Manager, AML - High Risk/ Enhanced Due Diligence (HREDD)
Manager, AML - High Risk/ Enhanced Due Diligence (HREDD)
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Job Description
Were building a relationship-oriented 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 department of AML High Risk/ Enhanced Due Diligence (HREDD) in Risk Management maintains an effective control environment and overseeing the sound risk management of our bank consistent with our Risk Appetite Statement. We help safeguard our reputation and brand while providing proactive advice and oversight of CIBCs compliance with regulatory requirements including those related to consumer and investor protection sales practices securities trading and anti-money laundering (AML).
As the Manager Anti-money Laundering High Risk/Enhanced Due Diligence youll oversee the activities devoted to the identification assessment and monitoring of all high risk clients as defined by the CIBC Client Risk Assessment Standard. Youll assist with identifying all high risk client relationships in Canada and globally and conduct thorough analysis of those relationships to adequately assess potential risks. Youll oversee technological applications designed to ensure CIBC complies with applicable legislation and regulations related to High Risk and non-resident clients including but not limited to Politically Exposed Persons
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 1-3 days per week on-site while other days will be remote.
How youll succeed
Provide Leadership - Hire coach and develop staff to ensure the ability to support HREDD goals and objectives. People management will be a daily part of your role where you will be leading a team of 68 staff members and should be able to sustain a high performing inspired team by providing effective management guidance. You must be able to use your strong influencing skills to promote and/or negotiate the needs of the AML Group.
Operational Excellence - Understand that success is in the details and ensure compliance with policies and standards. Identify opportunities of improvements and partner with other AML and technology groups to enhance and advance CIBCs enterprise wide AML programs.
Client-Focused- Demonstrate the ability to put our clients first. You will assist the investigators in obtaining the mandatory client information from the various lines of business and track completion of high risk files in accordance to predefined timelines.
Who you are
You can demonstrate experience inworking within AML for at least 3 years and have experience of working in the banking / Financial industry. You have managed teams of up to 5 members for a minimum of 2 years. It is an asset if you have CAMS accreditation.
You are a caring and accountable leader. Youre passionate about developing and coaching to bring out the best in people. You have led diverse high performing teams.
You give meaning to data. You enjoy investigating complex problems and making sense of information. Youre confident in your ability to communicate detailed information in an impactful way.
Youre digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
Youre driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
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 points-based 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 attribute-based 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
Toronto-81 Bay 29th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Accountability Adaptability AML Investigations Communication Developing Others Due Diligence Enhanced Due Diligence Flexibility Leadership People Management Regulatory Compliance Risk Assessments Team Development Team LeadershipRequired Experience:
Manager
Employment Type
Full-Time
