Associate Director, AML Enhanced Due Diligence

The Core Responsibilities!

• AML/ATF Program
• Responsible for the implementation, oversight and management of an effective AML/ATF program with respect to enhanced due diligence and screening activities. 
• Proactively manages the AML department’s client name screening program, and monitoring routines to ensure adherence to established AML/ATF policies and procedures.
• Continually assesses AML/ATF related activities and the effectiveness of department-level procedures and makes recommendations for improvement to the Senior Director, AML. 
• Monitors and analyzes compliance related issues, trends and risks to the Bank and provides sound recommendations for action to the Senior Director, AML.
• Accountable for initiating and leading initiatives to streamline processes and introduce new efficiencies to AML/ATF related activities and leveraging technology and automation to achieve results.  
• Ensures staff are trained on due diligence techniques and provides ongoing training to address gap or new developments


• Reporting 
• Responsible for development of risk and operational reporting to the Senior Director, Deputy CAMLO and Senior Management related to the EDD function. 
• Creates and independently manages summaries, presentations, statistics, and any other required documentation to effectively report to the Board or regulators on the status of AML/ATF compliance within the Bank.  
• Proactively monitors and analyzes emerging and new AML/ATF legislation and compliance related issues, developments, trends and risks to the Bank.


• High Risk Program/ De-marketing Program
• Manages the categorization and monitoring of domestic PEPs and foreign PEPs. 
• Ensures robust monitoring process in place for high-risk clients and provides updates to the Director where required. 
• Manages program for high-risk customers and de-marketed customers.  


• General 
• Acts as a key stakeholder for AML in IT projects, product developments and other technology upgrades.  
• Leads the remediation of any audit findings from regulators or Internal Audit department related to the EDD function. 
• Leads enhanced due diligence teams and establishes a two-way working relationship with direct report(s) to solicit their views on the working environment, potential changes affecting their work and continuous improvement opportunities.  
• Builds and sustains a team that is capable of monitoring ML/TF risks across the Bank, delivering and maintaining the performance required for the department, including coaching and the creation and implementation of training and development plans. 

Let's Talk About You!

• A university degree, preferably in Business, Law or Accounting. 
• 7-10 years’ proven Canadian experience gained through work experience in the financial services industry, including experience in AML/ATF systems and controls.
• Managerial experience for a minimum of 4 years. 
• CAMS/ACFCS certified or to be certified within 12 months of start date. 
• Demonstrated leadership skills with the ability to set strong examples for staff. 
• Direct exposure in managing AML/ATF and sanction regulatory compliance, risk management disciplines and best practices. 
• Subject matter expertise of AML/ATF legislation, related regulations and guidelines particularly as related to sanctions, high risk jurisdictions and PEPs.
• Lending and retail banking experience considered an asset. 
• Excellent analytical, risk assessment and research skills.
• Ability to successfully handle multiple competing priorities. 
• Strong time management skills. 
• Excellent written and verbal communication skills, including strong public speaking and presentation skills, as well as the ability to develop and maintain strong relationships with internal and external contacts.
• Proficient knowledge of Microsoft Office (Word, Excel and PowerPoint) including v-lookups, pivot tables, macros, etc.
• Proficient knowledge of SQL, Power BI and Tableau.  
• Proficient knowledge of internet/web navigation. 
• Knowledge of French an asset.