Department / Branch: Compliance Department
Reports To: Deputy Cheif Anti-Money Laundering Officer
Employment Type: Permanent Full time
Location: 333 Bay Street. Toronto, ON, M5H 2R2
Responsibilities:
- Perform Sanctions and Name Screening on SWIFT payments and account profiles to facilitate compliance with Sanctions and AML and ATF regulatory obligations.
- Provide a range of research, guidance, support and/or advice to branches and business units to ensure the AML/ATF and Sanction controls and processes are in effect to mitigate associated risks.
- Provide guidance to the business on day-to-day AML/ATF matters in accordance with regulatory compliance requirements, payments, regulatory reporting and industry standards that support sanctions, payments screening and due diligence, as well as the underlying policy and governance.
- Perform Sanction alert screening and investigations, supporting branches/business units during on-boarding and day to day through the back end screening to ensure customers are compliant and to provide recommendation where potential sanctions matters arise.
- Assist in completing any required regulatory reporting, such as LPEPR, OSFI 525 and 590 reports.
- Support the Business Units throughout the Bank on the submission of EFTR and LCTR, holding strong knowledge of FINTRAC requirements on both regulatory reporting types.
- Conduct skilled adverse media research, AML/ATF and Sanction risk assessments, reporting and/or analytical support in a timely manner.
- Act as Subject Matter Expert on Sanctions and Payments, as well as the underlying reporting.
Key Requirements:
- Bachelor degree or equivalent education and background in related field combined is preferred.
- 2-5 years of experience in the financial service industry as a Sanctions or AML Analyst
- Demonstrated knowledge of or experience in AML Compliance, Sanctions, Payments and KYC
- A comprehensive understanding of regulatory requirements and legislation, including FINTRAC
- Guidance, PCMLTFA, OSFI Guidance, Retail Payments Association Guidance and OFAC regulations
- Knowledge or experience in the search and review of adverse media.
Special Requirements:
Certification in a professional association such as ACAMS or ACFCS is considered an asset.
Recruitment Process, Privacy and Accessibility Notice
We thank all applicants for their interest in career opportunities with Industrial and Commercial Bank of China (Canada) (“ICBK”). Please note that only shortlisted candidates will be contacted.
ICBK is committed to fostering an inclusive and accessible recruitment process. If you require accommodation at any stage of the application or interview process, please inform us and we will work with you to address your needs. For more information on our accessibility commitment, please refer to Accessibility at ICBK on our corporate website.
To learn more about how ICBK collects, uses, and safeguards personal information provided during the recruitment process, please refer to the ICBK Privacy Statement for Recruitment and Employment available on our corporate website.
Benefits:
- Company pension
- Dental care
- Disability insurance
- Employee assistance program
- Extended health care
- Life insurance
- Tuition reimbursement
- Vision care
Education:
- Bachelor's Degree (preferred)
Experience:
- banking industry work: 2 years (preferred)
- AML Compliance: 2 years (preferred)
Work Location: In person
