Sanction Payment Screening Analyst
3 months ago
Requisition ID: 206283
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Sanction Payment Screening Analyst supports the mandate of Anti-Money Laundering (AML) Operations 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 Analyst works closely with the Level 2 Sanctions 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 Sanctions Payment Screening operate 24 hours, 5 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 preparing 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 AML Operations 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? We’d love to work with you if you have experience with**:
- Post-secondary education and/or a minimum of 3-5 years of banking experience preferably within the sanction environment and/or payment operations; and
- Certified sanctions specialist designation is an asset
- 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
- 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
**What's in it for you?**
- In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed
- You'll be part of a diverse, collaborative, innovative, and high-performing team
- We offer a competitive rewards package:
- Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
- Health Benefits from day one
- You will relish work-life balance, team events, and opportunities to participate in the community.
- 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.
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