Enterprise Financial Crimes Compliance Risk Management Professional

U.S. Bank; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Job summary

U.S. Bank is seeking an EFCC Risk Manager in Toronto to enhance its risk management framework, particularly within Merchant Payment Services Canada. This role requires strong leadership, compliance knowledge, and a proactive attitude towards financial crimes risk management, offering a flexible hybrid work environment.

Benefits

Flexible schedule

Comprehensive benefits

Support for disabilities

Qualifications

• Bachelor's degree or equivalent work experience.
• Typically more than 10 years of applicable experience.

Responsibilities

• Oversee creation and maintenance of risk management framework.
• Ensure compliance with applicable federal, state, provincial and local laws.
• Lead projects ensuring effective partnership between business lines and defense.

Skills

Leadership

Analytical Skills

Problem-Solving

Communication

Negotiation

Education

Bachelor's degree

Tools

Microsoft Office

Job description

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Partners with leaders in their assigned Line of Business, Risk/Compliance/Audit (RCA) Consultants, and other RCA Managers to, depending on the function, oversee the successful creation, implementation, and maintenance of an effective risk management framework. The EFCC Risk Manager provides oversight and credible challenge to Business Lines and Support Functions with Canada exposure on the effectiveness of processes and controls that mitigate financial crimes risk. Lead projects and/or activities that ensure compliance with applicable federal, state, provincial, and local laws and regulations. Ensures the active identification, response and/or escalation of risks as appropriate. May influence policies and procedures to maximize profit potential and minimize regulatory exposure. Accountable for an effective partnership between the Line of Business and the Lines of Defense.

This position is focused on Merchant Payment Services Canada financial crimes compliance.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Typically more than 10 years of applicable experience

Preferred Skills/Experience

• Advanced knowledge of applicable laws, financial crimes regulatory requirements, financial services, and regulatory trends that impact their assigned line of business.

• Understanding and/or awareness of FINTRAC’s Guidelines, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

• Experience with Risk Assessments, ESRP review, PRISM, Third-Party Risk Management, and/or Audit/Issue Management processes.

• Comfortable with operating in the gray, comfortable with providing oversight and/or credible challenge, and/or subject matter expertise in compliance, AML/BSA, and regulations.

• Experience with identifying emerging risks and providing recommendations on when Business Line’s policy, procedure, and controls need updating based on enterprise policy changes.

• Advanced understanding of the business line’s operations, products/services, systems, and associated risks/controls

• Thorough knowledge of Risk/Compliance/Audit competencies

• Strong leadership and management skills of processes, projects and people

• Effective written and verbal communication skills

• Strong analytical, problem-solving and negotiation skills

• Proficient computer skills, especially Microsoft Office applications

• Applicable professional certifications

NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind.

Posting may be closed earlier due to high volume of applicants.