Consultant, AML Business Effectiveness
Consultant, AML Business Effectiveness
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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
Reporting to the Director Business Effectiveness the Consultant Business Effectiveness will be responsible for driving and supporting strategies and continuous improvement and initiatives designed to increase transaction monitoring effectiveness and streamline transaction monitoring implementation tuning and advanced analytics processes.
The Consultant will work closely with the Risk Management Analytics team FIU team and the broader AML teamto identify coverage optimization and advanced analytics opportunities. The Consultant will work closely with various EAML teams and technology partners within CIBC to identify process gaps understand root causes to issues make recommendations to senior management to improve processes as required and oversee initiatives through to resolution and benefits realization. With knowledge on data analytics and trend identification the incumbent will identify AML/ATF risk exposures and develop and implement transaction monitoring risk mitigation initiatives across EAML.
The Consultant will also support strategic transformation remediation and optimization initiatives with a focus on the transaction monitoring scale and advance program to support the next phase of investment in the EAML business architecture. As part of the transaction monitoring scale and advance program the Consultant will support the development testing and implementation of a robust Transaction Monitoring platform to enhance reporting and advanced analytics capabilities as well as the PRM migration to mitigate hardware failure and optimization of rules.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 13 days per week onsite while other days will be remote.
How youll succeed
Be an architect of the EAML Program Support the design and implementation of processes in order to achieve effectiveness improvement to support the Enterprise AML mandate through transformation and remediation projects.
Be an agent of change You will be responsible for presenting recommendations to management on process improvements to support effectiveness and efficiency within the FIU including rules development and tuning opportunities to minimize false positives. You will execute continuous improvement activities for the FIU identifying analyzing and tracking process and control gaps and inefficiencies impacting investigative activities.
Influence peers and senior management Work with various support teams to ensure effective and timely implementation of continuous improvement initiatives including management of necessary change requests as appropriate. You will also represent the FIU in crossfunctional projects providing operational guidance and support in key transformational initiatives.
Support our leaders Coordinate and provide assistance to the EAML Governance Solutions Delivery and the FIU and Risk Analytics subject matter experts on initiatives as required.
Who you are
You have knowledge of AML regulations practices and economic sanctions or similar knowledge and/or experience in Fraud Strategy or related regulatory compliance. You have understanding of various lines of businesses products services delivery channels and new technologies to understand and identify respective risks. You have the ability to translate business requirements to technical specifications for technology to implement.
You have a degree/diploma in Business Accounting Finance Law Computer Science Engineering or related field and/or equivalent years of experience; Lean Six Sigma and ACAMS (Association of Certified AntiMoney Laundering Specialists) accreditations are nice to have.
You are proficient in the Microsoft Office suite e.g. Excel PowerPoint and Visio. Its an asset if you have technical proficiency with SQL Python VBA or other data tools to perform data analysis.
You communicate effectively. You can articulate recommendation and build clear and concise presentations to help management make strategic and operational decisions.
You are a problem solver. You possess solid judgment and problemsolving skills in order to provide input and advice to senior management for best compliance and risk management solutions.
You act like an owner. You thrive when youre empowered to take the lead go above and beyond and deliver results.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
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 aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* defined benefit pension plan* an employee share purchase plan a vacation offering wellbeing support 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.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and 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.
Job Location
Toronto81 Bay 29th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking AntiMoney Laundering (AML) Financial Transactions Innovation Operational Efficiency Proactive Monitoring Risk Management and MitigationRequired Experience:
Contract
Employment Type
Full-Time
