Manager, AML Advisory

161 Bay Street (93021), Canada, Toronto,Toronto, Ontario,
Manager, AML Advisory
Our Capital One Team.
Yes, we're a credit card company. But we're more than that too. We're driven by what our customers want, and how to make their lives simpler.
We're always looking for creative ways to offer digital solutions that make sense for our customers. With your help, we'll build the next generation of banking in Canada based on customer-focused values, compelling products and great engineering.
Working with us
How do we do things at Capital One Canada? We listen - to our people, and to our customers. We change with the times and have adopted a flexible hybrid model. Associates working in the hybrid model are expected to come into the office 3 days a week across Tuesdays and Thursdays, reserving Mondays and Fridays as company-wide virtual days. As was true before the pandemic, expectations of being in the office will be balanced with personal life flexibility.We recognize that everyone has a unique working pattern so we're open to discussing flexible working arrangements that will best accommodate you.
At Capital One we're committed to diversity, inclusion and belonging. We strive to build a culture where diverse perspectives are valued, innovative ideas are encouraged and inclusive behaviours are embedded in everything we do to positively impact associates. Strive to build a culture where diverse perspectives are valued, innovative ideas are encouraged and to help challenge the status quo and create the best outcomes for everyone.
We're focused on helping associates live well-physically, financially and emotionally. When you join us, we support you and those who are most important to you, offering full coverage for spouses, domestic partners, and dependents. We've designed our benefits program to be flexible, comprehensive and consistent across our organization. From health and fitness center discounts, to training and professional development programs-and much more-you'll discover that Capital One is committed to helping you live your best life.
Capital One Canada is an equal opportunity employer committed to fostering a diverse and inclusive work environment. We consider all qualified applicants and will meet the needs of those requiring reasonable accommodations.
A Day In The life of A Manager, AML
The Manager, AML (Anti Money Laundering) Advisory performs a key risk management
role (second line of defense) and supports the Canada Chief Anti-Money Laundering Officer in the implementation of a sound and effective AML Program and ensures that Capital One Canada complies with applicable laws and regulations. The Manager, AML Advisory, in a Individual Contributor capacity, has the opportunity to demonstrate ownership of the AML Program framework, influence change across the enterprise and drive results by:

• Providing guidance on policies, standards, and procedures;
• Providing guidance on first line/business and other enterprise areas;
• Partnering with first line/business and other enterprise areas to ensure AML requirements are appropriate and are adhered to;
• Maintaining an AML Advisory Program document repository;
• Partnering with enterprise AML and Risk functions to ensure adequate oversight of the Canada AML Program.

Responsibilities:

• Support the day-to-day operations of the Canada AML Advisory team by providing sound advice on AML regulations, recommend risk-based approach to solutions and issue remediation efforts;
• Maintain Canada AML Advisory Program documentation (policies, procedures, job aids) on a regular cadence;
• Support the business with risk-based and sound advice when implementing new, or amending existing, regulatory requirements and best practices;
• Maintain a strong understanding of processes, systems and tools that have AML components or impact AML compliance;
• Provide gap assessment and mitigation recommendations on an ongoing basis;
• Monitor the AML industry for trends and provide assessments and recommendations on identified risks
• Maintain an understanding of the Compliance Risk Management Framework and applicable laws and regulations and socialize AML risks and issues with internal compliance, risk and legal teams for visibility, awareness and alignment;
• Review inquiries from lines of business and provide guidance on remediation; escalate and facilitate with the CAMLO and other relevant parties;
• Prepare various reports for Canadian and Enterprise stakeholders and communicate AML risks, issues and changes in a regulatory landscape in a clear, consistent and timely manner;
• Perform enterprise- and Canada-driven risk and compliance assessments (process-level assessments, product assessment, new initiative and technology change assessments) to ensure AML risks and compliance requirements are appropriately assessed, documented and addressed;
• Support Audit, Regulatory, and other reviews by gathering relevant information and documentation;
• Review business line training materials with AML compliance-related content for accuracy and completeness;
• Provide effective challenge and guidance on AML compliance risks and support business line through various interactions and forums

Qualifications:

• Bachelor's degree or 5 years of experience in AML FIU, AML Risk or AML Advisory;
• Certified Anti-Money Laundering Specialist (CAMS);
• 5+ years of experience in AML in a Canadian federally regulated financial institution
• Knowledge of the laws applicable to money laundering, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and supporting Regulations, FINTRAC AML guidelines, and Suspicious Transactions Reporting requirements
• Strong written and verbal communication and interpersonal skills
• Sound understanding of industry trends and emerging risks

Capital One Canada is an equal opportunity employer committed to fostering a diverse and inclusive work environment. We consider all qualified applicants and will meet the needs of those requiring reasonable accommodations.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at [email protected] . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to [email protected]
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).