Whatyoullbedoing
Reporting to the Vice President, Advisory & Oversight, you will lead an AML Advisory team in providing advice and independent oversight of compliance with all regulatory requirements relating to Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) for the Capital Marketsbusinesses in Canada,correspondent banking and other business units as assigned.
In this capacity, the Senior Director leads a team of AML officers (AMLOs) in providing guidance and oversight of money laundering and terrorist financing compliance, internal controls activities, and implementation of processes and initiatives to ensure risks are being appropriately managed. The role is also responsible for keeping up to date with regulatory information andchanges, andcommunicating these to their respective Lines of Business (LoBs) with theobjectiveofidentifyingany gaps between current practices and regulatory requirements.
At CIBC we enable the work environment mostoptimalfor you to thrive in your role.Youllhave the flexibility to manage your work activities within a hybrid work arrangement whereyoullspend 2-3 days per week on-site, while other days will be remote.
Howyoullsucceed
Advisory & Risk Management Act as primary relationship manager between Enterprise AML (EAML) andLoBsto assess impacts and strategies developed to address new or changing requirements. Provide subject matterexpertiseand advice during the development and implementation of new processes and initiatives to ensure compliance with applicable AML regulatory requirements. Apply a global mindset when evaluating business needs, in recognition of CIBC Capital Marketsglobal footprint. Provide recommendations and escalations as applicable in respect of Client risk assessments. Lead the completion of the annual Inherent and Control Risk Assessment for AML/ATF.
Regulatory Oversight -Provide advice and guidance on AML regulatory requirements and changes as the subject matter expert to the Lines of Business and Functional Groups you support through developing a strong understanding of their products, services, operations,controlsand processes.Keep current on applicable regulations and regulatory guidance and their impactstothese groups. Understand theLoBand Functional Groupexposure to potential money laundering, terrorist financing and Sanctions risks based on its client types,product/service offerings and operations and the controls and processes to mitigate such risks.
Effective Leadership -Provide leadership and effective management of department staff to influence employee commitment to the organization and to the team.Build team and individual capabilities through job shadowing, special projects, and training to ensure employees are capable of performing to job requirement standards.Provide strategic leadership and vision for the continuing evolution of the Capital Markets and Correspondent Banking AML/ATF program.
Relationship Management -Develop strong relationships withLoBleaders and employees through regular meetings, presentations, and acting as the primary contact on AML matters. Establish partnerships with Risk or Control colleagues specifically in Enterprise AML and other areas, including Risk Management, Internal Audit, Chief Administration Office, and other functional areas.
Who you are
You candemonstrateexperienceworking in AML compliance within the financial services industry for a minimum of 10 years.You have comprehensive knowledge of the AML laws and regulations in Canada, and have advised,interpretedand/or implemented AML requirements at a financial institution, other reportingentityor similar entities in Canada. You have significant experience supporting Capital Markets lines of business.
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What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
Job Location
Toronto-81 Bay, 29th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Anti-Money Laundering (AML), Coaching, Financial Transactions, Leadership, Operational Efficiency, People Management, Risk Management and Mitigation, Strategic Objectives