Lead Advisor, PCMLTF

  • Toronto  
  • Finance & treasury
  • Full Time
  • 27079
  • 28 March 2024

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.



Temporary position and can be located in Toronto or Montreal.

The Anti-Money Laundering and Terrorist Financing (AMLTF) Compliance Advisory  team reports to the Assistant Vice President, AMLTF Compliance, and provides compliance leadership and AMLTF expertise throughout the organization, by ensuring sound governance and oversight regarding the implementation and effectiveness of the enterprise-wide AMLTF Program. 
The role is responsible for leading and overseeing the application of the AMLTF Program and related change management activities within an assigned Lines of Business and/or Sectors of the Bank, to ensure that they comply with applicable AMLTF laws and regulations. The role also supports the development and implementation of business lines/units training and communication of business lines/units program changes to the stakeholders.  In addition, the incumbent will act as a subject matter expert regarding AMLTF regulatory requirements relating to certain key areas of the AMLTF Program (“Designated AMLTF Program Areas”). 


Program Management and Governance :
  • Lead, support and provide timely guidance to the designated LOB/Sectors in respect to the application of the AMLTF Program and applicable regulatory requirements. This includes related change management activities arising from the assessment and implementation of new and changing regulatory requirements, any changes with respect to products, services and/or distribution channels, any changes to strategic plans and internal policies, other activities (such as changes to third-party suppliers or systems) and corporate changes. 
  • Act as a subject-matter expert in the Designated AMLTF Program Areas and provide advice and FINTRAC policy interpretations in this regard to the AMLTF teams and all LOB/Sectors. 
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions in regard to AML/ATF related risks.
  • Monitor and identify the AMLTF regulatory changes to maintain awareness of regulatory requirements which are applicable to the relevant LOB/Sectors, deliver guidance to the LOB/Sectors in respect of such regulatory changes and provide effective challenge during the implementation of relevant controls to comply with such regulatory changes (including those being implemented by initiative(s)). 
  • Leads the development and deployment of corporate policies and procedures, and those specific to the business units, with regard to AML/ATF.
  • Act as a liaison regarding the identification of issues or incidents arising in the relevant LOB/Sectors, monitor the progress of any remediation measures and assess the adequacy and timeliness of such remediation measures. 
  • Assist with inquiries resulting from the effectiveness review, audit or examination of the AMLTF Program, including any AMLTF testing activities impacting the relevant LOB/Sectors or the Designated AMLTF Program Areas. 
  • Support and exercise oversight over key processes and procedures within the Designated LOB/Sectors to identify, risk assess, communicate, effectively manage and mitigate AMLTF regulatory compliance and money laundering/terrorist financing (MLTF) risks within the LOB/Sectors. 
  • Assess AMLTF regulatory compliance, effectiveness of quality assurance/testing activities and sound management of MLTF risks within the Designated LOB/sectors, and perform effective challenge on the adequacy of key controls. 
  • Work collaboratively with stakeholders to formulate recommendations on best practices to improve compliance procedures and work processes. 
  • Apply broad industry knowledge and business acumen to drive ongoing AMLTF regulatory compliance and advocate for operational efficiencies and simplification. 
  • Collaborate closely with the Regulatory Compliance Program team as an integrator in prioritized and strategic initiatives and in the performance of the MLTF Risk Assessment and in the aggregation of data as required various regulatory compliance reports for management and regulatory authorities, including the quarterly consolidated CAMLO reports. 
  • Develop and maintain effective and collaborative working relationships with the Regulatory Compliance teams, the lines of business, Internal Audit, other risk corporate functions, senior management and stakeholders. 

  • University degree in a relevant field, combined with a minimum of five years of relevant experience in AMLTF Compliance or Risk Management within the banking industry 
  •  Sound knowledge of AMLTF regulatory requirements, including the assessment of money laundering and terrorist financing risks
  • Knowledge related to the measures applicable for compliance with international economic sanctions 
  • Ability and comfort in dealing with all levels of staff within the Bank, as well as with regulators 
  • Work experience involving multidisciplinary teams and executives 
  • Ability to reconcile opposing points of views, provide constructive and collaborative challenge and propose appropriate solutions 
  • Ability to work independently, with guidance in only the most complex situations, think critically and make decisions 
  • Excellent writing and spoken communication details 
  • Strong background in report writing and attention to detail 
  • Strong knowledge of English, spoken and written. Good knowledge of French (spoken and written) is an asset 
  • Good working knowledge of Microsoft software (Word, Excel, and PowerPoint) 
  • Experience in preparing and drafting reports for management 
  • Strong analytical and synthesis skills 
  • Business-oriented collaborative leadership and stakeholder management skills 
  • Able to work well under pressure and meet set deadlines 
  • Attention to detail in all areas of work 

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.
  • 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.


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