Senior Compliance Officer Sanctions
Senior Compliance Officer Sanctions
Posted on :
10-04-2025
Employer Active
1 Vacancy
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Job Description
Join a Challenger
Being a traditional bank just isnt our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options and we challenge ourselves and our teams to creatively transform whats possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If youre not afraid of taking on big challenges and redefining the future you belong with us. Youll get to work with people who will encourage you to reach new heights. We like to keep things fun ask questions and learn together.
We are a big (and growing! family. Overall we serve more than 670000 people acrossCanadathrough Equitable BankCanadasChallenger Bank and have been around for more than 50 years. Equitable Banks whollyowned subsidiary Concentra Bank supports credit unions acrossCanadathat serve more than six million members. Together we have over$125 billionin combined assets under management and administration with a clear mandate to drive change in Canadian banking to enrich peoples lives. Our customers have named our EQ Bank digital platform eqbank one of the top banks in Canada on the Forbes Worlds Best Banks list since 2021.
The Work
The Senior Compliance Officer Sanctions is responsible for ensuring the Banks compliance with international and local sanctions regulations such as those set by Global Affairs Canada the Office of Foreign Assets Control (OFAC) the United Nations (UN) the European Union (EU) and other relevant regulatory bodies. This role involves investigating potential sanctions violations advising business units on sanctionsrelated risks conducting sanctions screening and sanctions risk assessments and ensuring that internal policies and procedures align with regulatory requirements. The officer will also play a key role in sanctionsrelated training reporting and interaction with regulatory authorities where applicable.
The Senior Compliance Officer Sanctions reports to the Associate Director AML EDD in managing the Banks sanctions risk.
The Core Responsibilities!
- Supports the Associate Director AML EDD in the implementation oversight and management of an effective sanctions program.
- Review highrisk transactions involving sanctioned jurisdictions or entities and provide guidance.
- Analyze and investigate escalated possible matches against sanctions lists.
- Perform sanctions screening on transactions clients and counterparties to identify potential compliance risks.
- Provide guidance to Business Units regarding sanctions risks and regulatory expectations.
- Develop and deliver training programs to educate employees on sanctions compliance.
- File relevant reports such as Sanctions Evasion Reports and Listed Person or Entity Property Reports to FINTRAC.
- Support the development and enhancement of sanctions compliance frameworks policies and procedures.
- Collaborate with various teams and departments to integrate sanctions compliance into all relevant business processes.
- Conduct periodic reviews of the Banks sanctions compliance program to identify potential weaknesses or vulnerabilities and develop mitigation plans.
- Manage and support special projects and ad hoc initiatives to enhance the sanctions compliance program.
- Stay up to date with changes in sanctions regulations emerging trends and best practices and assess their impact on the Banks operations.
Lets Talk About You!
- A bachelors degree in law Finance Business or a related field.
- A minimum of three 3 years of experience in the Canadian financial services industry with a focus on sanctions compliance financial crime compliance or regulatory compliance.
- Strong knowledge of Canada and international sanctions frameworks (e.g. OFAC UN EU UK).
- Experience in transaction reviews sanctions screening and sanctions risk assessment.
- Familiarity with compliance screening tools such as WorldCheck.
- Excellent analytical risk assessment and research skills for the purposes of reaching reasoned and sound conclusions with arguments that support the decision reached.
- Ability to successfully handle multiple competing priorities.
- Detailoriented with strong time management skills to ensure timely completion of tasks.
- Complex information clearly and concisely.
- Proficient in Microsoft Office (Word Excel and PowerPoint).
- Relevant certifications such as Certified Global Sanctions Specialist (CGSS) and/or Certified AntiMoney Laundering Specialist (CAMS) are advantageous.
- Knowledge of French an asset.
What we offer For fulltime permanent roles
Competitive discretionary bonus
Market leading RRSP match program
Medical dental vision life and disability benefits
Employee Share Purchase Plan
Maternity/Parental topup while you care for your little one
Generous vacation policy and personal days
Virtual events to connect with your fellow colleagues
Annual professional development allowance and a comprehensive Career Development program
A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience
The incumbent will be working hybrid and in office time will be spent working from Equitable Banks additional office space located at 351 King Street East Toronto ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyones diverse experiences and perspectives. In tandem with that commitment we support and encourage our staff to grow not just in their career path but personally as well.
We commit to providing a barrierfree recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond.All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We cant wait to get to know you!
Required Experience:
Senior IC
Employment Type
Full-Time
Key Skills
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