Director, AML Advisory

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 Senior Director, Capital Markets AML Advisory, you will be part of the EAML Advisory team supporting the execution of the AML program for assigned Lines of Business such as Correspondent Banking, Trade Finance and others as assigned. As the AML Officer, you will act as the steward of the AML program for the LoBs you support through your  commitment to enhancing AML/ATF oversight, by providing AML/ATF expertise to the Lines of Business on the ML/TF risk of their products, services, and delivery channels and providing primary oversight of compliance with AML/ATF regulatory requirements through the implementation of the AML Policy and associated Standards. Your effective communication skills with LoB leaders and employees, understanding of the business and AML/ATF Regulations and specific technical knowledge will contribute to your success.

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

• Regulatory oversight - Provide guidance and clarity on regulatory changes, communications and AML process changes that affect the Lines of Business you support through developing a strong understanding of the LOB by proactively investigating LOB practices. Provide independent, specialized expertise and advice to the LOB with respect to all potential AML risks and ensuring the LOB implements AML controls, processes and procedures consistent with the CIBCs AML regime while balancing a positive client experience. You’ll also be monitoring business changes in the LOB and  disseminating regulatory information and changes.

• Effective challenge – Responsible, as part of 2nd line, of the oversight accountability to provide effective challenge to business and operational partners on initiatives where warranted in situations where AML, ATF, Sanctions and reputational risks are not being effectively mitigated. 

• Effective leadership – Provide leadership and influence with partners to gain concurrence on changes or deficiencies requiring remediation to support a strong  AML program.

• Relationship management - Develop strong relationships with the LOB leaders & employees through regular meetings, presentations, and acting as the primary contact on AML issues related to the LOB.

• Stewardship – Demonstrate ownership of the AML program for the LOBs you will support and ensure effective execution.

Who you are

• You can demonstrate 5+ years’ experience working within AML governance, regulatory compliance, and deficiency management within the financial services industry.

• You are genuinely curious, comfortable and can demonstrate experience working through complex and evolving risk issues with business and control partners in the correspondent banking and trade finance segments, advising on AML risks, controls and regulatory expectations.  You are confident in providing clear, practical guidance, challenging constructively when needed and helping the business navigate risk scenarios in an evolving environment. It's an asset if you have experience in product/project management with a focus and knowledge of global traditional and alternative transaction payment and trade finance processes and mechanisms.

• It’s an asset if you have experience working on projects in the financial services industry for a minimum of 5 years. You have previous experience with acting as a project SME, ensuring AML deliverables are executed within the project scope and AML sponsored projects and initiatives are delivered within prescribed time frames. You thrive in projects environments and can coordinate, manage and influence diverse teams and stakeholders to deliver successful projects of different size and complexity.

• You have an undergraduate degree combined with extensive experience in disseminating regulatory information and being conversant with Line of Business obligations.

• You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.

• Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.

• You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.

• Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.

#L1-TA

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 Mailbox.careers-carrieres@cibc.com

• 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), Financial Transactions, Leadership, Operational Efficiency, People Management, Professional Presentation, Risk Management and Mitigation, Strategic Objectives