Associate, Transaction Monitoring (12-month contract)

Canadian Imperial Bank of Commerce; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Associate for Transaction Monitoring. This role involves conducting reviews of transaction activities to ensure compliance with Anti-Money Laundering (AML) regulations. You will work closely with internal stakeholders to assess risks and prepare detailed reports. The ideal candidate will have an undergraduate degree and AML experience, along with strong analytical and communication skills. Join a collaborative environment where your contributions will make a meaningful impact on client relationships and compliance practices.

Benefits

Competitive Compensation

Banking Benefits

Wellbeing Support

Employee Assistance Programs

Social Recognition Programs

Qualifications

• Minimum of 1-3 years of AML experience with understanding of AML technical terms.
• Knowledge of AML regulations and FATF guidance.

Responsibilities

• Assist ongoing review and assessment of transaction activity.
• Identify risks to effectively mitigate compliance/AML risk.

Skills

Analytical Thinking

Business Development

Credit Risk Management

Customer Experience (CX)

Financial Modeling

Financial Statement Analysis

High Net Worth Individuals

Portfolio Management

Researching

Education

Undergraduate Degree in Relevant Discipline

Tools

Microsoft Office Suite

Job description

Associate, Transaction Monitoring (12-month contract) page is loaded

Associate, Transaction Monitoring (12-month contract)

Apply locations Toronto, ON time type Full time posted on Posted Yesterday time left to apply End Date: May 21, 2025 (12 days left to apply) job requisition id 2510984

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 CIBC.com

What You'll Be Doing

The Portfolio Risk Management (PRM) team within Global Transaction Banking (GTB) is responsible for the first line Anti-Money Laundering (AML) Program for Correspondent Banking and Corporate Banking clients and includes a Transaction Monitoring team and a Due Diligence team. Within PRM, the first-line Transaction Monitoring team is responsible for conducting ongoing reviews of transaction activities to ensure alignment with the overall client Due Diligence/Know-Your-Client portfolio, assess key trends observed, and identify and determine whether requests for information and/or unusual activity reports are required. The Transaction Monitoring group performs monthly and ad hoc assessments of activity that form part of the KYC client profile. Together with the Due Diligence team, the Transaction Monitoring team partners closely with internal stakeholders including GTB Relationship Managers, Global Money Operations, Payment Teams, and Enterprise Anti-Money Laundering (EAML) to ensure best AML practices are followed.

As a member of the GTB Portfolio Risk Management team, you will have the opportunity to contribute to the successful execution of CIBC’s Enterprise AML framework as it relates to GTB’s correspondent banking clients.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You'll Succeed

• Review and Assessment - Assist ongoing review and assessment of transaction activity related to Correspondent Banking clients

• KYC & Transaction Validation - Assess and validate transaction activity with the objective of highlighting higher risk trends, benchmarking activity against KYC data points and documenting any changes in overall transaction activity

• Risk mitigation - Identify risks to CIBC under purview of transaction monitoring to effectively mitigate risk to CIBC. Investigate any potential risk-related concerns through analysis, research, and issuance of Requests for Information (RFIs) or Unusual Transaction Reports (UTRs) as appropriate

• RFI and reporting - Initiate RFIs where appropriate, ensuring timely response, adjudication and reporting of activity identified

• Transaction Monitoring - Maintain and document transaction monitoring records. Ensure transaction monitoring records are of high quality, with detailed findings that clearly communicate results of trends (high risk trends, benchmarking etc.) and observations. Ensure assessments and reports are complete, accurate, and completed according to SLAs

• Recommendations - Make high quality risk-based recommendations to support client relationships that stand up to scrutiny by business personnel, compliance, internal/external audit and regulators. Prepare written reports with recommendations to assist in effectively responding to higher risk activity and/or trends identified

Who You Are

• You have an undergraduate degree in a relevant discipline

• You’re a certified professional . ACAMS/other AML-related credentials (ACFCS, etc.) considered an asset

• You can demonstrate a minimum of 1 – 3 years of AML experience including understanding of AML technical terms and concepts. Prior research experience, in any capacity will be preferred

• You possess knowledge of AML regulations and FATF guidance along with ability to gather, analyze, organize, document and present large volumes of information in a succinct and organized manner. Knowledge of SWIFT payments and message types would be preferred

• You act like an owner . Solid organizational, planning, and time management skills with ability to multi task, gather, organize and interpret data and formulate preliminary conclusions

• You possess strong critical thinking. Ability to demonstrate a good understanding and judgement of risk, particularly compliance/AML risk

• You can demonstrate excellent written and verbal communication skills to properly communicate recommendations

• You are technically savvy . Strong Microsoft Office Suite skills is a must

• Values matter to you . You bring your real self to work and you live our values - trust, teamwork, and accountability

#LI-TA

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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.

*Subject to program terms and conditions

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 [e-mail]

• 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

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Expected End Date

2025-05-26

Job Location

Toronto-161 Bay St., 8th

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Analytical Thinking, Business Development, Credit Risk Management, Customer Experience (CX), Financial Modeling, Financial Statement Analysis, High Net Worth Individuals, Portfolio Management, Researching

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At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.