Manager, AML/ATF and Sanctions Risk Management-(Hybrid)

Central 1; Toronto; Hybrid; CAD 90,000 - 105,000; Full time

Benefits offered by this job

Work-life flexibility

Hybrid work environment

Annual incentive plan

Generous vacation

Flexible benefits

Retirement Plan

Educational assistance

Wellness platform

Career development

Wellness Flex Fund

Volunteer day

Corporate discounts

Job summary

Central 1 is seeking a seasoned Manager, AML/ATF and Compliance to lead AML/ATF investigators and analysts, ensuring high-quality service and regulatory adherence across clients. You will guide policy updates, risk assessments, and governance deliverables while mentoring the team and maintaining confidentiality.

Reporting to senior risk management, you will drive operational excellence, stay abreast of evolving regulations, and collaborate with clients and internal partners to strengthen control

Qualifications

• 7+ years in AML/ATF or sanctions with leadership experience.
• University degree in criminology, law, economics, business, or related field.
• Strong analytical and problem-solving skills for risk identification.
• Deep understanding of PCMLTFA and related regulations.
• Knowledge of AML best practices for high-risk clients and transactions.
• Experience with regulatory reporting and compliance obligations.
• CAMS or similar designation, or commitment to obtain within year.
• Excellent collaboration, planning, change management and stakeholder skills.
• Attention to detail and ability to meet deadlines.

Responsibilities

• Lead and oversee day-to-day AML/ATF investigators and analysts, ensuring high-quality service delivery.
• Stay current on AML/ATF regulations and ensure team alignment with requirements.
• Manage AML/ATF outsourcing services: monitoring, SARs, EDD, risk assessments, reporting.
• Assess regulatory changes and update policies, procedures, controls accordingly.
• Conduct reviews, testing, and audits to identify risks and implement actions.
• Develop AML/ATF deliverables: policies, risk assessments, governance documents.

Skills

AML/ATF leadership

Regulatory compliance

Stakeholder management

Data analysis

Policy development

Training

Education

Criminology/Law/Business degree

Job description

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.

What we offer

• Work-life flexibility
• Hybrid work environment
• Variable annual incentive plan
• Generous annual vacation allotment
• Top-notch flexible benefits plan including family building and gender affirmation
• Retirement Plan, matched contributions at 6%
• Access to a learning platform and educational assistance support
• Access to a virtual wellness platform
• Career development opportunities
• Wellness Flex Fund to support personal interest and activities
• Day off to volunteer in your community and other paid time off options
• Corporate discounts
• subject to employment agreement

Job Summary

The Manager, AML/ATF and Compliance plays a key role in delivering high-quality anti-money laundering and anti-terrorist financing services to Central 1's clients. Reporting to the Senior Manager, AML/ATF and Sanctions Risk Management, this role helps manage AML/ATF risks, supports efficient operations, and ensures exceptional service for both internal and external stakeholders. As a senior team member, strong leadership, sound judgment, and a high degree of confidentiality are essential.

What you'll be doing

• Lead and oversee the day-to-day work of AML/ATF investigators and analysts, ensuring high-quality service delivery and operational effectiveness.
• Stay current on AML/ATF regulations, legislation, and industry best practices, and ensure team activities align with evolving requirements.
• Manage the delivery of AML/ATF outsourcing services for clients, including transaction monitoring, suspicious transaction reporting, enhanced due diligence (EDD), risk assessments, compliance reporting, and advisory support.
• Assess the impact of new or amended regulations and implement updates to policies, procedures, and controls as needed.
• Conduct compliance reviews, internal controls testing, and periodic audits to identify risks, recommend improvements, and implement corrective actions.
• Support and lead AML/ATF initiatives for internal and external clients, including the development of policies, procedures, risk assessments, training, awareness materials, and advisory services.
• Develop and enhance operational processes, standards, and best practices to improve efficiency, consistency, and client outcomes.
• Mentor, coach, and develop team members, strengthening AML/ATF knowledge, skills, and professional growth.
• Foster a collaborative, high-performing team environment built on trust, accountability, open communication, and continuous improvement.
• Lead change management initiatives and champion process improvements that enhance operational effectiveness and results.

What you'll have

• 7+ years of experience in AML/ATF and/or sanctions, with leadership experience managing teams and driving operational performance considered an asset.
• University degree in criminology, law, economics, business administration, or a related field.
• Strong analytical and problem-solving skills, with the ability to identify AML/ATF and sanctions risks through data analysis and investigation.
• Deep understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related regulations.
• Knowledge of AML best practices for managing high-risk clients, transactions, industries, geographies, and correspondent banking relationships.
• Experience with regulatory reporting requirements and compliance obligations.
• Previous consulting or client-facing experience, with a strong customer service mindset.
• Proven ability to develop AML/ATF deliverables, including policies and procedures, risk assessments, governance documents, and risk management reports.
• Strong communication skills, with the ability to translate complex regulatory requirements into practical business guidance.
• CAMS certification (or similar designation), or a commitment to obtain one within the first year.
• Excellent collaboration, planning, organization, change management, and stakeholder management skills.
• Exceptional attention to detail, accuracy, and quality of work.
• Strong time management skills, with the ability to prioritize competing demands and consistently meet deadlines.

Salary range

$90,000-$105,000

The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.

Central 1 does not use Artificial Intelligence (AI) technology to screen, assess, or select applicants during our recruitment process. This job posting is for an existing, specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.

Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.