AML/atf Governance Manager

Scope of Position

The AML/ATF Governance Manager performs a key risk management role and supports the CAMLO in the development and implementation of a sound and effective AML/ATF/sanctions Program and ensures that Alterna complies with applicable laws and regulations. The AML/ATF Governance Manager will be an individual contributor but will have the responsibility to support the Anti-Money Laundering/Anti-Terrorist Financing (AML/ATF) Program framework, influence change across the organization and drive results.

Major Responsibilities

The AML/ATF Governance Manager is responsible for the overall governance aspects of the AML/ATF program, in particular:

• Develop and lead on change management for policies, standards and procedures;
• Maintain the policy and procedure library and ensure updated on regular cadence or ad hoc as required;
• Support the business with sound advice when implementing new or amended regulatory requirements, legislation or guidance;
• Maintain an expert understanding of AML/ATF processes, systems and tools;
• Maintain clear understanding of main AML/ATF platform and optimize same for maximum efficiency and effectiveness;
• Source and work with vendors to support/enhance program;
• Review transaction monitoring rules and tune as required;
• Develop, provide and track training to the AML/ATF team as well as the first line;
• Oversee and track key processes to ensure completed in timely fashion;
• Provide input to management and board reporting;
• Review any FINTRAC policy interpretations and implement any changes as required including training staff and updating any procedures or systems;
• Lead on any gap assessment and mitigation recommendations on an ongoing basis;
• Maintain a deep understanding of AML/ATF laws and regulations and socialize AML/ATF/sanctions risks with compliance, risk, legal and first line;
• Maintain an expert understanding of AML/ATF/sanctions typologies and emerging risks and socialize and make recommendations as required;
• Own the review and update of the inherent risk assessment;
• Review and develop AML/ATF training materials for accuracy and completeness;
• Complete AML/ATF/sanctions risk assessments for new business initiatives, technology developments etc.;
• Lead periodic departmental meetings and provide on-going coaching and mentoring;
• Act as a subject matter expert in anti-money laundering/ anti-terrorist financing for the organization;
• Lead in the creation of new processes and their implementation, following regulatory changes and/or identification of efficiency opportunities;
• Promote a team work environment that strives for continuous improvement;
• Coordinate with retail operations and product to create additional training tools to assist the branches;
• First and second line control testing and quality assessment of team lead quality control;
• Review all departmental tasks on a regular basis, and identify any process improvements;
• Identify and bring forward to Banking Support enhancements to banking system enhancement options, outlining the department requirements;
• Help to facilitate the preparation of periodic audits by regulators and internal audit;
• Represent the department on special projects and organizational initiatives to ensure that aspects related to AML/ATF are considered and all requirements met;
• Complete user testing for any banking system releases, ensuring all processes are functioning accurately and identify any potential issues and evaluate risk of implementation;
• Engage with industry associations and other AML/ATF associations.
• Additional accountabilities as required.

Expectations / Outcomes

• AML/ATF program is operating effectively and efficiency
• AML Platform is optimizing financial intelligence
• Policies/procedures/inherent risk assessments are kept up to date and are designed effectively
• Accurate and timely implementation of any new regulations, guidance etc.
• Sound AML/ATF risk awareness and practices are adopted and maintained by all areas of the organization
• An environment of teamwork and continuous improvement is fostered and encouraged
• Compliance team is supported with advice, training, updated processes, and information

Qualifications

1. Educations / Certifications / Experience

• Post-secondary education in a related field (business, banking, criminology, law, economics).
• Minimum of 5 years of experience in the retail banking industry
• Minimum of 7 years of direct program leadership experience in AML/ATF
• Successful completion of the Certified Anti-money Laundering Specialist exam (CAMS) or equivalent designation.
• Knowledge or completion of audit related courses/certifications an asset
• Knowledge or completion of risk management related courses/certifications an asset
• 5 years interpreting legislation (legal) related to AML/ATF

Knowledge / Skills

• Expert Knowledge of the Proceeds of Crime (Anti-Money Laundering) Terrorist Financing Act, and general knowledge of the Caisses Populaires and Credit Unions Act, Bank Act, and Privacy Act
• Expert knowledge in AML/ATF systems, processes, typologies, and risks
• Expert understanding of industry trends and emerging risks
• In-depth knowledge of Alterna Savings/Alterna Bank products and services;
• In-depth knowledge of Alterna's banking system;
• The ability to lead in interpreting legislation and changes in regulatory requirements and to assist business partners in understanding and applying the required changes;
• Proven ability to develop, review and recommend overall objectives, policies, and procedures for both Alterna Bank and Alterna Savings
• Knowledge of risk management practices and monitoring of related controls.
• The ability to maximize the efficiency and effectiveness of AML program.
• Proficiency in Excel/MS Word required

Competencies

• Excellent written and verbal communication skills that enable effective interaction with senior management, employees, business representatives and government officials;
• Superior leadership, analytical and problem-solving skills;
• Proven ability to evaluate alternatives and make decisions;
• Ability to lead change and engage staff to accept and embrace change;
• Demonstrates very strong tact and discretion when privy to confidential information;
• Strong organizational skills;
• Excellent attention to detail and accuracy;
• Demonstrated commitment to continuous learning;
• Excellent people skill;
• Ability to influence cross-functionally.

Working at Alterna

We are incredibly proud of our corporate culture of Integrity, Respect and Collaboration, where everyone works together towards a common goal; the financial wellbeing of our employees, members and customers. This commitment has earned us several prestigious employer awards, including the National Capital Region's Top Employers award for eight years running.

* Although we appreciate all applicants, preference will be given to candidates who most closely meet the qualifications, key skills, and competencies outlined above.

* Alterna is compliant with the Ontarians with Disabilities Act. If you have a disability, please contact our Recruitment Team and let us know how we can accommodate you.