Title:  Analyst, U.S. AML Monitoring and Testing

Requisition ID: 242186

 Salary Range: 59,100.00 - 109,800.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

Purpose

Contributes to the overall success of the U.S. AML Monitoring and Testing Department (“M&T”), Global AML, Global Banking and Markets (“GBM”) by ensuring that specific individual goals, plans and 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.

What You'll Do

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

•    Assists in developing and maintaining a robust AML Monitoring and Testing (M&T) Program including participation in annual test planning activities, developing Test Plans (aka Test Scripts), creating and/or updating Trends Sheets with appropriate testing attributes to ensure key risks and controls are subject to testing.

•    Conducts less complex monitoring and testing reviews (either as the Lead for simple projects or as a participant for more complex reviews) on U.S. AML-ATF and Sanctions activities to ensure the effective and compliant execution and sustainability of the U.S. BSA/AML and Sanctions Compliance Programs and in accordance with the Scotiabank Enterprise AML and Sanctions Testing Standards and U.S. Addenda and procedures, as applicable.  

•    Identifies, tests and evaluates key control points, ensuring that the scope and extent of work is in accordance with the approved Monitoring and Testing Plan.

•    Ensures internal control weaknesses have been identified, errors have been quantified as appropriate, problems and associated impact are properly defined, documented and reported.  

•    Ensures written results are comprehensive and well documented (including, but not limited to, sampling criteria, sampling methodology, trend sheets, test results) and accurately identify BSA/AML and sanctions risk factors.

•    Ensures that Management Action Plans (“MAPs”) are appropriate and adequately address the risk of the issue.

•    Assists in the validation of ongoing remediation activities by issue owners in order to determine whether such remediation activities are in accordance with the agreed upon MAPs.   

•    Assists in developing meaningful, robust metrics and reporting of findings and progress against remediation objectives.

•    Performs ad-hoc, special and/or focused reviews as necessary. 

•    Works with U.S. AML Risk personnel and business line representatives to assist in the development of training, where appropriate, based on test/review results 

•    Promotes a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.

•    Monitors the regulatory environment for emerging issues, legislation and policy requirements. Keep abreast of trends and industry best practices through review of regulations and guidance issued by regulatory agencies and publications.

•    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 contributes to an inclusive work environment. 

•    Other duties and projects assigned.

What You'll Bring

•    Bachelor’s degree in accounting, business administration, finance, or similar field. 
•    Prior experience in AML Monitoring, Testing or Audit in a regulatory, compliance, or quality assurance capacity within a financial institution setting.
•    Prior experience in examinations/auditing roles, and an understanding of testing methodology and risk and controls analysis. 
•    In addition:
          o    An understanding of compliance and testing best practices.
          o    Good analytical, investigative, project management, planning and reporting, skills.
          o    Good written and spoken communication abilities. 
          o    Excellent teamwork, interpersonal and conflict resolution skills.
•    ACAMS is preferred. 

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#Dallas

Location(s):  United States : Texas : Dallas

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.