Compliance Advisor Manager, Anti-Money Laundering (AML)

About the position

The Compliance Advisor Manager for Anti-Money Laundering (AML) plays a crucial role in risk management as part of the second line of defense within the organization. This position is responsible for ensuring that the business lines effectively implement AML strategies that comply with all applicable anti-money laundering laws and regulations. The Advisory Manager will work closely with various business lines to deliver AML requirements and monitor compliance with regulatory standards. This role is pivotal in establishing a robust risk control environment and addressing regulatory and compliance requirements effectively. In collaboration with the AML Advisory team, the Advisory Manager is tasked with delivering high-quality results and providing compliance advice as an AML subject matter expert. This includes executing or participating in corporate risk management processes and implementing initiatives aimed at continuously improving the soundness of AML practices across the business lines. The Advisory Manager will also be responsible for planning, coordinating, and facilitating the implementation of the company's compliance processes, procedures, and systems that support the global Anti-Money Laundering Compliance Management Program (CMP). The role requires advising internal management and business partners on the implementation and operation of AML compliance programs, ensuring that compliance requirements are applicable to the company's products, services, and internal processes. The Advisory Manager will develop and maintain documentation of AML compliance activities, conduct periodic internal reviews or audits, and file appropriate compliance reports with regulatory agencies. Additionally, the position involves designing and implementing improvements in communication, monitoring, and enforcement of compliance standards, as well as identifying compliance issues that require follow-up or investigation. The Advisory Manager will consult with legal counsel and other specialists as necessary to address technical and legal AML compliance issues, and will serve as a knowledge source and liaison among stakeholders on AML analysis and compliance issues.

Responsibilities

• Plan, coordinate, and facilitate the implementation of the company's compliance processes, procedures, and systems developed to support the global Anti-Money Laundering Compliance Management Program (CMP).
• Advise internal management and business partners on the implementation and operation of AML compliance programs, as well as the applicability of compliance requirements to the company's products and services and internal processes, and developing AML compliance controls and monitoring.
• Develop and maintain documentation of AML compliance activities, conduct periodic internal reviews or audits to ensure that compliance procedures are followed, and file appropriate compliance reports with regulatory agencies.
• Design and implement improvements in communication, monitoring, and enforcement of compliance standards.
• Identify compliance issues that require follow-up or investigation and discuss emerging compliance issues with stakeholders.
• Consult with legal counsel, accounting specialists, and government relations specialists as necessary to address technical and legal AML compliance issues.
• Direct the documentation, implementation, and dissemination of the company's AML compliance policies and procedures and serve as a knowledge source and liaison among stakeholders on AML analysis and compliance issues.
• Serve as AML subject matter expert to assist in monitoring company's compliance systems to ensure their effectiveness.
• Prepare management reports regarding compliance operations and progress.

Requirements

• Bachelor's degree or military experience
• At least 3 years of Anti-Money Laundering (AML) Compliance experience
• At least 3 years of experience in Compliance, Legal, or Audit

Nice-to-haves

• 6+ years in AML Compliance experience
• 2+ years of Compliance Advisory Experience
• Certified Regulatory Compliance Manager (CRCM) Certification
• Association of Certified Anti-Money Laundering Specialist (ACAMS) certification
• Certified Information Privacy Professional (CIPP) certification
• Experience with Canadian AML regulations

Benefits

• Comprehensive health benefits
• Financial benefits including performance-based incentives
• Inclusive workplace environment
• Support for total well-being