Jobs at RFA Bank of Canada (Now Hiring) — 6 open

Senior Director, Chief Anti Money Laundering Officer – RFA Bank of Canada

 

Date: August 7, 2026

Location: Toronto, ON

Company: RFA Bank of Canada

Job Type: Permanent 

Closing Date: August 21, 2026

 

About RFA

Founded in 1996, RFA (Realty Financial Advisors) is a leading Canadian-owned real estate firm. Through RFA Bank of Canada and RFA Mortgage Corporation, RFA offers mortgage brokers a complete range of Prime and Alternative mortgage solutions.

RFA Bank of Canada, a division of RFA (Realty Financial Advisors), is a federally regulated Schedule I Bank. Our goal is to be a long-term leader in the residential lending market by offering more than just competitive rates and compensation. At RFA Bank of Canada, we focus on delivering a unique value proposition in the Alternative mortgage space, committed to innovation and exceptional service to meet a diverse range of borrower needs.

The Opportunity

We’re looking to fill a Senior Director, Chief Anti Money Laundering Officer position at RFA Bank of Canada!

The Sr. Director, Chief Anti Money Laundering Officer manages the Anti-money Laundering program for the Bank, including the day-to-day operations of the AML/ATF program and Mortgage Investigation Units (MIU).  Functioning as an independent and objective body that reviews and evaluates anti-money laundering issues/concerns within the organization, the position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory bodies and that company policies and procedures are being followed.

Core Responsibilities

As the Sr. Director, CAMLO, you will:

Anti-Money Laundering and Anti-Terrorist Financing:

• Develop and maintain policies, procedures and training relating to the Bank’s AML/ATF program ensuring consistency with industry practices and regulatory requirements.
• Work in partnership with the first line of defense to design effective controls in line with AML/ATF regulatory requirements.
• Monitor the adequacy and effectiveness of the AML/ATF program, reviewing key controls on an on-going basis to determine areas of improvement.
• Develop AML/ATF-related training curriculum and deliver ongoing training programs for employees and management, covering key applicable legal / regulatory requirements.
• Assess new products and services regarding AML/ATF compliance risk.

 

Mortgage Investigation Unit:

• Develop and maintain processes, procedures and training relating to the Bank’s risk mitigation of misrepresentation and potential fraud development, consistent to the Bank’s no tolerance on fraud, best industry practices and regulatory requirements.
• Work in partnership with the first line of defense to design effective controls in line with MIU scope of external and internal risk mitigation of potential fraud.
• Manage the RFA Broker & Agent Approval process for review and decision, including maintaining oversight of the updated and readily available official list of RFA Approved Brokers & Agents.
• Monitor the adequacy and effectiveness of the MIU program, reviewing key controls on an on-going basis to determine areas of improvement.
• Develop MIU related training curriculum and deliver ongoing training programs for employees and management, covering key applicable best practices and concepts.
• Assess new products and services regarding MIU for improved risk mitigation and process efficiencies.
• Lead the Fraud Committee meeting with Line 1 and 2 risk champions, for management of the new or current list of RFA Brokers & Agents based on performance measures and controls, to ensure quality of loans applications to RFA Bank.

 

Reporting:

• Report findings, issues and concerns to the CRO and senior management as required.
• Ensure that reporting obligations to FINTRAC and OSFI are accurate and timely.
• Provide reports to the relevant Board committees on at least a quarterly basis, keeping the CRO and the Board informed about the operation of the AML and MIU programs.

 

Regulatory & Compliance:

• Complete all company training as and when needed.
• Comply with requirements as set by the Compliance function and external regulatory bodies in all instances.
• Act in accordance with the company’s Board-approved Risk Appetite and tolerance for risk in all instances.
• Maintain and increase knowledge of the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), the Bank Act, OSFI Guidelines, FINTRAC Guidelines and Fraud conferences in order to ensure that the Bank has the correct procedures and processes in place and that those procedures and processes are being followed by all departments and employees. 

 

People Management:

• Motivate and coach team members to assist them in meeting and exceeding their objectives.
• Develop staffing plans anticipating short-, medium- and long-term needs.
• Lead and participate in annual performance reviews, addressing areas of strength and improvement.

 

What You’ll Need to Succeed

• 10+ years experience in a bank or regulated entity in audit, compliance, misrepresentation and Fraud management, regulatory relations or regulatory agency, or some combination thereof.
• Bank professional, possessing a strategic as well as granular understanding of regulatory risk, including emerging risk issues.
• Certified Anti-Money Laundering Specialist (CAMS) designation.
• Certified Financial Crime Specialist (CFCS) designation.
• Proven ability to work collaboratively and persuasively across the organization to leverage available resources and talent to help drive activities to completion in an efficient and timely manner.
• Ability to communicate with knowledge and credibility to management, including appropriate management committees and regulatory bodies; offering well considered regulatory risk management solutions and recommendations.
• Clear understanding of regulatory risk management and regulatory expectations.
• Understanding of financial, operational and IT controls.

What Sets You Apart

• Strong written, verbal and presentations communication skills.
• Strong interpersonal skills, including influencing at the highest levels of the company.
• Excellent relationship management skills.
• Can work effectively in a collaborative environment.
• Passionate about understanding operations.
• Orientation to coach/assist business units on compliance related issues.
• Detail oriented.

Our Values and What We Offer at RFA

At RFA, we live by our core values. These values guide our daily actions and shape our work culture:

• Accountability: You take ownership of your work & its consequences. You always consider risk & make informed decisions.
• Selflessness: You share info & teach others. You’re able to put your ego aside & understand that the best idea wins.
• Inclusivity: You value differing viewpoints & experiences. You understand how this can drive growth & innovation. 
• Innovation: You seek opportunity & embrace change. You see tech as a way to enhance productivity & drive profitability.
• Courage: You make tough decisions in our best interest. You see opportunity when faced with challenge or adversity.
• Impact: You value results & your contributions. You rise to the occasion and never settle for sub-par.
• Performance: You embody a competitive spirit, desire to win and strive for executional excellence. 

Along with a strong work culture, RFA offers a comprehensive benefits package, including:

• Health & Dental Care
• Vision Care
• RRSP Match
• Health & Wellness Spend
• Vacation & Personal Days
• Hybrid working environment

Ready to take the next step?

If this opportunity excites you and aligns with your skills and aspirations, we’d love to hear about how you can contribute to our team at RFA.

Accessibility 

Accommodation is available upon request for applicants and employees with disabilities. If you are contacted for a job opportunity, please advise us of any accommodations needed to ensure you have access to a fair and equitable process. Any information received relating to accommodation will be addressed confidentially.