Senior Manager, AML Investigations; Transaction Monitoring Case Investigations

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Requisition
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Manager, Anti Money Laundering Investigations leads and oversees the Anti Money Laundering Unit (AMLI), ensuring AML related regulatory obligations, business strategies, plans, and initiatives are executed/delivered in compliance with governing regulations, as well as internal policies and procedures.

Is this role right for you? In this role, you will:

• Lead and drive a client-focused culture throughout your team to deepen Client relationships and leverage broader Bank relationships, systems, and knowledge.
• Provide tactical and strategic support to the AMLI relative to the investigation and management of AML Automated Monitoring System (AMS) Alerts, Unusual Transaction Reports (UTRs) and Referrals, as assigned, including high-profile cases, ensuring operational and reputational risks are duly managed.
• Lead and manage the investigation of complex cases and serve as an escalation and resolution point on higher-risk cases that pose material risk exposure to the Bank.
• Support the implementation of new AML methodologies and monitoring tools to mitigate new and emerging money laundering (ML)/terrorist financing (TF) risks, while conducting ongoing analysis of core operational processes to identify potential procedural gaps and foster an environment of continuous improvement.
• Oversee centralized, group-wide information sharing in accordance with policy. Foster communication with Canadian branches and subsidiaries to acquire necessary information and timely responses to requests for information (RFIs) from the AMLI. This information applies to managing reputational and regulatory AML related risks.
• Collaborate and lead where appropriate with key Transaction Monitoring (TM) stakeholders, including, but not limited to, AML Operations, on audit/issue management and closure, reporting, communications & change management, process/procedure enhancements, resource planning, and special projects.
• Coordinate the investigation of unusual transactions and potential high-risk Clients and manage the development of the investigative team to acquire an expert-level knowledge of regulatory requirements and money laundering typologies. Where Clients pose unacceptable risk to the Bank, prepare the necessary documentation, and follow established procedures to recommend Client exits to business line management.
• Manage/direct the team to report suspicious transactions to the appropriate regulatory authority in a timely manner and in accordance with regulations.
• Resolve quality issues and disputes escalated by AMLI Managers.
• Evaluate the potential risk posed by activity reported by business units and, where applicable, assess the Bank’s exposure to a given Client. Participate in formulating appropriate risk mitigation strategies including exiting relationships that pose unacceptable risks to the Bank. Maintain accurate and complete records of investigations including the rationale for concluding whether activities are suspicious and whether or not Clients represent higher or unacceptable levels of risk.
• Oversee risk-mitigation activities, including, but not limited to, recommending enhanced due diligence, enhanced monitoring, and management of Client relations with the business line relationship owners.
• Coordinate activities in response to requests from law enforcement agencies, FINTRAC, and/or other Bank FIUs under the auspices of BCPIF and other Law Enforcement related items.
• Understand how the Bank’s Risk Appetite Statement (RAS) and risk culture should be considered in…