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Job Description
What is the opportunity?
The Global Economic Sanctions (GES) team is a unique function within the Financial Crimes that provides support to Global AML Compliance teams and Business Units at an enterprise level for Canadian, US, UK, EU/Europe, APAC and Caribbean Economic Sanctions.
What will you do?
Act as a subject matter expert at the enterprise level for Canadian, US, UK, EU and Global Economic Sanctions; Complete sanctions Inherent Risk and Control Assessments (IRCA) accurately within specific time frames, with sanctions rating adequately reflect the control environment; Validate large amount of quantitative data which feeds into the IRCA to calculate quantitative risk rating, and conduct quality assurance review on qualitative risk questionnaire and control questionnaire to provide 2nd line challenges on the adequacy and effectiveness of the controls; Keep information contained within the Regulatory Compliance Management (RCM) tool complete, accurate and up to date for various jurisdictions. This includes all related sanctions regulations and controls; Maintain/track the regulatory change process including documenting new and/or amended regulations as well as the impact assessment and the additional actions required; Collaborate with MLROs, Regional AML Compliance Heads, and Local AML Compliance to support the IRCA and RCM processes; assess and review sanctions policies and procedures developed by global business units and/or local compliance teams; review and recommend amendments to the enterprise sanctions policy based on knowledge of the global sanctions environment.
What do you need to succeed?
Must-have
- 2+ years proven Financial Industry Compliance or legal Experience (the latter in-house or external).
- University Degree in law, finance/business, or engineering.
- Strong data manipulation, analysis and validation skills, including high proficiency in Microsoft Excel (e.g. pivot table, complex formula, VBA etc.)
- Strong skills in Microsoft PowerPoint (e.g. creating charts/graphs for executive reporting etc.)
- Ability to conduct research, as well as analyze and understand large volume of sanctions regulations.
- Ability to thrive in a high-pace and high-pressure working environment.
Nice-to-have
- Canadian or international legal training with an undergraduate or graduate degree in law.
- Lawyer or Management Consultant with experience in Regulatory Compliance, AML or Economic Sanctions.
- Previous sanctions compliance experience in Financial Institution.
- Called to the Bar in Canada or in local jurisdiction (for foreign-trained lawyer).
- Master of Business Administration.
- CAMS or CSS certification.
- Proficiency in coding (e.g. Python).
What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions.
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Flexible work/life balance options
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
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