Financial Crimes Manager & CAMLO

at  General Bank of Canada

General Bank of Canada (GBC), headquartered in Edmonton, Alberta, is a Schedule 1 Chartered bank and part of the Wheaton Group. Our roots trace back to the entrepreneurial spirit of our founder in the mid-1950s, who began with a single auto dealership in Saskatchewan. Evolving into one of Canada’s fastest-growing small banks, GBC expanded into helping Canadians with their automotive, aviation, and commercial financing needs.
After years of success, we aim to harness the advantages of our small, nimble structure and work to redefine banking in a digital era. As we strive to build a bank for the future, we take pride in our continuous certification as a Great Place to Work in Alberta for five consecutive years. We love it here and know you will too!

THE OPPORTUNITY

General Bank of Canada is looking for a permanent, fulltime Financial Crimes Manager & CAMLO to join the organization as a key contributor with the Bank’s Risk team. Consistent with the growth trajectory of the Bank, this is an excellent opportunity for the right individual to contribute to building the bank of the future with considerable potential for learning, growth, and advancement.
As the Financial Crimes Manager & CAMLO, you will play a pivotal role in enhancing the Banks, Risk and Compliance (R&C) framework. As our Anti-Money Laundering (AML) and Fraud Risk expert, you will be responsible for evaluating and enhancing our existing AML program, drive automation initiatives, support in the development of a robust fraud program, and ensure strict adherence with our regulators. This role will act as a key contributor in maintaining a culture of compliance and risk management across the organization.

Financial Crime Program

• Develop, implement, and optimize the Bank’s AML/ATF framework, policies, procedures, and controls.
• Perform risk assessments to identify and mitigate exposure to money laundering and terrorist financing.
• Serve as the Bank’s CAMLO; retain expertise on the latest regulations and typologies.
• Partner with Business Units to enhance customer due diligence and screening measures.
• Oversee suspicious activity monitoring and reporting.
• Respond to law enforcement requests; facilitate information sharing.

Fraud Risk Management

• Develop and oversee the Bank’s anti-fraud strategy and loss prevention program.
• Collaborate with the Business Unit to implement controls to prevent, detect, and respond to internal and external fraud.
• Utilize data analytics, technology, and staff training to identify fraud risk exposure.
• Investigate suspicious incidents through root cause and trend analysis.
• Minimize fraud losses through prompt containment and remediation.

Regulatory Compliance & Reporting

• Maintain effective policies, procedures, controls, and testing to comply with The Proceeds of Crime (Money Laundering) and Terrorist Financing Act and regulations.
• Prepare reports for the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
• Respond to FINTRAC inquiries; implement enhancements based on feedback.

Provide support to the Bank’s Risk & Compliance team with additional tasks as needed.