Overview
Senior Manager, Sanctions and Screening/Reporting Jobs in Toronto, Canada at Industrial and Commercial Bank of China (Canada)
Position: (Senior) Manager, Sanctions and Payments Screening/Reporting
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 a 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
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Title: Senior Manager, Sanctions and Screening/Reporting
Company: Industrial and Commercial Bank of China (Canada)
Location: Toronto, Canada
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