Join a Challenger
Being a traditional bank just isn’t our thing, so we challenge ourselves to get
creative in providing innovative banking solutions for Canadians.
How do we get there? With a talented team of inquisitive and agile challengers
that break through the status quo. So, if you’re passionate about redefining the
future of banking—while having fun—this could be your next big opportunity.
Our company continues to grow, and today we serve more than 670,000 people
across Canada through Equitable Bank, Canada's Challenger Bank™, and have been
around for more than 50 years. Equitable Bank's wholly-owned subsidiary,
Concentra Bank, supports credit unions across Canada that serve more than six
million members. Together we have over $125 billion in combined assets under
management and administration, with a clear mandate to drive change in Canadian
banking to enrich people's lives. Our customers have named our EQ Bank digital
platform (eqbank.ca [https://www.eqbank.ca/]) one of the top banks in Canada on
the Forbes World's Best Banks list since 2021.
The Work
Reporting to the VP, Chief Anti Money Laundering Officer (“CAMLO”), the Senior
Director, AML Transformation will play a critical role in leading, designing,
and implementing strategic initiatives aimed at enhancing and evolving the
bank’s Anti-Money Laundering (“AML”) framework.
The Senior Director, AML Transformation will be responsible for developing and
leading the AML risk culture and technology transformation strategy. You will
collaborate with key stakeholders across the bank to drive compliance with AML
regulations, optimize processes, integrate new technologies, and ensure the
bank’s operations are agile, future-focused, and aligned with leading industry
practices.
The successful candidate will have deep expertise in AML, regulatory
requirements, and transformation initiatives across business and technology
within the financial services industry, coupled with a proven track record for
managing large-scale projects and change management efforts.
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AML Strategy & Transformation Leadership:
- Lead and manage the transformation of the AML function and strategies,
ensuring alignment with evolving regulatory requirements and emerging
financial crime threats.
- Develop and execute transformation roadmaps that drive efficiency, improve
controls, and reduce risks across AML processes.
- Collaborate with senior leadership and key stakeholders to define AML
strategy, priorities, and goals, including enhancing governance structures.
- Oversee and represent AML Compliance in strategic initiatives impacting AML
compliance.
- Manage large, complex strategic programs with significant impact on business
or product viability.
- Review, design, and execute improvements to internal processes and compliance
program requirements, including transaction monitoring rule development and
interpretation.
- Prepare budgets and financial reports, and report on the health and overall
program efforts with sound metrics and analytics.
- Facilitate Steering Committee and/or Executive Committee level program team
status meetings.
- Manage relationships with third-party vendors and coordinate independent
testing requests for information/documentation.
- Monitor activities to minimize the company's exposure to risk and ensure
adherence to company and legal standards.
- Demonstrates the ability to apply practical solutions to complex problems,
ensuring efficient and effective outcomes.
Project Management & Stakeholder Collaboration:
- Lead cross-functional teams through large-scale AML transformation
initiatives, including system implementations, process redesigns, and
technology integrations.
- Manage project timelines, budgets, and resources to ensure delivery of key
transformation milestones.
- Build and maintain strong relationships with internal stakeholders, including
Legal, Compliance, IT, and Business Units, to facilitate smooth
transformation efforts and ensure alignment across the organization.
Technology & Innovation Integration:
- Drive the adoption of new AML technologies, such as transaction monitoring,
artificial intelligence, and machine learning, to enhance detection
capabilities and optimize compliance processes.
- Work closely with IT and technology teams to ensure AML systems and tools are
effectively integrated, updated, and maintained.
Change Management:
- Develop and oversee change management plans and strategies related to AML
transformation efforts
Reporting & Performance Measurement:
- Develop and maintain key performance indicators (KPIs) and reporting
frameworks to monitor and measure the effectiveness of the AML program and
transformation efforts.
- Provide senior management with regular updates on the status of
transformation initiatives, risks, and emerging trends.
Let's Talk About You!
- Minimum of 10+ years of advanced experience in AML with proven success in
leading cross functional teams (including project teams) with internal and
external resources —preferably within financial services or other regulated
industries.
- Comprehensive knowledge of core financial/banking processes and AML
operations.
- Knowledge and experience with driving technology and process change in
organizations.
- Proven leadership skills, with the ability to inspire and build consensus
among diverse teams, maintain integrity, and establish positive relationships
with both internal and external partners.
- Demonstrated success in driving organizational and cultural transformation
initiatives, fostering high engagement levels, and supporting effective
employee development and retention.
- Exceptional written and oral communication skills, with the ability to create
compelling presentations and influence stakeholders at all levels.
- Completion of CAMs designation.
- Proven project management and change management skills.
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What we offer [For full-time permanent roles]
?? Competitive discretionary bonus
? Market leading RRSP match program
?? Medical, dental, vision, life, and disability benefits
?? Employee Share Purchase Plan
???? Maternity/Parental top-up while you care for your little one
?? Generous vacation policy and personal days
?? Virtual events to connect with your fellow colleagues
?? Annual professional development allowance and a comprehensive Career
Development program
?? A fulfilling opportunity to join one of the top FinTechs and help create a
new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working
from Equitable Bank’s additional office space located at 2200-25 Ontario Street,
Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger
and our employees thrive when we honour and celebrate everyone’s diverse
experiences and perspectives. In tandem with that commitment, we support and
encourage our staff to grow not just in their career path, but personally as
well.
We commit to providing a barrier-free recruitment process and work environment
for all applicants. Please let us know of any accommodations needed so that you
can bring your best self to the application process and beyond. All candidates
considered for hire must successfully pass a criminal background check and
credit check to qualify for hire. While we appreciate your interest in applying,
an Equitable recruiter will only contact leading candidates whose skills and
qualifications closely match the requirements of the position.
We can’t wait to get to know you!
