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AVP, IT Solutions Lead AML

AVP, IT Solutions Lead AML

Laurentian BankMontreal, Quebec, Canada
7 days ago
Job type
  • Full-time
Job description

Seeing beyond numbers ™

At Laurentian Bank, we believe we can change banking for the better. Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, we have over 2,800 employees working together as One Team, to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.

This role sits within Laurentian Bank.

The IT Solutions Lead AML is responsible for technical solutions related AML business requirements and ongoing support of AML related technical applications / systems. This leader will ensure the technical solutions implemented supports the bank’s compliance with regulatory requirements including, translating complex business needs into effective, scalable, and innovative technology solutions. The IT Solutions Lead / AML will oversee the development, implementation, and optimization of AML applications / systems, while ensuring alignment with the bank’s strategic goals and regulatory compliance standards.

Key Responsibilities

  • Act as the primary liaison between the AML Compliance teams, compliance officers, and the technology departments.
  • Develop and maintain a strategic roadmap for AML technology solutions, ensuring alignment with organizational objectives.
  • Work with business stakeholders to gather, analyze, and document AML business requirements, including but not limited to Know Your Customer (KYC), Transaction Monitoring, Client Risk Rating and Sanctions / Watchlist Screening and regulatory reporting.
  • Translate business needs into technical specifications for development teams.
  • Lead the evaluation, selection, and implementation of AML technology platforms and tools in collaboration with AML Compliance.
  • Collaborate with vendors and internal teams to customize solutions for compliance as well as maximum efficiency and effectiveness.
  • Establish a target operating model for day to day support of AML IT solution that meets expectations of the AML compliance teams including SLA’s in line with regulatory expectations.
  • Ensure all AML solutions meet regulatory requirements, including local and international standards as outlined by the AML Compliance team (e.g., FATF, OFAC, FINCEN) as well as adherence to other compliance and security requirements & standards (e.g. Privacy, Cybersecurity, B-10 TPRM)
  • Proactively identify potential IT compliance risks and implement mitigation strategies through sustainable technology solutions.
  • Lead cross-functional teams, including developers, data scientists, and analysts, to deliver AML solutions.
  • Provide training and mentorship to team members, ensuring continuous professional development.
  • Report to senior management and the Chief AML Officer on the progress of AML technology initiatives.
  • Communicate technical concepts to non-technical stakeholders effectively.

Qualifications and Skills

  • Bachelor’s degree in Computer Science, Information Systems, Business Administration, or a related field. Master’s degree preferred.
  • Minimum of 8 years in technology roles with experience financial services.
  • Demonstrated expertise in IT solutions available in the AML industry such as Actimize, SAS, or equivalent tools.
  • Proficiency in data analytics, machine learning, and big data technologies.
  • Experience in system integration, API design, and cloud-based solutions.
  • Exceptional project management skills with a track record of delivering complex technology solutions.
  • Strong interpersonal and communication skills with the ability to influence and inspire teams.
  • Experience with AML compliance is considered an Asset. AML training can be provided if required.
  • Bilingualism
  • French and English) is required.
  • Professional working proficiency in French and English languages required as position involves frequent written and oral communication on complex matters with internal and external parties in both languages.

    • Key Attributes

  • Strategic thinker with a keen eye for detail
  • Passionate about leveraging technology to enhance compliance and mitigate risk
  • Results-driven, adaptable, and proactive in addressing challenges

    • What Laurentian Bank has to offer you

    The total compensation offered by Laurentian Bank encompasses a comprehensive range of benefits, highlighting our commitment to the well-being and success of our employees.

    Here are some of the key points of our offering :

  • The actual annual base salary offered will take into account internal equity, skills, and experience among other factors.
  • Total compensation : Earn a comprehensive compensation package that includes annual reviews and performance-based bonuses.
  • Work model : We prioritize a hybrid work model based on business needs.
  • Stock purchase plan : Become not just an employee, but a Laurentian Bank shareholder. Employer matching takes your investment even further.
  • Time off : In addition to paid vacation, we provide floating days and leave options to accommodate the diverse needs of our employees. Plus, as an extra perk, you also get a paid day off to celebrate your birthday.
  • Health and wellness : Take care of your health and well-being with access to healthcare professionals, our Employee and Family Assistance Program (EFAP), and a Stress Management and Well-Being Program.
  • Group insurance and pension : We offer a competitive insurance program based on your family’s needs and a defined contribution pension plan to help prepare for your future.
  • Financial benefits : As a Laurentian Bank employee, you’re also the best ambassador for our products and services. Take advantage of employee-only offers on a wide range of products. Enjoy exclusive deals and preferred rates on products and services including insurance, hotels, train tickets, spas and many more.

    • We are committed to creating a fulfilling professional environment where your skills are valued, and your well-being is a priority. Join us for a rewarding career at Laurentian Bank.

    Inclusion and Accessibility

    At Laurentian Bank, we believe everyone belongs. We are committed to fostering an inclusive work environment that reflects the diversity of our customers and our communities and where everyone feels like they belong and can thrive. To this end, we encourage applications from individuals from equity-deserving groups, including Indigenous persons, racialized and persons with disabilities, marginalized genders and the 2SLGBTQIA+ community.

    We strive to offer a flexible and accessible work experience that is inclusive of everyone. If at any time you need an accommodation, please let us know.

    PIPEDA

    We may collect, use or disclose your personal information for the purpose of establishing an employment relationship with you.