Canadian Bank Jobs in Toronto at Citco Bank Canada

CITCO BANK CANADA
Toronto, ON, CANADA

Citco Bank Canada is a wholly owned subsidiary of Citco Bank Nederland N.V. with headquarters in Amsterdam, The Netherlands. Other banking operations are located in Dublin, Luxembourg, Curacao, Bahamas and the Cayman Islands. The banks have affiliated operations, Citco Global Securities Services, based in Cork, Ireland and Toronto, Canada. The Citco Banks primarily provide trading and custody services for investments into mutual and hedge funds. Clients are international banks and Fund of Fund groups.

As part of the continued expansion of the Citco Banks we are looking for a dynamic and experienced Assistant Compliance Officer for Citco Bank Canada.

1. Assistant Compliance Officer

The Assistant Compliance Officer is responsible for the regulatory compliance as well as new accounts activities of the Bank. These duties are stemming from the various policies of the Bank including the Compliance Manual, Know Your Customer policy, Customer Due Diligence policy and other guidelines of the CITCO Group.

Role and responsibilities include but not limited to:

1. Assisting the Compliance Officer in securing compliance with Citco as well as local KYC, AML and anti-terrorist financing policies and guidelines issued by the regulators and other associated bodies having supervisory authority over the Bank.
2. Ensuring that all the accounts opened in the systems are complete and accurate. The procedures will include reserving, opening, maintaining and closing the accounts on different Bank IT applications.
3. Creating and maintaining internal accounts in Equation System such as NOSTRO, FX, and P&L etc. Also to input, maintain and update client fees in the CCS System, as required.
4. Creating and maintaining client files to ensure that they contain complete account opening documentation and management approval. Following up on all outstanding documents and uploading client’s documents to electronic-content-management (ECM).
5. Screening the names of the customers and related parties through World Check, Bankers Almanac, Fircosoft-FFF, CECF (KYC-RP) and report any findings to the Compliance Officer.
6. Monitoring clients and their activities which includes handling the alerts reported by the transaction tracking systems such as Assist://ck and Fircosoft-FMF and report any findings to the Compliance Officer.
7. Liaise with relationship managers, marketing, legal, credit and CFS staff with regards to account opening requirements and status updates.
8. Keeping informed as to present and future legislation and regulatory developments in Canada and specially keeping abreast of all the guidelines issued by the regulatory bodies such as OSFI, FINTRAC, FCAC, Bank of Canada etc.
9. Providing compliance training to employees pertaining to bank’s compliance policies and procedures and related legislation for both existing and new staff.
10. Reporting to Government authorities especially to FINTRAC, OSFI, FCAC and all other agencies on matters such as terrorist financing, suspicious transactions, SWIFT transactions etc.
11. Responding to all queries in a timely manner received from clients, management, other departments, CFS etc. and ensuring that audit queries are duly dealt with and that audit confirmations are responded to promptly.
12. Carry out all ad-hoc duties assigned by the Compliance Officer and Management.

Qualifications and Experience:

* Minimum 3 years experience in financial services industry preferably in compliance and/or new accounts area
* University degree in a related discipline
* Good knowledge of Microsoft office applications
* Strong research and analytical skills
* Capable of quickly acquiring an understanding of compliance law and regulation and how to apply it in a business environment
* Excellent communicator, both verbal and written including presentation skills
* Good planning, organizational and time management skills
* Ability to work independently and also to liaise with other Citco departments
* Hedge fund industry experience would be an advantage.

We offer you: a challenging job in a rapidly expanding international company, with a friendly and interesting place to work. There is the opportunity to expand your business knowledge with excellent prospects for a further international career in one of our worldwide offices. This is an ideal opportunity for candidates who wish to begin or continue their career in the funds industry.

If you are interested in this opportunity, please send your resume and cover letter stating salary expectations, via email to:

toronto-globalsecurities@citco.com

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