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




Requisition ID: 151300

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


Contributes to the overall success of the AML Risk Department, Global Banking and Markets in the U.S. 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.




Is this role right for you? You will be responsible for:




  • 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 for U.S. AML Risk, including annual control list updates, annual testing plan, sampling methodologies, schedules, procedures and reporting.
  • 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 Quality Assurance and Testing Policy and the SBUS AML Monitoring and Testing Procedures.
  • Identifies, tests and evaluates key control points, ensuring that the scope and extent of work is in accordance with the approved 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 of U.S. Client Onboarding activities, Sanctions and FIU investigative decisions) 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.
  • 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



Do you have the skills you need to succeed? We'd love to work with you, if you have:



  • 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:
    • An understanding of compliance and testing best practices.
    • Good analytical, investigative, project management, planning and reporting, skills.
    • Good written and spoken communication abilities.
    • Excellent teamwork, interpersonal and conflict resolution skills.
    • ACAMS is preferred.


Location(s):  United States : New York : New York City 

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.

Nearest Major Market: New York City

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