Senior Manager, AMLATF & Compliance-(Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients developing strategies products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information visit .

What we offer:

• Work-life flexibility

• Hybrid workenvironment

• Variable annual incentive plan

• Generous annual vacation allotment

• Top-notch flexible benefits planincluding family building and gender affirmation

• Retirement Plan matched contributions at 6%

• Access toa learning platform and educational assistancesupport

• Access to a virtual wellness platform

• Career development opportunities

• Wellness Flex Fund to support personal interest and activities

• Day off to volunteer in your community andother paid time off options

• Corporate discounts

*subject to employment agreement

Job Summary:

Join Central 1 as a Senior Manager in AML/ATF and Sanctions Compliance and play a key role in shaping how we manage high-risk clients and this role youll lead the development and oversight of compliance programs that keep us ahead of regulatory and contractual obligations while supporting both internal teams and external clients. Youll provide expert guidance on AML/ATF and sanctions risks contribute to our payment growth strategy and help drive effective efficient operations across the organization. This is a high-impact role for a trusted confidential and collaborative leader who thrives in guiding teams and influencing positive compliance outcomes.

What youll be doing:

High-Risk Client Compliance:

• Develop and manage programs to monitor and manage high-risk clients and transactions.

• Ensure compliance with Canadian and international AML ATF and sanctions laws.

• Provide guidance and advice to teams and clients on compliance matters.

• Help Central 1 maintain a strong risk-aware culture.

AML/ATF and Sanctions Programs:

• Develop maintain and improve high-risk client enhanced due diligence (EDD) and transaction monitoring programs.

• Ensure procedures reflect current roles and responsibilities and align with regulatory requirements.

• Stay up to date on all relevant Canadian and international AML/ATF and sanctions laws and industry best practices.

• Review new or updated regulations to understand their impact and update controls and procedures as needed
  

Subject Matter Expertise and Advisory:

• Act as a go-to expert for AML/ATF sanctions and regulatory compliance at both federal and provincial levels

• Provide guidance and advice to business lines and compliance teams on transactions payments and contractual obligations

• Serve as a technical reference for AML/ATF strategy governance and risk management
  

Monitoring and Reporting:

• Support internal and external monitoring programs including suspicious transaction reporting and risk assessments

• Compile reports and ensure timely accurate regulatory reporting to FINTRAC

• Conduct internal audits checks and controls to identify potential compliance gaps and implement corrective actions
  

Collaboration and Teamwork:

• Work closely with teams to deliver effective AML/ATF programs for both internal operations and external clients

• Promote the Three Lines of Defense model in all compliance activities

• Collaborate with others to identify process improvements and implement solutions that reduce risk
  

Policy Training and Change Management:

• Develop and maintain AML/ATF policies procedures standards and best practices

• Lead or support the creation of governance documents training materials and awareness programs

• Act as a positive change agent promoting a collaborative innovative and team-oriented work environment
  

Reporting and Records:

• Maintain detailed records of compliance activities and provide updates to senior management.

• Monitor and report on program effectiveness and progress in line with Central 1s risk policies

What youll have:

Experience:

• Minimum 10 years in AML/ATF and sanctions compliance.

• Experience managing teams or functional areas including planning and overseeing business and operational performance is a plus.

• Prior experience as a Chief Anti-Money Laundering Officer (CAMLO) or similar role is an asset.

Education & Certifications:

• University degree in criminology law risk management business administration or a related field.

• Professional designations such as Certified Anti-Money Laundering Specialist (CAMS) or equivalent are an asset

Regulatory Knowledge:

• Thorough knowledge of the Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Regulations

• Knowledge of Canadian US UN and international economic and anti-terrorism sanctions laws/regulations

• Familiarity with the Retail Payment Activities Act and Canadian payment market is an asset

Technical Expertise:

• Strong experience designing implementing and managing AML/ATF and sanctions compliance programs including policies procedures risk assessments monitoring reporting and training

• Ability to produce compliance deliverables such as governance documents business-based and client-based risk assessments and risk management reports

• Knowledge of best practices for high-risk clients high-risk payments and correspondent banking relationships.

• Familiarity with emerging payment trends and industries such as cryptocurrency (e.g. stablecoins) online gaming eCommerce Money Services Businesses and Payment Service Providers
  

Skills & Competencies:

• Strong ability to understand and communicate complex regulatory risk concepts

• Experience managing regulatory risk in financial services or credit union environments

• Ability to develop mid- and long-term business plans for effective operations.

• Strategic thinking research and problem-solving skills

• Excellent collaboration analytical planning and organizational skills

• Strong change management and adaptability to shifting priorities

• Effective oral and written communication with internal teams and external clients

• Exceptional attention to detail accuracy and ability to handle ambiguity

• Ability to prioritize manage time effectively and meet deadlines in high-pressure environments

Salary range: $110000-$130000

The salary range representsthe job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge skills qualifications experience and education/training.

#LI-Hybrid

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.