Chief AML Officer
BANK OF CHINA
Vancouver, Canada, Canada
4d ago

Duties and Responsibilities :

  • Ensure the Bank's compliance AML laws and regulations specific to the banking industry.
  • Designs, implements and maintain the Bank's AML regime in a manner that is tailored to the needs of each business activity and effectively manage the compliance risk.
  • Act as a coordinator in identifying and relaying new statutory requirements and providing guidance and advice to the business units on AML related matters;
  • ensure that effective, efficient, sustainable controls and procedures are implemented by the business units and are in compliance with all applicable legislation and regulations.

  • Maintain a program to monitor, identify, assess, communicate and track key regulatory compliance requirements in AML / ATF fields relevant to the Bank's business operations;
  • Conduct money laundering and terrorist financing risk and control self-assessments; ensure that adequate resources are in place, and staff training is provided, to foster compliance culture and to optimize relations with regulators.
  • Oversee the AML / ATF control activity in all relevant business areas in the Bank;
  • Keep the AML / ATF program current relative to the Bank's identified inherent risks;
  • Working closely with business unit to identify, assess, communicate and track key regulatory changes and to monitor business unit implementation of changes
  • Review and approve new products, services and / or relevant process changes ensuring compliance with the applicable AML / ATF laws, regulations and regulatory guidelines;
  • Review and approve High Risk Clients, PEPs and HIOs;
  • Keep internal and external stakeholders informed and updated on new and existing money-laundering risks related to new and enhanced products or services, ensuring their compliance and mitigating the gaps, deficiencies, and / or discrepancies;
  • Develop and implement a risk assessment process for evaluating the inherent AML / ATF risks in the Bank;
  • Develop AML / ATF policies and procedures and ensure those are kept up to date, reviewed by the Audit Committee and approved by the CEO and the Board;
  • Ensure that new and amended policies, process and procedures are actively communicated to the Bank's Employees;
  • Develop and deliver adequate AML / ATF training to the Bank's new and existing Board members and Employees;
  • Be satisfied that systems and other processes that generate information used in reports to CEO, Audit Committee and the Board in relation to the AML / ATF program are adequate;
  • Ensure all outsourced AML related function(s) to an area outside his or her control is adequately governed by an appropriate outsourcing agreement;
  • Prepare monitoring reports of AML / ATF management for Senior Management and the Board.
  • Provide sufficient briefing with respect to the inherent risks and controls, and any new / revised regulatory requirements that have impact on the Bank's business and operations to the Senior Management and the Board;
  • Report quarterly to CEO and the Board pertinent information about AML / ATF program adequacy and issues, and make recommendations about the overall structure and scope of the AML / ATF program; and
  • Develop and maintain effective and positive relationship with regulators ensuring regulatory reports and responses are sent in a timely manner.
  • Maintain relationship with OSFI and FINTRAC and prepare for OSFI and FINTRAC inspections.
  • Accomplish other work assignments by Senior Management
  • Job Specifications

  • Minimum Undergraduate degrees.
  • Over 10 years of experience in AML / ATF management with Schedule I or II Bank or Consulting Firm in Canada dealing with regulators (OSFI, FINTRAC, FCAC, etc.).
  • Minimum of 5 years' experience managing complex banking and financial services matters, gained at Schedule I or II Canadian Bank.
  • Must have Certified Anti Money Laundering Specialists (CAMS) certificate or Canadian Anti-Money Laundering Institute (CAMLI) designation.
  • Must have experience LEADING teams.
  • Must be a team player, collaborative and a people person.
  • Must possess persuasion, good negotiation, leadership and conflict management skills.
  • Excellent research, communication and organizational skills.
  • Ability and comfort in dealing with all levels of staff within the Bank, as well as with regulators.
  • Strong time management skills and ability to meet deadlines for multiple projects at the same time.
  • Strong interpersonal communication skills, public speaking and presentation skills.
  • Willing to learn and adopt
  • Working Conditions :

  • This is sedentary work requiring the exertion of up to 10 pounds of force occasionally and a negligible amount of force frequently or constantly to move objects.
  • Employee may need to stand, walk and perform repetitive motions.

  • The employee is required to speak and hear at normal spoken word levels. Vocal communication is required for expressing or exchanging ideas.
  • Vision requirements include close vision.

  • The office environment has climate control and a normal noise level. The employee is not subject to adverse environmental conditions.
  • Report this job
    checkmark

    Thank you for reporting this job!

    Your feedback will help us improve the quality of our services.

    Apply
    My Email
    By clicking on "Continue", I give neuvoo consent to process my data and to send me email alerts, as detailed in neuvoo's Privacy Policy . I may withdraw my consent or unsubscribe at any time.
    Continue
    Application form