Job Description

We\xe2\x80\x99re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what\xe2\x80\x99s 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

What you\xe2\x80\x99ll be doing

As part of Enterprise Anti-Money Laundering (EAML) group, the Senior Director, AML Business Effectiveness, oversees the end-to-end design, implementation, and ongoing sustainment of the Transaction Monitoring and screening strategies and programs applicable to lines of business in Canada, based on the risk and typologies defined by EAML. As the Senior Director, AML Business Effectiveness, you will be responsible for the effectiveness of the methods to monitor client transactions and screen clients and transactions against various watchlists (i.e., Sanctions and Politically Exposed Persons (PEPs). You will be a key member of the EAML Leadership team and active contributor to EAML\xe2\x80\x99s overall vision and strategy, the Senior Director will ensure CIBC effectively mitigates the ML/TF/Sanctions risks, regularly connects with Senior Director, VP and SVP level peers in the delivering of this mandate to shape the Transaction Monitoring and Screening strategies. You will lead the business for how clients and transactions will be monitored and screened, and ensure appropriate reporting on ongoing effectiveness to senior management. The Senior Director is accountable for providing leadership, direction and coaching to the AML Business Effectiveness team and the broader Enterprise AML team.

At CIBC we enable the work environment most optimal for you to thrive in your role. You\xe2\x80\x99ll have the flexibility to manage your work activities within a hybrid work arrangement where you\xe2\x80\x99ll spend 1-3 days per week on-site, while other days will be remote.

How you\xe2\x80\x99ll succeed

Provide AML, ATF, and Screening Guidance \xe2\x80\x93 Provide subject matter expertise on strategies for Money Laundering/Terrorist Financing transaction monitoring and screening of clients and transactions against watchlists. Stay abreast of emerging risks in the ML/Terrorist Financing/Sanctions industry risks, particularly as it relates to CIBCs portfolio composition and clients. Liaise with industry professionals, associations, and regulators to establish best practices for AML/ATF/Sanctions strategies across lines of business.

Develop Strategic Direction \xe2\x80\x93 Develop the strategic direction for the AML transaction monitoring and screening methods and systems, including rules development, model ownership, analytics, and rules effectiveness. Oversee the development, implementation and maintenance of all AML transaction monitoring and screening strategies to mitigate ML/TF/Sanctions risks in conjunction with the broader AML group. Responsible for the overall effectiveness and efficiency of the AML transaction monitoring and screening systems, continuously improving the bank\xe2\x80\x99s ability to monitor ML/TF/Sanctions risks in alignment with regulatory requirements.

Lead Technological Improvements Initiatives \xe2\x80\x93 Investigate, develop and implement leading-edge analytical tools, and technologies to improve the AML transaction monitoring and screening systems. Lead research and investigation into new analytical tools and techniques to improve ML/TF/Sanctions risk monitoring and/or reporting frameworks. Oversee the analysis of internal and external information/reports to identify trends, issues, and AML best practices to quantify impacts to CIBC, and recommend strategies to mitigate any emerging risks.

People Leadership \xe2\x80\x93 Provide leadership and effective management of business unit staff to influence employee commitment to the organization, to the team, and to their job.

Relationship Management \xe2\x80\x93 Build and maintain strong relationships with key internal and external partners. Act as a lead representative for all initiatives and AML regulatory discussions as it relates to the AML transaction monitoring and screening rules and systems. Builds a network of relationships with peer banks, government agencies, and industry experts to perform benchmarking analysis. Participates with and/or represent EAML in discussions and regulatory and audit meetings.

Who you are

You can demonstrate experience. 10+ years\xe2\x80\x99 experience interpreting and implementing regulatory regimes, related to AML and/or ATF. Experience providing advisory on compliance and risk management solutions for Capital Markets AML transaction monitoring, FINTRAC reporting, and name screening. You have 5+ years of people leadership experience managing large teams.

You can demonstrate knowledge. Of AML/ATF laws, regulations and industry practices in Canada including regulatory reporting to FINTRAC, name screening, and AML transaction monitoring of Retail, Commercial, Wealth, Capital Markets and correspondent banking businesses, products, services, and their related ML/TF risks.

You have a degree. In business, law or accounting and/or a related field.

You\'re digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends. You possess comprehensive knowledge of the latest AML tools, technologies and techniques for transaction monitoring, name screening and regulatory reporting.

You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.

You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what\'s possible. You possess proven ability to lead activities to improve the bank\xe2\x80\x99s ability to monitor transactions and screen names through different methods including above the line and below the line tuning.

Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.

Values matter to you. You bring your real self to work and you live our values \xe2\x80\x93 trust, teamwork and accountability.

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 aspire to give you a career, rather than just a paycheck.

We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, 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.

We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

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, please contact

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.

Job Location Toronto-81 Bay, 29th Floor

Employment Type Regular

Weekly Hours 37.5

Skills Anti-Money Laundering (AML), Coaching, Continual Improvement Process, Financial Transactions, Leadership, Operational Efficiency, People Management, Risk Management and Mitigation, Strategic Objectives, Transaction Monitoring

CIBC