Position: AML Team Lead Location: Markham (Hybrid) Salary: $80,000 to $90,000 based on experience Job Type: Permanent Our client, a leader in the banking industry is seeking an AML Team Lead to join their team in Markham! In this role, you will play a pivotal part in ensuring compliance with AML/ATF regulations by conducting detailed investigations, monitoring transactions, advising on risk management, and driving process improvements to safeguard the organization against financial crimes. Responsibilities: - Lead Enhanced Due Diligence (EDD) by conducting in-depth reviews for higher-risk clients, ensuring compliance with AML protocols. - Analyze and investigate alerts to assess potential money laundering activities and unusual transactions, taking appropriate action. - Conduct compliance testing by evaluating branches, departments, and business units for adherence to AML procedures. - Monitor AML and SWIFT reports to identify suspicious or sanctioned activities and escalate them as needed. - Report findings by ensuring accurate and timely reporting of unusual transactions to the Chief Anti-Money Laundering Officer (CAMLO). - Provide strategic guidance to management on AML/ATF risks, particularly related to correspondent banking. - Deliver reporting by preparing comprehensive weekly, bi-weekly, monthly, and quarterly AML/ATF reports. - Strengthen processes by identifying procedural weaknesses and recommending targeted training to mitigate risks. - Develop procedures by drafting policies, procedures, and quality assurance documents to support compliance efforts. - Take on special projects and contribute to ad-hoc assignments and initiatives as directed by the CAMLO. - Train and support teams by providing guidance and training to internal teams and business units to enhance AML knowledge. - Stay informed on evolving AML/ATF regulations, typologies, and industry trends. Qualifications: - Bachelors degree in Finance, Business, Accounting, or a related discipline. - At least 5 years of experience in an AML-focused role, with 2+ years in a leadership or management position within AML. - Strong understanding of AML/ATF laws, regulations, and industry standards. - CAMS certification (preferred). - Experience coming from personal or retail banking preferred. - Analytical problem-solving skills with great attention to detail. - Ability to identify patterns and develop actionable solutions. - Proficiency in Microsoft Office (Word, Excel, Outlook). - Excellent written and verbal communication skills, including concise reporting. - Confidence in decision-making, strong relationship-building abilities, and adaptability in fast-paced environments. Please send your resume in Word format to Christina Cerra at REFER A PERM HIRE AND EARN UP TO $1,000! For more details, click here . OUR VIRTUAL DOORS ARE OPEN! Were also bringing the interviews to you by various web applications, virtually! Contact us today for your next opportunity.
Job Title
AML Team Lead