Sr. Director, AML Advisory – Personal & Business Banking and Commercial Banking & Wealth Management
Job Overview
Job title: Sr. Director, AML Advisory – Personal & Business Banking and Commercial Banking & Wealth Management
Job description: We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit
Job Description
What You’ll Be Doing
Reporting to the Vice President, Governance, Programs & Advisory, you will lead the EAML Advisory team in advising and supporting on all regulatory requirements relating to Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) by lines of businesses (LoBs) and functional groups in Canada within Personal & Business Banking (PBB) and Commercial Banking & Wealth Management (CBWM). In this capacity, the Senior Director leads a team of AML officers (AMLOs) in providing guidance and oversight of AML and ATF compliance, internal controls activities, and implementation of processes and initiatives to ensure compliance. The role is also responsible for keeping up to date with regulatory information and changes, and communicating these to the respective LoBs. The role provides subject matter expertise and advice on the development of new products, services and other change management initiatives to assigned lines of businesses.
How You’ll Succeed
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, controls and processes. Keep current on applicable regulations and regulatory guidance and their impacts to these groups. Understand the LoB and Functional Group’s exposure 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 influence with partners to support a strong and effective AML compliance program. Deliver leadership and management to influence employee commitment to the organization and to the team.
Relationship Management – Develop strong relationships with the LoB leaders 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, Business Controls, and other functional areas. Your effective communication skills with different LOB leaders and employees, understanding of the business and AML/ATF Regulations will contribute to your success
Who You Are
You can demonstrate experience working in AML compliance within the financial services industry for a minimum of 5 years. You have comprehensive knowledge of the AML laws and regulations in Canada, and have advised, interpreted and/or implemented AML requirements at a financial institution, other reporting entity or similar entities in Canada. You have strong knowledge and experience of the Canadian banking industry, particularly as it relates to Personal Banking, Business Banking, Commercial Banking and Wealth Management.
You have an undergraduate degree in business, law, accounting or a related field and/or relevant years of experience in interpreting and implementing regulatory regimes, preferably related to anti-money laundering and/or anti-terrorist financing.
You act like an owner. You thrive when you’re empowered to take the lead, go above and beyond, and deliver results.
You are a caring and accountable leader. You’re passionate about developing and coaching to bring out the best in people. You have led diverse, high performing teams. It is an asset if you have a minimum of 5 years of people management experience.
Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
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 health benefits program, defined benefit pension plan, an employee share purchase plan 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.
What you need to know
- CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact
- You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit
Job Location Toronto-81 Bay, 29th Floor
Employment Type Regular
Weekly Hours 37.5
Skills
Company: CIBC
Expected salary:
Location: Toronto, ON
Job date: Fri, 17 Dec 2021 01:35:28 GMT
Job Source: Careerjet.ca