At a Glance
- Tasks: Lead sanctions compliance and payment screening processes while managing a dynamic team.
- Company: Join a leading bank with a strong commitment to compliance and innovation.
- Benefits: Full-time position with competitive salary and opportunities for professional growth.
- Other info: Fluency in Mandarin or Cantonese is a plus; dynamic work environment awaits!
- Why this job: Make a real impact in the financial sector by ensuring compliance and risk management.
- Qualifications: 5+ years in sanctions and payments screening, with strong regulatory knowledge.
The predicted salary is between 81000 - 99000 $ per year.
Department / Branch: Compliance Department
Reports To: Deputy CAMLO
Employment Type: Full-Time
Location: Toronto Downtown Head Office
Responsibilities:
- Will act as a subject matter expert for the Canadian and global economic sanctions and will manage the completion of the periodic sanctions risk and controls process.
- The incumbent will oversee, manage and assess the performance of sanctions and payment screening and assist in developing suppression rules to reduce non-productive alerts.
- They will also manage the screening process and procedures to ensure effective controls are in place to elevate or discount alerts based on their merits and available indicators.
- Will manage the Sanctions and Payment Screening Teams acting as a Level 2 reviewer in the process of alert investigation, escalation, and reporting.
- Will assess sanctions risks for the Bank's products & services offerings.
- Manage and produce related reporting on sanctions compliance and payments screening program.
- Assess and review sanction policies and procedures and recommend amendments to the enterprise sanctions policy based on knowledge of the global sanctions environment.
- Develop and update sanctions related training.
- The incumbent must be an experienced compliance manager with relevant experience in the sanction realm.
- They must identify and prioritize compliance issues, as well as develop and implement compliance action plans.
- They will prepare and review applications and reports to regulatory agencies, e.g., Global Affairs Canada (GAC), FINTRAC or RCMP.
- The role will provide strategic leadership on sanctions governance, screening and payments, risk mitigation, awareness, and related compliance management across all business units of the Bank.
Qualifications:
- Strong knowledge of Sanctions, Payment Screening, and reporting to FINTRAC.
- At least 5 years of experience in sanctions, payments screening, and reporting to FINTRAC.
- Experience in dealing with compliance related regulators or regulatory bodies (FINTRAC, GAC, etc.).
- Proven ability to represent an institution at industry sessions such as the Canadian Bankers Association or at industry conferences.
- Proven ability to manage issues.
- Experience in managing projects or initiatives, particularly those with a sanctions component.
- Fluency in Chinese (Mandarin primary, Cantonese secondary) would be an asset but is not a requirement.
- Knowledge in Microsoft Office suite of programs, particularly Excel and Word.
Senior Manager, Sanctions and Payments Screening/Reporting in Toronto employer: Industrial and Commercial Bank of China (Canada)
Join a leading financial institution in downtown Toronto, where we prioritise compliance and integrity in our operations. As a Senior Manager in the Compliance Department, you will thrive in a collaborative work culture that values professional growth and offers extensive training opportunities. With a focus on employee well-being and a commitment to excellence, we provide a dynamic environment that empowers you to make a meaningful impact in the realm of sanctions and payments screening.
Contact Details:
Industrial and Commercial Bank of China (Canada) Recruitment Team
We think you need these skills to ace Senior Manager, Sanctions and Payments Screening/Reporting in Toronto
Sanctions Knowledge
Payment Screening
Reporting to FINTRAC
Compliance Management
Regulatory Knowledge
Project Management
Risk Mitigation
