Job Description

ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited which has its headquarters in Mumbai, India. ICICI Bank Limited is a leading private sector bank in India. The Bank's consolidated total assets stood at US$182.8 billion as at December 31, 2019.

Established in December 2003, ICICI Bank Canada is a full-service direct bank with an asset base of about C$6.5 billion as at December 31, 2019, and it is a member of the Canada Deposit Insurance Corporation. The Bank offers a wide range of financial solutions to cater to personal, commercial, corporate, investment, treasury and trade requirements.

We provide a stimulating and rewarding environment with significant opportunity for personal growth, competitive salary and benefits package.

We are currently seeking a qualified banking professional for the Manager, Compliance position.

Area of Responsibilities

1. Identify legislative and regulatory requirements applicable to the Bank including but not limited to the requirements under the Proceed of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and related regulations, and provide assistance in implementation and on-going compliance with the regulatory requirements.

2. Develop methodologies and procedures for implementation of approved policies and applicable requirements.

3. Develop sound understanding of applicable AML/ATF requirements especially FINTRAC reporting guidelines and recommend strategies for improving the overall compliance and AML/ATF regimes of the Bank.

4. Assist in identifying and investigating potentially suspicious activity escalated from both the AML systems/processes and other functions of the Bank. Ensure suspicious transaction reports are submitted within regulatory timelines.

5. Conduct risk assessment of high-risk entity clients and suggest client-specific controls at the time of onboarding. Ensure periodic monitoring for high-risk entity clients is conducted as per the defined frequency and any potential suspicious transaction activity is investigated.

6. Oversee the Bank's Sanctions Screening process and ensure the true/potential matches with Designated Persons and other regulatory lists are properly dealt. Ensure that the regulatory PEP determination requirements are met.

7. Act as a subject matter expert and provide guidance to other functions of the Bank on AML/ATF regulatory requirements and assist in developing mitigating controls.

8. Respond to regulatory and Internal Audit Department inquiries in a timely manner.

9. Prepare periodic reports/metrics to the CAMLO in a timely manner.

10. Manage AML/ATF training program. Identify training requirements, develop and conduct training programs, and ensure appropriate awareness level among the staff members of the Bank

11. Provide team members with adequate guidance, direction, leadership, and support necessary to ensure that they are able to accomplish their goals and tasks. Periodically follow up with team members to ensure that the plan to achieve the goals is being carried out.

12. Conduct periodic evaluation and assessment of the performance of the team members and provide feedback.

13. Other duties as assigned

If you require accommodation measures during any phase of the hiring process, please notify us as soon as possible. All information received in relation to accommodation requests will be kept confidential

Job Type: Full-time

Ability to commute/relocate:

Toronto, ON: reliably commute or plan to relocate before starting work (preferred)
Education:

Bachelor's Degree (required)
Work Location: In person