Director, AML Sanctions – Centre of Excellence


We're on a mission to build the relationship-focused bank of the future and we're looking for the passionate collaborators, innovators, advisors, and leaders who can get us there. Our distinct culture is built on a shared commitment to do what's right for our clients, our people, and our communities, and we strive for excellence in everything we do. Because life at CIBC is not only what you do, but how you do it .
To learn more about CIBC, please visit CIBC.com
What You'll Be Doing
As Director, Sanctions Centre of Excellence, you will be reporting to and supporting the Senior Director, EAML Sanctions in managing a team of three people to dispense advise to ensure CIBC and its lines of businesses, comply with Canadian and applicable international Sanctions Regulations. The role includes tracking projects and initiatives and provide subject matter expertise to lines of business and Technology and other infrastructure groups on deploying projects where sanctions screening processes are involved. They would be responsible for tracking and updating internal and stakeholder procedures, regulatory reporting, executive reporting and co-ordination of examinations are also essential to this role. The Director is accountable for ensuring that policies, practices, procedures and guidelines are developed to ensure CIBC complies with sanctions requirements, and to assist lines of business and strategic business units in developing and implementing applicable policies, practices, procedures and guidelines to facilitate a consistent approach in complying with sanctions requirements, and to protect CIBC from undue risk, civil and criminal liability associated with sanctions contraventions.
How You'll Succeed
  • Research and analysis - you will exercise initiative and good judgement when performing research and preparing recommendations, with exceptional attention to detail and accuracy to deliver quality material in a timely manner. Researches and reports upon industry best practices relating to sanctions. Actively monitor regulatory developments related to sanctions in all jurisdictions where CIBC operates. Maintain reference materials used internally by the sanctions team at head office and applicable regions.

  • Change management - you will possess strong change management skills to assist with the identification of change to sanctions systems or processes, assess the impact, and collaborate with impacted stakeholders for a seamless implementation.
  • Time management - you will manage competing priorities effectively and efficiently while consistently delivering results and value-adds to your peers and business partners. Manages and directs reports to provide support on Projects involving sanctions screening, including the tracking of timelines and deliverables, liaising with Technology and other teams, develop reporting and metrics for Senior Director and senior management.
  • Risk management focus - you will proactively identify risks and mitigating strategies as well as contributing the continuous effort to strengthen the department's internal controls and governance processes. Contributes to the preparation of responses to regulatory and Internal Audit examinations of AML/ATF in relation to sanctions; assist with the development and implementation of appropriate corrective action where deficiencies relate to sanctions.
  • Stakeholder management - you will possess strong relationship building skills to collaborate with various internal and external stakeholders facilitating shared success for each project. Contributes sanctions information to the content of reports regarding sanctions for ultimate delivery to the Governance and Control Committee, the Senior Executive Team and the Board of Directors.

Who You Are
  • You can demonstrate experience in: Interpreting sanctions, anti-money laundering laws, or other regulatory requirements into operationalized procedures. You assist project managers by contributing subject matter expertise, and help ensure successful project delivery, by translating regulatory requirements into technical and operational requirements.
  • You have strong knowledge of: Project Management requirements, as well as Tableau, SAS or other reporting tools. Model Validation and/or Quality Assurance experience is also expected. It's an asset if you have strong technical skills, for example, can use software development code.
  • You have a degree/diploma in Computer Science, Engineering, Law, and/or a related field of study. It's an asset if you have your ACAMS, ACFCS or PMP Designation.
  • You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
  • You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
  • Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
  • Values matter to you. You bring your real self to work and you live our values - trust, teamwork and accountability.

What CIBC Offers
At CIBC, our people are our greatest asset. You'll become part of a diverse community that acknowledges everyone's unique talents, and empowers teams to do what's right for the client, and to do it well. As part of our team, you will:
  • Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home
  • Connect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity
  • Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training
  • Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, and employee share purchase plan

What You Need to Know
  • CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation during the application or interview process, please contact Mailbox.careers-carrieres@cibc.com
  • You need to be legally eligible to work in Canada at the location(s) specified above and, where applicable, must have a valid work or study permit
  • May be required to work outside normal business hours in order to service the business needs or meet deadlines.

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