Senior Consultant, EAML Policy & Regulation

CIBC•Toronto, ON

1d•Hybrid

About The Position

The Enterprise Anti-Money Laundering (EAML) Group is responsible for all aspects of CIBC's Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) regime. This includes developing policies and procedures, designing and delivering training, reviewing the activities of CIBC's business and infrastructure groups, and conducting investigations, such as receiving and analyzing information that may indicate money laundering, terrorist financing, sanctions evasion or violation, or other high-risk activities. As the Senior Consultant, EAML Policy & Regulation, you will report to the Director, Enterprise AML Policy & Regulation. In this role, you will provide meaningful insight on regulatory expectations, emerging risks and key events while horizon scanning for regulatory change in Canada and conducting effective impact assessments. You will prepare briefings on key events and emerging risks, evaluating the impact of internal and external developments on CIBC’s risk position. You will be the ‘go to’ for EAML teams to understand regulations and will work closely with partners in policy development, advocacy and legal to genuinely understand the regulatory requirements and expectations. You will lead deep dive reviews into processes, controls, and business activities to identify and propose policy positions, appropriate mitigations and processes and the Bank’s risk appetite. This includes providing effective challenge, insightful reporting, and escalation of risks as needed. You will oversee the effective tracking, oversight and communication of regulatory changes in Canada, ensuring stakeholders are informed and prepared.

Requirements

Experience in interpreting and implementing regulatory regimes related to money laundering and/or terrorist financing.
Expert understanding of applicable AML/ATF laws and regulations and how regulatory requirements are implemented in business lines.
Solid judgment and problem-solving skills to provide input and advice to senior management for best compliance and risk management solutions.
Excellent communication skills, both written and oral.
Strong presentation and communication skills.
Ability to organize, track and report information on implementation activities.
Values trust, teamwork, and accountability.

Nice To Haves

CAMS or CFCS designation.

Responsibilities

Provide meaningful insight on regulatory expectations, emerging risks and key events.
Horizon scan for regulatory change in Canada and conduct effective impact assessments.
Prepare briefings on key events and emerging risks, evaluating the impact of internal and external developments on CIBC’s risk position.
Act as the primary resource for EAML teams to understand regulations.
Work closely with partners in policy development, advocacy and legal to understand regulatory requirements and expectations.
Lead deep dive reviews into processes, controls, and business activities to identify and propose policy positions, appropriate mitigations and processes, and the Bank’s risk appetite.
Provide effective challenge, insightful reporting, and escalation of risks as needed.
Oversee the effective tracking, oversight and communication of regulatory changes in Canada, ensuring stakeholders are informed and prepared.