Aml Analyst - Toronto, Canada - Industrial and Commercial Bank of China (Canada)
Description
Department:
Compliance Department
Location:
Toronto
Status: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:
Full-time, Fixed term contract
Contract length: 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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