Manager, Aml Compliance

**Job Summary**
Reporting to the CAMLO, the incumbent is primarily responsible for overseeing the activities of Compliance AML function and ensuring that the Bank meets the regulatory expectations and internal policy requirements. The Manager, Compliance is to ensure that the team identifies potentially suspicious activity, conduct investigations, and prepare Suspicious Transaction Reports for regulatory submission. The role requires the individual to be updated on regulatory and industry developments and act as an escalation point for matters relating to AML/ATF compliance. The individual is also required to implement the Bank’s AML/ATF training program and provide guidance to business and other functions for launching new product/channel lines.

**Duties**

1. Identify legislative and regulatory requirements applicable to the Bank including but not limited to the requirements under the Proceed of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related regulations, and provide assistance in implementation and on-going compliance with the regulatory requirements.

2. Develop methodologies and procedures for implementation of approved policies and applicable requirements.

3. Develop sound understanding of applicable AML/ATF requirements especially FINTRAC reporting guidelines and recommend strategies for improving the overall compliance and AML/ATF regimes of the Bank.

4. Assist in identifying and investigating potentially suspicious activity escalated from both the AML systems/processes and other functions of the Bank. Ensure suspicious transaction reports are submitted within regulatory timelines.

5. Conduct risk assessment of high-risk entity clients and suggest client-specific controls at the time of onboarding. Ensure periodic monitoring for high-risk entity clients is conducted as per the defined frequency and any potential suspicious transaction activity is investigated.

6. Oversee the Bank’s Sanctions Screening process and ensure the true/potential matches with Designated Persons and other regulatory lists are properly dealt. Ensure that the regulatory PEP determination requirements are met.

8. Respond to regulatory and Internal Audit Department inquiries in a timely manner.

9. Prepare periodic reports/metrics to the CAMLO in a timely manner.

10. Manage AML/ATF training program. Identify training requirements, develop and conduct training programs, and ensure appropriate awareness level among the staff members of the Bank

11. Provide team members with adequate guidance, direction, leadership, and support necessary to ensure that they are able to accomplish their goals and tasks. Periodically follow up with team members to ensure that the plan to achieve the goals is being carried out.

12. Conduct periodic evaluation and assessment of the performance of the team members and provide feedback.

13. Other duties as assigned

**Experience**
- Knowledge of PCMLTFA and related regulations, OSFI and FINTRAC guidelines and requirements, and other related international recommendations and guidelines
- Good project management skills. Experience in developing actions plans, assigning priorities, creating influence without authority and multi-tasking with strict time constraints
- Knowledge of Regulatory Compliance requirements

This position offers an exciting opportunity for professionals looking to make a significant impact within the financial sector while ensuring adherence to critical regulatory standards.

Pay: $75,000.00-$90,000.00 per year

Additional pay:

- Bonus pay

**Benefits**:

- Dental care
- Disability insurance
- Employee assistance program
- Extended health care
- Life insurance
- Paid time off
- RRSP match
- Vision care
- Wellness program

Flexible language requirement:

- French not required

Schedule:

- Monday to Friday

Work Location: In person