Senior Manager, US AML Advisory

CIBC•Chicago, IL

1d•$120,000 - $145,000•Hybrid

About The Position

The US AML Advisory, Senior Manager is responsible for providing guidance and advice to the US Commercial Lines of Business. The Manager will assess AML risks associated with new products, prospective customers, transactions, higher-risk relationships, and evaluate control effectiveness to ensure appropriate management of risks. 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 days per week on-site, while other days will be remote.

Requirements

Undergraduate degree in business or a related field. Advanced degree preferred.
Certified Anti-Money Laundering Specialist (CAMS) Certification preferred.
5-7 years of experience interpreting and implementing financial services regulatory programs, preferably related to anti-money laundering and/or enterprise risk management.
Knowledge of US AML laws and regulations as well as familiarity with US Sanctions programs.
Understanding of financial services operations, infrastructure and payment processing.
Experience with commercial banking preferred.
Judgment and problem-solving skills in order to provide input and advice to lines of business (LoBs) on risk management controls.
Ability to interpret complex regulatory issues in order to provide sound guidance.
Interpersonal and relationship management skills to build trust amongst all stakeholders and work collaboratively with LoBs.
Time management skills and ability to prioritize and manage competing/demanding priorities and work on multiple projects simultaneously
Values matter to you. You bring your real self to work, and you live our values – Trust, teamwork, and accountability.
Analytical Thinking
Communication
Financial Markets
Group Problem Solving
Leadership
Relationship Management
Reporting Processes
Risk Reporting

Responsibilities

Actively manage oversight of certain aspects of the AML Compliance internal control framework
Manage Advisory-owned email mailboxes
Partner engagement with lines of business
Support BSA/AML-related audits and regulatory exams
Support the Compliance and EAML Examination Program (CEEP)
Assist with projects and initiatives, providing advice and guidance where necessary
Review and facilitate Restricted Client/Vendor approval requests to the US CAMLO
Review and provide effective challenge to Business Unit Risk Control Self-Assessments
Review and provide effective challenge to 1LoD procedures, especially with respect to ML/TF controls and red flag identification and escalation
Understand 1LoD performance of Key Controls, results of Key Controls testing related to ML/TF
Partner with 1LoD to identify and formally raise deficiencies observed during oversight activities
Provide 1LoD guidance in understanding inherent ML/TF risk exposure, and evaluating how internal and external changes impact inherent ML/TF risk exposure, to understand sufficiency of the control environment
Provide guidance to 1LoD in determining action plans, as appropriate, monitor 1LoD’s progress against action

Benefits

Medical
Dental
Vision
Health Savings Account
Life Insurance
Disability
Other Insurance Plans
Paid Time Off (including Sick Leave, Parental Leave and Vacation)
Holidays
401(k)
Incentive pay
Banking benefits
A benefits program
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