Analyst EDDU DR

Purpose 

Contributes to the overall success of the Enhanced Due Diligence Unit (EDDU) for the Dominican Republic, ensuring that specific individual objectives, plans and initiatives are executed/delivered in support of the team's business strategies and objectives. Ensures that all activities performed comply with current regulations, policies and internal procedures, completed within the Service Engagement Level (SLA). EDDU Analyst may conduct Enhanced Due Diligence (EDD) cases for Canadian Banking and International Banking, all applicable lines of business, provided that regulatory and mandatory requirements and documents permit. 

Accountabilities 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. 
  
  

• Responsibility for the completion of EDD/SEDD according to the requirements of the policy, for cases activated through the incorporation of customers, annual update processes for stock and flow customers, which guarantees compliance with the Level of Commitment in the Service (SLA) and the Enhanced Due Diligence (EDD) deadlines associated with the particular category of high-risk customers. 
  
  

• Complete all applicable references of unusual transactions observed during the high-risk customer management process and submit the required supporting documentation to the country's Anti-Money Laundering (AML) monitoring unit. 
  
  

• Support the efficient and effective execution of the functions of the Enhanced Due Diligence Unit (EDDU) through the coordination of proper record keeping and audit trails of all High-Risk Relationships of the sites supported by the Unit, ensuring appropriate record archiving, storage, and retention systems. 
  
  

• Maintain and critically analyze the records of all Enhanced Due Diligence Unit (EDDU) activities in such a way as to allow for accurate and timely submission of required reports.  

• As an Asset Laundering (AML) subject matter expert within the front line, provide guidance to regional line managers and compliance officers on the proper management to be implemented over relationships that potentially present the highest compliance risk, within the stipulated Service Engagement Level (SLA) timelines. 
  
  

• Acquire and maintain an up-to-date understanding of the political, cultural and general business environment in the country/centre. Maintain an up-to-date understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and developing trends. Assist in the identification of systemic procedural weaknesses and additional training requirements for the Scotiabank group. 
  
  

• Assist the Enhanced Due Diligence Unit (EDDU) Manager with monitoring that branches/business units comply with policies and procedures related to high-risk customer identification, Enhanced Due Diligence (EDD), Enhanced Know Your Customer (KYC) and regulatory programs. 
  
  

• It promotes a customer-centric culture to deepen customer relationships and leverage the Bank's broader 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 from their respective areas, while ensuring the adequacy, compliance and effectiveness of daily business controls to meet obligations regarding operational risk, regulatory compliance risk, risk and conduct of Anti-Money Laundering and Anti-Terrorism Financing (AML/AFT) risk,  including, but not limited to, responsibilities under the Operational Risk Management Framework, the Compliance Risk Management Framework, the AML/ATF Global Handbook, and the Guidelines for Business Conduct. 
  

• Champions a high-performance environment and contributes to an inclusive work environment. 
  
  
  Education / Experience 
  
  
  

  University degree in a field related to commercial or industrial engineering, along with: 

   

  • Minimum 1 year of experience in the financial industry. Experience related to compliance, risk management or anti-money laundering (AML) functions will be considered an advantage. 
    
    

  • General knowledge of the activities related to Personal Banking, Small Business, Commercial and Corporate Banking, as well as Anti-Money Laundering (AML), sanctions and know your client (KYC) processes. 
    
    

  • Effective communication skills. Bilingual English/Spanish (required). 
    
    

  • General understanding of Scotiabank's internal products, procedures and systems. 
    
    

  • Excellent analytical and critical thinking skills to make rational and logical deductions with limited information. Able to collect, analyze, organize, document and present volumes of information in an organized and summarized manner. 
    
    

  • Intermediate level with Microsoft Office (Word, Excel, Access, PowerPoint) and Internet search engines. 
    
    

  • Great capacity for organization and time management. Able to work under pressure. 
    
    

  • Knowledge of international Anti-Money Laundering (AML) standards, statutes, best practices and information requirements is an advantage. 
    
    

  • Leadership skills (Preferred) 
    
    

  • Bilingual (required) English/Spanish – Advanced Level.

   
  
  
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