Title:  Manager, Global Sanctions & Screening - GSS Payments

Requisition ID: 253807 

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

The Manager, Global Sanctions & Screening – GSS Payments contributes to the overall success of the Global Sanctions & Screening team by ensuring specific individual goals and initiatives are delivered in alignment with the Bank’s Sanctions Compliance Program. This role is responsible for conducting sanctions risk assessments of payment escalations ensuring adherence to the Bank’s policies and procedures and maintaining compliance with sanctions regulations enforced by Canada and the United States.

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

• Support the GSS Payments review function by performing Level 3 sanctions investigations on live payment escalations, accurately interpreting relevant sanctions regulations, and providing precise and justified dispositions.
• Act as a subject matter expert for sanctions-related matters and provide guidance to the Bank’s payment screening operations teams and all Business Lines in relation to all payment screening initiatives. 
• Perform sanctions reviews and root cause analysis of downstream rejected/blocked payments to identify and escalate process deficiencies and recommend risk mitigating controls. 
• Identify opportunities to enhance the payment screening and escalation processes, ensuring they remain consistent with the Bank’s risk tolerance.
• Ensure the Level 3 Central OFAC Activity Log (COAL) tracking and reporting is completed timely and accurately.
• Identify and make recommendations of potential name additions to the Bank’s internal transaction screening list. 
• Support the team in managing the ransomware notification mailbox by reviewing ransomware escalations and potential ransomware related payments.
• Build strong partnerships with Business Lines and other key stakeholders and work collaboratively across functional teams to resolve open sanctions issues in a timely manner.
• Assist with Lookbacks reviews as needed.
• Assist with periodic review and updating of 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.
• Perform ad hoc tasks as assigned by the Senior Manager or Director. 

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Bachelor’s degree with 3 - 5 years of sanctions compliance experience.
• Extensive knowledge and understanding of Canadian and U.S. sanctions laws and regulatory expectations. Knowledge of UK and EU sanctions a plus.
• Experience in payment investigations or comprehensive understanding of SWIFT payments and trade finance transactions.
• Proven ability to assess, identify and mitigate risks related to sanctions compliance.
• Experience with OFAC Reject and Block reporting is preferred. 
• Strong attention to detail and organizational skills.
• Excellent written and verbal communication skills.
• Strong analytical, problem-solving, critical thinking and time management skills.
• Experience working in U.S. operations of foreign financial institutions.
• Experience with drafting policies and procedures.
• Ability to work independently and collaboratively across teams.
• Previous experience fulfilling regulatory examination and audit requests a plus.
• Proficient in MS Office (Word, Excel, PowerPoint, Outlook) and related productivity tools.
• AML/ATF/Sanctions-related professional designation (e.g. CGSS, CSS, CAMS) a plus.

What's in it for you?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

Location(s):  Canada : Ontario : Toronto 

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.