Senior Manager, AML

Why FirstOntario?

• Competitive compensation packages
• Top-tier health and wellness benefits, along with both a Health Spend Account ($500/yr) and a Personal Spend Account (up to $125/yr)
• Up to $1000 per year towards professional development
• Pension Plan
• Company-wide Employee Volunteer program (Blue Wave Program)
• Employee and Family Assistance Program
• Exclusive banking benefits
  
  

Job Overview

The Senior Manager, Anti-Money Laundering (AML) will oversee the end-to-end effectiveness of our Anti-Money Laundering (AML) Compliance Program. Reporting to the Director, AML & Fraud, the role will provide oversight, monitoring, and reporting on financial crime risks across the organization. This role will support the Director, AML & Fraud in maintaining an effective program including ensuring AML/ATF related policy and procedures are maintained and current, while establishing a comprehensive and effective regime within the Credit Union.

Role

• Provide leadership and coaching to the internal AML team
• Ensure the timely and accurate preparation of all Regulatory Reporting in adherence with current
• Complete the annual AML Risk Assessment, as well as on-going maintenance as required.
• Oversee the yearly review of AML policies, procedures, and other related
• Oversee the Unusual Transaction Reports (UTR's) submitted to ensure the appropriate action has been taken
• Lead and enhance AML training programs as
• Oversee the annual review of high risk personal and business member accounts including organizing the updating of their
• Be responsible for overseeing the duties performed by our AML outsourced services provider
• Perform assessment for derisking
• Proactively recommend strategies to improve or update existing AML/ATF controls or create new controls to ensure the effective management of ML/TF risk.
• Be a point of escalation for the frontline for AML/ATF related inquiries/exceptions relating to regulatory interpretation or the Credit Union's AML/ATF program while ensuring compliance with applicable laws, regulations, guidelines, and established procedures.
• Identify gaps in AML compliance, process deficiencies and make recommendations for improvement as
• Collaborate with internal and external sources, including police and law enforcement agencies where needed,
• Proactively monitor and analyze emerging and new AML/ATF legislation and compliance related issues, developments, trends, and risks to the Credit Union and provide sound recommendations for action to the Director, AML & Fraud
• Manage summaries, presentations, and statistics, that will be utilized in quarterly Risk Committee reporting regarding AML/ATF Compliance within the Credit Union.
• Participate in training related to this role as required to maintain a high level of awareness of regulations and industry
• Lead and participate in other projects as required that support the Risk Division in obtaining its strategic goals and corporate
  
  

Required Skills

• University Degree in Business or equivalent
• 7 + years of proven experience gained through work experience in the financial services industry, including experience in AML/ATF systems and controls
• Managerial experience for a minimum of 3 years
• CAMS certified or to be certified within 12 months of start date
• Excellent analytical, risk assessment and research skills
• Ability to successfully handle multiple competing priorities
• Strong time management skills
• Excellent written and verbal communication skills, including strong public speaking and presentation skills, as well as the ability to develop and maintain strong relationships with internal and external contacts.
• Strong analytical, troubleshooting and logic thinking
• Possess a team building leadership style that is effective in coaching, developing, retaining, and motivating a team
  
  

Interested in this role, but don't meet every requirement?

We encourage you to apply! We know from experience that a candidate doesn't need 100% of the qualifications listed to bring incredible value to our team. We're actively seeking diverse backgrounds and perspectives to help make FirstOntario better. At FirstOntario, inclusion, diversity, and equity aren't just "nice to have" - they're essential to our success.

Our inclusive work environment welcomes diversity and supports accessibility. If you require accommodation at any time during the recruitment process, please let us know.