Aml Analyst - Toronto, Canada - Industrial and Commercial Bank of China (Canada)

Industrial and Commercial Bank of China (Canada)
Industrial and Commercial Bank of China (Canada)
Verified Company
Toronto, Canada

2 weeks ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description

Department:
Compliance Department


Location:
Toronto


Status: 6-Month Contract/12-Month Contract/Full Time Permant


Responsibilities:


  • Investigate payment screening, PEP and sanction alerts
  • Conduct reviews of transaction monitoring alerts
  • Maintain records of alerts investigation activity and disposition action for alerts
  • Assess whether transactions are suspicious and make recommendations for the appropriate course of action
  • Provide AML/CTF/KYC advice to the first line of defense
  • Perform first level compliance review for correspondent banking and other highrisk customers at account opening and at periodic risk assessments
  • Review due diligence performed by frontline on transaction monitoring alerts request further information/analysis if needed until the case can be satisfactorily closed
  • Conduct AML compliance testing on business partners
  • Stay uptodate on relevant laws, regulatory guidelines, and industry best practices
  • Assist in the execution of the Bank's day to day AML and other regulatory obligations
  • Identifying activity that may expose the Bank to AML risks
  • Assist with the development of internal processes and controls for transaction monitoring
  • Assist with the development of internal processes and controls for regulatory reporting such as reporting of electronic funds transfers and large cash transactions
  • Assist in other tasks of the AML Compliance team

Requirements:


  • 3+ years work experience in AML compliance
  • Well developed understanding of and experience with transaction monitoring
  • Understanding of and experience with submission of LCTRs/EFTs to FINTRAC
  • CAMS certification is preferred
  • Undergraduate degree or above, preferably in Business, Finance or Law;
  • Critical and analytical thinker, well organized, with the ability to complete assigned tasks independently and seek guidance when needed
  • Strong attention to details
  • Excellent oral and written communication skills; strong interpersonal skills with the ability to develop relationships with business partners. Chinese language skills would be an asset
  • Proficient with Microsoft Office (Word, Excel, PowerPoint). Experience with mainframe systems used in banking an asset
  • A good team player with a cando spirit in a fastpaced environment

Job Types:
Permanent, Full-time, Fixed term contract

Contract length: 6/12 months


Benefits:


  • Company pension
  • Dental care
  • Disability insurance
  • Employee assistance program
  • Extended health care
  • Life insurance
  • Tuition reimbursement
  • Vision care

Schedule:

  • Day shift

Supplemental pay types:

  • Bonus pay
  • Overtime pay

COVID-19 considerations:
Work from home option is available. The Bank applies best practices to protect customers and employees.


Application question(s):

  • Are you able to process given materials in English and Chinese with work proficiency?

Education:


  • Bachelor's Degree (preferred)

Experience:

- banking industry work: 2 years (preferred)

  • AML Compliance: 2 years (preferred)

Work Location:
In person
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