Assistant Manager

The Role

The Assistant Manager, Trade Finance Risk Control is responsible for supporting the Trade Finance Operations (TFOs) for Canada, New York, UK, Ireland, Trade & Supply Chain Finance, and any other Trade Center in all Know Your Customer (KYC) /Due Diligence (DD)/Enhanced Due Diligence (EDD) for escalated Trade Finance & Supply Chain transactions processed by the TFO, ensuring the Policy and Procedures related to Trade Finance & Supply Chain Finance transactions and other related KYC/DD/AML/ATF, transaction monitoring P&P are implemented and followed by TFOs, in order to minimize reputational and compliance risks and to meet the regulatory requirements related to Trade Finance & Supply Chain Finance transactions.

Is this role right for you? In this role, you will:

• Authorizing escalated transactions based on Know Your Customer (KYC) / Due Diligence (DD)/Enhanced Due Diligence (EDD).
• Ensuring the policy and procedures are implemented and followed by the TFOs employees.
• Minimizing reputational and compliance risks, and to meet the regulatory requirements related to trade finance & supply chain finance transactions.
• Authorizing trade transactions escalated by TFO, based on risk assessment, including AML/ATF, reputational, compliance and regulatory risks.
• Interpreting established policies/procedures and international trade rules, regulations and practices, providing advice and counsel with respect to potential red flags and mitigation of AML/ATF risk in trade transactions.
• Working with the Senior Manager, Trade Finance Risk Control with respect to changes in operating AML/KYC policies and procedures applicable to trade finance products.
• Assist in performing quality testing/post transaction reviews of trade finance transactions.
• Acting as a backup for other team members within the department.
• Deliver an excellent level of customer service and contribute towards solving customer problems.

Effectively mitigate the risks associated with all escalated trade finance & Supply Chain Finance transactions by:

• Reviewing, analyzing and approving the trade finance transactions processed in the Global Trade Platform T360 and assigned to the Compliance Q’s (Can EDD comp and Compliance CAN) or escalated directly on email, in order to effectively mitigate the ML/TF/Sanctions risks associated with the escalated trade finance transactions.
• Clearly and confidently providing guidance to the TFOs, Relationship Managers and Sales teams and other internal or external contacts in relation to KYC, Due Diligence (DD), Enhanced Due Diligence (EDD), AML, ATF, Sanctions, and the regulatory requirements related to all Trade Services instruments.
• Maintaining a high level of awareness in global trade related matters.
• Escalating issues to management as appropriate.

Record, Monitor and report compliance related issues by:

• Working in partnership with Global AML- GBM, Trade Finance Operations, GTB Internal Control, First Line Testing, GSS to report on compliance related matters.
• Preparing and submitting to the Financial Investigations Unit (FIU) the Unusual Transaction Reports (UTRs), as required.
• Keeping record of all the escalated transactions and create database to spot trends from AML perspective.
• Assist in performing the quality testing/post transaction review of trade finance transactions.

Assist in Developing, maintaining and implementation of Policy and Procedures by:

• Making recommendations for changes/updates to the KYC/DD/EDD /AML/ATF Policy & Procedures for Trade Finance.
• Preparing/updating department procedures.

Effectively contribute to the Trade Services client experience by:

• Responding promptly and expertly to TFOs inquiries, issues, developing workable solutions, ensuring all related issues are resolved in a timely, accurately and effective manner or escalated to Management as required.
• Maintaining confidentiality of Bank and customer information.
• Maintaining a very good knowledge of the Bank’s domestic and international compliance P&P and regulations related to trade finance business (e.g. OSFI, Basel, Wolfsberg, BAFT, the Bank Secrecy Act, etc.) and AML/ATF aspect of trade finance by gathering information in the context of international trade operations,and provide guidance and update to all staff in the TFOs when necessary.

Contribute to the effective functioning of the team by:

• Supporting various administrative functions to maintain the operations of the department including but not limited to filing, record maintenance, regular activities, acting as backup for other team members of TFRC etc.
• Actively participating and contributing in creating/updating training program on trade based money laundering and other topics.
• Building effective working relationships across the team and with various business. lines/departments within the bank.
• Assist in preparation/submission of reports.
• Maintaining a high level of customer service.
• Facilitating a cu