Skills

Communication Swift Monitoring Analytical Skills Recruitment

Job Specifications

Job Title: Business Associate, KYC

Location: Toronto, Ontario

Job Type: Full-time, Permanent

Job Summary:

We are seeking a detail-oriented Business Associate, KYC to support the Bank's Financial Institution (FI) client onboarding and monitoring process. This role involves conducting KYC/due diligence reviews, handling AML-related tasks, maintaining counterparty records, and assisting with internal credit limit applications. Ideal candidates will have experience in institutional KYC/AML, strong communication skills, and knowledge of cross-border FI relationships.

What You Will Do:

Conduct comprehensive KYC and due diligence reviews for FI clients and counterparties
Perform periodic reviews, trigger events, and enhanced due diligence (EDD) for high-risk clients
Maintain accurate counterparty relationship records, including PEP and sanctions checks
Handle AML/KYC requests and RFIs from financial institutions
Support the credit limit application process, including financial data gathering
Assist with annual credit rating renewals and internal compliance reviews
Contribute to the enhancement of internal KYC/AML procedures
Participate in regulatory exams and audits, providing required documentation
Prepare regular and ad hoc reports on due diligence and relationship status

What You Bring to the Table:

Bachelor's degree in Business, Economics, Finance or related field
2-3 years of experience in KYC, AML, or FI due diligence, preferably in corporate/institutional banking
Strong understanding of AML compliance frameworks, KYC standards, and SWIFT RMA relationships
Excellent interpersonal, communication, and analytical skills
Mandarin Chinese is an asset
Familiarity with local banking operations preferred

Bank of China (Canada) is committed to fostering an inclusive workplace where diversity is valued. We encourage qualified candidates from all backgrounds to apply. Please note that only candidates selected for further consideration will be contacted.

Accommodation: Bank of China (Canada) is committed to providing accommodations throughout the recruitment process. If you require any accommodations, please contact the HR team, and we will be happy to assist.

About the Company

Bank of China Limited established its Toronto Representative Office on September 8, 1992. Bank of China (Canada) (BOCC), a wholly owned subsidiary of Bank of China Limited, incorporated in Canada as a Schedule II Bank, officially started its operation on May 18, 1993. Currently, BOCC is a member of the Canadian Bankers Association, Canadian Payments Association, Canada Deposit Insurance Corporation ("CDIC"), Canada-China Business Association as well as a member of Canada China Business Council (CCBC). Since its inception, an... Know more