Seeing beyond numbers™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank. The position is based in Toronto or Montreal.

Reporting to the Chief Anti-Money Laundering Officer (CAMLO), the incumbent is responsible for delivering Anti-Money Laundering/Terrorist Financing (AMLTF) compliance leadership throughout the organization, by ensuring healthy governance regarding the implementation of the AMLTF Program. The incumbent is responsible for leading and overseeing the development of cohesive risk-based methodologies, structures, processes, and other key control elements through which the Bank manages and mitigates AMLTF Program compliance risk.

Key Responsibilities

• Leads and supervises the establishment of clear lines of responsibility and governance structures across the enterprise to manage AMLTF Program compliance risk.
• Develops and oversees related training requirements across the enterprise as a medium to educate stakeholders on expectations required from them; this includes assessing training needs based on AMLTF Program responsibilities across all lines of defence and the Board of Directors.
• Guides the identification of applicable regulatory requirements across jurisdictions in which the Bank operates (e.g. laws, rules, regulations and prescribed practices; also referred to as “AMLTF Program Universe”).
• Oversee and maintain the Regulatory Watch processes for the AMLTF Program.
• Develops and manages the AMLTF Framework policies applicable enterprise-wide, as well as related policies, standards, procedures, guidelines, job aids, and methodologies.
• Assists with the execution of the Enterprise Wide AMLTF Program Risk Assessment (EWRA) to identify, risk assess, communicate, effectively manage and mitigate AMLTF Program risk and maintain knowledge of applicable regulatory requirements; this includes change management procedures to ensure the information is updated to reflect new and changing regulatory requirements and changes to products, services, strategic plans and distribution channels.
• Assists the CAMLO by coordinating and maintaining oversight of liaisons with regulatory authorities.
• Assists the CAMLO with reporting to various levels of management and the Board to clearly communicate the regulatory risks and the adequacy of key controls to manage those risks; reporting should include a methodology to facilitate the aggregation of AMLTF Program risks;
• Ensures CAMLO office reports provide assurance that sufficient pertinent and verifiable information about the adequacy of, adherence to and effectiveness of the AMLTF Program is communicated on a timely basis to senior management and other individuals with AMLTF Program responsibilities.
• Ensures drafting of various regulatory compliance reports for management and regulatory authorities, including working with the Assistant AML Officers (ACAMLOs), AVP Regulatory Compliance Program on the quarterly consolidated Chief AML Officer and Chief Compliance Officer reports.
• Assists in the coordination and remediation of AMLTF Program deficiencies identified by regulators, second line of defence testing, Internal Audit and other examiners.
• Applies broad industry knowledge and business acumen to drive ongoing regulatory compliance and advocate for operational efficiencies and simplification.
• Oversees a team of AMLTF Lead Advisors to deliver advisory and monitoring support to the Assistant AML Officers (ACAMLO’s) and lines of businesses.
• Develop and oversee a compliance program for FATCA / CRS compliance.
• Assists the CAMLO in the development and execution of strategic priorities and AML Roadmap and acts as an integrator in prioritizing strategic initiatives.
• Directs the resolution of highly complex or unusual business problems applying advanced critical thinking.
• Develops and maintains effective and collaborative working relationships with the Regulatory Compliance teams, 1B ACAMLO teams, lines of business, Internal Audit, Legal Affairs, risk, corporate functions, senior management and stakeholders.
• Foster and maintain a positive team culture translating into strong Employee Engagement Scores; and
• Acts as Deputy Chief AML Officer including executing CAMLO duties as and when delegated by the CAMLO.

Qualifications

• University degree in an appropriate field and/or at least 10 years' experience, including 3 in a management role.

• Member of the Bar or legal experience or certification(s)/designation(s) preferred in related area (CPA, CA, MBA or equivalent) preferred.

• Experience in a compliance role, especially as regards the Proceeds of Crime (Money Laundering) and Terrorist Financing Act the Bank Act, Sanctions regulations, and Anti-bribery/ Anti-Corruption. Other experience with the Bank Act, the Personal Information Protection and Electronic Documents Act, the Consumer Protection Act also considered an asset.

• Strong preference will be given to candidates with experience within banking, financial institutions and regulatory compliance.

• Experience with regulatory bodies such as FINTRAC, OSFI, FCAC, IIROC and MFDA and insight regarding the regulatory environment and regulator expectations.

• Experience in preparing and drafting reports for senior management;

• Strong analytical and synthesis skills.

• Business-oriented collaborative leadership and stakeholder management skills.

• Excellent spoken and written communication skills.

• High level of critical and logical thinking, analysis, and/or reasoning to identify and aggregate underlying principles, reasons, or facts.

• Able to work well under pressure and meet set deadlines.

• Attention to detail in all areas of work.

• Excellent management skills and organizational and presentation skills.

• Bilingualism* (French and English) is required.

• Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

What Laurentian Bank has to offer you

The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees. Here are some of the key points of our offering:

• The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
• Total compensation: Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
• Work model: We prioritize a hybrid work model based on business needs.
• Stock purchase plan: Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
• Time off: In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
• Health and wellness: Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
• Group insurance and pension: We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
• Financial benefits: As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

Inclusion and Accessibility

At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

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