Deputy Camlo

**Location: Toronto or Ottawa**

**Scope of Position**

The Deputy CAMLO is directly responsible for the content, design and enterprise-wide implementation of the anti-money laundering/ anti-terrorist financing (AML/ATF) and sanctions program within Alterna Savings and Alterna Bank (“Alterna”); is a key contributor to the compliance strategy and also directly responsible for all facets of the design, development and management of the related policies and procedures, ongoing training, risk assessment, and effectiveness review; and is also responsible for managing, coaching and motivating a team.. The Deputy CAMLO will ensure Alterna is fully compliant within their area of regulatory responsibilities.

**Major Responsibilities**

Responsible and accountable for AML/ATF program content, design and enterprise-wide implementation. In particular:

- Oversees the AML/ATF and sanctions program to ensure it is current relative to the organization’s identified inherent risks (clients and business relationships, products and delivery channels, geographic locations of activity and any other relevant factors)
- Oversight of AML/ATF control activity in all relevant business areas for the purposes of establishing a reasonable threshold level of control consistency throughout the enterprise
- Ensuring that resources, including those required to identify and report suspicious transactions and suspicious attempted transactions, are sufficient in all relevant areas of the organization
- Owning and maintaining AML/ATF and sanctions policies and procedures to be reviewed periodically by the Executive Leadership Team and/or the Board as appropriate and as required recommend changes where necessary to ensure they are reflective of all legislative and guidance requirements
- Managing the development, maintenance and completion of a self-assessment of controls
- Responsible for the improvement, development, delivery and maintenance of ongoing AML/ATF training programs for Management, employees, agents and other persons authorized to act on the organization’s behalf
- Ensuring that systems and other processes that generate information used in reports to Management and the Board are adequate and appropriate, use reasonably consistent reporting criteria, and generate accurate information
- Reporting to VP Compliance and CAMLO pertinent information about AML/ATF program adequacy and issues
- Ensuring the timely and effective implementation of changes in, or new, regulations into business processes and procedures
- Ensuring that Alterna is following and remains up to date on regulatory requirements at the Federal and Provincial level
- Overseeing all regulatory filings
- Is the point of contact and SME for AML/ATF inquiries
- Ongoing monitoring of changes in the industry to ensure Alterna is doing the most to reduce non-compliance risk
- Attends industry meetings
- Liaises with internal audit and regulators as required.

Manage the day to day operation and activities as it relates to the AML/ATF department and staff. In particular:

- Provide leadership, direction, and motivation to the department staff with ongoing professional development
- Ensure the staff carries out their assigned daily tasks such as monitoring of High Risk clients, Alerts, Large Cash Transactions
- Maintain and oversee the day to day relationships with the external partners; including regulators
- Research and resolve complex operational issues

**Expectations / Outcomes**:

- Adequate anti-money laundering program prevention and detection framework is maintained
- Risks are identified in a proactive and urgent manner to minimize the losses and risk exposure to the Alterna
- Regulatory reporting is accurate, complete and delivered in accordance to set timelines and requirements
- AML/ATF staff are effective and efficient in the completion of their duties and contribute to the success of Alterna, and
- Sound AML/ATF and risk awareness and practices are adopted and maintained by all areas of the Alterna.

**Qualifications**

Education / Certifications / Experience
- Bachelor’s degree in Business, Law, Economics, or Criminology - or equivalent work experience
- 10 + years of banking / financial services (or related) experience
- 7 + years progressive experience in the areas of financial crime prevention, AML or fraud
- 7 + years of experience working with regulators at the Federal and Provincial level
- Deep knowledge of the regulatory environment at both the Federal and Provincial level
- 5 years of direct management experience
- Successful completion of the Certified Anti-Money Laundering Specialist exam (CAMS) and/or equivalent work experience
- Knowledge or completion of risk management related courses/certifications (or related experience) considered an asset

**Knowledge / Skills**
- Strong working knowledge and understanding of all regulations affecting the Credit Union and Bank
- Specialized knowledge in Anti-Money Laundering / Terrorist Financing
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