Join a Challenger
At EQB, we're remaking banking so every Canadian gets ahead, every day. Serving nearly 4 million Canadians from coast to coast, we offer a wide variety of financial services from banking and lending, to trust and credit union solutions.
We've been at this since 1970, challenging the conventions of traditional banking with smarter, faster, and more connected financial experiences.
What's kept us moving? The people behind it all: challengers who ask better questions, push back on old assumptions, and look for a better way forward.
If you're driven to help reshape how banking works for Canadians and the businesses that power our economy, this could be your next big opportunity.
We can’t wait to get to know you!
What You'll Do!
- Monitor the Bank’s’ AML/ATF program to ensure compliance with all Legislative and Regulatory requirements.
- Provide support and guidance on adjudication of alerts generated as a result of transaction monitoring of PC Bank’s portfolio on effectiveness of review and relevant money-laundering/terrorism-financing indicators.
- Provide support and guidance on adjudication of alerts generated as a result of name-screening of PC Bank’s portfolio against PEPs, Sanctions and Negative News.
- Manage the escalation process which includes Quality Reviews of investigator notes, determination of suspicious activity and Reasonable Grounds to Suspect thresholds, recommendations to exit the relationship with the customer and other risk considerations.
- Develop and maintain internal Standard Operating Procedures and Job Aids related to operational activities of the AML Program.
- Develop and maintain a Performance Management Framework to manage quality, timeliness and effectiveness of investigators performing daily reviews of alerts and accounts.
- Manage the relationship with outsourced partners, including identifying opportunities for operational effectiveness, monitoring quality results, coordinating of audits and examinations and vendor risk assessments.
- Support the Regulatory Governance framework by periodically reviewing governing
legislation and regulations and recommend processes, procedures and oversight
tests are amended to mitigate risks as it pertains to AML FIU and operations. - Keep the CAMLO and the AML team appraised of any issues, system delays, vendor
concerns and non-compliance incidents as part of ongoing conversations. - Participate in new product and technologies implementation initiatives and
projects, as required. - Directly manage the performance of the analysts within the AML FIU, including
supporting of goal and target setting, quality monitoring, career development and
learning and training opportunities. - Collaborate with the AML team on various initiatives that may overlap throughout
various projects and processes or when support is needed due to shifting priorities. - Additional accountabilities as required.
What You Bring!
- Minimum undergraduate degree, preferably in Business, Commerce or equivalent.
- Five to seven years of AML/ATF experience at a Canadian Financial Institution.
- CAMS certified (preferred) or enrolled to be completed within 6 months.
- Must have a Canadian compliance (AML/ATF) background and have a working
understanding of the PCMLTFR FINTRAC Guidelines. - Must have experience in investigations, name-screening, high risk customer
management and Enhanced Due Diligence processes in a Canadian Banking
Institution. - Must have experience in quality reviews of AML alerts/cases.
An understanding of Financial Services is required, experience with credit cards
would be an asset. - Previous people-managing experience is required.
- Previous experience working with outsourced partners or vendor management is an
asset. - The ability to assist in interpreting legislation and changes in regulatory
requirements and to assist business partners in understanding and applying the
required changes. - Strong communication and interpersonal skills with the ability to foster and develop
relationships both internally and externally with regulatory stakeholders. - A good team player who is also able to work independently in a fast-paced
environment. - PC skills including MS Office (Word, Excel, Access, PowerPoint) and internet
navigation; experience with various name-screening/transaction monitoring/core
banking systems is an asset. - Motivation and willingness to learn new computer programs/applications as
required. - Strong organization skills.
- Ability to work independently with minimal supervision and ability to work in an agile
environment, namely pivot and prioritize work in accordance with department
priorities and risks.
Equity, Diversity & Inclusion
EQ is committed to building an inclusive, accessible environment where every employee feels valued, respected, and supported. We believe our organization is stronger — and our people thrive — when we honour and celebrate diverse experiences, identities, and perspectives. We’re equally committed to supporting your growth, both professionally and personally.
We provide a barrier‑free recruitment process and work environment. If you require accommodations at any stage, we will work with you to ensure you can bring your best self to the process and beyond.
As part of our recruitment process, EQ uses AI to help screen, assess, and/or select applicants for this position. All AI-enabled outputs are reviewed and validated by our talent team. All candidates considered for hire must successfully complete a criminal background check and credit check. While we appreciate every application, an EQ recruiter will contact only those whose skills and experience most closely match the requirements of the role.
EQB Inc. (TSX: EQB) is the parent company of Equitable Bank, the country's seventh-largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™. EQB Inc. serves nearly 4 million Canadians and manages approximately $150 billion in combined assets under management and administration.
To learn more, visit eqb.investorroom.com and eqbank.ca.
Skills Required
- Undergraduate degree
- Undergraduate degree in Business or Commerce
- 5-7 years AML/ATF experience at a Canadian financial institution
- CAMS certification or enrolled to complete within 6 months
- Canadian AML/ATF compliance background and working understanding of PCMLTFR FINTRAC Guidelines
- Experience in investigations, name-screening, high-risk customer management, and Enhanced Due Diligence
- Experience performing quality reviews of AML alerts/cases
- Understanding of Financial Services
- Experience with credit card products
- Previous people-management experience
- Experience working with outsourced partners or vendor management
- Ability to interpret legislation and regulatory changes and advise business partners
- Strong communication and interpersonal skills
- Proficiency with MS Office (Word, Excel, Access, PowerPoint) and internet navigation
- Experience with name-screening, transaction monitoring, or core banking systems
- Motivation to learn new computer programs/applications
- Strong organization skills and ability to work independently in an agile environment
What We Do
MakeBank on everyday banking: Earn high interest on every dollar Say no to fees No minimum balances Powered by Equitable Bank, a Schedule I Canadian Bank EQB Inc. (formerly Equitable Group Inc.) trades on the Toronto Stock Exchange (TSX: EQB and EQB.PR.C), directly serves over 607,000 Canadians through its wholly owned subsidiary Equitable Bank, Canada's Challenger Bank™, and serves over 200 Canadian credit unions that serve over 6 million of their members with products and services. Equitable Bank has grown to become Canada's 7th largest independent Schedule I bank with over a $119 billion in assets under management and assets under administration, and a clear mandate to drive real change in Canadian banking to enrich people's lives. At Equitable Bank, we are as invested in our employees as we are in our business. That’s why we are consistently recognized as one of Canada's Top Employers – a rating that comes from our 1,800 employees. Equitable Bank’s inclusive, welcoming, and pride-inducing workplace earned it the honour of being recognized as one of the top 50 organizations on the 2023 list of Canada’s Best Workplaces™. Founded over 50 years ago, Equitable Bank provides diversified personal and commercial banking, and through its EQ Bank platform (eqbank.ca), which has been named #1 Bank in Canada for three consecutive years on the Forbes World's Best Banks list for 2021, 2022, and 2023. Equitable Bank website: www.equitablebank.ca EQ Bank website: www.eqbank.ca Specialties Lending, Mortgages, Residential Lending, Commercial Lending, Reverse mortgages, Insurance lending, Equipment leasing , Credit Union, Trust, and Funds Management
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