AML/ATF Compliance Manager

Why DUCA? 

At DUCA, we strive for excellence in everything we do. Our commitment to Do more, Be more, Achieve more is what sets us apart and drives our company culture. DUCA’s impact goes beyond our financial solutions - we're dedicated to making a real difference in the lives of our members and in our community.

We believe our employees are our most valuable resource! We are committed to providing you with the tools, support, and challenge you need to develop your career and achieve a healthy work-life balance while contributing to our outstanding culture. DUCA offers a strong total compensation package including competitive salaries and bonuses, employer-paid benefits, banking perks, wellness days, and much more.

Apply today and see what DUCA can do for you! 

AML/ATF Compliance Manager

Job Purpose & Summary

The Anti Money Laundering / Anti Terrorist Financing (AML/ATF) Compliance Manager works effectively to lead the AML/ATF Program and team at DUCA. This position contributes to the building and execution of an effective bank-wide AML /ATF program and ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. 

The AML/ATF Compliance Manager is responsible for leading others in the completion of tasks and collaborating with multiple departments and third-party service providers, including but not limited to DUCA’s retail team and Member-facing employees, FINTRAC, External Auditors, and Navaera On-Demand. This position will have oversight and responsibility for all AML/ATF project outcomes.

This position requires someone who is deeply knowledgeable about industry standards and regulations, is detail-oriented, has strong written and verbal communication skills, and supports the Compliance Department in promoting and fostering a compliance culture at DUCA.

 Key Accountabilities & Duties

• Lead a high performing team while providing training, coaching, and all other aspects of people management and development.
• Oversee the team's production and results, seeking opportunities for improved efficiency and streamlined processes and conduct quality control review as necessary.
• Oversee AML/ATF transaction monitoring event adjudication, financial crime investigations (i.e., AML/ATF), Enhanced Due Diligence (EDD) and associated periodic high-risk reviews and FINTRAC regulatory reporting (i.e. LCTR, EFTR, STR, TPR, SOTR).
• Collaborate with Business Units and other areas such as Risk, Internal Audit, and IT to appropriately direct compliance issues to provide advice and direction to lines of business educating them on AML matters and ensure employees understand AML/ATF and regulatory compliance requirements.
• Build and maintain current, detailed knowledge of AML and Sanctions regulatory requirements and best practices and provide AML/ATF guidance and expertise across the organization.
• Ensure department operates in compliance with applicable internal and external requirements and standards.
• Lead internal and external reviews of the AML/ATF Compliance Program and execute AML/ATF compliance program strategy and activities.
• Conduct the review and amend existing compliance policies and procedures or create and implement new compliance policies and procedures as required.
• Share knowledge, information, skills and subject matter expertise with the team and ensure the timely communication of issues and encourage good working relationships with other functions and teams.
• Lead or contribute to cross functional or enterprise-wide initiatives as a subject matter expert by helping to identify risk and provide guidance.
• Respond to alleged violations of laws, rules, regulations, policies, and procedures with remediation action plans for the three lines of defence and oversee the ongoing monitoring and reporting of action plan progress. Monitor non-compliance and escalate any issues where non-compliance is not addressed.
• Identify, measure, monitor, and escalate compliance risks through the development of quantifiable risk assessments and oversight of consistent policies, procedures, and internal controls.
• Prepare responses to the findings identified in the reviews and examinations and drive remedial action to resolve gaps identified in audits and regulatory examinations, in keeping with three lines of defence.
• Provide reporting as required to senior leadership and clients.

 Occupational Experience & Education Requirements

• Bachelor’s Degree in applicable field such as Finance or Business.
• 5+ years people management experience and proven decision-making ability.
• 5+ years of prior progressive experience in a financial institution or similar role, including Anti-Money Laundering (AML) managerial experience.
• Experience with Navaera On-Demand considered an asset
• Experience with Celero/DNA (core banking system) considered an asset
• Credit union experience considered an asset.
• CAMS and/or CFCS certification considered an asset.

 Knowledge, Skills & Attributes

• Ability to lead projects, develop timelines, coordinate project teams and implement action items during the life of a project.
• Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships.
• Critical thinking with strong analytical, risk assessment, and research skills.
• Strong organization skills with very strong attention to detail.
• Strong oral and written communication skills.
• Ability to provide guidance, make decisions, and interact with all stakeholders with tact, strong judgment, discretion, and confidence.
• Collaborative and results-driven approach.
• Demonstrated ability to work efficiently and effectively to meet challenging, conflicting, and tight deadlines.
• Ability to build strong internal and external relationships.
• Ability to maintain discretion with confidential or sensitive information.
• Strong proficiency with all MS Office software and experience with information sharing technology.
• Demonstrated strategic leadership, team management, and people development experience.
• Demonstrated ability to manage multiple, competing tasks and priorities.
• High level of integrity, ethics, and professionalism with the demonstrated ability to ensure confidentiality and protection of Member data and other sensitive information.

Working Conditions

• This position works in a fast-paced office environment. Standard work week of 38 hours with additional time required to meet deadlines and project deliverables. Occasionally time may also be required to respond to urgent business needs outside of standard work hours.

• This role is eligible for hybrid work environment.

Department:  Compliance

Primary Location:  Corporate Office--5255 Yonge St, Toronto, ON

Employment Status:  Full-time

Hours per Week:  38

DUCA is committed to employment equity and encourages applications from all qualified candidates. Recruitment related accommodations will be provided upon request.

Qualified applicants are encouraged to submit their application. Applications must include a resume, cover letter optional.

We thank all applicants but only those considered for an interview will be contacted.