Senior Manager, Enhanced Due Diligence and High Risk Member Program

at  Coast Capital Savings

As a member-owned cooperative, we’re helping our members with their real goals and real challenges so they can live the real life they want. It’s what we’ve been doing for over 80 years, and it’s why today we stand almost 600,000 members strong. Plus, we invest 10% of our budgeted profits back into our community – almost $90 million since 2000 alone – because when our members do well, we believe our communities should do well too.
Senior Manager, Enhanced Due Diligence and High Risk Member Program
Jun 14, 2024
Location(s): Surrey, Vancouver and Toronto
Job Type: Full Time
myWork Options: In-person, Hybrid
Starting Salary Range: $106k to $144k

WHAT YOU’LL GET TO DO:

• Leads and develops the organization’s AML/ATF strategy as it relates to name screening of current and prospective members across the enterprise, demarketing of members when AML/ATF risks exceed the organization’s risk appetite, performing enhanced due diligence and managing Coast’s high-risk member program
• Continually and proactively assesses AML/ATF-related activities and the effectiveness of department-level procedures and makes recommendations for improvement to the CAMLO.
• Plays a leadership and advisory role in providing guidance, regulatory interpretation, training and other assistance on appropriate standards and business practices to support Coast in managing its FINTRAC reporting and AML/ATF activities.
• Ensures staff are trained on due diligence techniques and provides ongoing training to address gaps, new regulatory developments or enhancements as needed. Also ensures all departmental procedures and job aids are up to date and in line with regulatory requirements.
• Leads reporting to management and the Board on all aspects of the Enhanced Due Diligence, demarketing, name screening and high-risk program, including any statistics to reflect the current state of the AML/ATF program
• Proactively monitors and analyzes emerging and new AML/ATF legislation and related issues, developments, trends and risks to the organization and makes the necessary enhancements and recommendations to ensure a compliant AML/ATF program.
• Manages the categorization and monitoring of all PEPs and ensures a robust monitoring process is in place for high-risk members.
• Leads a team of analysts and establishes a two-way working relationship with direct report(s) to solicit their views on the working environment, potential changes affecting their work and continuous improvement opportunities
• Effectively builds and sustains a team capable of monitoring ML/TF risks across the enterprise, delivering and maintaining the performance required for the department, including coaching and, creating and implementing training and development plans.

WHAT YOU’LL GET TO DO:

• Bachelor’s Degree in Business or Law or related fields
• 7 - 9 years of experience or combination of Experience/Education: Subject matter expert in AML/ATF and sanctions with proven Canadian experience gained through work experience in the financial services industry, including experience in AML/ATF systems and controls. Managerial experience for a minimum of 5 years.
• Specialized Certification/Professional Designation: Professional certification from ACAMS and ACFCS or experience in AML/ATF and sanctions preferred.
• Proficient and relevant knowledge of Canadian AML/ATF and sanctions regulatory requirements, including industry engagement to keep abreast of trends and best practices;
• Subject matter expertise in Canadian AML/ATF legislation, related regulations and guidelines;
• Demonstrated strength in interpreting and applying legislation in policy and program design;
• Strong ability to develop policies, procedures and processes and working with stakeholders to support implementation and operationalization;
• Direct exposure in managing AML/ATF and sanctions regulatory compliance, risk management disciplines and best practices;
• Strong analytical and problem-solving skills, including leading the resolution of any identified gaps and audit issues;
• Ability to identify emerging risks, conceptualize their impact, and initiate appropriate action to manage them.