About the role

Aplyr's Quick Take

This role is about leading the bank's efforts to prevent money laundering and terrorist financing. You'll develop and oversee compliance programs, ensuring the bank meets regulatory standards while balancing innovation in digital banking. It's a senior leadership position focused on risk management and compliance.

Good fit

Ideal candidates have extensive experience in anti-money laundering and compliance, likely with a background in financial services or law enforcement. Strong leadership skills and a proactive approach to risk management are essential.

Worth noting

The role emphasizes a fintech-forward approach, which may appeal to those interested in innovative banking solutions. However, the high level of responsibility comes with significant pressure to maintain compliance and protect the bank's reputation.

Join a Challenger

Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform (eqbank.ca) one of the top banks in Canada on the Forbes World's Best Banks list since 2021.

The Work

The Chief Anti-Money Laundering Officer (CAMLO) is responsible for developing, implementing, and overseeing EQB’s enterprise-wide Anti-Money Laundering, Anti-Terrorist Financing, and Sanctions compliance program. The CAMLO’s purpose is to protect the bank and its subsidiaries from being used for illicit activities – such as money laundering, terrorist financing, or sanctions evasion – by ensuring full compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated regulations, as well as all guidance from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

In the context of EQB’s fintech-forward and digital banking operations, the CAMLO establishes controls that enable customer convenience and innovation while vigilantly guarding against financial crime. The ultimate mandate of this role is to maintain the integrity of the bank’s operations and the broader financial system by effectively managing ML/TF risk and satisfying regulatory expectations, thereby safeguarding EQB’s reputation and regulatory standing.

Skills & Tags

Aplyr's read

EQ Bank is a forward-thinking Canadian financial institution known for competitive rates and a strong focus on customer service, attracting diverse roles from tech to finance.
Synthesized from recent postings & public sources

What's promising

•EQ Bank offers competitive rates, appealing to cost-conscious customers.
•The company emphasizes customer service, enhancing client satisfaction.
•Diverse recent hires indicate growth and varied career opportunities.

What to watch

•Highly competitive banking sector may pressure profit margins.
•Rapid growth could strain existing resources and infrastructure.
•Regulatory changes in finance pose potential compliance challenges.

Why EQ Bank

•EQ Bank is known for its digital-first approach in banking.
•The bank's commitment to bilingual customer service sets it apart.
•Focus on technology roles suggests a strong emphasis on digital innovation.

Aplyr’s read is generated by AI from public sources. Was it useful?

About EQ Bank

EQ Bank

equitablebank.ca

View company

Concentra Bank is a Canadian financial institution that offers a range of banking products and services, including savings accounts, mortgages, and investment options, focusing on providing competitive rates and customer service.