Sanctions Enforcement and Exceptions

Montreal - Canada

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

The job posting is outdated and position may be filled

Job Summary

Overview:

TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail Banking and Services and Corporate and Institutional Banking

Position: Sanctions Enforcement and Exceptions

Location: Montreal QC H3A 2A6

Duration: 3 Months

Job Type: Temporary Assignment

Work Type: Onsite

Shift: 8.00AM-5.00PM

Job Description:

Business Overview:

Payments and Clearing Solutions (PCS) provides a full array of International and Domestic Cash Management Services (Customer Payments Financial Institution Transfers ACH and Check Collection Services) to our international and domestic banking customers and internal departments.
Additionally is responsible for a broad range of monitoring regulatory screening and reporting functions for operational control and end-of-day reconciliation.
PCS processes on a regional platform where a portion of the activity is processed in Montreal and a portion of Montreals activity is processed in New York.
This is being done for a number of reasons the most important of which is for business continuity and resiliency.
PCS is comprised of the following sub departments: Payments & Level 1 Sanctions Sanctions Enforcement and Exceptions Client Support Services PMO/Orga and Data Governance.
Sanctions Enforcements and Exceptions The group is responsible for addressing any escalations of messages that are identified as hits against the sanctions lists and manages those transactions through completion or escalate them to Level 3.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:

Results and Impact
Leadership and Collaboration
Client Customer and Stakeholder Focus
Compliance Culture and Conduct

Responsibilities:

Perform a Level 2 review of transactions that are referred to the OFAC Exception queue for potential sanctions violations.
Manage the OFAC Exception queues in order to ensure our deadlines are being met.
Conduct investigation on payments that need to be held for regulatory reasons pending additional information.
Conduct investigation on payments that are held by the next bank in chain for regulatory reasons.
Ensure adherence to all external regulatory and internal policy guidelines as dictated by the position.
Perform other support operations functions to other areas within the bank as required.
Review and analyze wire transfers ACH payments and non-payment SWIFT messages escalated by Level 1 for potential sanctions violations.
Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.
Monitor case investigations making sure that proper follow-up is being made and responses are being addressed in a timely manner.
Analyze information obtained from case investigations to make a clear determination on the proper course of action to be taken on the payment.
Validate file uploads to our filtering systems to ensure that list changes additions or deletions are updated to the systems accurately.
Add/modify/delete entities as requested by the USFS team
Ensure all payments comply with the group payment transparency policy.
Participate in the departments educational program through tutorials training sessions etc.
Ensure SEE operations are conducted in the safest and most efficient manner possible.
Maintain the highest possible regulatory standards of quality while minimizing risk to both the Bank as well as to our customers.
Make recommendation for procedural changes where deemed necessary.
Keep abreast of changes both regulatory and operational which will have an impact on the department and the Bank.
Work closely with the U.S. and Group Financial Services Legal and the Treasury in performing wire transfer searches or handling regular case investigations when deemed necessary.
Communicate with our customers and clients to expedite investigations.
Escalate complex case investigations to the Team Leader.
Extended hours/holidays may be required at times to meet operational needs.
Make direct contribution to the operational permanent control framework.
Prepare and analyze various reports as needed

Minimum Required Qualifications

Associate/BA degree from accredited college/university.
2 3 years experience in OFAC and Sanctions investigation.
Strong understanding of Regulatory awareness and the regulations that govern it.
Proficient knowledge and understanding of the OFAC processes and procedures.
Knowledgeable of Funds Transfer operations as well as the rules and regulations that govern it.
(This will include CHIPS Fedwire SWIFT LYNX and ACH).
Excellent communication verbal and written skills as well as attention to detail and accuracy.
Self-motivated and ability to multi-task in a high-volume and fast-paced environment.
The candidate must possess knowledge and basic understanding of MS Word MS Excel MS Outlook MS PowerPoint

Preferred Qualifications:

ACAMS/ACSS certified.

FINRA Registrations Required:

Not Applicable

TekWissen Group is an equal opportunity employer supporting workforce diversity.

Overview: TekWissen is a global workforce management provider headquartered in Ann Arbor Michigan that offers strategic talent solutions to our clients world-wide. Our client is a company who is a provider of banking and financial services. The company operates through two divisions Retail B...