Sanctions Payment Screening Analyst

**Requisition ID**: 159587 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose The incumbent supports the mandate of 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. Accountabilities - 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. Education / Experience - 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; - 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. Working Conditions - Work in a standard office-based environment; and - Operates 24/5 consisting of three shifts and during all statutory holidays. **Location(s)**: Canada : Ontario : Mississauga 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.