Manager, AML

What You'll Do!

• Monitor the Bank’s’ AML/ATF program to ensure compliance with all Legislative and Regulatory requirements.
• Provide support and guidance on adjudication of alerts generated as a result of transaction monitoring of PC Bank’s portfolio on effectiveness of review and relevant money-laundering/terrorism-financing indicators.
• Provide support and guidance on adjudication of alerts generated as a result of name-screening of PC Bank’s portfolio against PEPs, Sanctions and Negative News.
• Manage the escalation process which includes Quality Reviews of investigator notes, determination of suspicious activity and Reasonable Grounds to Suspect thresholds, recommendations to exit the relationship with the customer and other risk considerations.
• Develop and maintain internal Standard Operating Procedures and Job Aids related to operational activities of the AML Program.
• Develop and maintain a Performance Management Framework to manage quality, timeliness and effectiveness of investigators performing daily reviews of alerts and accounts.
• Manage the relationship with outsourced partners, including identifying opportunities for operational effectiveness, monitoring quality results, coordinating of audits and examinations and vendor risk assessments.
• Support the Regulatory Governance framework by periodically reviewing governing
  legislation and regulations and recommend processes, procedures and oversight
  tests are amended to mitigate risks as it pertains to AML FIU and operations.
• Keep the CAMLO and the AML team appraised of any issues, system delays, vendor
  concerns and non-compliance incidents as part of ongoing conversations.
• Participate in new product and technologies implementation initiatives and
  projects, as required.
• Directly manage the performance of the analysts within the AML FIU, including
  supporting of goal and target setting, quality monitoring, career development and
  learning and training opportunities.
• Collaborate with the AML team on various initiatives that may overlap throughout
  various projects and processes or when support is needed due to shifting priorities.
• Additional accountabilities as required.

What You Bring!

• Minimum undergraduate degree, preferably in Business, Commerce or equivalent.
• Five to seven years of AML/ATF experience at a Canadian Financial Institution.
• CAMS certified (preferred) or enrolled to be completed within 6 months.
• Must have a Canadian compliance (AML/ATF) background and have a working
  understanding of the PCMLTFR FINTRAC Guidelines.
• Must have experience in investigations, name-screening, high risk customer
  management and Enhanced Due Diligence processes in a Canadian Banking
  Institution.
• Must have experience in quality reviews of AML alerts/cases.
  An understanding of Financial Services is required, experience with credit cards
  would be an asset.
• Previous people-managing experience is required.
• Previous experience working with outsourced partners or vendor management is an
  asset.
• The ability to assist in interpreting legislation and changes in regulatory
  requirements and to assist business partners in understanding and applying the
  required changes.
• Strong communication and interpersonal skills with the ability to foster and develop
  relationships both internally and externally with regulatory stakeholders.
• A good team player who is also able to work independently in a fast-paced
  environment.
• PC skills including MS Office (Word, Excel, Access, PowerPoint) and internet
  navigation; experience with various name-screening/transaction monitoring/core
  banking systems is an asset.
• Motivation and willingness to learn new computer programs/applications as
  required.
• Strong organization skills.
• Ability to work independently with minimal supervision and ability to work in an agile
  environment, namely pivot and prioritize work in accordance with department
  priorities and risks.

What we offer [For full-time permanent roles] Competitive discretionary bonus Market leading RRSP match program Medical, dental, vision, life, and disability benefits Employee Share Purchase Plan 🏽 Maternity/Parental top-up while you care for your little one Generous vacation policy and personal days Virtual events to connect with your fellow colleagues Professional development and comprehensive Career Development program A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience The incumbent will be working hybrid and in office time will be spent working from EQ Bank’s additional office space located at 2200-25 Ontario Street, Toronto, ON.

Equity, Diversity & Inclusion

EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.

We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.

As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.


EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.

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