Associate, Transaction Monitoring (12-month contract)
Associate, Transaction Monitoring (12-month contract)
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats right for our clients.
At CIBC we embrace your strengths and your ambitions so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC please visit
What Youll Be Doing
The Portfolio Risk Management (PRM) team within Global Transaction Banking (GTB) is responsible for the first line AntiMoney Laundering (AML) Program for Correspondent Banking and Corporate Banking clients and includes a Transaction Monitoring team and a Due Diligence team. Within PRM the firstline Transaction Monitoring team is responsible for conducting ongoing reviews of transaction activities to ensure alignment with the overall client Due Diligence/KnowYourClient portfolio assess key trends observed and identify and determine whether requests for information and/or unusual activity reports are required. The Transaction Monitoring group performs monthly and ad hoc assessments of activity that form part of the KYC client profile. Together with the Due Diligence team the Transaction Monitoring team partners closely with internal stakeholders including GTB Relationship Managers Global Money Operations Payment Teams and Enterprise AntiMoney Laundering (EAML) to ensure best AML practices are followed.
As a member of the GTB Portfolio Risk Management team you will have the opportunity to contribute to the successful execution of CIBCs Enterprise AML framework as it relates to GTBs correspondent banking clients.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of onsite and remote work) will be discussed at the time of your interview.
How Youll Succeed
Review and Assessment Assist ongoing review and assessment of transaction activity related to Correspondent Banking clients
KYC & Transaction Validation Assess and validate transaction activity with the objective of highlighting higher risk trends benchmarking activity against KYC data points and documenting any changes in overall transaction activity
Risk mitigation Identify risks to CIBC under purview of transaction monitoring to effectively mitigate risk to CIBC. Investigate any potential riskrelated concerns through analysis research and issuance of Requests for Information (RFIs) or Unusual Transaction Reports (UTRs) as appropriate
RFI and reporting Initiate RFIs where appropriate ensuring timely response adjudication and reporting of activity identified
Transaction Monitoring Maintain and document transaction monitoring records. Ensure transaction monitoring records are of high quality with detailed findings that clearly communicate results of trends (high risk trends benchmarking etc.) and observations. Ensure assessments and reports are complete accurate and completed according to SLAs
Recommendations Make high quality riskbased recommendations to support client relationships that stand up to scrutiny by business personnel compliance internal/external audit and regulators. Prepare written reports with recommendations to assist in effectively responding to higher risk activity and/or trends identified
Who You Are
You have an undergraduate degree in a relevant discipline
Youre a certified professional. ACAMS/other AMLrelated credentials (ACFCS etc.) considered an asset
You can demonstrate a minimum of 1 3 years of AML experience including understanding of AML technical terms and concepts. Prior research experience in any capacity will be preferred
You possess knowledge of AML regulations and FATF guidance along with ability to gather analyze organize document and present large volumes of information in a succinct and organized manner. Knowledge of SWIFT payments and message types would be preferred
You act like an owner. Solid organizational planning and time management skills with ability to multi task gather organize and interpret data and formulate preliminary conclusions
You possess strong critical thinking. Ability to demonstrate a good understanding and judgement of risk particularly compliance/AML risk
You can demonstrate excellent written and verbal communication skills to properly communicate recommendations
You are technically savvy. Strong Microsoft Office Suite skills is a must
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability
#LITA
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential.
We work to recognize you in meaningful personalized ways including a competitive compensation a banking benefit* wellbeing support and additional offers such as employee and family assistance programs and MomentMakers our social pointsbased recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
*Subject to program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit
We may ask you to complete an attributebased assessment and other skills tests (such as simulation coding French proficiency MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Expected End Date
Job Location
Toronto161 Bay St. 8thEmployment Type
Temporary (Fixed Term)Weekly Hours
37.5Skills
Analytical Thinking Business Development Credit Risk Management Customer Experience (CX) Financial Modeling Financial Statement Analysis High Net Worth Individuals Portfolio Management ResearchingRequired Experience:
IC
Employment Type
Full-Time
