Assistant Manager, AML

Bank of China (Canada); Markham; On-site; CAD 75,000 - 85,000; Full time

Job summary

A leading financial institution is seeking an AML Analyst to support its Anti-Money Laundering and Anti-Terrorist Financing program. The successful candidate will ensure regulatory compliance, conduct investigations, and support the continuous improvement of AML practices, working closely with internal teams.

Qualifications

• 2-3 years of experience in AML, compliance, or risk management.
• Strong understanding of AML/ATF risks.
• Knowledge of AML legislation and regulatory frameworks in Canada.

Responsibilities

• Conduct enhanced due diligence reviews for high-risk clients.
• Investigate transaction monitoring alerts for money laundering risks.
• Perform quality assurance reviews on LCTR and EFT processes.

Skills

Analytical skills

Problem-solving skills

Written communication skills

Interpersonal skills

Education

Bachelor’s degree in Finance, Business Administration, or related field

Tools

Microsoft Office (Excel, Word, Outlook)

Job description

Direct message the job poster from Bank of China (Canada)

Job Title: AML Analyst

Location: Markham, Ontario

Job Type: Full-time, 6-month contract

Job Summary:

We are seeking a detail-oriented and experienced AML Analyst to support the Bank’s Anti-Money Laundering and Anti-Terrorist Financing (ATF) program. This position plays a critical role in ensuring regulatory compliance, identifying suspicious activities, and maintaining strong internal AML controls. The successful candidate will support investigations, conduct due diligence, ensure quality assurance, and contribute to the continuous improvement of the Bank’s AML practices.

What You Will Do:

• Complete enhanced due diligence reviews for higher-risk clients in accordance with internal policies.
• Investigate and assess transaction monitoring alerts for potential money laundering and terrorist financing risks.
• Identify and monitor unusual or suspicious activities and transactions; ensure timely reporting to the Chief AML Officer (CAMLO).
• Conduct daily assessments of AML system and SWIFT reports to identify potentially sanctioned or suspicious activity.
• Perform quality assurance reviews on Large Cash Transaction Reports (LCTR) and Electronic Funds Transfer (EFT) processes.
• Maintain up-to-date knowledge of money laundering, terrorist financing, and sanctions regulations, including industry trends, typologies, and best practices.
• Assist in identifying systemic procedural weaknesses and recommend improvements or additional staff training as needed.
• Review and respond to external requests received by the AML team.
• Draft and contribute to internal procedures, documentation, and reports for senior management.
• Conduct various quality assurance exercises to ensure AML program effectiveness.
• Support and provide guidance and training to team members and internal stakeholders.
• Carry out ad hoc duties or projects as assigned by the Head of AML.

What You Bring to the Table:

• Bachelor’s degree in Finance, Business Administration, or a related field.
• 2–3 years of experience in AML, compliance, or risk management within financial services.
• Strong understanding of AML/ATF risks, especially in personal and commercial banking.
• Proven analytical and problem-solving skills, with the ability to detect patterns and anomalies.
• Effective written communication skills, including summarizing findings and drafting reports.
• Proficiency in Microsoft Office (Excel, Word, Outlook).
• Strong interpersonal skills and ability to work collaboratively across departments.
• Knowledge of AML legislation, regulatory frameworks, and typologies in Canada is essential.
• CAMS or a similar AML certification is an asset.

Bank of China (Canada) is committed to fostering an inclusive workplace where diversity is valued. We welcome applications from all qualified candidates. Please note that only those selected for further consideration will be contacted.

Accommodation: Bank of China (Canada) is committed to providing accommodations throughout the recruitment process. If you require any accommodations, please contact the HR team, and we will be happy to assist.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Temporary

Job function

• Job function

  Finance

• Industries

  Banking

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