Assistant Manager, AML Oversight

Assistant Manager, AML Oversight

30 Jun
PC Financial

30 Jun

PC Financial



25 York Street, Toronto, Ontario, M5J 2V5

President’s Choice Bank (PCF) is a wholly-owned subsidiary of Loblaw Companies Limited (LCL) and was established to promote President’s Choice Financial products and services across Canada. PCF is focused on providing everyday payment solutions and services that reward the everyday. It operates in the following segments:

Mastercard: The President’s Choice Financial Mastercard is offered and operated by President’s Choice Bank.

Insurance: Home and auto insurance are offered through affiliates and relationships with several insurance companies.

PC Optimum:

All PC Financial payment card customers earn PC Optimum points that can be redeemed in participating Loblaw banner and Shoppers Drug Mart stores.

PC Services: this division of Loblaws Inc. operates in the same office location and includes The Mobile Shop and Gift Card businesses which are focused upon delivering convenience and exceptional value to LCL customers. Loblaws Inc. is a wholly-owned subsidiary of LCL.

LCL is Canada’s largest food distributor and has expanded into certain non-food categories, with operations across the country. LCL concentrates on food retailing with the objective of providing consumers with the best in one-stop shopping for everyday household needs.

PCF is an important business unit within LCL that manages and develops the products and service programs in order to improve the customer experience, maximize value, and provide a platform to enhance customer insights and relationships. PCF’s vision is vision is to make the everyday simple and better.

Reporting to the Sr. Manager, AML, the Assistant Manager, AML Oversight will be responsible for supporting the development of new and enhancement of existing AML/ATF controls, control testing, ongoing reporting and ensuring adherence to PC Bank’s AML/ATF policies.

What you'll be doing:

Day to day monitoring of the Banks’ AML/ATF program to ensure compliance with all Legislative and Regulatory requirements;

Reviewing and updating Bank policies, procedures and quality assurance processes as they relate to AML/ATF;

Conducting and maintaining the Business Attestation process for the AML/ATF Program;

Supporting the execution of the Bank’s annual AML Risk Assessment and Self-Assessment of Controls, as well as relevant data analysis and testing for the AML/ATF Program;

Monitoring departmental compliance with processes, controls, standards, rules and guidelines in relevant departments;

Supporting the development and maintenance of the Bank’s AML Training for all stakeholders across the Bank, including employees and vendors;

Executing the second-line control testing for the AML/ATF Program;

Monthly reporting of the Bank’s AML/ATF Program to the Operational Risk Management Committee

Developing and maintaining of Standard Operating Procedures (‘SOPs’), trackers and other internal reports;

Regular monitoring of relevant laws, prudential standards, rules and guidelines and industry best practice to ensure continued compliance;

Developing new and enhancing existing reports on the Bank’s AML/ATF Program.

Supporting the development and execution of new controls and processes, as well as implementation of new regulatory requirements

What You'll Need:

Minimum undergraduate degree, preferably in Business, Commerce or equivalent;

Three to five years of AML/ATF experience at a Canadian Financial Institution

CAMS certification is preferred

Background in Canadian AML/ATF compliance and working understanding of the PCMLTFR, OSFI Guideline B-8 and FINTRAC Guidelines

AML/ATF retail banking experience

Knowledge of AML/ATF controls for credit cards would be an asset

Ability to document control testing results in a clear and organized manner, provide recommendations for control enhancements to various stakeholders and collaborate with stakeholders on process enhancement opportunities

Self-starter attitude with a proven ability and willingness to learn new tasks, processes and systems

Strong communication and interpersonal skills with the ability to foster and develop relationships with internal and external stakeholders

A good team player who is also able to work independently in a fast paced and dynamic environment

Proficient in MS Office applications (Word, Excel, PowerPoint) and the ability to learn other internal systems and technical tools

Strong organization, time-management and prioritization skills


Come and join a winning team who demonstrates innovation, energy, creativity and vision. We recognize the importance of a diverse workforce and we therefor encourage applications from Aboriginal Peoples, women, members of a visible minority and persons with a disability. We thank all applicants for their interest, however, only those selected for an interview will be contacted.

Number of Openings:


PC Financial recognizes Canada's diversity as a source of national pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the products we sell, the people we hire, and the culture we create in our organization. Accommodation is available upon request for applicants and colleagues with disabilities.

In addition, we believe that compliance with laws is about doing the right thing. Upholding the law is part of our Code of Conduct – it reinforces what our customers and stakeholders expect of us.