Manager, AML

Join a Challenger

At EQB were remaking banking so every Canadian gets ahead every day. Serving nearly 4 million Canadians from coast to coast we offer a wide variety of financial services from banking and lending to trust and credit union solutions.

Weve been at this since 1970 challenging the conventions of traditional banking with smarter faster and more connected financial experiences.

Whats kept us moving The people behind it all: challengers who ask better questions push back on old assumptions and look for a better way forward.

If youre driven to help reshape how banking works for Canadians and the businesses that power our economy this could be your next big opportunity.

We cant wait to get to know you!

The Work

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 Banks 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.

What Youll Do!

• Monitor the Banks 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 Banks 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 Banks 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.

What You Bring!

• 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.
• Previous people-managing experience is required.
• Previous experience working with outsourced partners or vendor management is an
  asset.
• The ability to assist in interpreting legislation and changes in regulatory
  requirements and to assist business partners in understanding and applying the
  required changes.
• Strong communication and interpersonal skills with the ability to foster and develop
  relationships both internally and externally with regulatory stakeholders.
• A good team player who is also able to work independently in a fast-paced
  environment.
• PC skills including MS Office (Word Excel Access PowerPoint) and internet
  navigation; experience with various name-screening/transaction monitoring/core
  banking systems is an asset.
• Motivation and willingness to learn new computer programs/applications as
  required.
• Strong organization skills.
• Ability to work independently with minimal supervision and ability to work in an agile
  environment namely pivot and prioritize work in accordance with department
  priorities and risks.

What we offer For full-time permanent roles

Competitive discretionary bonus

Market leading RRSP match program

Medical dental vision life and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days

Virtual events to connect with your fellow colleagues

Professional development and comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from EQ Banks additional office space located at 2200-25 Ontario Street Toronto ON .

Equity Diversity & Inclusion

EQ is committed to building an inclusive accessible environment where every employee feels valued respected and supported. We believe our organization is stronger and our people thrive when we honour and celebrate diverse experiences identities and perspectives. Were equally committed to supporting your growth both professionally and personally.

We provide a barrierfree recruitment process and work environment. If you require accommodations at any stage we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process EQ uses AI to help screen assess and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.

EQB Inc. (TSX: EQB) is the parent company of Equitable Bank the countrys seventh-largest Schedule I bank by assets which operates EQ Bank Canadas Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

To learn more visit and .

Required Experience:

Manager