Requisition ID: 129841
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
This position will assist the Senior Manager, Global Sanctions Governance and Reporting Lead to manage the Global Sanctions Reporting-related functions as well as sanctions governance matters. The incumbent will gather, analyze, verify, and input data/information received from various Bank-wide employees and prepare reports pursuant to the relevant regulatory and Committee requirements. The incumbent will also perform data entry/mining, queries, creates, and distributes reports. This position will effectively contribute to the overall success of Financial Crimes Risk Management (FCRM) and Global Sanctions globally by ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives. All activities will be conducted in accordance with governing regulations, internal policies, and procedures.
The incumbent will support Senior Manager, Global Sanctions Governance and Reporting Lead and primarily oversee the Global Sanctions reporting related functions, which include, but are not limited to:
Research & Reporting:
Conduct research, analysis, and report on regulatory changes, where gaps have been noted to ensure Senior Management is kept abreast of applicable sanctions rules and policies.
Gather, distill, and analyze information from relevant stakeholders and prepare reports for numerous Committees, fora, Board and Senior Management.
Conduct quality assurance of information received prior to finalizing bi-monthly, monthly, quarterly, and annual reports and submitting to Management.
Identify patterns arising from stakeholders’ updates and prepare statistical trends analysis reports.
Collaborate with business teams and recommend optimal solutions for an efficient and effective reporting process.
Confer with Team Lead to respond to questions and concerns from various units within the Organization in a timely manner.
Stay abreast of changes in reporting needs to make updates to standard reports and support in ad hoc requests.
Produce management information reporting as required by the Team Lead.
Work closely with IT and other colleagues to develop sanctions reporting requirements and tool for the roll-out of a user-friendly tool for Sanctions teams, including ensure consistency of documentation and reporting tool.
Support ongoing Team Lead’s work and streamline existing processes and strengthen controls.
Assist the Team Lead to implement enhancements for and controls on the Sanctions Reporting processes, including incorporating all relevant regulatory obligations based on Change Management/Governance recommendations and new legislation as provided by the Sanctions subject matter experts (SMEs).
Identify key deliverables and milestones and update/develop corresponding scope documents, project/action plans and traceability matrices.
Identify and escalate issues that are not addressed by current policies or standards, suggest possible solutions, and assist in implementing such solutions.
Provide subject matter expertise and guidance with regard to Sanctions laws/regulations/guidance to business and other Bank staff.
Keep abreast of the global sanctions landscape, with particular focus on the U.S. and Canada sanctions laws and regulations.
Support Sanctions compliance management to develop action plans and track governance strategic initiatives.
Provide support as needed and required.
Operates independently within guidelines, policies, directives and established precedence
Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
Develops, manages, and implements a risk-based approach and culture
Ensures the adherence to the day-to-day business controls to meet obligations with respect relevant frameworks, guidelines, and professional conduct
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Champions a high-performance environment and contributes to an inclusive work environment.
Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Experience / Education:
Bachelor's Degree or equivalent; Graduate degree in international relations, international law, public policy, economics, finance, and related fields a plus.
Minimum 3-5 years in governance, reporting, program and/or change management, or other related function in financial services.
Previous relevant experience in financial services or similar industry in compliance, legal or project management function, working with policies and procedures, group governance and/or organizational management.
Strong analytical, research, data interpretation, planning, and documentation skills.
Familiarity with monitoring and evaluation (M&E) and quality assurance processes.
Organized, detail- and results-oriented and structured work style, with the ability to work calmly under pressure.
Excellent oral and written communication, documentation, and presentation skills.
Able to prioritize and deliver according to strict timelines and quality standards.
Collaborative working style in a team setting, who can also work well independently and is solution oriented.
Strong work ethic, diligent, efficient, mature approach to work and a strong willingness to learn and take on new challenges.
Sound geopolitical knowledge is highly preferred.
Excellent knowledge of Word, Excel, PowerPoint, Vision, Design Structure matrix, SPSS, etc. to produce translatable data analytics.
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. 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.