Job Description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
What You'll Be Doing
The Portfolio Risk Management (PRM) team within Global Transaction Banking (GTB) is responsible for the first line AML Program for Correspondent Banking and Corporate Banking clients and includes a Transaction Monitoring team and a Due Diligence team.
Within PRM, the first-line Transaction Monitoring team is responsible for conducting ongoing review of transactions to ensure alignment with the overall client Due Diligence/Know-Your-Client portfolio, assess key trends, identify and determine need for requesting additional information and/or submitting unusual transaction reports. The Transaction Monitoring group performs monthly, annual, and ad hoc risk assessments of payment activity that form part of the KYC client profile. Together with the Due Diligence team, the Transaction Monitoring team partners closely with internal stakeholders including GTB Relationship Managers, the GTB Network Team, Global Money Operations, Payment Teams, and Enterprise Anti-Money Laundering (EAML) to ensure best AML practices are followed.
As a subject matter expert, you have a strong understanding of AML, KYC, Transaction Monitoring, Payments and other AML regulatory matters with the ability to apply regulatory concepts in the day-to-day job functions. In joining the GTB Portfolio Risk Management team, you will have the opportunity to contribute to the continued evolution of the Transaction Monitoring team and the successful execution of CIBC's Enterprise AML framework as it relates to GTB's correspondent banking clients.At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you'll be on-site full-time.
How You'll SucceedAML Administration - Oversee the administration of the Anti-Money Laundering (AML) Program for Correspondent Banking to ensure compliance with all Bank Policies, Standards, and Procedures, while also adhering to the Global Transaction Banking (GTB) standard operating procedures and specific desktop procedures for ongoing payment monitoring, ensuring alignment with the Risk Appetite Statement. Assist the Transaction Monitoring (TM) team in implementing policy and procedure updates, as well as new initiatives as needed. Risk and Compliance - Lead the team in preparing for compliance calls, with a specific focus on downstream payments, high-risk industries, and adherence to the Risk Appetite Statement. Transaction Oversight - Participate in the oversight of the ongoing review and assessment of transaction activity related to Correspondent Banking clients across various jurisdictions. Continue to support the team in maintaining high-quality transaction monitoring records, ensuring that findings are documented in detail and that trends and changes in overall transaction activity are clearly communicated. Assist the team with the issuance of Requests for Information (RFIs) and/or Unusual Transaction Reports (UTRs) as necessary. Regulatory - Monitor regulatory and legal developments, emerging compliance issues, and industry trends. Stay informed about AML rules and regulations, compliance examination techniques, and best practices to mitigate AML/Terrorist Financing (TF) risks. Client Experience - Support management in enhancing collaboration between the transaction monitoring and due diligence teams, aiming for continuous improvement in client experience, risk mitigation, and ongoing enhancements to the periodic reviews for GTB's Correspondent Banking clients. Process Optimization - Analyze departmental processes to identify opportunities for increased efficiency and potential risk exposures. Strategy - Perform additional duties and responsibilities as assigned, including support for ad-hoc analyses and activities that contribute to tactical and strategic business objectives.


Who You AreYou have an undergraduate degree in a relevant field. You can demonstrate a minimum of 7 years of experience in Anti-Money Laundering (AML). You possess a strong understanding of AML regulations, Payments, Correspondent Banking, as well as OSFI and FINTRAC guidelines. You possess a strong knowledge of SWIFT payments and message types. You demonstrate strong critical thinking and problem-solving skills with a solid understanding of risk assessment and judgment. You have experience in investigative techniques, research, and analysis of transactional activity and client behavior to identify unusual trends or AML risks. You take ownership of your work with the ability to gather, analyze, organize, document, and present large volumes of information in a clear and structured manner. You exhibit excellent written and verbal communication skills. You have strong organizational, planning, and time management skills, with the ability to multitask and meet deadlines. You put our clients first and can provide a high level of customer service and can effectively collaborate with both external clients and internal stakeholders. You are a team player with excellent interpersonal skills. You are a certified professional holding ACAMS or other AML-related credentials (such as ACFCS). Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability.


#LI-TA
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit, wellbeing support and additional offers such as employee and family assistance programs and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
Subject to program terms and conditions

What you need to knowCIBC 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, please contact Mailbox.careers-carrieres@cibc.com You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Expected End Date
2026-04-03
Job Location
Toronto-161 Bay St., 7th
Employment Type
Temporary (Fixed Term)
Weekly Hours
37.5
Skills
Analytical Thinking, Business Banking, Business Development, Business Solutions, Credit Analysis, Customer Experience (CX), Financial Markets Analysis