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
What You'll Be Doing
The Client Services (CS) Due Diligence (DD) team holds a global mandate for Risk Reviews and occasional onboarding for the Capital Markets lines of business. The DD team is primarily responsible for conducting periodic Anti-Money Laundering (AML) and Enhanced Due Diligence (EDD) reviews for Global Transaction Banking’s (GTB) portfolio of correspondent bank clients.
Reporting to the Director or Team Leader, you will conduct comprehensive client risk assessments, including thorough reviews of adverse media and geopolitical risks across all jurisdictions in which the bank operates. You will also coordinate compliance meetings as required, ensuring alignment with regulatory expectations and internal standards. The Due Diligence team partners closely with internal and external stakeholders to ensure that best AML practices are consistently applied and maintained.
As a member of the CS DD team, you will contribute to the effective execution of CIBC’s Enterprise AML framework as it pertains to GTB’s correspondent banking clients. You will also participate in Capital Markets strategic initiatives under the leadership of the Head of Client Services, supporting the bank’s commitment to regulatory compliance and risk management excellence.
At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 3 days per week on-site, while other days will be remote.
How You'll Succeed
Client Review and Assessment: You will conduct comprehensive reviews of correspondent banking clients at onboarding, during periodic assessments and for triggered or ad hoc reviews. You will need to collaborate with teams across CIBC to confirm a client’s relationships across the Enterprise and ensure alignment with all applicable Enterprise AML standards. You will maintain a risk review tracker to ensure all client risk reviews are completed before designated deadlines and that documentation is kept up to date.
KYC & Client Information: You will gather and validate information to assist in the preparation of compliance and governance reports, such as the Qualitative Assessment Report. Assess and highlight risk trends, review product information, and document any changes in the overall client risk profile.
Risk Mitigation: You will identify and mitigate risks to CIBC, including those related to adverse media, transactional activity, geographical exposure, and other key risk factors. Investigate potential risk-related concerns through analysis and the use of AML-specific investigative tools, such as World-Check One, Bankers Almanac, and other sources.
Reporting and Documentation: You will need to investigate AML risk-related concerns and assess due diligence areas as required. Ensure AML and compliance reports are complete, accurate, and processed in a timely manner for submission to GTB Relationship Managers and other internal stakeholders, in accordance with existing SLAs. Maintain and document records in compliance with regulatory requirements (OSFI/FINTRAC) and CIBC Enterprise standards.
Recommendations and Stakeholder Support: You will provide high-quality, risk-based recommendations to support client relationships, ensuring they withstand scrutiny from business personnel, compliance, audit, and regulatory bodies. Prepare detailed written reports addressing high-risk clients.
Team Development: You will support the development of team members by coaching and training analysts and new staff, and ensuring submission trackers for assigned cases are accurately maintained by both Analysts and Reviewers.
Who You Are
You have an undergraduate or postgraduate university degree in a relevant field, and AML-related credentials (such as ACAMS or ACFCS) are considered an asset.
You have 3 years of experience working in AML/KYC, preferably within Capital Markets or Correspondent Banking, Capital Markets products/transactions, and solid knowledge of AML regulations and FATF guidance. You are adept at gathering, analyzing, organizing, documenting, and presenting large volumes of information in a succinct and organized manner. A strong understanding of CIBC AML/ATF Standards is an asset.
You are highly goal-driven and motivated to achieve objectives. You overcome challenges, and deliver impactful results. You demonstrate a strong results orientation, consistently meeting deadlines while maintaining high-quality output.
You act like an owner. You consistently demonstrate a proactive, solutions-oriented approach and a passion for generating innovative ideas that drive meaningful results.
You have an eye for detail. You consistently identify nuances and insights that others may overlook, ensuring accuracy and thoroughness in all aspects of your work.
You are thoughtful and exercise sound judgment. You easily leverage your strong critical thinking skills to effectively assess compliance and AML risk, and thoughtfully analyze complex situations.
You communicate with clarity and impact. You bring excellent written and verbal communication skills, with the ability to effectively communicate recommendations to stakeholders.
You’re digitally Savvy. You have strong technical skills and are proficient in using the MS Office Suite. Experience with World-Check One and Bankers Almanac is an asset.
You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
#LI-TA
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
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.
We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-161 Bay St., 9thEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking, Business Effectiveness, Capital Markets, Client Onboarding, Client Service, Customer Experience (CX), Detail-Oriented, Strategic Initiative, Teamwork