Vice President – Chief Anti-Money Laundering Officer

Role Overview

• The Chief Anti-Money Laundering Officer (CAMLO) is responsible for developing, implementing, and overseeing EQB’s enterprise-wide Anti-Money Laundering, Anti-Terrorist Financing, and Sanctions compliance program.
• The CAMLO’s purpose is to protect the bank and its subsidiaries from being used for illicit activities – such as money laundering, terrorist financing, or sanctions evasion – by ensuring full compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated regulations, as well as all guidance from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
• In the context of EQB’s fintech-forward and digital banking operations, the CAMLO establishes controls that enable customer convenience and innovation while vigilantly guarding against financial crime.
• The ultimate mandate of this role is to maintain the integrity of the bank’s operations and the broader financial system by effectively managing ML/TF risk and satisfying regulatory expectations, thereby safeguarding EQB’s reputation and regulatory standing.

Requirements

• Bachelor’s degree in Finance, Law, Criminology, Business or a related field.
• An advanced degree or specialized training in financial crime is an asset. Professional certification is strongly preferred, such as Certified Anti-Money Laundering Specialist (CAMS) or similar credentials (e.g., CFCS – Certified Financial Crime Specialist).
• Minimum 8–10 years of dedicated experience in anti-money laundering, anti-financial crime, or regulatory compliance within financial services. This should include several years in a leadership or designated CAMLO role where the individual has managed an institution’s AML/ATF program.
• Experience working in a federally regulated financial institution (bank or trust company) in Canada is highly desirable, especially with direct exposure to FINTRAC examinations or OSFI compliance reviews.
• In-depth knowledge of Canada’s AML laws and regulations, primarily the PCMLTFA and its regulations, and FINTRAC guidelines.
• Must be well-versed in the obligations around customer identification (KYC), record-keeping, reporting thresholds, and the various report types (STRs, LCTRs/EFTRs, etc.) and sanctions lists.
• Understanding of related regulatory expectations from OSFI (e.g., expectations under the Regulatory Compliance Management framework and OSFI’s AML assessment criteria) is important.
• The individual should also be knowledgeable about global AML/CFT standards (FATF recommendations, Wolfsberg principles) and keep informed about international sanctions regimes (UN sanctions, US OFAC, etc.) that could impact the bank.
• Strong analytical abilities with keen attention to detail. The role involves sifting through large volumes of data and complex transaction patterns, so the CAMLO must be adept at identifying red flags and making connections that are not immediately obvious.
• Experience in conducting or overseeing financial investigations is critical – this includes skills in forensic analysis, understanding of typologies, and the ability to guide investigators on when and how to dig deeper.
• Being comfortable with data analytics tools or even basic SQL or Excel analysis.
• Ability to manage and develop a team of AML analysts, investigators, and compliance testers.
• Should be able to set clear objectives and motivate the team, especially during peak workloads (such as a major project or regulatory exam).
• Strong communication skills are essential – the CAMLO must communicate effectively with a variety of stakeholders: explaining complex financial crime risks to senior executives and the Board in a concise way, training front-line staff on their AML responsibilities in an accessible manner, and maintaining clear communications with regulators or law enforcement.
• The ability to write high-quality policies, reports, and investigative narratives is also important.
• High level of professional integrity and sound judgment. The CAMLO is entrusted with making sensitive decisions.
• Must be able to make unbiased decisions, sometimes with incomplete information, in the best interest of the bank’s safety and compliance.
• Should exemplify ethical conduct, as this role often serves as a moral compass in ensuring the bank does not wittingly or unwittingly facilitate illicit activity.
• Must also ensure confidentiality of investigations and protect sensitive information, sharing details strictly on a need-to-know basis.
• Flexibility and creativity in tackling new challenges.
• The CAMLO should be someone who embraces continuous learning and can pivot strategies as needed.

Tech Stack

• SQL

Benefits

💰 Competitive discretionary bonus ✨ Market leading RRSP match program 🩺  Medical, dental, vision, life, and disability benefits 📝  Employee Share Purchase Plan 👶🏽 Maternity/Parental top-up while you care for your little one 🏝 Generous vacation policy and personal days  🖥  Virtual events to connect with your fellow colleagues 🎓  Professional development and comprehensive Career Development program 💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience