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, AML Advisory, the Senior Consultant in AML Advisory will be an integral member of the EAML Advisory team, responsible for overseeing the Anti-Money Laundering (AML) program for Capital Markets and other designated Business Units (BUs)/Lines of Business.
In this role, you will provide support to the assigned Anti-Money Laundering officers and serve as the steward of the AML program for the Business Units under your purview. Your commitment to enhancing AML/Anti-Terrorist Financing (ATF) oversight will be demonstrated through your provision of AML/ATF expertise and guidance to the Lines of Business regarding the money laundering and terrorist financing (ML/TF) risks associated with their products, services, and delivery channels.
Additionally, you will play a key role in overseeing compliance with AML/ATF regulatory requirements and managing ML/TF risks by implementing the stipulations outlined in the AML Policy and related Standards. Your strong communication skills with leaders and employees of all levels, coupled with your understanding of both the business environment and AML/ATF regulations, will be vital to your success in this position.
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 1-3 days per week on-site, while other days will be remote.
How you'll succeed
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Regulatory oversight – You will offer guidance and clarity on regulatory changes, communications, and AML process modifications that impact the Business Units you support. This will be achieved by developing a comprehensive understanding of the BU through proactive reviews of their practices. You will provide independent, specialized expertise and advice regarding potential money laundering risks, ensuring that the BU implements AML controls, processes, and procedures that align with CIBC’s AML framework while maintaining a positive client experience. Additionally, you will monitor changes within the BU and disseminate relevant regulatory information and updates.
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Project delivery – You will analyze and either support or lead the AML/ATF risk and control assessments, as well as the implementation of initiatives for the Business Units (BUs) and other assigned projects. Your responsibilities will include liaising with the business and internal stakeholders to coordinate assessments, consolidate requirements, and ensure that all necessary mitigations are in place prior to project launch.
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Relationship management – Develop strong relationships with the BU leaders & employees through regular meetings, presentations and interactions. You will participate actively in the management of the relationship by building and leading presentations, performing risk assessment and quality assurance activities and promoting the AML program and risk culture. You will also act as the primary point of contact for day-to-day AML support for the BU.
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Stewardship – As the second line of defense, you will serve as a steward of the AML program, collaborating closely with the business and other control groups. Your role will involve providing insights into money laundering and terrorist financing risks, as well as offering guidance and independent, effective challenges to risk and control activities, including deficiency management.
Who you are
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You are curious, fast learner and want to be part of the initiatives that are shaping the future of CIBC. You are genuinely interested in cutting edge initiatives and thrive in the fast paced, dynamic environment of Capital Markets, which may include digitalization, technology and innovative opportunities.
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You have 5 years of AML experience in the financial services industry, preferably in an advisory function, providing specialist advice and counsel on complex AML/ATF matters to business functions to ensure AML/ATF requirements are fully met. It is an asset if you have ACAMS certification or similar.
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You can demonstrate experience in 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 deliverables are executed within the project scope and prescribed timeframes. You like unravelling complex problems with multiple parts and enjoy seeing great ideas coming to life and are able to effectively engage stakeholders.
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You possess strong organization, administration and presentation skills. You are detailed oriented and have experience in constructing presentations for an executive audience.
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You have an undergraduate degree combined with extensive experience in disseminating regulatory information and being conversant with Line of Business obligations.
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It is a strong asset if you have Capital Markets and Correspondent Banking experience. It is an asset if you have previous experience with controls and quality assurance monitoring/testing, and deficiency management activities.
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You act like an owner. You thrive when you are empowered to take the lead, go above and beyond, and deliver results. You are a self-starter and autonomous and are able to navigate around and through ambiguity when necessary. You are not afraid of having difficult conversations when need be to protect the bank.
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You are organized and able to manage multiple long-cycle initiatives at the same time while performing the business as usual oversight activities.
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You are bold and authentic. You're passionate about finding a way to enable projects that are often new to the bank and develop partnership both within EAML and with multiple business stakeholders. You are also always looking to improve and find improvement opportunities in processes.
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Values matter to you. You bring your real self to work and you live our values – trust, teamwork, and accountability.
#LI-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.
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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.
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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.
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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
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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 [email protected]
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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.
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We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). 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
Analytical Thinking, Anti-Money Laundering (AML), Business Units, Capital Markets, Financial Transactions, Operational Efficiency, Proactive Monitoring, Risk Management and Mitigation, Strategic Business Units, Taking Initiative
