(Senior) Manager, Sanctions and Payments Screening/Reporting

Industrial and Commercial Bank of China (Canada); Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

Industrial and Commercial Bank of China (Canada) is seeking a senior Compliance Manager in Toronto to lead sanctions governance, screening and reporting. You will oversee the organization’s global sanctions program and guide risk-based actions across banking products and services.

You will manage the sanctions and payments screening teams, interact with regulators such as FINTRAC and GAC, and drive policy improvements, training and incident response.

Qualifications

• Strong knowledge of Sanctions, Payment Screening, and reporting to FINTRAC.
• At least 5 years of experience in sanctions, payments screening, and FINTRAC reporting.
• Experience dealing with 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 managing projects or initiatives 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

Responsibilities

• Will act as a subject matter expert for Canadian and global sanctions and manage the periodic sanctions risk and controls process.
• Oversee, manage and assess performance of sanctions and payment screening; develop suppression rules to reduce non-productive alerts.
• Manage the Sanctions and Payment Screening Teams as Level 2 reviewer in alert investigation, escalation, and reporting.
• Produce reporting on sanctions compliance and payments screening program.
• Review sanction policies and procedures and recommend amendments to the enterprise sanctions policy.
• Develop and update sanctions related training.
• Provide strategic leadership on sanctions governance, screening and payments, risk mitigation, awareness, and compliance management across all business units.

Skills

Sanctions compliance

Regulatory reporting

Financial crime risk management

Stakeholder management

Risk assessment

Project management

Tools

Microsoft Excel

Microsoft Word

Job description

Department / Branch: Compliance Department

Reports To: Deputy CAMLO

Employment Type: Full-Time

Location: TorontoDowntown 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