CIBC is building a relationship-oriented bank for the modern world and needs to ensure adherence to US AML and Sanctions policies, standards, and procedures in accordance with regulatory requirements.
Requirements
- Minimum 1-3 years of investigative audit, testing, quality assurance or investigative or or related experience with emphasis on BSA/AML and Sanctions
- Experience with a BSA/AML transaction monitoring system(s)required
- Experience with watchlist screening system(s) required
- Intermediate or better Excel and Word skills – pivot table and chart usage, sorting and filtering, incorporating data validation
- Knowledge of applicable regulations and industry knowledge of emerging risks
Responsibilities
- Perform QA review of AML operations activities, including but not limited to: transaction monitoring (e.g., alert and case investigations, suspicious activity report filings), periodic reviews, and Sanctions alert decisions and documentation for accuracy and completeness and to confirm adherence to procedures and ensure documentation and retention standards are addressed
- Identify and communicate opportunities for enhancement in process or control, as well as team member performance, based on QA activities
- Prepare reports effectively communicating QA review findings, promptly escalating significant deficiencies to management
- Complete ongoing testing of operational activities and reporting to confirm adherence to US AML and Sanctions policies, standards and procedures, in accordance with regulatory requirements
- Prepare reports summarizing QA conclusions and opportunities for enhancement
- Execute the US AML and Sanctions QA procedures
- Interact regularly with members of US AML and Global Sanctions, as well as with members of Enterprise AML Quality Assurance
Other
- The role interacts regularly with peers with US AML and Sanctions for the purpose of executing quality assurance activities for US AML and sanctions.
- As an employee of CIBC, the incumbent must comply
- As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
- Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.
- You will have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.
