Senior AML Officer, AML Advisory

Join a Challenger Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity. Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.  The Work The AML Advisory team within the Compliance department is responsible for being the subject matter expert on Anti-Money Laundering, Anti-Terrorist Financing (AML/ATF), Sanctions Evasion (SE), and Compliance-related matters. This position primarily assists the Senior Manager, AML Advisory, in the ongoing management and the oversight of Equitable Bank’s enterprise-wide AML/ATF program.   The Senior AML Officer’s role is a multifaceted one, as responsibilities may include ensuring AML/ATF related policy and procedures are maintained and current to support a comprehensive and effective Regulatory Compliance Management regime within the Bank, assists Senior Management and employees to comply with legislation and regulations, and managing reputational and other operational risks. The environment is fast-paced and requires effective time management of multiple tasks and projects.  The Core Responsibilities!

Support the Senior Manager, AML Advisory, in developing, maintaining, and overseeing enterprise-wide AML/ATF programs and related documentation to effectively manage ML/TF risks, ensure regulatory compliance, and provide reporting to Senior Management and the Board.

Collaborate with business units by providing advice on AML/ATF related inquiries/exceptions relating to regulatory interpretation or the Bank’s AML/ATF program while ensuring compliance with applicable laws, regulations, guidelines, and established procedures.

Provides guidance on regulatory compliance issues by interpreting existing, new, and emerging requirements, identifying and addressing gaps—including those arising from change initiatives—and assisting in the development of action plans to mitigate identified risks

Assist with the execution of the Bank’s annual AML/ATF Risk Assessment in collaboration with business stakeholders, including periodic reviews of the risk assessment methodology.

Support the Senior Manager, AML Advisory, in reviewing significant new initiatives and changes to products and services, policies, processes, and systems to determine whether compliance-related risks have been adequately addressed and suggests controls and procedures to ensure effective management of risk and compliance.

Provide oversight and challenge to the third-party risk management activities as the AML Advisory Subject Matter Expert (SME). Assist the business with the identification of key third-party risks and mitigating controls in their business units, as well as monitoring their action plans to address mitigation.

Responsible for leading and/or supporting the coordination of AML-related projects where it relates to project management, change management, communication, and reporting.

Regularly develops, updates and delivers specialized AML/ATF training at the enterprise and business unit level and manages the maintenance of the enterprise-wide AML/ATF employee training program to effectively manage ML/TF risks and gaps and comply with regulatory expectations and industry standards.

Proactively identify best practices to ensure compliance with regulatory requirements.

Let's Talk About You!

Post-secondary education in business or finance with 3+ years of experience at a regulated financial institution in Canada, preferably within the AML compliance function. Experience should include exposure to regulatory compliance, risk management disciplines, program management, and industry best practices.

Working knowledge of regulatory requirements for AML/ATF and sanction risk, industry best practices and/or organizational goals for AML/ATF typologies.

Advanced Excel skills, specifically ability to create macros, v-lookups and add programming where required.

Ability to organise and compile data to produce metric reports.

Strong organizational skills, demonstrates ability to prioritize assignments, projects, and multi-task within restricted time constraints.

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.

Proven analytical and problem-solving skills.

Excellent interpersonal skills with the ability to work individually or as part of a team.

Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), or other recognized AML/Financial Crimes certifications are preferred.

Bilingualism is an asset (English and French).