Associate, Due Diligence

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**Job Description**:
What you'll be doing

The Portfolio Risk Management (PRM) team within Global Transaction Banking (GTB) is responsible for the first line Anti-Money Laundering (AML) Program for Correspondent Banking and Corporate Banking clients and includes a Due Diligence (DD) team and a Transaction Monitoring team. Together with the Transaction Monitoring team, the Due Diligence team has responsibility for AML and KYC/DD review and oversight for the portfolios. The Due Diligence team partners closely with internal stakeholders including GTB Relationship Managers, Transaction Monitoring team, Alternative Solutions Group, Client Services and Enterprise Anti-Money Laundering (EAML) to ensure best AML practices are followed. As a member of the GTB Portfolio Risk Management team, you will have the opportunity to contribute to the successful execution of CIBC’s Enterprise AML framework as it relates to GTB’s correspondent banking clients.
- At CIBC we enable the work environment most optimal for you to thrive in your role._
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- Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview_
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How you'll succeed- Coordination & Review. Assist Global Transaction Banking Relationship Managers to review Correspondent Banking client relationships at time of onboarding, periodic reviews, and event triggered reviews- Reporting & Due Diligence. Gather and validate information to assist in the preparation of compliance/governance reports such as the Qualitative Assessment Report, KYC profile reconciliations, transaction monitoring assessments and KYC completion reports. Perform enhanced due diligence research on High Risk Clients using WorldCheck and various AML-specific investigative tools. Ensure AML and compliance reports are complete, accurate, and processed in a timely manner for submission to RMs and other internal stakeholders in accordance with existing SLAs- Investigation. Investigate AML-risk-related concerns and assess areas of due diligence as required - Maintain and document records in accordance with regulatory requirements (OSFI/FINTRAC) and CIBC Enterprise standards- Collaboration. Collaborate with other teams across CIBC to confirm a client’s holistic relationship across the Enterprise and ensure alignment with all applicable Enterprise AML standards. Make high-quality risk-based recommendations to support client relationships that stand up to scrutiny by business personnel, compliance, internal/external audit and regulators and prepare and support ad-hoc analyses and activities to aid tactical and strategic business objectives

Who you are- You are experienced in KYC/AML. Minimum 1 - 3 years KYC/AML experience including understanding of AML technical terms and concepts and are well-versed with OSFI/FINTRAC guidelines- You are passionate about analysis and organization. Ability to gather, analyze, organize, document and present large volumes of information in a succinct and organized manner. Solid organizational, planning, and time management skills with ability to multi task, gather, organize and interpret data and formulate preliminary conclusions- You have sophisticated communication skills. Excellent written and verbal communication skills to properly communicate recommendations - Excellent interpersonal and teamwork skills and ability to collaborate with internal stakeholders effectively.- You have an undergraduate degree. Undergraduate degree in relevant business disciplines along with advanced MS Office skills.- You are a certified professional. ACAMS/other AML-related credentials (ACFCS, etc.) considered an asset- 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 health benefits program, defined benefit pension plan, an employee share purchase plan 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 ded