Associate Manager, AML Quality Assurance (contract)

Toronto - Canada

Monthly Salary: Not Disclosed

Posted on: 2 hours ago

Vacancies: 1 Vacancy

Job Summary

Join a Challenger

Being a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate about redefining the future of bankingwhile having funthis could be your next big opportunity.

Our company continues to grow and today we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks wholly-owned 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 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:

TheAssociateManager AMLQuality Assurance (QA)plays a leadership role in the Compliance department while also contributing specific subject matterexpertiseon Anti-Money LaunderingAnti-Terrorist Financingand Sanctions Evasion(AML/ATF/SE) related matters. This position primarilyassiststheAssociateDirectorAMLGovernanceand the CAMLOin the on-going management and the oversight of Equitable Banks enterprise-wide AML/ATF/SEprogram.

The Associate ManagerAML Quality Assurancesrole is a multi-faceted one as responsibilities may includeoversight of AML/ATF/SEmonitoring and testing (M&T) routines the oversight of Quality Assurance (QA) reviewsidentifyingAML/ATF/SEissues to be raisedand documented under the Banks Issues Management Programand providing guidance to the AML team and Business Units. The environment is fast-paced and requires effective time management of multiple tasks and projects.

The Core Responsibilities of the Job:

Developimplementandmaintainquality assurance processes to ensure AML policies and procedures aredesigned andoperatingeffectively.
Identifypotential AML/ATF/SErisks and conductreviewsto ensure compliance with regulatory requirements.
Reviewand test AML/ATF/SEprocesses including customer due diligence transaction monitoring suspicioustransactionreportingetc.
Offer training and guidance to AML staff on quality assurance risk management and regulatory compliance.
Consistently provideprofessional written reporting on a regular basis on quality of testing and monitoring routines emerging trends and progress of compliance efforts.
Activelyidentifyand providesound recommendation(s) to theAssociate Directoron areas of improvement to close gaps.
Collaborate with stakeholderssuch asAML teams compliance departments and other stakeholders to ensure AML quality assurance standards are met.
Stayup-to-datewith regulatory requirementsby monitoringand interpretingAML regulations guidelines and industry best practices.
Continuously assess and improve AML quality assurance processes to ensure theyremaineffective and efficient.
Actively support theAssociate Director AML Governance with the development and maintenance of enterprise-wide AML/ATF/SE-related documents.
Consistentlyensurethe worksubmittedto theAssociate Director AML Governanceand other stakeholders are of the highestquality andproviding oversight to ensure the same for AML team members.
Leads a team ofAMLOfficers andestablishesa two-way working relationship with direct report(s) tosolicittheir views on the working environment potential changes affecting their work and continuous improvement opportunities.
Builds and sustains a team thatis capable of monitoring and testingML/TF risks across the Bank delivering andmaintainingthe performance required for the department including coaching and the creation and implementation of training and developmentplans.
Promotes a positive work environment that fosters collaboration innovation and synergies.
Empowers staff with resources and tools to be successful in the role.
Monitors regulatory and internal changes to recommend updates in monitoring and testing activities.

Lets Talk About You!

A university degree preferably in BusinessLawor Accounting
5 years proven Canadian experience gained through work experience in the financial services industry including experience in AML/ATF/SEsystems and controls
CAMS certified or to be certified within 12 months of start date
Managerial experience for a minimum of2years
Demonstrated leadership skills with the ability to set strong examples for staff
Direct exposure in managing AML/ATFsanctionsregulatory compliance risk managementdisciplinesand best practices
Subject matterexpertiseofAML/ATF/SElegislation relatedregulationsand guidelines.
Lendingor retail bankingexperience considered an asset
Excellent analytical risk assessmentand research skills
Ability to successfully handle multiple competing priorities
Strong time management skills
Excellent written and verbal communication skills including strong public speaking and presentation skills as well as the ability to develop andmaintainstrong relationships with internal and external contacts
Proficientknowledge of Microsoft Office (WordExceland PowerPoint) and internet/web navigation
Knowledge of French an asset

What we offer For full-time permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical dental vision life and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up 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 2200-25 Ontario Street 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 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 barrier-free 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:

Manager

Join a ChallengerBeing a traditional bank just isnt our thing so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there With a talented team of inquisitive and agile challengers that break through the status quo. So if youre passionate abo...