Anti-Money Laundering (AML) Intern, Summer 2024

Equitable Bank

  • Full Time
Join a Challenger
Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 370,000 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 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people’s lives. Our EQ Bank platform ( has been named the top Schedule I Bank in Canada on the Forbes World’s Best Banks 2023, 2022, and 2021 lists. 
Work Term:                        May 2024 – August 2024

Main Activities:

  • Support the Compliance department in the implementation, monitoring and testing of anti-money laundering (AML) controls
  • Assist management in the preparation of reports to the senior management team and the Board
  • Review and compile data from various departments to provide Excel-based reports of trends
  • Complete scheduled risk reporting to identify areas of concern and providing rationale to discount false positives where required
  • Cross check client name screening data against Canadian Sanctions and Terrorist Designated Persons list
  • Knowledge/Skill Requirements:

  • Currently enrolled in a University Program; Interest in regulatory compliance, law, and anti-money laundering and anti-terrorist financing would be beneficial
  • Advanced MS Office Skills (Excel, Word, PowerPoint); with ability to create macros and add programming where required
  • Ability to organise and compile data to produce metric reports
  • Strong organizational skills, demonstrates ability to work under pressure and adhere to tight deadlines
  • Ability to prioritize assignments, projects and multi-task within restricted time constraints
  • Excellent oral and written communication skills
  • Proven analytical and problem solving skills
  • Excellent interpersonal skills with the ability to work individually or as part of a team
  • Strong attention to detail with the ability to review one’s own work 
  • How to Correctly Submit Your Application

  • All applications must be submitted through our company website: . Search for: Anti-Money Laundering (AML) Intern, Summer 2024
  • Please note that you must be an active student going back to school. Applications from students who have already graduated will not be accepted unless you need to do a co-op placement in order to graduate.
  • Please scan together and submit ONE DOCUMENT that includes your transcripts, resume and cover letter. Please note that if the application is not completed properly, it will not be accepted.
  • 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, personal days and even a moving day 
      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 351 King Street East, 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! 
    Job Overview
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