As an Export Credit Agency, Export Development Canada (EDC) helps Canadian companies of all sizes succeed on the world stage. With this goal in mind, EDC aims to increase trade opportunities in the Indo-Pacific region through growing our local presence in Singapore with a variety of locally offered services.
At EDC, we view Environmental, Social and Governance (ESG) as a competitive advantage for ourselves and our customers. Through our deep subject matter expertise, we are able to support organizations of all sizes to evolve their responsible business practices as a means of improving their competitive position. Currently, our ESG team all reside in Canada, but we strongly believe hiring a local presence in Singapore will allow us to accelerate the impact we can have in the Indo-Pacific region through local expertise and timely support.
EDC is seeking a motivated and resourceful person to join our Environmental Social and Governance – Customer Success team (ESG CS) as a Senior Risk Advisor – Financial Crimes. As part of the first line of defense (1LD), our team is responsible for helping fulfill EDC’s commitments to conduct business in a responsible and ethical manner and integrate our ESG values into the business we do. With local presence in the market, the ideal candidate will combine Financial Crimes risk management expertise with strong relationship building and customer engagement skills. Being an integral part of the business team, the Senior Risk Advisor - Financial Crimes will be expected to build relationships with our partners and customers based in the Indo-Pacific region and identify opportunities for working collaboratively on ESG risks and opportunities in the market. The Senior Risk Advisor – Financial Crimes will also be responsible for conducting enhanced due diligence on the business we support for our customers in the Indo-Pacific region.
This is an opportunity for an individual who is a self-starter thrives in a dynamic team environment and is motivated to work directly on the ever-evolving Financial Crimes risks in the financial sector.
Key Responsibilities
- Works with in-market teams to manage key relationships through providing Financial Crimes expertise and resources to help create competitive advantage for customers and partners.
- Educates and provides guidance to deal teams and colleagues as it pertains to local and global best practices pertaining to the changing landscape of Financial Crimes.
- Leverages in-depth knowledge of EDC products and internal network to build a risk-aware culture and improve process efficiencies/effectiveness.
- Independently leads complex financial crimes risk analysis for business transactions and relationships, presents findings and recommendations to business teams and management committees.
- Reviews and assesses information from open and non-public sources to identify financial crimes and reputational risks associated with transaction counterparties.
- Reviews the risk management system and controls of counterparties and other mitigating factors and assesses the residual risk.
- In collaboration with Legal and/or Compliance & Ethics as appropriate, conducts in-depth due diligence and customer engagement.
- Helps business teams make informed decisions by clearly articulating potential legal, financial, compliance, or reputational impacts to EDC in complex transactions, relationships or product innovations.
- Communicates effectively with customers and other external audiences regarding EDC’s approach to managing financial crimes risks.
- Stays abreast of trends and best practices in financial crimes risk management to contribute to the team’s expertise and knowledge building initiatives.
- Pro-actively identifies process efficiencies and standards and leads process optimization and scalability initiatives.
- Advises on the implementation of EDC’s Financial Crimes program and related process and systems improvements for existing products and new product innovation.
- Completes quality control reviews of colleagues’ work, delivering clear verbal and written feedback and informal coaching or training as required.
- Communicates the Financial Crimes risk issues and mitigations effectively, both verbally and writing
Screening Criteria
- University Degree in Business Administration, Accounting, Law, Political Science or other related field.
- Minimum 7 years’ experience in Financial Crimes compliance and/or enhanced due diligence, specifically as it relates to compliance and ethics programs, third-party/vendor screening programs or customer onboarding programs.
- Demonstrated ability to build and manage relationships with customers and stakeholders.
- Demonstrated knowledge of best practices related to the design and implementation of ABC and Sanctions Compliance Programs, including Code of Conduct, Global Sanctions and/or Anti-Corruption Policy & Procedures, risk assessments, employee training, communications, third-party due diligence, monitoring, and reporting.
- Proven experience in preparing written reports on financial crime risks associated with high-risk business relationships and/or transactions, as well as presenting recommendations to senior management on mitigation measures required to address potential legal, compliance, and reputational impacts.
- Familiarity with incident/issue management approaches in the context of high-risk business relationships and/or transactions, including but not limited to audit, remediation and/or monitoring best practices.
- Strong ability to adapt general risk management and financial crime compliance principles to unique and complex transactions and/or customer needs.
- Familiarity with Anti-Corruption/Sanctions compliance clauses (Representations, Covenants and Warranties) in contracts.
- Thorough knowledge of Anti-Corruption, Anti-Money Laundering, Terrorism Financing and Sanctions regulations
- Exceptional written and verbal communication skills , including proven experience presenting recommendations to senior management.
- Excellent organizational skills including prioritizing and juggling competing priorities, collaborating and coordinating input from cross-functional teams, and meeting deadlines in a fast-paced work environment.
- Experience with project management, multi-tasking and interacting with multiple stakeholders.
- Ability to work in a matrix organization and wiliness to accommodate different time zones
- Ability and wiliness to travel up to a quarter of your working hours.
Assets
- Proficiency in local Indo-Pacific language(s).
- Professional certification such as CAMS CFE, CFF, CFCS etc.
