Associate Manager, AML/ATF Modeling and Analytics

Join a Challenger

Being a traditional bank just isn't our thing, so we challenge ourselves to get creative in providing innovative banking solutions for Canadians.

How do we get there? With a talented team of inquisitive and agile challengers that break through the status quo. So, if you're passionate about redefining the future of banking—while having fun—this could be your next big opportunity.

Our company continues to grow, and today we serve more than 670,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than six million members. Together we have over $125 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our customers have named our EQ Bank digital platform ) one of the top banks in Canada on the Forbes World's Best Banks list since 2021. 

The Work

Reporting to the Associate Director, AML/ATF Modeling and Analytics, the Associate Manager, AML/ATF Modeling and Analytics, leads the AML modeling and analytics supporting Equitable Bank's enterprise-wide AML/ATF program. The Associate Manager is responsible for execution of the strategy on modeling and analytics related to the name screening, payment screening, transaction monitoring and customer risk scoring models for AML/ATF program. The environment is fast-paced and requires the effective time management of multiple tasks and projects.

• Execute and maintain the Bank's AML/ATF model development standards, including sampling methodology.
• Enhance AML/ATF rules/scenarios to be compliant with dynamic regulatory requirements and industry best practices.
• Tune existing rules/scenarios to reduce false positives and improve the effectiveness and efficiency of program.
• Document the rule/scenario/model methodology, process, assumptions etc. to enhance model governance and meet requirements of audit and regulatory exams.
• Work with IT, data teams and compliance teams to integrate models into monitoring platforms and systems.
• Identify and implement best industry practices in model design, including (not limited) conceptual soundness, data preparation, assumption management, and comprehensive testing that fit the size of Equitable.
• Explore advanced analytics such as AI and Machine Learning to identify AML/ATF patterns and emerging risks to improve detection capabilities.
• Keep abreast of and stay updated on industry trends, emerging risks, and best practices and incorporate as appropriate and fit for the size of Equitable.
• Provide guidance and mentoring to junior members of the team.
• Provide timely and effective feedback to staff.
• Develop and maintain effective relationships with the compliance teams, business client, risk management and technology to complete AML projects.
• Provide technical input to technology, other model developers and/or risk management groups in the development and implementation of rules and models. 

• Degree in Computer Science or IT, master's degree preferred.
• Minimum 5+ years of experience in data and analytics.
• Excellent analytical, risk assessment and problem-solving skills.
• Ability to successfully handle multiple competing priorities, projects, and timelines.
• Excellent written and verbal skills required to communicate AML knowledge, keep stakeholders informed, and communicate requirements to external vendors
• Excellent knowledge of statistical methods. Knowledge of machine learning methods is an asset.
• Advance programming skills of Python and at least one of other programming languages/tools (e.g., R).
• Advanced skills using statistical and data science related packages (pandas, numpy, scipy, slearn).
• Advanced knowledge of SQL is required. 

What we offer (For full-time permanent roles)

Competitive discretionary bonus 

Market leading RRSP match program

  Medical, dental, vision, life, and disability benefits

  Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy and personal days 

  Virtual events to connect with your fellow colleagues

  Annual professional development allowance and a comprehensive Career Development program

  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank's additional office space located at Ontario Street, Toronto, ON .

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone's diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can't wait to get to know you