Manager, Anti Money Laundering 18 month maternity leave coverage-(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:

The Manager Anti-Money Laundering is a key member of the Compliance Team reporting directly to the Director of Compliance & CAMLO. This role ensures the organization maintains strong governance compliance and control frameworks around Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF). You will work closely with senior leadership regulatory authorities and internal stakeholders to ensure policies procedures and standards are clearly defined communicated and consistently applied across the organization.

**This is an 18 month maternity leave coverage role**

What youll be doing:

As an AML expert youll lead guide and influence compliance activities across the organization including:

Subject Matter Expertise & Guidance

• Provide specialist advice on AML financing of terrorism and related regulatory issues.

• Support business lines in applying the AML/CTF Framework consistently and effectively.

• Challenge assumptions and escalate unresolved or material concerns to the Director of Compliance & CAMLO.
  

Policy & Program Management

• Maintain and update AML/CTF policies procedures and control frameworks in line with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act FINTRAC regulations and other regulatory requirements.

• Lead high-priority AML projects and ad-hoc compliance initiatives.

• Identify opportunities for continuous improvement innovation and enhanced risk mitigation
  

Risk Assessment & Monitoring

• Conduct AML/CTF risk assessments control testing and transaction monitoring activities.

• Oversee independent testing and validation of AML controls across business processes.

• Support client onboarding by assessing AML risk and ensuring compliance with policies and regulations.

• Review reports challenge anomalies and escalate suspicious activities appropriately
  

Investigations & Reporting

• Plan execute and document risk-based investigations including suspicious transaction reporting (STRs) and event-driven reviews.

• Maintain accurate records of investigative actions control assessments and compliance activities.

• Prepare reports and dashboards for leadership highlighting operational metrics performance and risk insights.

Training & Collaboration

• Design and deliver AML/CTF training programs for employees agents and authorized representatives.

• Collaborate with internal audit and assurance functions to validate program effectiveness and remediate gaps.

• Work closely with business lines and corporate functions to independently validate AML risk assessments
  

Regulatory & Industry Awareness

• Monitor emerging AML/CTF regulations industry trends and typologies.

• Provide insights and recommendations to enhance controls and mitigate emerging risks
  

What youll have:

• Education: Bachelors degree in Business Law Finance Risk Management or related field (Masters preferred).

• Experience: 10 years in AML or financial crime compliance within a regulated financial institution.

• Professional Credentials: CAMS designation or equivalent.

• Proven track record in AML program development risk assessments investigations and regulatory reporting.

• Deep understanding of Canadian AML/CTF legislation OSFI guidelines FINTRAC requirements and global financial crime trends.

• Exceptional communication and presentation skills with the ability to simplify complex regulatory concepts for executives and staff.

• Strong analytical problem-solving and decision-making abilities with experience managing multiple priorities in fast-paced deadline-driven environments.

• Entrepreneurial mindset committed to innovation continuous learning and delivering business results.

• Proficiency in MS Teams Office 365 and the ability to leverage AI/data tools for monitoring and reporting.
  

Salary range: $87000-$105000

The salaryrepresentsthe 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 does not use Artificial Intelligence (AI) technology to screen assess or select applicants during our recruitment process. This job posting is for an existing specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.

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.