Associate Manager, AML Quality Assurance

Associate Manager, AML Quality Assurance (contract)

The Associate Manager, AML Quality Assurance (QA) plays a leadership role in the Compliance department while also contributing specific subject matter expertise on Anti‑Money Laundering, Anti‑Terrorist Financing and Sanctions Evasion (AML/ATF/SE) related matters. This position primarily assists the Associate Director, AML Governance and the CAMLO in the ongoing management and oversight of Equitable Bank’s enterprise‑wide AML/ATF/SE program.

• Develop, implement and maintain quality assurance processes to ensure AML policies and procedures are designed and operating effectively.
• Identify potential AML/ATF/SE risks and conduct reviews to ensure compliance with regulatory requirements.
• Review and test AML/ATF/SE processes, including customer due diligence, transaction monitoring, suspicious transaction reporting, etc.
• Offer training and guidance to AML staff on quality assurance, risk management, and regulatory compliance.
• Consistently provide professional written reporting on a regular basis on quality of testing and monitoring routines, emerging trends, and progress of compliance efforts.
• Actively identify and provide sound recommendation(s) to the Associate Director on areas of improvement to close gaps.
• Collaborate with stakeholders such as AML teams, compliance departments, and other stakeholders to ensure AML quality assurance standards are met.
• Stay up‑to‑date with regulatory requirements by monitoring and interpreting AML regulations, guidelines, and industry best practices.
• Continuously assess and improve AML quality assurance processes to ensure they remain effective and efficient.
• Actively support the Associate Director, AML Governance with the development and maintenance of enterprise‑wide AML/ATF/SE‑related documents.
• Consistently ensure the work submitted to the Associate Director, AML Governance and other stakeholders are of the highest quality, and providing oversight to ensure the same for AML team members.
• Lead a team of AML Officers and establish a two‑way working relationship with direct report(s) to solicit their views on the working environment, potential changes affecting their work and continuous improvement opportunities.
• Build and sustain a team that is capable of monitoring and testing ML/TF risks across the Bank, delivering and maintaining the performance required for the department, including coaching and the creation and implementation of training and development plans.
• Promote a positive work environment that fosters collaboration, innovation, and synergies.
• Empower staff with resources and tools to be successful in the role.
• Monitor regulatory and internal changes to recommend updates in monitoring and testing activities.

• A university degree, preferably in Business, Law or Accounting.
• 5+ years’ proven Canadian experience gained through work experience in the financial services industry, including experience in AML/ATF/SE systems and controls.
• CAMS certified or to be certified within 12 months of start date.
• Managerial experience for a minimum of 2 years.
• Demonstrated leadership skills with the ability to set strong examples for staff.
• Direct exposure in managing AML/ATF, sanctions, regulatory compliance, risk management disciplines and best practices.
• Subject matter expertise of AML/ATF/SE legislation, related regulations and guidelines.
• Lending or retail banking experience considered an asset.
• Excellent analytical, risk assessment and research skills.
• Ability to successfully handle multiple competing priorities.
• Strong time management skills.
• Excellent written and verbal communication skills, including robust public speaking and presentation skills, as well as the ability to develop and maintain strong relationships with internal and external contacts.
• Proficient knowledge of Microsoft Office (Word, Excel and PowerPoint) and internet/web navigation.
• Knowledge of French an asset.

• Competitive discretionary bonus.
• Market leading RRSP match program.