Title:  Senior Analyst Payment Screening, Level 1

Requisition ID: 255065 

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

The Senior Analyst supports the mandate of Global Compliance & AML with the assessment of payment/message alerts to identify and escalate those that are a potential match against the screened lists for a sanction concern. The Sr. Analyst works closely with the Level 2 Payment Screening team and other internal business units including Global Business Payments, FCRMT, and IB subsidiaries.

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

•  Assist in ensuring the Bank is compliant with sanctions regulatory obligations to identify and escalate alerted payment/message activity by:

• Review and analyze sanction screened alerted payment/messages to release those concluded as a clear false/positive match and escalate to Level 2 Payment Screening those concluded as a potential match.
• Review, analyze and capture payment/message detail into the Case Management Tool (CMT) for further escalation to Level 2 as applicable.
• Review and action within CMT as applicable, payment/messages actioned and dispositioned by Level 2.
• Obtain and maintain proficiency with current and relevant sanction programs, laws, regulatory requirements, and industry best practices.
• Level 1 Payment Screening operate 24 hours, 6 days a week. The incumbent will need to be able to work shifts (day, evening, night) depending on the business needs.

• Assist in mitigating risk to the Bank by:

• Preparing alert & case analysis for review by having well-written reports  
• Providing superior service and support to business units as a sanction payment screening SME.
• Develop and maintain sound knowledge and understanding of and relevant sanction programs, laws, regulatory requirements, and industry best practices.
• Stay informed of industry trends and typologies by participating in sanction training sessions and accessing industry resources.

•Contribute to Global Compliance & AML productivity and service by:

• Achieving optimum service levels by promptly managing assigned alerts/cases within SLA and ensuring the breadth and depth of review activities are commensurate with the risk-based approach and in accordance with documented procedures.
• Actively identifying opportunities for process and system improvements and participate as appropriate in the implementation process.
• Identifying and sharing emerging risk factors and trends that may impact sanctions exposure.
• Responding promptly to requests and concerns from internal partners.
• Adhering to the Bank’s Guidelines for Business Conduct.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Requires a high level of attention to detail.
• Ability to thrive in a fast-paced environment.
• Strong analytical skills to make rational and logical interpretations and determine whether there are grounds for investigation, at times with limited information.
• Knowledge of the Scotiabank Group Sanctions policies and procedures and Canadian and USA sanction regulations, along with sanction and regulatory standards in international jurisdictions in which Scotiabank does business.
• Good knowledge of Scotiabank’s products, services and operational policies and delivery systems.
• Thorough knowledge of the systems and applications that support the Unit’s processes.
• Ability to gather, analyze, organize, document and present information in a succinct and organized manner.
• Strong communication, both written and verbal.
• Strong interpersonal skills, with the ability to adapt to an agile, collaborative and cohesive environment.
• Post-secondary education and/or a minimum of 3-5 years of banking experience preferably within the sanction environment and/or payment operations; 
• Certified sanctions specialist designation is an asset.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.