Chief Compliance Officer – Citco Bank Canada

Risk & Compliance Toronto, Ontario


Chief Compliance Officer – Citco Bank Canada

Toronto, On


About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit

About the Team & Business Line:

Citco Bank Canada (the “Bank”) is a Schedule II bank regulated by the Office of the Superintendent for Financial Institutions Canada (OSFI).  Utilizing Citco Bank’s global real-time online platforms, institutional clients may access the following services:

Custody Services

Provides custody services for hedge fund investors. The Company provides the necessary infrastructure to investment managers to handle the administrative side of trading in underlying hedge funds. Company’s custody solutions allow clients to completely outsource, in an automated and controlled manner, their underlying investments in hedge funds.

Banking Services

Provides a full range of banking services for institutional (professional) clients, like hedge funds and funds of hedge funds, to manage their banking needs. This includes, but is not limited to, performing deposit services, wire transfers, and foreign exchange transactions.

Working with our team, you will provide critical support that helps the Bank meet the increasing regulatory and compliance requirements that shape the industry.


Your Role:

  • You will be reporting to the Citco Bank Canada Board of Directors Risk and Compliance Committee with a functional reporting line to the Executive Vice President Group Compliance.
  • Developing and maintaining enterprise compliance policies and procedures related to matters such as, but not limited to, Regulatory Compliance Management (RCM); Privacy; and Anti-Money Laundering and Anti-Terrorist Financing;
  • Act as designated officer” in accordance with anti-money laundering legislation and a “senior officer” (CAMLO) as defined in OSFI Guideline B-8, and is responsible for ensuring corporate-wide measures to combat money laundering and terrorist financing activity risks within the entire company are in place;
  • Designing, developing, implementing and maintaining the AML/ATF Program for the Bank;
  • Conducting enterprise wide educational sessions with respect to relevant legislation and regulatory guidance that is either in the form of mandatory training, or general training;
  • Ensuring that Canadian regulatory standards are met with respect to mandatory compliance-related training sessions;
  • Ensuring that self-assessments are completed by the business units and departments to test the controls in place adhere to legislative and regulatory requirements in addition to product specific regulations;
  • Providing specific training to and working with the business to ensure that they are aware of the Canadian regulatory and reporting obligations;
  • Monitoring amendments to regulation and monitoring new regulations and legislation and reporting such developments to the business and executive management, when appropriate;
  • Monitoring trends and developments in international regulatory and risk based best practices and approaches. Responding to internal audit requests and responding to and liaising with external regulators, if appropriate, and as required;
  • Perform Compliance monitoring and testing activities and report to the banks Board of Directors
  • Promoting privacy policies and practices and investigating and resolving incidents of privacy breaches, when necessary;
  • Researching legal and regulatory issues for business units and providing guidance and assistance to business units and departments. Serving as a resource for compliance related questions that arise from a variety of sources; and
  • Facilitating Canadian federal and provincial filings to ensure that regulatory licenses and filing of corporate information is provided to regulators and governmental authorities.


About You:

  • You have You have a minimum of 10+ experience in the Canadian banking and investment fund industry with a focus on institutional clients.
  • You have a bachelor's degree; an advanced business or law degree is preferred.
  • You have experience leading a Compliance function for a regulated Canadian bank and have proven your ability to develop and implement Compliance solutions that are pragmatic, effective and forward-looking.
  • You have in-depth knowledge of Canadian AML and CTF legislation, including experience dealing with Canadian regulators like OSFI and FINTRAC.
  • Good working knowledge of applicable securities legislation in Canada and the US and related compliance procedures.  Familiarity with United States regulatory requirements is a plus (e.g., SEC, NFA, CFTC).
  • You are able to deal effectively with investment personnel and understand a variety of complex investment products, like hedge funds.
  • Knowledge of industry best practices regarding compliance matters
  • Excellent verbal, written, and interpersonal communication skills
  • Strong critical thinking and analytical skills with high attention to detail and accuracy
  • Ability to prioritize work, meet deadlines, achieve goals, and work effectively under pressure in a dynamic and complex professional environment with many time-sensitive deliverables
  • Ability to develop and manage business relationship


Our Benefits

Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.


We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.