Atlantic Central provides liquidity management, payments processing and trade association services to support the credit unions of Atlantic Canada. The Central provides leadership, advocacy and a range of support services in the fulfillment of key functions and is establishing a new specialized Risk Management and Compliance service for participating credit unions. The following position will be critical in delivering this new service.
Atlantic Central’s Halifax office is currently accepting applications for the position of Manager, Compliance to be responsible for overseeing the daily operations of the Anti-Money Laundering (AML) and Compliance functions of the Atlantic Service Centre (ASC), supervising support for customers and managing the AML and Compliance staff of the ASC.
Reporting to the Director, Risk Management & Compliance, the Manager, Compliance is responsible for:
- Overseeing and serving as the subject matter expert on credit union requirements pertaining to AML legislation – Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), other federal regulatory Compliance (i.e. PIPEDA, FATCA, CASL, CRS) and Remediation.
- Overseeing AML business-based risk assessments and submitting to customer.
- Overseeing AML relationship-based risk assessments and risk mitigation recommendations.
- Reviewing CASL risk assessment and submitting to customers.
- Completing final review of regulatory reports before issuing to customers and/or regulators.
- Ensuring proactive management of customer AML, compliance and controls issues.
- Evaluating customer requests for support with compliance, remediation, and regulatory audits (including regulatory review and reporting) and assigning appropriate Specialists. Approving proposed remediation plans.
- Managing vendor relationship with Verafin including: ongoing liaison, discussion of application enhancements, and troubleshooting issues.
- Maintaining the Regulatory Compliance Management (RCM) framework.
- Developing new training materials for topics related to the overall AML and Compliance functions, including Verafin specific training. Supporting the Compliance Specialists’ delivery of training to credit unions and delivering training to credit unions where content is complex or highly specialized. Maintaining customer training records.
- Identifying and making necessary changes to Compliance knowledge repository assets and approves changes proposed by the Compliance Specialists.
- Assessing the operation to identify efficiency improvement opportunities and implementing improvements.
- Coordinating and supervising the activities of direct reports.
- Representing the Compliance group with internal departments and external entities, including regulatory agencies.
- Providing input into the development of the corporate strategic plan related to Risk Management and Compliance. With the Director, Risk Management and Compliance, develops, recommends, and implements the Compliance department plan and budget. Monitoring performance results and takes corrective action as appropriate.
- Completing other duties and projects as assigned.
This position requires occasional travel throughout Atlantic Canada.
The ideal candidate for this position will have successfully completed a Bachelor’s Degree in Business Administration and possess a Certified Anti-Money Laundering Specialist (CAMS) designation, plus have 5-7 years relevant AML experience in a financial institution, preferably a credit union, including experience overseeing a team of specialists; or have an equivalent combination of education and experience.
The successful candidate will have the following skill set:
- Deep knowledge of the financial regulatory environment and requirements (i.e. AML, CASL, PIPEDA, FATCA, CRS)
- Demonstrated strong organizational skills and ability to enable RMC processes
- Strong oral and written communication skills (including presentation skills)
- Strong interpersonal skills
- Proven negotiation and consultation skills
- Proven strong management and leadership skills.
- Proven ability to effectively work with diverse stakeholder groups and to interact with all levels of management and staff
- Demonstrated ability in designing and delivering educational programs and/or workshops
- Proven strong analytical and problem-solving skills
- Proven decision-making skills and ability
- Proven ability to develop annual business plan and set/manage to a budget
- Demonstrated proficiency in Microsoft Office applications (Excel, Word, PowerPoint, Access)
- Proven ability in managing multiple deadlines and competing priorities
The successful candidate will also demonstrate strong abilities in the following competencies:
- Change Leadership
- Building Relationships and Partnerships
- Listening, Understanding and Responding
- Results Orientation
- Team Leadership
- Developing Others
- Strategic Orientation
This is a permanent full-time position and is rated a Salary Level CU-8 ($69,373-$81,615). Atlantic Central offers a competitive benefits package as well as the opportunity to participate in the Performance Sharing Incentive Plan.
Applications will close on October 19, 2018.
Interested candidates should forward their résumé, including salary expectations, in confidence, to:
Human Resources Department
6074 Lady Hammond Road
Halifax, NS B3K 2R7
(When sending applications by e-mail, please send in MS Word format)