Senior Manager, AML

Fairstone; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

Fairstone is seeking a Senior Manager, AML, to uphold a culture of compliance and manage the Bank's AML/ATF program. The role involves monitoring activities, regulatory reporting, and leading a team, requiring a high level of analytical skills and previous AML experience. Join a recognized employer committed to innovation and employee well-being.

Benefits

Work-Life Balance

Wellness solutions available 24/7

Minimum 15 paid vacation days and 6 wellness days

Paid Volunteer Day

Employee and employer pension plan contributions

Access to Fairstone Academy for training

Exclusive employee discounts

Qualifications

• 5+ years of AML/ATF operational experience, preferably in financial services.
• Knowledge of AML operations, standards, procedures, laws, rules, and regulations.
• ACAMS certification preferred (not required).

Responsibilities

• Oversee the AML/ATF Program and ensure compliance within the Bank.
• Manage the day-to-day activities of the AML alert management program.
• Lead a team of AML Analysts and mentor them.

Skills

Analytical skills

Attention to detail

Time management

Communication skills

Interpersonal skills

Education

Bachelor’s degree

Tools

Microsoft Office

Excel

Job description

At Fairstone, our culture isbuilton strong values and leadership principles that definethe expectations we have for working together and with our customers. We help Canadians find the right solution to meet their needs with a variety of products and services. Our values and principles guide the actions we take to ensure our customers get the best experience possible.

Be part of our talented and growing team!

We are currently looking for a Senior Manager, AML, to join our team report to the Director, AML.

As the Senior Manager, AML, you will be responsible responsible for upholding an overall culture of compliance within Fairstone Bank. As part of the second line of defense, this role is critical in supporting the Bank’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Program. You will also be responsible for the day-to-day development, implementation, oversight and administration of the Bank’s AML/ATF Program related to alert and investigations case management. The incumbent will be responsible for leading monitoring activities and investigating transactions, filing regulatory reports and ensuring AML/ATF policies and procedures are followed within the Bank.

"Be a part of our inclusive workplace where diverse perspectives drive innovation and excellence."

WHY JOIN US?

BECAUSE WE ARE PROUD TO BE One ofMontreal's Top Employers for 2025 for the fifth consecutive yearby the editors ofCanada's Top 100 Employers.

WE OFFER:

• Work-Life Balance: Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
• Wellness: Tailored well-being solutions available 24/7.
• Time Off: Minimum 15 paid vacations, 6 wellness days, with federal holidays.
• Community Support: Paid Volunteer Day to give back to your community.
• Retirement Planning: Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan
• Development: Access to Fairstone Academy for comprehensive training and skill development.
• Employee discounts: Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

WHAT WILL YOU WORK ON?

Advisory:

• Supporting the assessment of AML risks; the development of control measures to i) prevent and deter financial crime activities, ii) detection and monitoring of financial crime, iii) responding to financial crime incidents;
• Supporting the implementation of procedural and internal controls designed to ensure compliance with the Bank’s legislative and regulatory requirements associated to the Bank’s Anti-Money Laundering/Anti-Terrorist Financing Policy;
• Reporting to the Director, AML on material instances of non-compliance; and
• Promoting accountability and ownership for the AML/ATF program.

Operational:

• Managing the day-to-day activities associated to the Bank’s AML alert management program including leading a team of AML Analysts;
• Supervising and managing the timely completion of AML/ATF alert queues;
• Providing oversight and direct supervision of escalated cases for potential regulatory reporting;
• Supporting systems and associated rule sets including liaising with vendors and service providers as needed;
• Providing supervisory support, mentoring and training to AML Analysts;
• Maintaining team performance metrics, service level agreements and reporting associated to alerts and case investigations;
• Investigate alerts from the automated transaction monitoring system to identify potential instances of money-laundering or terrorist financing;
• Participating as a stakeholder in the Financial Crimes alert management group; and
• Generating metrics and analytics to support Board, Management and internal compliance reporting associated to alert management activities.

Training:

• Participating in AML training initiatives;
• Assisting where required on compliance related quality assurance reviews and other monitoring and testing program requirements; and
• Providing input into the Bank’s annual AML/ATF training.

Other:

• Maintaining documentation, records and reports for Internal Audit and Regulators and support regulatory examinations and reviews associated to the Bank’s AML program; and
• Other duties as required.

**This role is vacant**

WHO ARE WE LOOKING FOR

• Bachelor’s degree with at least 5 years of AML/ATF operational experience, preferably in the financial services industry.
• Fundamental knowledge of AML operations, standards, procedures, laws, rules and regulations.
• A sound understanding of banking financial services or experience with credit cards and consumer loan products would be an asset.
• ACAMS certification (preferred but not required).
• Exceptional analytical skills with keen attention to detail and proficient writing abilities.
• Advanced technical skills in Microsoft Office applications and advanced Excel skills is an asset.
• Extensive time management and organization skills with the ability to meet tight deadlines.
• Self-motivated and a demonstrated history of critical thinking and judgement.
• Ability to meet multiple deadlines in a timely manner while providing high-quality output.
• Ability to make decisions independently.
• Ability to work in an agile environment.
• Strong communication and interpersonal skills with the ability to foster and develop relationships with colleagues and other Bank departments.
• Meticulous attention to detail coupled with strong organizational and prioritization skills.
• Ability to interpret and operationalize regulatory requirements.

WE ARE PROUD TO BE: Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type:

Full time Job Type:Permanent