Vice President & Chief Anti-Money Laundering Officer (CAMLO)

Job Description

Join a Challenger Being a traditional bank just isn’t our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians. How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you’re passionate about redefining the future of banking—while having fun—this could be your next big opportunity. Our company continues to grow, and today we serve more than 800,000 customers across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $142 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform ( eqbank.ca ) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. The Work 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.

Required Skills