Manager, Global Sanctions & Screening - GSS Payments

Requisition ID: 250991

Salary Range: -

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

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.

What You'll Do

• 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.

What You'll Bring

• 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.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#Dallas

#GBM

Location(s): United States : Texas : Dallas

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.