AML Team Lead
5 days ago
Position: AML Team Lead
Location: Markham (Hybrid)
Salary: $80,000 to $90,000 based on experience
Job Type: Permanent
Our client, a leader in the banking industry is seeking an AML Team Lead to join their team in Markham In this role, you will play a pivotal part in ensuring compliance with AML/ATF regulations by conducting detailed investigations, monitoring transactions, advising on risk management, and driving process improvements to safeguard the organization against financial crimes.
Responsibilities:
- Lead Enhanced Due Diligence (EDD) by conducting in-depth reviews for higher-risk clients, ensuring compliance with AML protocols.
- Analyze and investigate alerts to assess potential money laundering activities and unusual transactions, taking appropriate action.
- Conduct compliance testing by evaluating branches, departments, and business units for adherence to AML procedures.
- Monitor AML and SWIFT reports to identify suspicious or sanctioned activities and escalate them as needed.
- Report findings by ensuring accurate and timely reporting of unusual transactions to the Chief Anti-Money Laundering Officer (CAMLO).
- Provide strategic guidance to management on AML/ATF risks, particularly related to correspondent banking.
- Deliver reporting by preparing comprehensive weekly, bi-weekly, monthly, and quarterly AML/ATF reports.
- Strengthen processes by identifying procedural weaknesses and recommending targeted training to mitigate risks.
- Develop procedures by drafting policies, procedures, and quality assurance documents to support compliance efforts.
- Take on special projects and contribute to ad-hoc assignments and initiatives as directed by the CAMLO.
- Train and support teams by providing guidance and training to internal teams and business units to enhance AML knowledge.
- Stay informed on evolving AML/ATF regulations, typologies, and industry trends.
Qualifications:
- Bachelor’s degree in Finance, Business, Accounting, or a related discipline.
- At least 5 years of experience in an AML-focused role, with 2+ years in a leadership or management position within AML.
- Strong understanding of AML/ATF laws, regulations, and industry standards.
- CAMS certification (preferred).
- Experience coming from personal or retail banking preferred.
- Analytical problem-solving skills with great attention to detail.
- Ability to identify patterns and develop actionable solutions.
- Proficiency in Microsoft Office (Word, Excel, Outlook).
- Excellent written and verbal communication skills, including concise reporting.
- Confidence in decision-making, strong relationship-building abilities, and adaptability in fast-paced environments.
Please send your resume in Word format to Christina Cerra at christina.cerra@quantum.ca.
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