaise with the business and internal stakeholders on assessment, project coordination, consolidating requirements and ensure all mitigations are in place prior to launch.
Develop strong relationships with the BU leaders & employees through regular meetings, presentations and interactions.
Participate actively in the management of the relationship by building and leading presentations, performing risk assessment and quality assurance activities and promoting the AML program and risk culture.
Act as the primary contact on day-to-day AML questions with the BU.
Act as a steward of the AML program working collaboratively with the business and other control groups to providing view of ML, TF and reputational risks, guidance and independent effective challenge to risk and control activities and deficiency management.

Benefits

competitive salary
incentive pay
banking benefits
a benefits program
defined benefit pension plan
an employee share purchase plan
a vacation offering
wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development