Senior Director AML Transformation
Senior Director AML Transformation
Posted on :
12-04-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Join a Challenger
Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.
We are a big (and growing! family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks whollyowned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform eqbank one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
Reporting to the VP Chief Anti Money Laundering Officer (CAMLO) the Senior Director AML Transformation will play a critical role in leading designing and implementing strategic initiatives aimed at enhancing and evolving the banks AntiMoney Laundering (AML) framework.
The Senior Director AML Transformation will be responsible for developing and leading the AML risk culture and technology transformation strategy. You will collaborate with key stakeholders across the bank to drive compliance with AML regulations optimize processes integrate new technologies and ensure the banks operations are agile futurefocused and aligned with leading industry practices.
The successful candidate will have deep expertise in AML regulatory requirements and transformation initiatives across business and technology within the financial services industry coupled with a proven track record for managing largescale projects and change management efforts.
AML Strategy & Transformation Leadership:
- Lead and manage the transformation of the AML function and strategies ensuring alignment with evolving regulatory requirements and emerging financial crime threats.
- Develop and execute transformation roadmaps that drive efficiency improve controls and reduce risks across AML processes.
- Collaborate with senior leadership and key stakeholders to define AML strategy priorities and goals including enhancing governance structures.
- Oversee and represent AML Compliance in strategic initiatives impacting AML compliance.
- Manage large complex strategic programs with significant impact on business or product viability.
- Review design and execute improvements to internal processes and compliance program requirements including transaction monitoring rule development and interpretation.
- Prepare budgets and financial reports and report on the health and overall program efforts with sound metrics and analytics.
- Facilitate Steering Committee and/or Executive Committee level program team status meetings.
- Manage relationships with thirdparty vendors and coordinate independent testing requests for information/documentation.
- Monitor activities to minimize the companys exposure to risk and ensure adherence to company and legal standards.
- Demonstrates the ability to apply practical solutions to complex problems ensuring efficient and effective outcomes.
Project Management & Stakeholder Collaboration:
- Lead crossfunctional teams through largescale AML transformation initiatives including system implementations process redesigns and technology integrations.
- Manage project timelines budgets and resources to ensure delivery of key transformation milestones.
- Build and maintain strong relationships with internal stakeholders including Legal Compliance IT and Business Units to facilitate smooth transformation efforts and ensure alignment across the organization.
Technology & Innovation Integration:
- Drive the adoption of new AML technologies such as transaction monitoring artificial intelligence and machine learning to enhance detection capabilities and optimize compliance processes.
- Work closely with IT and technology teams to ensure AML systems and tools are effectively integrated updated and maintained.
Change Management:
- Develop and oversee change management plans and strategies related to AML transformation efforts
Reporting & Performance Measurement:
- Develop and maintain key performance indicators (KPIs) and reporting frameworks to monitor and measure the effectiveness of the AML program and transformation efforts.
- Provide senior management with regular updates on the status of transformation initiatives risks and emerging trends.
Lets Talk About You!
- Minimum of 10 years of advanced experience in AML with proven success in leading cross functional teams (including project teams) with internal and external resources preferably within financial services or other regulated industries.
- Comprehensive knowledge of core financial/banking processes and AML operations.
- Knowledge and experience with driving technology and process change in organizations.
- Proven leadership skills with the ability to inspire and build consensus among diverse teams maintain integrity and establish positive relationships with both internal and external partners.
- Demonstrated success in driving organizational and cultural transformation initiatives fostering high engagement levels and supporting effective employee development and retention.
- Exceptional written and oral communication skills with the ability to create compelling presentations and influence stakeholders at all levels.
- Completion of CAMs designation.
- Proven project management and change management skills.
What we offer For fulltime permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental topup while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 351 King Street East Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrierfree recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Exec
Employment Type
Full-Time
Key Skills
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
