Requisition ID: 191560
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Contributes to the overall success of the UK and SIDAC GBM Onboarding by providing subject matter expertise on AML, KYC and Sanctions to the onboarding team and business, assessment of high-risk matters escalated for review and supporting adaptation and roll out of new policies and regulations.
Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
Accountabilities
- Contributes to a positive risk culture and ensures day-to-day activities and decisions are undertaken in accordance with the Bank’s risk appetite.
- Pursue effective and efficient operational delivery, applying day-to-day procedures and business controls with respect to operational risk, regulatory AML/ Sanctions risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory AML Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
- Provide accurate and timely PEP, AML, and Sanctions advice to GBMO team to support their effective completion of GBM KYC CDD/EDD processes.
- Review the KYC EDD/Specialized-EDD processes completed and escalate to the Director First Line AML for approval including for High-risk clients.
- Support development and delivery of effective AML and Sanctions training to business lines and GBMO staff when requested by the Director First Line AML.
- Report to the Director First Line AML in the timely management and completion of all governance processes in accordance with enterprise procedures and reporting requirements.
- Develop, maintain, and publish metrics for senior management and regulatory reporting.
- Collaborate with GBM business lines, AML 2nd Line, Compliance and internal stakeholders to develop and maintain robust processes and procedures. Work with team members and stakeholders to implement new procedures to meet and exceed internal/external audit standards.
- The above list of accountabilities is not limitative and other tasks can be added upon the Team activities needs.
Dimensions
- Supports UK and SIDAC for development and implementation GBM policies and procedures.
- Uses World-Check, Factiva and open source searching to support research and investigation on adverse media, sanctions exposure and PEP
- Uses Fenergo to research existing client relationships, case manage tools and all control and reporting processes.
- Applies highest standards of integrity, professionalism and efficiency sensitive to the demands of the UK-SIDAC AML/ Sanctions policies and controls program.
- Coordinate and collaborate with the business, GBM onboarding team on matters concerning PEP, AML and Sanctions matters.
Education / Experience
- Good experience within Financial Services and/or AML/ATF Compliance.
- Minimum bachelor’s degree in business, related field, Law, Audit, or equivalent working experience.
- Recognized knowledge of current and anticipated regulatory frameworks impacting client onboarding knowledge of UK, Irish and Canadian KYC/AML and Sanctions Regulations requirements.
- Knowledge of businesses, products, operations, systems, and organization.
- Proficient with Excel, Power Point with strong experience in data analytics
- Must be able to operate effectively within a stressful environment with changing priorities and tight time frames which are closely scrutinized by Senior/Executive Management
- Excellent oral/written communication skills, relationship management, time management, analytical, project management and planning skills.
- Ability to work independently and within a team setting.
Location(s): England : Greater London : London
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. If you require technical assistance, please click here. 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.
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