Title:  Associate, GBMO, KYC Onboarding (12 months contract)

Requisition ID: 197805

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose

Contributes to the overall success of the Global Banking and Markets onboarding (GBMO) in Singapore ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Accountabilities

• Facilitate the regulatory onboarding of GBM clients in an efficient, compliant, and client-centric manner. Rapidly triage and escalate complex issues, or variances from bank procedures, to management and internal control teams for resolution.
• Ensure that documentation meets the guidance put in place by Global Banking and Markets, and archived according to Bank and regulatory requirements.
• Work directly with clients to complete requisite Know Your Client ("KYC") and Anti-money Laundering ("AML") documentation;
• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and engaging in succession and development planning for the team.
• Prepare onboarding status reports for executive management. Prepare tracking systems to accurately capture and pass down onboarding data to back-office teams.
• Stay informed of changes in requisite regulatory onboarding matters related including but not limited to:

1. Know Your Client ("KYC") and Anti-money Laundering ("AML”) regulations, especially within the APAC region, for example MAS and HKMA requirements
2. Tax Regulations such as Foreign Account Tax Compliance Act ("FATCA") and Common Reporting Standards ("CRS)
3. OTC Trade Reporting such as Dodd Frank, European Markets Infrastructure Regulation ("EMIR), Canadian and Hong Kong Trade Reporting
4. Volker Rule
5. Markets in Financial Instruments Directive (MiFID)
6. Margin Regulations

• Provide support to internal and external clients on significant changes and client impact related to the various   regulatory  onboarding matters
• Participate in multi-disciplinary teams to address new business initiatives, technology system enhancement projects, and one-off projects as required.

Education/Experience

• 5 - 7 years direct industry experience in the capital markets, corporate banking, and investment banking in wholesale banking.  An undergraduate degree in Finance, Business, Economics, Law or a related discipline is required.
• The incumbent must exhibit expertise with current regulatory frameworks impacting Capital Markets client onboarding. Expertise with emerging regulatory frameworks (e.g., HKMA) is preferable.
• The incumbent must be detail oriented and possess sufficient judgment to detect, solve, or
• Escalate problems efficiently and effectively.
• Excellent oral/written communication, relationship management, and time management skills are a must.
• A sound understanding of the capital markets/corporate banking business is desired, as is a
• Client-centric approach to the role.
• Must be able to operate effectively within an exceptionally stressful environment with changing priorities and tight time frames which are closely scrutinized by Senior/Executive Management.
• Must have Excel experience and should be comfortable to work with VLOOKUP’s and data sorting and filtering. Ability to work on Marcos will be a great value adds.

Location(s):  Singapore : Singapore : Singapore 

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.