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EQ Bank | Equitable Bank logo
EQ Bank | Equitable Bank

Posted 17 days ago

Open

Manager, AML

TorontoHybridFull-time

AI Summary

The Manager, AML FIU oversees anti‑money laundering and anti‑terrorist financing compliance, manages transaction monitoring, name‑screening, suspicious reporting, and oversees outsourced operations and investigations.

About this role

Join a Challenger

At EQB, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.

We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.

What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.

If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.

We can’t wait to get to know you!


The Work
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.

What You'll Do!

  • 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.

    • What You Bring!

  • 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.

    • Skills

    AMLATFCAMSFINTRACMS OfficeName ScreeningPCMLTFRSuspicious Activity ReportingTransaction MonitoringVendor Management

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