Senior Manager, AML/ATF

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit

What we offer:

• Work-life flexibility 

• Hybrid work environment 

• Variable annual incentive plan

• Generous annual vacation allotment

• Top-notch flexible benefits plan including family building and gender affirmation

• Retirement Plan, matched contributions at 6%

• Access to a learning platform and educational assistance support

• Access to a virtual wellness platform

• Career development opportunities

• Wellness Flex Fund to support personal interest and activities

• Day off to volunteer in your community and other paid time off options

• Corporate discounts

*subject to employment agreement

Job Summary:

Join Central 1 as a Senior Manager in AML/ATF and Sanctions Compliance and play a key role in shaping how we manage high-risk clients and transactions. In this role, you'll lead the development and oversight of compliance programs that keep us ahead of regulatory and contractual obligations, while supporting both internal teams and external clients. You'll provide expert guidance on AML/ATF and sanctions risks, contribute to our payment growth strategy, and help drive effective, efficient operations across the organization. This is a high-impact role for a trusted, confidential, and collaborative leader who thrives in guiding teams and influencing positive compliance outcomes.

What you'll be doing:

High-Risk Client Compliance:

• Develop and manage programs to monitor and manage high-risk clients and transactions.

• Ensure compliance with Canadian and international AML, ATF, and sanctions laws.

• Provide guidance and advice to teams and clients on compliance matters.

• Help Central 1 maintain a strong, risk-aware culture.

AML/ATF and Sanctions Programs:

• Develop, maintain, and improve high-risk client enhanced due diligence (EDD) and transaction monitoring programs.

• Ensure procedures reflect current roles and responsibilities and align with regulatory requirements.

• Stay up to date on all relevant Canadian and international AML/ATF and sanctions laws and industry best practices.

• Review new or updated regulations to understand their impact and update controls and procedures as needed
   

Subject Matter Expertise and Advisory:

• Act as a go-to expert for AML/ATF, sanctions, and regulatory compliance at both federal and provincial levels

• Provide guidance and advice to business lines and compliance teams on transactions, payments, and contractual obligations

• Serve as a technical reference for AML/ATF strategy, governance, and risk management
   

Monitoring and Reporting:

• Support internal and external monitoring programs, including suspicious transaction reporting and risk assessments

• Compile reports and ensure timely, accurate regulatory reporting to FINTRAC

• Conduct internal audits, checks, and controls to identify potential compliance gaps and implement corrective actions
   

Collaboration and Teamwork:

• Work closely with teams to deliver effective AML/ATF programs for both internal operations and external clients

• Promote the "Three Lines of Defense" model in all compliance activities

• Collaborate with others to identify process improvements and implement solutions that reduce risk
   

Policy, Training, and Change Management:

• Develop and maintain AML/ATF policies, procedures, standards, and best practices

• Lead or support the creation of governance documents, training materials, and awareness programs

• Act as a positive change agent, promoting a collaborative, innovative, and team-oriented work environment
   

Reporting and Records:

• Maintain detailed records of compliance activities and provide updates to senior management.

• Monitor and report on program effectiveness and progress in line with Central 1's risk policies

What you'll have:
 

Experience:

• Minimum 10 years in AML/ATF and sanctions compliance.

• Experience managing teams or functional areas, including planning and overseeing business and operational performance, is a plus.

• Prior experience as a Chief Anti-Money Laundering Officer (CAMLO) or similar role is an asset.

Education & Certifications:

• University degree in criminology, law, risk management, business administration, or a related field.

• Professional designations such as Certified Anti-Money Laundering Specialist (CAMS) or equivalent are an asset

Regulatory Knowledge:

• Thorough knowledge of the Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Regulations

• Knowledge of Canadian, US, UN, and international economic and anti-terrorism sanctions laws/regulations

• Familiarity with the Retail Payment Activities Act and Canadian payment market is an asset

Technical Expertise:

• Strong experience designing, implementing, and managing AML/ATF and sanctions compliance programs, including policies, procedures, risk assessments, monitoring, reporting, and training

• Ability to produce compliance deliverables such as governance documents, business-based and client-based risk assessments, and risk management reports

• Knowledge of best practices for high-risk clients, high-risk payments, and correspondent banking relationships.

• Familiarity with emerging payment trends and industries such as cryptocurrency (e.g., stablecoins), online gaming, eCommerce, Money Services Businesses, and Payment Service Providers
   

Skills & Competencies:

• Strong ability to understand and communicate complex regulatory risk concepts

• Experience managing regulatory risk in financial services or credit union environments

• Ability to develop mid- and long-term business plans for effective operations.

• Strategic thinking, research, and problem-solving skills

• Excellent collaboration, analytical, planning, and organizational skills

• Strong change management and adaptability to shifting priorities

• Effective oral and written communication with internal teams and external clients

• Exceptional attention to detail, accuracy, and ability to handle ambiguity

• Ability to prioritize, manage time effectively, and meet deadlines in high-pressure environments

Salary range: $110,000-$130,000

The salary range represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.

#LI-Hybrid

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.