AML & Sanctions Director - Business Line Risk Management

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The Business Line Risk Management (BLRM) – AML & Sanctions Director supports four US Strategic Business Unit (SBU) lines of business, including Commercial Banking, Commercial Real Estate, Private, Personal and Digital Banking and Private Wealth Management, by providing subject matter expertise on Anti-Money Laundering (AML) compliance, supporting risk assessments, and recommending controls to mitigate AML/Anti-Terrorist Financing (ATF) and sanctions risks.  The Director serves as a liaison between the lines of business and the US AML and Global Sanctions department, ensuring alignment with the broader AML/ATF and Sanctions risk management framework. 

What you'll be doing

As a member of the Office of the Chief Administrative Officer (CAO), Governance & Controls, the BLRM AML & Sanctions Director will partner with stakeholders to actively manage risks and support alignment with the Bank’s Anti-Money Laundering (AML) and Sanctions Policies, Standards and Risk Appetite.

At CIBC, we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement will be discussed at the time of your interview. 

How you'll succeed

• Monitor and promote compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC) regulations, and other applicable laws.

• Collaborate with US AML, Global Sanctions and business teams to identify and assess money laundering and sanctions risks. 

• Identify red flags related to products and client segments; incorporate red flags into business procedures and provide product-specific training to frontline team members to enable timely identification and escalation of unusual activity.

• Develop and monitor risk metrics to help inform key risk and performance indicators for the lines of business. ​ Leverage data to support qualitative assessments of risk through the Risk and Control Self-Assessment (RCSA) process.

• Prepare and present AML/ATF and sanctions related reports to management.

• Draft and maintain centralized AML/ATF and sanctions business procedures for common and core processes.  Socialize changes with stakeholders, periodically assess alignment to enterprise and regional Policies and Standards, and provide training to applicable stakeholders to promote awareness and adherence.

• Establish working relationships and collaborate with stakeholders across the lines of business to operationalize regulatory change.

• Assess AML and sanctions risks related to change initiatives to inform design and deployment of commensurate controls.

• Participate in regulatory examinations and internal reviews and support business