Senior Manager, AML Governance and PolicyWealthsimple is seeking a Senior Manager of AML Governance and Policy who will be responsible for the Oversight of the AML Compliance framework, ensuring the health of the program by managing policy, monitoring its effectiveness, and reporting on its status. This role sets out the necessary rules and standards of the business, with the primary goal of achieving compliance with the law.
Key Responsibilities- Program Management & Framework Oversight:
- Maintain oversight of the framework and manage policy, monitor effectiveness, and report on the health of the program.
- Conduct quality control and program effectiveness testing, which includes aspects of an internal audit function.
- Audit Management and conducts the Enterprise Wide Risk Assessment.
- Team Leadership and Operations:
- Provide team oversight/management, including coaching and feedback
- Oversee capacity planning and hiring for the team.
- Understands opportunities for optimization and strategically plans the evolution of the Governance and Policy team by assessing the needs of the organization's structure
- Leads productivity meeting discussions, monitoring quality of work and identifying training opportunities.
- Work directly with the FIU team to implement checklists and guidelines and execute them with the team.
- Identifies opportunities for operational effectiveness and executes on them.
- Policy and Standards Development:
- Define the rules and standards to ensure compliance with the law.
- Drive policy and procedural updates.
- Monitor and integrate industry and regulatory updates (FINTRAC etc.).
- Compliance and Risk Reporting:
- Oversee reporting for various bodies, including CIRO & OSC UN Reporting, FINTRAC reporting including STR, LVCTR, and EFTR.
- Provide qualitative reporting for Management Team and Audit and Risk Committee Reporting.
- Training Program Management:
- AML Training Program management, including development, deployment and completion tracking.
- Oversee training for the AML Team (covering updated policies, procedures, product offerings, and TM rules, etc.).
- Manage Company wide training and department-specific (ad hoc) training.
- External and Remediation Engagement:
- Lead external party requests, specifically handling requests from banking or liquidity partners.
- Drive the execution of incidents & remediation projects.
- Working directly with the Senior Manager, FIU for support on remediation or other projects, as needed.
The primary goal of the Governance and Policy role is
compliance with the law. This is achieved by setting out the rules and standards.
Must Have:- Minimum 7+ years of comprehensive experience in AML compliance, auditing, or risk management within the financial services industry.
- Experience leading remediation projects and/or issues management oversight
- Experience working with the regulators and/or AML Effectiveness Review auditors
- Certified Anti-Money Laundering Specialist (CAMS) or similar certification is generally preferred.
- Deep understanding of Canadian AML/ATF legislation (PCMLTFA), FINTRAC guidelines, CIRO Rulebook and international standards, and Canada's National Inherent Risk Assessment (NIRA).
- Strong analytical capabilities for complex data, excellent communication skills (for executive reporting), and experience with data visualization tools
- Proven ability to influence stakeholders and work collaboratively in a matrixed environment.
