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Title:  Manager, US Sanctions Compliance

 

 

 

Requisition ID: 148933

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

 

The incumbent will support the U.S. Head of Sanctions in performing reviews of payments and Sanctions Advisory in accordance with the Bank’s policies and procedures related to sanctions compliance regulatory expectations. Furthermore, he or she will assist the US Sanctions Compliance team in enhancing the internal controls, policies, and procedures for the Sanctions Compliance Program. 

 

 

 

 

Is this role right for you? You will be responsible for:

 

 

 

  • Perform the second-set-of-eye review on all transaction and customer screening escalation reviews conducted by the investigators;
  • Ensure the KPI and KRI tracking and reporting is completed timely and accurately through performing his/her quality control reviews;
  • Conduct quality control review on the OFAC block and reject reports prepared by the investigators;
  • Assist with sanctions advisory review at client KYC onboarding and refresh stages; determine materiality of clients’ sanctions exposures; recommend risk mitigating controls to business lines; ensure the tracking log is properly updated and results are reported the US Head of Sanctions;
  • Ensure full adherence to the local procedures and operating manuals;
  • Assist with periodic review and updating of the policies, procedures and operating manuals;
  • Assist during regulatory exams and internal audits by supplying information in a timely and accurate manner;
  • Keep abreast of regulatory changes, industry best practices, and recommend changes to enhance procedures;
  • Develop positive and professional working relationship with other teams locally and in head office;
  • Perform ad hoc tasks as assigned.

 

 

 

 

Do you have the skills you need to succeed? We'd love to work with you, if you have:

 

 

 

  • Minimum 3-5 years of OFAC Compliance investigation experiences; Related consulting experience at prominent consulting firm (i.e. big four) is a plus;
  • Minimum B.A. in Business, Finance, or similar business related major;
  • Compliance Department experience a must;
  • Experience working in U.S. operations of foreign bank;
  • Experience with drafting policies and procedures;
  • Experience with OFAC Reject and Block reports filing;
  • Capable of addressing issues independently under high level guidance;
  • Can think “outside of the box” and make process improvement recommendations;
  • Adapt to a fast-paced, dynamic environment and be able to meet strict deliverable deadlines;
  • Previous experience fulfilling regulatory examination and audit requests;
  • Proactive learner and eager to advance professional skills;
  • Excellent attention to details and organizational skills;

 

Location(s):  United States : New York : New York City 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.


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