Job Description

Job description

ICICI Bank Canada is a wholly-owned subsidiary of ICICI Bank Limited (NYSE:IBN) which has its headquarters in Mumbai, India. ICICI Bank Limited is a leading private sector bank in India. ICICI Bank Limited's consolidated total assets stood at US$ 309.1 billion as on March 31, 2025.

Established in December 2003, ICICI Bank Canada is a full-service direct bank with an asset base of about C$5.2 billion as at March 31, 2025 and it is a member of the Canada Deposit Insurance Corporation. ICICI Bank Canada offers a wide range of financial solutions to cater to personal, commercial, corporate, investment, treasury and trade requirements.

Job Purpose:

Reporting to the Senior Manager, Compliance, the incumbent is responsible for the following:

a) Review and evaluate alerts/cases of anomalous or potentially suspicious transaction identified through backend transaction monitoring application or escalated by the front-line staff and other functions of the Bank. Conduct in-depth investigations on the potentially suspicious transaction using Bank's systems and other external resources, including search in the public domain and determine whether the transaction qualify for reporting to regulatory authorities.

b) Escalate all incidents of suspicious transactions to Manager, Compliance along with supporting investigative narratives and recommendation for reporting suspicious transactions to FINTRAC and other authorities, as required, within prescribed timelines;

c) Organize, file, and maintain records of suspicious transaction reports along with due diligence results as per the Bank's policy and procedures;

d) Conduct risk assessment of clients identified for conducting unusual/suspicious transactions and suggest client-specific controls;

e) Providing support in the identification and implementation of applicable anti-money laundering and anti-terrorist financing (AML/ATF) requirements and best industry practices;

f) Partaking and conducting inter/intra departmental training on topics pertaining to suspicious transaction reporting, high-risk client monitoring and other related issues;

g) Performing other duties or functions as assigned from time to time.

Area of Responsibilities

1. Suspicious Transaction Reporting

- Review cases of potentially suspicious transactions reported from all functions and conduct investigations to make a final determination;

-Prepare due diligence reports and recommend cases of suspicious transactions to Manager, Compliance for reporting to prescribed authorities;

-Submit suspicious transaction reports on the FINTRAC's reporting portal as per the reporting guidelines; and

-Maintain records of all cases investigated as per the Bank's record retention guidelines.

2. Regulatory Reporting

-Ensure submissions of reports to regulatory authorities after obtaining necessary approvals and within prescribed timelines.

3. Others:

-Develop sound understanding of bank's compliance framework, policies and related procedures;

-Develop good understanding of applicable Anti-Money Laundering & Anti-Terrorist Financing requirements especially FINTRAC reporting guidelines;

-Stay informed of the latest Anti-Money Laundering and Anti-Terrorist Financing requirements, best industry practices, and trends;

-Provide support in conducting Compliance Reviews/Monitoring of various functions, as required;

-Provide support in the preparation of periodic internal and external reports; and

-Perform other tasks as assigned from time to time

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 M5H 4B2: reliably commute or plan to relocate before starting work (required)
Education:

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