Manager AML Oversight and Reporting

161 Bay Street (93021), Canada, Toronto,Toronto, Ontario,
Manager AML Oversight and Reporting
About Capital One Canada.
For 30 years, we've been on a mission to change banking for good and build relationships by making credit accessible, simple, intuitive and rewarding. We want to help Canadians succeed with credit, because we believe in people - in our customers, in our associates, and in talent like you!
About the Team
The Canada AML team provides expert advice and effective challenges to the business on regulatory matters, oversees governance of financial crime through outsourcing arrangements and ensures that senior leadership and enterprise partners are kept apprised of AML risks and compliance matters.
About the Role
The Manager, AML Oversight is responsible for the independent oversight and monitoring of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) controls across the Canadian line of business. The incumbent will oversee the integrity of Suspicious Transaction Reporting (STR), the quality of high-risk customer reviews, and the adequacy of the broader AML control framework to ensure alignment with FINTRAC regulations, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and internal policies, procedures and standards.
Your Responsibilities:

• Create and maintain policies and procedures in support of oversight and governance of the Canada AML Program
• Design and implement a framework to ensure that business-level procedures and intent documents remain compliant with the Canada and Enterprise AML Policies and Canadian regulatory expectations
• Design and implement monitoring of processes and controls for all AML-related processes across 1LOD (Onboarding, KYC, record-keeping, record-retention, payments, data and systems)
• Perform reviews of Suspicious Transaction Reports prepared by the investigation teams (Transaction Monitoring Operations, Complex Investigations, Closure Reviews, EDD) and submit the final STRs to FINTRAC
• Design, implement and execute quality reviews for high risk processes for the Canada business (STR investigations, PEP/Sanctions/Negative News Screening, EDD, KYC)
• Oversee the end-to-end investigations process to ensure cases are prioritized appropriately and that investigative standards meet FINTRAC's reporting timelines and provide investigations advisory support to the Enterprise AML teams
• Evaluate the rules and scenarios within transaction monitoring systems periodically to ensure they are capturing relevant unusual activity and generating high-quality alerts
• Review and recommend de-escalations, closure cases and high risk account decisions for approval to the Canada CAMLO
• Lead thematic and trigger-based reviews of high-risk business processes and/or new product launches, to ensure specialized risks are mitigated
• Design, implement and execute oversight reports for Senior Management and relevant AML committees, highlighting trends in data quality, control failures, and residual risk levels
• Act as a key point of contact for Internal Audit and regulatory examiners regarding STR reporting, oversight findings and policies and procedures
• Partner with the 1LoD and Enterprise AML teams on matters related to regulatory reporting, oversight and governance

Basic Qualifications:

• 7+ years of experience in AML/ATF compliance, internal audit, or risk management in a regulated financial institution.
• Deep expertise of the PCMLTFA and its associated regulations, as well as FINTRAC guidance; expertise in filing STRs.
• Exceptional analytical skills with the ability to interpret complex data; strong written communication for executive-level reporting.

Preferred Qualifications:

• Education: University degree in Business, Law, Criminology, or a related field.
• Certification: CAMS (Certified Anti-Money Laundering Specialist) designation is preferred.

Working at Capital One.
Enjoy a hybrid work environment, with 3 days in the office. Build a comfortable workspace with our one-time, Work From Home allowance and enjoy our head office located conveniently across the street from Union Station.
Live well-physically, financially and emotionally. Receive support for you and those who are most important to you, with full coverage for spouses, domestic partners, and dependents. With up to $3000 in mental health coverage and up to $5000 in tuition subsidies per year-and much more-you'll discover that Capital One is committed to helping you live your best life.
We may use your information for automated decision making. We may, for certain purposes, render a decision based exclusively on automated processing of your personal information as a part of the candidate screening process.
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]
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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).