Sanctions Enforcement Specialist (x2)
Job Location : Montreal, QC H3A 2A6 Fully on-site Monday to Friday, 8 hours
Position Type : Contract (6 months)
Pay Rate: $30 - $35/hour

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 US activity is processed in Montreal and a portion of Montreal’s 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 and manage the 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 and monitor case investigations to make sure that proper follow-ups are 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.
- 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.
- Ensure that all transactions escalated for Level 2 review are compliant to all external and internal regulations and policies.
- Validate vender added file uploads to our filtering systems to ensure that list changes, additions or deletions are updated to the systems accurately and add/modify/delete entities to the local list as requested by the USFS team
- Ensure all payments comply with company group payment transparency policy.
- Make direct contribution to operational permanent control framework.
- Prepare and analyze various reports as needed
- Make recommendation for procedural changes where deemed necessary.

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 quick-paced environment.
- The candidate must possess knowledge and basic understanding of MS Word, MS Excel, MS Outlook, MS PowerPoint

Preferred Qualifications:

- ACAMS/ACSS certified.

AI-enabled tools may be used to sort applications based on job-related criteria. All AI generated results are vetted by our team and the decision of which candidates move forward is always made by a human.

How to apply:
Click the “Apply to Job” button and follow the instructions to submit your resume or email it to the lead recruiter Vanessa Gotha [email protected]

About BITS Recruiting:
For 35 plus years BITS Recruiting has been at the forefront of providing top level technology professionals to our clients across the Greater Toronto Hamilton Area, Canada and beyond. BITS specializes in technology professionals but looks to fill all professional roles that help expand and grow our client’s business and advance our candidates careers. Remaining at the forefront of providing staffing solutions has been no easy task for us, that why we depend on top caliber candidates like yourself and our team of business development managers to provide you with the opportunities to work with leaders within the IT realm to meet your aspirations. As proof of our continued success, BITS places candidates with leaders in the public and private sectors and continuously remains a vender of record with large organizations across the country.

Learn more by visiting us at www.bitsrecruiting.com.

BITS123

📌 Sanctions Enforcement Specialist (Canada)
🏢 BITS Recruiting
📍 Canada