Vice President & Chief Anti- Laundering Officer; CAMLO

Enterprise AML/ATF Program Leadership:

• Design and lead a comprehensive, risk-based AML/ATF/Sanctions compliance program covering all of EQB’s business lines and distribution channels.
• Develop and update AML/ATF policies, procedures, and internal controls in alignment with legal requirements (PCMLTFA, Criminal Code, United Nations Act and Special Economic Measures Act for sanctions) and international best practices (e.g. FATF Recommendations).
• Ensure these controls are tailored to the nature, size, and complexity of EQB’s operations, including its digital banking platform, and address the evolving methods of money laundering and terrorist financing.

• Serve as the primary contact with FINTRAC for all AML/ATF reporting and examinations.
• Oversee the timely and accurate submission of all required regulatory reports, such as Suspicious Transaction Reports (STRs), Electronic Funds Transfer Reports (EFTRs), Terrorist Property Reports, and any other filings mandated by the PCMLTFA and related regulations.
• Coordinate with the relevant regulators on AML-related inquiries and ensure that expectations are met.
• Lead the preparation for and response to regulatory audits or reviews of EQB’s AML program, and promptly implement any necessary corrective actions or recommendations.
• Ensure compliance and adherence to all AML regulations and internal AML Regulatory Compliance Management is up to date

• Conduct and regularly refresh enterprise-wide assessments of inherent money laundering, terrorist financing, and sanctions evasion risk. Identify high-risk products, services, customer segments, and geographies in EQB’s profile.
• Use these assessments to inform the design and calibration of controls – for example, setting parameters for transaction monitoring rules, defining due diligence standards for higher-risk customers (Enhanced Due Diligence), and updating sanctions screening protocols.
• Ensure that any new product, service, or business initiative undergoes an AML risk review so that appropriate controls are in place before launch.
• The CAMLO must continually “keep the program current” by adjusting controls in response to changes such as new regulatory typologies, emerging technologies (e.g., real-time payments), or shifts in the bank’s risk environment.

• Oversee the operation of systems that detect transactions and customer behavior indicative of money laundering or terrorist financing, such as unusual transfers or links to sanctioned entities.
• Ensure that automated transaction monitoring systems, sanctions screening tools, and customer risk rating models are effectively identifying potential issues and generating quality alerts.
• Where manual reviews are required, ensure the team has the capacity and expertise to analyze those alerts.
• Maintain clear investigative procedures for alert handling and decision-making on whether to file STRs.
• Continuously refine the monitoring rules and thresholds to optimize detection (capturing true suspicious activity while minimizing “false positives”).
• Additionally, confirm that all information gathering and reporting systems produce accurate data for management reports and regulatory filings, with consistency in criteria and definitions across the enterprise.

• Supervise investigations into suspicious activities or regulatory AML queries. This involves guiding a team of AML investigators or analysts in reviewing complex transactional patterns, analyzing customer profiles, and documenting findings.
• Ensure that when suspicious activity is confirmed, appropriate internal actions are taken (such as account restrictions or exit decisions in partnership with business leadership and Legal), and that external reports (STRs or law enforcement referrals) are made swiftly.
• Oversee a centralized case management process to track all investigations and their outcomes, maintaining an audit trail and ensuring issues are resolved or escalated in a timely manner.
• Champion the responsible use of advanced analytics, machine learning, and AI‑enabled tools to enhance…