Associate Director Transaction Monitoring
Associate Director Transaction Monitoring
Posted on :
24-04-2025
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1 Vacancy
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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 one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
Reporting to the Director AML Data Analytics and Operations the Associate Director AML Transaction Monitoring leads the AML transaction monitoring analytics supporting Equitable Banks enterprisewide AML/ATF program. The Associate Director is accountable for of the strategy on data tools and analytics related to the transaction monitoring of AML/TF program. The environment is fastpaced and requires the effective time management of multiple tasks and projects.
AML/ATF Transaction Monitoring (TM) Detection
- Develop execute and maintain the Banks AML/ATF TM model development standards including sampling methodology.
- Design develop and enhance AML/ATF TM rules/scenarios to be compliant with dynamic regulatory requirements and industry best practices.
- Tune existing rules/scenarios to reduce false positives and improve the effectiveness and efficiency of TM program.
- Document the rule/scenario/model methodology process assumptions etc. to enhance model governance and meet requirements of audit and regulatory exams.
- Work with IT data teams and compliance teams to integrate models into monitoring platforms and systems.
AML Data
- Supporting executing complex crossfunctional data and technology projects to continue scaling AML operations; work with other internal functional support groups and external suppliers and business partners.
- Support projects within the AML team to continuously improve and enhance endtoend operational workflow through tools and technology.
- Work with crossfunctional internal stakeholders to define and act as subject matter expert for AML requirements for data models and analytics.
- Perform testing and data validation related to projects impacting AML controls and proactively escalate issues that may impact the effectiveness of the AML program.
Team Management
- Manage and develop a high performing TM analytics team.
- Provide guidance and mentoring to junior members of the team.
- Provide timely and effective feedback to staff.
- Identify and make recommendations to VP and Director on staffing resource requirements needed to adequately execute on key strategic objectives of the team.
- Identify appropriate training opportunities or external courses in order to improve staff effectiveness.
Client Relationship Management
- Develop and maintain effective relationships with the compliance teams business client risk management and technology to complete AML projects.
- Provide technical input to technology other model developers and/or risk management groups in the development and implementation of rules and models.
- Escalate difficult or complex projectrelated client issues to VP and Director or the Project Manager for timely resolution.
- Where appropriate collaborate with key internal stakeholders to address findings from the MRM Internal Audit or external stakeholders; create actions plans where appropriate to address the findings and ensure models are compliant with regulatory standards.
General
- Proactively work with other members of the Compliance and AML team to solicit their views continuous improvement opportunities.
- Promote a positive work environment that fosters collaboration innovation and synergies.
- Support the AML leadership team with monitoring and testing activities including escalations from business units as applicable.
- Participate in various internal/external workshops/seminars/conferences to remain current in the AML/ATF landscape (e.g. maintain CAMS ACFCS etc. certification).
Lets Talk About You!
- A university degree preferably in Mathematics Mathematical Finance Statistics Computer Science Engineering Finance Economics or equivalent quantitative background.
- 58years years of TM data and analytics experience in financial industry.
- 3 years of experience leading a team.
- Regulatory expertise related to AML/ATF systems and controls.
- CAMS/ACFCS certified is an asset.
- Demonstrated leadership skills with the ability to set strong examples for staff.
- Ability to lead/influence others to achieve goals.
- Excellent analytical risk assessment and problemsolving skills.
- Ability to successfully handle multiple competing priorities projects and timelines.
- Excellent written and verbal skills required to communicate AML knowledge keep stakeholders informed and communicate requirements to external vendors.
- Excellent knowledge of statistical methods. Knowledge of machine learning methods is an asset.
- Advance programming skills of Python and at least one of other programming languages/tools (e.g. R).
- Advanced skills using statistical and data science related packages (pandas numpy scipy slearn).
- Advanced knowledge of SQL is required.
- Developed project management and time management skills.
- Strong technical documentation and report writing skills.
- Solid and proven communication skills.
- Must be able to work in a high volume fast paced ever changing environment.
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
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:
Director
Employment Type
Full-Time
Key Skills
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