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
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
Job Description
Anti-Money Laundering (AML) Investigations Officer will be responsible for reviewing and decisioning complex transaction monitoring alerts designed to detect potential money laundering, terrorist financing, and drug trafficking activities in compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and related laws and regulations. The Officer will monitor and analyze customer account activity, evaluate industry and client risks, and recommend suspicious activity report (SAR) filing.
Responsibilities:
- Evaluating and documenting the effectiveness of alert thresholds.
- Perform periodic coverage assessment of the Bank’s monitoring rules.
- Perform reviews and investigations related to alerts generated from the PRIME alerts system.
- Identifies and analyzes high-risk customers and other identified accounts for unusual and suspicious activity.
- Provides accurate documentation of the suspicious activity and recommends appropriate actions.
- Prepares Suspicious Activity Reports (SARs) and follows appropriate review, documentation and follow-up steps as outlined in Bank’s BSA/AML Program. Maintains confidentiality of reports and documentation as required by law.
- Reviews legal requests and conducts account reviews from a BSA/AML/USA Patriot Act perspective.
- Provides prompt escalation of BSA findings to appropriate management.
- Communicates internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts.
- Assist in maintaining and testing the data inputs used by the transaction monitoring system as well as evaluating the effectiveness of alerts
Qualifications:
- Minimum 3-4 years of investigative or related experience with emphasis on BSA/AML.
- Undergraduate college degree or equivalent job experience in banking, preferred.
- Intermediate Excel and Word skills – pivot table and chart usage, sorting and filtering, incorporating data validation
- Experience reviewing and analyzing client transaction activity preferred
- Ability to independently analyze, research, and problem solve.
- Strong writing skills.
- Experience with a BSA/AML transaction monitoring system required.
- Knowledge of applicable regulations and industry knowledge of emerging risks.
- Hybrid work schedule available
- Full time remote not considered at this time
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
- Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controls.
- At all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goals.
- Understanding and following the qualitative and quantitative components of our Risk Appetite Statements.
- Completing all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakings.
- Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controls.
- Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholders.
- Escalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution.
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
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.
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 contactMailbox.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.
Job Location
IL-70 W Madison St, 8th Fl
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Microsoft Applications, People Management, Researching, Suspicious Activity Reporting (SAR), Writing
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