Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com.
What we offer:
Work-life flexibility
Hybrid work environment
Variable annual incentive plan
Generous annual vacation allotment
Top-notch flexible benefits plan including family building and gender affirmation
Retirement Plan, matched contributions at 6%
Access to a learning platform and educational assistance support
Access to a virtual wellness platform
Career development opportunities
Wellness Flex Fund to support personal interest and activities
Day off to volunteer in your community and other paid time off options
Corporate discounts
*subject to employment agreement
Job Summary:
What you'll be doing:
- Lead and oversee the day-to-day work of AML/ATF investigators and analysts, ensuring high-quality service delivery and operational effectiveness.
- Stay current on AML/ATF regulations, legislation, and industry best practices, and ensure team activities align with evolving requirements.
- Manage the delivery of AML/ATF outsourcing services for clients, including transaction monitoring, suspicious transaction reporting, enhanced due diligence (EDD), risk assessments, compliance reporting, and advisory support.
- Assess the impact of new or amended regulations and implement updates to policies, procedures, and controls as needed.
- Conduct compliance reviews, internal controls testing, and periodic audits to identify risks, recommend improvements, and implement corrective actions.
- Support and lead AML/ATF initiatives for internal and external clients, including the development of policies, procedures, risk assessments, training, awareness materials, and advisory services.
- Develop and enhance operational processes, standards, and best practices to improve efficiency, consistency, and client outcomes.
- Mentor, coach, and develop team members, strengthening AML/ATF knowledge, skills, and professional growth.
- Foster a collaborative, high-performing team environment built on trust, accountability, open communication, and continuous improvement.
- Lead change management initiatives and champion process improvements that enhance operational effectiveness and results.
What you'll have:
- 7+ years of experience in AML/ATF and/or sanctions, with leadership experience managing teams and driving operational performance considered an asset.
- University degree in criminology, law, economics, business administration, or a related field.
- Strong analytical and problem-solving skills, with the ability to identify AML/ATF and sanctions risks through data analysis and investigation.
- Deep understanding of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related regulations.
- Knowledge of AML best practices for managing high-risk clients, transactions, industries, geographies, and correspondent banking relationships.
- Experience with regulatory reporting requirements and compliance obligations.
- Previous consulting or client-facing experience, with a strong customer service mindset.
- Proven ability to develop AML/ATF deliverables, including policies and procedures, risk assessments, governance documents, and risk management reports.
- Strong communication skills, with the ability to translate complex regulatory requirements into practical business guidance.
- CAMS certification (or similar designation), or a commitment to obtain one within the first year.
- Excellent collaboration, planning, organization, change management, and stakeholder management skills.
- Exceptional attention to detail, accuracy, and quality of work.
- Strong time management skills, with the ability to prioritize competing demands and consistently meet deadlines.
Salary range: $90,000-$105,000
The salary represents the job rate determined for the successful candidate who is fully competent in the role. The actual salary will vary depending on market conditions and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training.
Central 1 does not use Artificial Intelligence (AI) technology to screen, assess, or select applicants during our recruitment process. This job posting is for an existing, specific vacancy within our organization. All applications will be considered exclusively for the position described in this posting.
Central 1 is an equal opportunity employer and committed to building an inclusive workforce by creating an environment where everyone feels like they belong and has the opportunity to be successful. We welcome all applicants to join our diverse workforce and we will provide an accessible candidate experience including, but not limited to accommodations to interview sites and alternate formats upon request to our Recruitment team.
Central 1 Mississauga, Ontario, CAN Office
2810 Matheson Blvd. E., , Mississauga, ON , Canada, L4W4X7
Central 1 Toronto, Ontario, CAN Office
908-120 Adelaide Street West, Toronto, Canada, M5H 1T1
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