Manager, Solution Delivery and Application Support, Transaction Screening

Scotiabank • Toronto, ON

1d • Onsite

About The Position

The Transaction Screening team is a risk management function responsible for the governance of sanctions screening solutions globally, enterprise wide. The team leads and oversees the Global Sanctions Program’s screening management functions, ensuring coverage assessments, tuning methodology, rules governance framework, and screening standards are developed, executed, and maintained in compliance with governing regulations, internal bank-wide policies, and procedures. The Business Solutions Expert provides subject matter expertise in securities screening and leads enterprise-wide coverage assessments across multiple screening pillars, including payments, trade finance, and securities.

Requirements

• Minimum bachelor’s degree in business, law, engineering, or related field.
• Minimum 3 years in financial services sector.
• In-depth knowledge of regulatory requirements with respect to sanctions.
• Strong communication, analytical, organizational, project management, and planning skills.
• Advanced skills in Microsoft Office suite, including Access, Excel, Project, Visio and PowerPoint.
• Knowledge of business, products, operations, systems, and organization for financial services sector

Responsibilities

• Support the sanctions screening solutions management function globally, enterprise-wide
• Ensure stability and effectiveness of the Transaction Screening application ecosystem and all aspects related to the end-to-end flow of transaction screening
• Provide complete oversight, guidance and delivery of payment-related projects in scope for Sanctions transaction screening. This entails all facets of project delivery from solution design, impact assessment, requirements, development, testing, operational readiness and postimplementation support.
• Create and/or maintain framework documents, including tuning methodology, rules governance framework, screening standards, and other documentations involving sanctions screening systems and processes
• Develop a tracking mechanism for documentation owned by Transaction Screening Solutions Delivery team, and facilitate periodic updates and approvals to the documentation
• Develop deep understanding and subject matter expertise of sanctions screening systems, system capabilities, and relevant processes, as well as product knowledge for payments and trade finance transactions
• Develop and document business requirements for sanctions screening solutions for payments and trade finance transactions
• Develop and maintain an issues log and track issues to closure for each of the sanctions screening systems
• Provide support to the Model Validation team to ensure the success of the annual model validation efforts for sanctions screening systems
• Provide input to the Models & Analytics team to ensure the success of the analytics/reporting and tuning efforts for sanctions screening systems
• Facilitate the testing and management reporting on the efficacy and efficiency of the systems
• Provide support to the efforts of operationalizing Risk Tolerance Frameworks for sanctions screening systems and process; support ongoing tuning effort to review and opine on tuning recommendations, business rules, fuzzy logic exceptions, and etc., and facilitate the documentation and approval process
• Consider risk-based approach in decision-making process and support risk-based approach culture throughout the Global Sanctions Program
• Contribute to the preparation of regulatory examinations or internal audit engagements in a timely manner
• Support the management of Sanctions Risk Appetite Framework; develop a deep understanding of the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Lead and drive a customer focused culture and deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Contribute to a high-performance environment and implement a people strategy that will attract, retain, develop and motivate their colleagues by fostering an inclusive work environment, communicating vision/values/business strategy and managing succession and development planning for the team and colleagues.
• Create and foster an environment in which his/her colleagues pursue effective and efficient operations, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

Benefits

• A competitive compensation and comprehensive benefits plan.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager