Senior Director, AML Advisory

CIBC; Toronto; Hybrid; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Banking benefits

Employee share purchase plan

Pension plan

Wellbeing support

Job summary

CIBC is seeking an experienced Senior Director to lead the AML Advisory team for Capital Markets in Canada, ensuring compliance with AML/ATF requirements and providing independent oversight across LoBs.

You will lead a team, coordinate with Enterprise AML, and drive process improvements while keeping abreast of regulatory changes; a hybrid work arrangement is offered with on-site 2–3 days per week.

Qualifications

• 10+ years AML compliance in financial services.
• Knowledge of Canadian AML laws and regulations.
• Experience advising/implementing AML requirements in Canada.
• Significant experience supporting Capital Markets.
• Undergraduate degree in business, law, or accounting or equivalent.
• Strong risk acumen and analytical skills.

Responsibilities

• Lead AML Advisory team providing guidance and oversight of AML/ATF compliance for Capital Markets in Canada.
• Manage relationships between Enterprise AML and Lines of Business; assess impacts of regulatory changes.
• Keep regulatory knowledge up to date and communicate changes to LoBs.
• Provide leadership to develop capabilities and strategic vision for AML/ATF program.
• Oversee annual Inherent and Control Risk Assessment for AML/ATF.
• Lead and manage department staff; foster development.

Skills

AML compliance

Regulatory knowledge

Leadership

Risk management

Communication skills

Strategic thinking

People management

Relationship management

Executive communication

Education

Undergraduate degree in business,l aw or accounting

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 Vice President, Advisory & Oversight, you will lead an AML Advisory team in providing advice and independent oversight of compliance with all regulatory requirements relating to Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) for the Capital Markets businesses in Canada,correspondent banking and other business units as assigned.

In this capacity, the Senior Director leads a team of AML officers (AMLOs) in providing guidance and oversight of money laundering and terrorist financing compliance, internal controls activities, and implementation of processes and initiatives to ensure risks are being appropriately managed. The role is also responsible for keeping up to date with regulatory information and changes, and communicating these to their respective Lines of Business (LoBs) with the objective of identifying any gaps between current practices and regulatory requirements.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote.

How You’ll Succeed

• Advisory & Risk Management – Act as primary relationship manager between Enterprise AML (EAML) and LoBs to assess impacts and strategies developed to address new or changing requirements. Provide subject matter expertise and advice during the development and implementation of new processes and initiatives to ensure compliance with applicable AML regulatory requirements. Apply a global mindset when evaluating business needs, in recognition of CIBC Capital Markets’ global footprint. Provide recommendations and escalations as applicable in respect of Client risk assessments. Lead the completion of the annual Inherent and Control Risk Assessment for AML/ATF.
• Regulatory Oversight - Provide advice and guidance on AML regulatory requirements and changes as the subject matter expert to the Lines of Business and Functional Groups you support through developing a strong understanding of their products, services, operations, controls and processes. Keep current on applicable regulations and regulatory guidance and their impacts to these groups. Understand the LoB and Functional Group’s exposure to potential money laundering, terrorist financing and Sanctions risks based on its client types, product/service offerings and operations and the controls and processes to mitigate such risks.
• Effective Leadership - Provide leadership and effective management of department staff to influence employee commitment to the organization and to the team. Build team and individual capabilities through job shadowing, special projects, and training to ensure employees are capable of performing to job requirement standards. Provide strategic leadership and vision for the continuing evolution of the Capital Markets and Correspondent Banking AML/ATF program.
• Relationship Management - Develop strong relationships with LoB leaders and employees through regular meetings, presentations, and acting as the primary contact on AML matters. Establish partnerships with Risk or Control colleagues specifically in Enterprise AML and other areas, including Risk Management, Internal Audit, Chief Administration Office, and other functional areas.

Who You Are

• You can demonstrate experience working in AML compliance within the financial services industry for a minimum of 10 years. You have comprehensive knowledge of the AML laws and regulations in Canada, and have advised, interpreted and/or implemented AML requirements at a financial institution, other reporting entity or similar entities in Canada. You have significant experience supporting Capital Markets lines of business.
• You have an undergraduate degree in business, law, or accounting or equivalent experience
• You have excellent, demonstrated risk acumen.
• You are a systematic thinker with strong process, analytical, and technical skills.
• You have excellent communication skills, both written and oral, together with strong presentation and executive communication skills.
• You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.
• You are a caring and accountable leader. You're passionate about developing and coaching to bring out the best in people. You have led diverse, high performing teams. It is an asset if you have a minimum of 2 years of people management experience.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

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 aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, 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.
• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
• Subject to plan and 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]
• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.
• 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 test (such as simulation, coding, French proficiency).
• We use artificial intelligence tools during the recruitment process. 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.

Job Location

Toronto-81 Bay, 29th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Anti-Money Laundering (AML), Coaching, Financial Transactions, Leadership, Operational Efficiency, People Management, Risk Management and Mitigation, Strategic Objectives