Director, AML Sanctions – Centre of Excellence

Location: Toronto, ON

Time Type: Full time

Posted On: Posted 4 Days Ago

Time Left to Apply: End Date: November 9, 2024 (10 days left to apply)

Job Requisition ID: 2422475

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

What you’ll be doing

As part of the Enterprise Anti-Money Laundering (EAML) group, the Director, AML Sanctions – Centre of Excellence, oversees the end-to-end design, implementation, and ongoing sustainment of the screening strategies and programs applicable to lines of business in Canada, based on the risk and typologies defined by EAML. As the Director, AML Sanctions – Centre of Excellence, you will be responsible for the effectiveness of the methods to monitor client transactions and screen clients and transactions against various watchlists (i.e., Sanctions and Politically Exposed Persons (PEPs)). You will lead the business for how clients and transactions will be screened, and ensure appropriate reporting on ongoing effectiveness to senior management. The Director is accountable for providing leadership, direction, and coaching to the AML Sanctions – Centre of Excellence team.

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 1-3 days per week on-site, while other days will be remote.

How you’ll succeed

• Provide AML, ATF, and screening guidance: Provide subject matter expertise on strategies for Money Laundering/Terrorist Financing transaction screening of clients and transactions against watchlists. Stay abreast of emerging risks in the ML/Terrorist Financing/Sanctions industry risks, particularly as it relates to CIBC's portfolio composition and clients. Liaise with industry professionals, associations, and regulators to establish best practices for AML/ATF/Sanctions strategies across lines of business.

• Develop strategic direction: Develop the strategic direction for the Sanctions and PEP screening methods and systems, including rules development, model ownership, analytics, and rules effectiveness. Oversee the development, implementation and maintenance of all Sanctions and PEP screening strategies to mitigate ML/TF/Sanctions risks in conjunction with the broader AML group. Responsible for the overall effectiveness and efficiency of the screening systems, continuously improving the bank’s ability to monitor ML/TF/Sanctions risks in alignment with regulatory requirements.

• Lead technological improvements initiatives: Investigate, develop and implement leading-edge analytical tools, and technologies to improve the screening systems. Lead research and investigation into new analytical tools and techniques to improve ML/TF/Sanctions risk monitoring and/or reporting frameworks. Oversee the analysis of internal and external information/reports to identify trends, issues, and AML best practices to quantify impacts to CIBC, and recommend strategies to mitigate any emerging risks.

• People leadership: Provide leadership and effective management of business unit staff to influence employee commitment to the organization, to the team, and to their job.

• Relationship management: Build and maintain strong relationships with key internal and external partners. Act as a lead representative for all initiatives and AML regulatory discussions as it relates to the screening rules and systems. Builds a network of relationships with peer banks, government agencies, and industry experts to perform benchmarking analysis. Participates with and/or represent EAML in discussions and regulatory and audit meetings.

Who you are

• You can demonstrate 3+ years’ experience in Sanctions and PEP Screening and have knowledge of Canadian AML/ATF laws and regulations including regulatory reporting to FINTRAC, name screening and AML transaction monitoring. You have experience providing advisory on compliance and risk management solutions for name screening. It’s an asset if you have experience using systems such as Ampecs, Finergo and SLMS.

• You have 3+ years of people leadership experience.

• You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends. You possess comprehensive knowledge of the latest AML tools, technologies and techniques for transaction monitoring, name screening and regulatory reporting.

• You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.

• You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what's possible. You possess proven ability to lead activities to improve the bank’s ability to monitor transactions and screen names through different methods including above the line and below the line tuning.

• Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location: Toronto-81 Bay, 29th Floor

Employment Type: Regular

Weekly Hours: 37.5

Skills: Anti-Money Laundering (AML), Application Tuning, Decision Making, Financial Transactions, Influencing Change, Influencing Skills, Large Group Presentations, Leadership, Negotiation, OFAC Sanctions, Operational Efficiency, People Management, Relationship Management, Risk Management and Mitigation, Sanctions Compliance, Sanctions Screening, Stakeholder Management, Strategic Objectives