Senior Manager, AML/ATF and Sanctions Risk Management-(Hybrid)
About The Position
Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. The Manager, AML/ATF and Compliance plays a key role in delivering high-quality anti-money laundering and anti-terrorist financing services to Central 1's clients. Reporting to the Senior Manager, AML/ATF and Sanctions Risk Management, this role helps manage AML/ATF risks, supports efficient operations, and ensures exceptional service for both internal and external stakeholders. As a senior team member, strong leadership, sound judgment, and a high degree of confidentiality are essential.
Requirements
- 7+ years of experience in AML/ATF and/or sanctions, with leadership experience managing teams and driving operational performance considered an asset.
- University degree in criminology, law, economics, business administration, or a related field.
- Strong analytical and problem-solving skills, with the ability to identify AML/ATF and sanctions risks through data analysis and investigation.
- Deep understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related regulations.
- Knowledge of AML best practices for managing high-risk clients, transactions, industries, geographies, and correspondent banking relationships.
- Experience with regulatory reporting requirements and compliance obligations.
- Previous consulting or client-facing experience, with a strong customer service mindset.
- Proven ability to develop AML/ATF deliverables, including policies and procedures, risk assessments, governance documents, and risk management reports.
- Strong communication skills, with the ability to translate complex regulatory requirements into practical business guidance.
- CAMS certification (or similar designation), or a commitment to obtain one within the first year.
- Excellent collaboration, planning, organization, change management, and stakeholder management skills.
- Exceptional attention to detail, accuracy, and quality of work.
- Strong time management skills, with the ability to prioritize competing demands and consistently meet deadlines.
Responsibilities
- Lead and oversee the day-to-day work of AML/ATF investigators and analysts, ensuring high-quality service delivery and operational effectiveness.
- Stay current on AML/ATF regulations, legislation, and industry best practices, and ensure team activities align with evolving requirements.
- Manage the delivery of AML/ATF outsourcing services for clients, including transaction monitoring, suspicious transaction reporting, enhanced due diligence (EDD), risk assessments, compliance reporting, and advisory support.
- Assess the impact of new or amended regulations and implement updates to policies, procedures, and controls as needed.
- Conduct compliance reviews, internal controls testing, and periodic audits to identify risks, recommend improvements, and implement corrective actions.
- Support and lead AML/ATF initiatives for internal and external clients, including the development of policies, procedures, risk assessments, training, awareness materials, and advisory services.
- Develop and enhance operational processes, standards, and best practices to improve efficiency, consistency, and client outcomes.
- Mentor, coach, and develop team members, strengthening AML/ATF knowledge, skills, and professional growth.
- Foster a collaborative, high-performing team environment built on trust, accountability, open communication, and continuous improvement.
- Lead change management initiatives and champion process improvements that enhance operational effectiveness and results.
Benefits
- Work-life flexibility
- Hybrid work environment
- Variable annual incentive plan
- Generous annual vacation allotment
- Top-notch flexible benefits plan including family building and gender affirmation
- Retirement Plan, matched contributions at 6%
- Access to a learning platform and educational assistance support
- Access to a virtual wellness platform
- Career development opportunities
- Wellness Flex Fund to support personal interest and activities
- Day off to volunteer in your community and other paid time off options
- Corporate discounts
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What This Job Offers
Job Type
Full-time
Career Level
Senior
