Consultant, AML Business Effectiveness

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading bank is seeking a Consultant for Business Effectiveness to enhance transaction monitoring and analytics. The role involves collaboration with various teams to identify risks and improve processes. Candidates should have a strong background in AML, data analytics, and risk management.

Benefits

Competitive salary

Comprehensive benefits

Pension plan

Employee share purchase plan

Vacation

Wellbeing support

MomentMakers recognition program

Innovative workspaces

Personal development day

Qualifications

• Experience in Fraud, Strategy, or compliance with knowledge of AML regulations.
• Lean Six Sigma and ACAMS certifications are a plus.

Responsibilities

• Drive strategies and continuous improvement initiatives for transaction monitoring.
• Collaborate with teams to identify process gaps and recommend improvements.

Skills

Analytical Thinking

Operational Efficiency

Risk Management and Mitigation

Proactive Monitoring

Innovation

Anti-Money Laundering (AML)

Financial Transactions

Education

Degree/diploma in Business

Degree/diploma in Accounting

Degree/diploma in Finance

Degree/diploma in Law

Degree/diploma in Computer Science

Degree/diploma in Engineering

Tools

Microsoft Office

SQL

Python

VBA

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 CIBC.com

What you'll be doing

Reporting to the Director, Business Effectiveness, the Consultant, Business Effectiveness will be responsible for driving and supporting strategies and continuous improvement initiatives aimed at increasing transaction monitoring effectiveness and streamlining implementation, tuning, and advanced analytics processes.

The Consultant will collaborate closely with the Risk Management Analytics team, FIU team, and the broader AML team to identify coverage, optimization, and advanced analytics opportunities. They will work with various EAML teams and technology partners within CIBC to identify process gaps, analyze root causes, recommend improvements to senior management, and oversee initiatives to realization. With expertise in data analytics and trend identification, the incumbent will identify AML/ATF risk exposures and develop mitigation initiatives across EAML.

The role also involves supporting strategic transformation, remediation, and optimization initiatives, focusing on the transaction monitoring scale and advanced program to support future investments in EAML’s business architecture. As part of this, the Consultant will assist in developing, testing, and implementing a robust Transaction Monitoring platform to enhance reporting and analytics, as well as managing the PRM migration to prevent hardware failures and optimize rules.

We offer a flexible hybrid work environment, allowing you to spend 1-3 days on-site and the rest remotely.

How you'll succeed

• Be an architect of the EAML Program: Support process design and implementation to improve effectiveness, supporting the AML mandate through transformation and remediation projects.

• Be an agent of change: Present recommendations to management on process improvements to enhance effectiveness and efficiency, including rules development and tuning to reduce false positives. Lead continuous improvement activities, analyze process gaps, and track inefficiencies impacting investigations.

• Influence peers and senior management: Collaborate with support teams to ensure timely implementation of initiatives, manage change requests, and represent the FIU in cross-functional projects, providing operational guidance.

• Support our leaders: Assist EAML Governance, Solutions Delivery, FIU, and Risk Analytics SMEs on various initiatives as needed.

Who you are

• Knowledge of AML regulations, sanctions, or related fields: Experience in Fraud, Strategy, or compliance, with understanding of various business lines, products, services, channels, and technologies to identify risks.

• Educational background: Degree/diploma in Business, Accounting, Finance, Law, Computer Science, Engineering, or related, with experience. Lean Six Sigma and ACAMS certifications are a plus.

• Technical proficiency: Skilled in Microsoft Office (Excel, PowerPoint, Visio); familiarity with SQL, Python, VBA, or data analysis tools is advantageous.

• Communication skills: Able to articulate recommendations clearly and create concise presentations for management decisions.

• Problem-solving ability: Strong judgment and problem-solving skills to advise on compliance and risk management solutions.

• Ownership mentality: Proactive, results-driven, and empowered to lead initiatives.

• Influence and relationship-building: Skilled at networking and inspiring outcomes through effective communication.

• Alignment with values: Demonstrates trust, teamwork, and accountability, bringing authenticity to work.

What CIBC Offers

We prioritize your goals, leveraging your strengths and ambitions. Our offerings include:

• Competitive salary, incentive pay, banking benefits, comprehensive benefits, pension plan, employee share purchase plan, vacation, wellbeing support, and MomentMakers recognition program.
• Innovative workspaces and tools to foster collaboration and solution development.
• A culture encouraging growth through initiatives like Purpose Day, a paid day off for personal development.

What you need to know

• We are committed to inclusion and accessibility. For accommodations, contact [e-mail].
• Legal eligibility and work authorization are required.
• The application process may include assessments and tests to better understand your capabilities and provide insights into CIBC.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Anti-Money Laundering (AML), Financial Transactions, Innovation, Operational Efficiency, Proactive Monitoring, Risk Management and Mitigation