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Title:  Associate, Correspondent Banking




Requisition ID: 88108


Join the Global Community of Scotiabankers to help customers become better off.



As the Associate, Correspondent Banking, you will contribute to the overall success of the Correspondent Banking Onboarding/Global Business Payments globally, 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.


•    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.

•    Facilitate the regulatory onboarding and refresh of GBM Correspondent Banking clients in an efficient, compliant, and client-centric manner. Rapidly triage and escalate complex issues to management for resolution.

•    Work directly with Relationship Management teams to complete requisite AML/KYC documentation;

•    Escalate any variances from guidance to management for resolution

•    Ensure documentation is archived according to Bank and regulatory requirements

•    Stay informed of changes in requisite Know Your Client (“KYC”) and Anti-money Laundering (“AML”) regulations, and help educate internal and external clients on significant changes

•    Prepare onboarding/refresh KRI and status reports for executive management.  

•    Consistently track down tasks and files in the department’s workflow system to ensure accurate reports to Senior Management.

•    Participate in multi-disciplinary teams to address new business initiatives, technology system enhancement projects, and one-off projects as required.

•    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. 

Education / Experience / Other Information:

•    CAMS certified
•    3-5 years’ direct industry experience in the Correspondent Banking, and having covered multiple areas such as Transaction Monitoring, BESS/SWIFT/RMA applications, Compliance, etc. An undergraduate and/or graduate degree in Finance, Business, or Economics is required.
•    A sound understanding of the correspondent banking including SWIFT, payments, Trade Finance and capital markets business is desired, as is a client-centric approach to the role. The incumbent must have broad knowledge of the end-to-end workflows among the Front, Middle, and Back Offices.
•    The incumbent must have recognized expertise of current and anticipated regulatory frameworks impacting client onboarding in Correspondent Banking and have a working knowledge of Canadian KYC/AML, Dodd-Frank, EMIR and FATCA requirements will be an asset.
•    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
•    The position requires strong business acumen, sound judgment, critical thinking skills and commitment to deadlines. Excellent oral/written communication, relationship management, and time management skills are a must.
•    Knowledge of Spanish is an asset

Working Conditions:

•    Work in a standard office-based environment; non-standard hours are a common occurrence. Limited travel internationally. 




Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.


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.