Manager, AML

Overview

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The Manager, AML FIU is responsible for the implementation of appropriate Anti-Money Laundering and Anti-Terrorism Financing (collectively referred to as “AML”) compliance policies and procedures that meet and/or exceed regulatory requirements and industry standards within a dedicated area of the Bank’s AML Program. The Manager, AML is primarily responsible for overseeing the day-to-day operations of the AML program within key areas such as transaction monitoring, name-screening, reporting of Suspicious Transactions, management of outsources operational activities and escalations.

• Monitor the Bank’s AML/ATF program to ensure compliance with all Legislative and Regulatory requirements.
• Provide support and guidance on adjudication of alerts generated as a result of transaction monitoring of PC Bank’s portfolio on effectiveness of review and relevant money-laundering/terrorism-financing indicators.
• Provide support and guidance on adjudication of alerts generated as a result of name-screening of PC Bank’s portfolio against PEPs, Sanctions and Negative News.
• Manage the escalation process which includes Quality Reviews of investigator notes, determination of suspicious activity and Reasonable Grounds to Suspect thresholds, recommendations to exit the relationship with the customer and other risk considerations.
• Develop and maintain internal Standard Operating Procedures and Job Aids related to operational activities of the AML Program.
• Develop and maintain a Performance Management Framework to manage quality, timeliness and effectiveness of investigators performing daily reviews of alerts and accounts.
• Manage the relationship with outsourced partners, including identifying opportunities for operational effectiveness, monitoring quality results, coordinating of audits and examinations and vendor risk assessments.
• Support the Regulatory Governance framework by periodically reviewing governing legislation and regulations and recommend processes, procedures and oversight tests are amended to mitigate risks as it pertains to AML FIU and operations.
• Keep the CAMLO and the AML team appraised of any issues, system delays, vendor concerns and non-compliance incidents as part of ongoing conversations.
• Participate in new product and technologies implementation initiatives and projects, as required.
• Directly manage the performance of the analysts within the AML FIU, including supporting of goal and target setting, quality monitoring, career development and learning and training opportunities.
• Collaborate with the AML team on various initiatives that may overlap throughout various projects and processes or when support is needed due to shifting priorities.
• Additional accountabilities as required.

• Minimum undergraduate degree, preferably in Business, Commerce or equivalent.
• Five to seven years of AML/ATF experience at a Canadian Financial Institution.
• CAMS certified (preferred) or enrolled to be completed within 6 months.
• Must have a Canadian compliance (AML/ATF) background and have a working understanding of the PCMLTFR FINTRAC Guidelines.
• Must have experience in investigations, name-screening, high risk customer management and Enhanced Due Diligence processes in a Canadian Banking Institution.
• Must have experience in quality reviews of AML alerts/cases. An understanding of Financial Services is required, experience with credit cards would be an asset.
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