Title:  Analyst EDDU ECR

Requisition ID: 214370

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

Analyst EDDU Enhance Caribbean Unit (ECR) 

L 5.2

Schedule: Monday to Friday 8:30am - 5:30pm / Saturdays 4 hours upon request

Purpose of the Role

Contributes to the overall success of the Enhanced Due Diligence Unit (EDDU) for the Caribbean Region and Canada as needed, 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).

Responsibilities 
 

• Responsibility to ensure that an effective challenge function is performed around the process of reviewing and approving Business Due Diligence (EDD) forms, ensuring that the quality of documentation is adequate and in accordance with the Bank's Know Your Customer (KYC) and Enhanced Due Diligence (EDD) requirements.

• 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, as per process in place.

• 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 seeks 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.

• Promotes a high-performance environment and implements a people strategy that attracts, retains, develops and motivates its team fostering an inclusive work environment; communicate vision/values/business strategy and manage succession and team development planning.

Education / Experience 

University degree in a business or law related field, 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.

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

Location(s):  Dominican Republic : Santo Domingo : Santo Domingo East || Dominican Republic : Santo Domingo : Santo Domingo North || Dominican Republic : Santo Domingo : Santo Domingo West

Business Address: Zona Franca Las Americas 

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.