Manager, AML Risk

Application Deadline:

10/31/2024

Address:

100 King Street West

Job Family Group:

Audit, Risk & Compliance

The Manager, AML Risk is accountable for the development and enhancements of the Risk framework and control guidance for higher risk customer types, representing Enterprise AML as the RSA (Risk Support Area) and coordinating with Operational Non-Financial Risk (ONFR) and Global Third Party Risk Management (GTPRM). This includes reviewing and approving all Corporate SEMS requests (vendor relationships) for AML risk being introduced to the organization. The Manager is also accountable for coordinating with ONFR and GTPRM partners to develop and maintain appropriate AML Risk oversight controls, as well as providing effective challenge. The Manager will also be accountable for the coordination and execution of the customer risk methodology framework and customer risk typologies.

Key Accountabilities:

• Acts as a trusted advisor.
• Guides/assists in the identification and classification of issues; recommends action plans.
• Influences and negotiates to achieve business objectives.
• Recommends and implements solutions based on analysis of issues and implications for the business.
• Assists in the development of strategic plans.
• Identifies emerging issues and trends to inform decision-making.
• Researches existing or emerging requirements & related best practices to assist and develops recommendations for changes/enhancements.
• Assists with the interpretation of new or changing regulations and assessing impacts to the governance frameworks.
• Helps determine business priorities and best sequence for execution of business/group strategy.
• Conducts independent analysis and assessment to resolve strategic issues.
• Leads the development and maintenance of the governance system and framework.
• Supports development and execution of strategic initiatives in collaboration with internal and external stakeholders.
• Ensures alignment between stakeholders.
• Coordinates the management of databases; ensures alignment and integration of data in adherence with data governance standards.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads in defining the communication plan designed to positively influence or change behaviour; develops tailored messaging; and identifies appropriate distribution channels.
• Leads and integrates the monitoring, measurement & reporting on the status of the AML risk program to internal & external stakeholders.
• Leads the management of meetings and maintenance of governing body mandates, oversight and approval guidelines.
• Provides input into the planning and implementation of ongoing operational programs in support of the AML risk framework.
• Leads/participates in the design, implementation and management of core business/group processes.
• Identifies potential risk situations/ impacts and make recommendations.
• Develops and maintains in-depth knowledge of business and related risk management requirements and legislative/ regulatory directives and guidance.
• Builds effective relationships with internal/external stakeholders e.g. business stakeholders and Risk Support Areas (RSAs) in providing ‘second line of defense’ AML risk management support.
• Manages, queries and manipulates data sets to provide support for AML risk analysis and/or data visualization.
• Analyzes data and information to provide insights and recommendations; includes identification of AML risk impacts for new processes and workflows related to initiatives.
• Provides specialized consulting, analytical and technical support.
• Exercises judgment to identify, diagnose, and solve problems within given rules.

Knowledge and Skills:

• Works independently and regularly handles non-routine situations.
• 5 - 7 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• In-depth knowledge of data extraction, manipulation and design of data solutions to drive business or risk management solutions.
• In-depth knowledge of financial crime risk management practices.
• In-depth knowledge of regulatory requirements.
• In-depth knowledge & experience with risk policy frameworks.
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data