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Title:  Business Analyst, QA Regulatory Reporting, AML Risk




Requisition ID: 122003

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



The Business Analyst (BA) will assist the Business Manager in ‘gathering and writing’ business requirements associated to the enhancements of the Electronic Fund Transfers Reports (EFTRs - SWIFT and Non-SWIFT), Large Cash Transaction Reports (LCTRs), and Suspicious Transaction Reports (STRs) by applying his/her experience and knowledge of business analysis methodologies, tools, and governance.

The BA along with the Business Manager will support the Director and Senior Managers of the Canadian Policy and Regulatory Reporting Team by driving the delivery of critical technology and operational requirements. The support encompasses ‘gathering and writing’ business requirements (including documenting scope, project deliverables, stakeholders, approvers, business benefits, process flows, business/system context diagrams), ‘presenting and updating’ draft business requirements, documenting meeting notes, following up on meeting action items, supporting the development and maintenance of project plans, executing standard governance processes, and interfacing with the various project and business teams.

The BA ensures all activities are conducted in accordance with the Canadian governance reporting regulations and reporting obligations, and internal and external Bank policies and procedures.   


Key Accountabilities


  • Working under the leadership of the Director and Senior Managers, the BA along with the Business Manager (working as a team) will be directly responsible for driving the overall workstream execution by:
    • Creating and maintaining detailed business requirements documents (draft, final, clarification) with detailed version control.
    • Creating and maintaining all related business and project requirements documentation.
    • Working with other project leads and business execution teams, both advisory and challenge functions, deep diving into workstream issues to drive resolutions.
  • Ensure documented processes and actual practices are aligned with enterprise policies and FINTRAC standards.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Delivering key insights from an AML Risk execution perspective to inform executive leadership.
  • Providing input into the AML Risk plan view and required decisions / approaches in relations to assigned work packages.
  • Coordinating with all relevant stakeholders.
  • Identifying and raising any Enterprise activities that may be common across the business lines.
  • Support the Director of the Canadian Policy and Regulatory Reporting, AML Risk with all on-going and ad-hoc program requirements to ensure successful delivery.
  • Work with other key stakeholders within AML on as needed basis to ensure meeting requirements from program delivery, and reporting perspectives.
  • Participate in the operational implementation processes by assisting in the development of communications and publications of audit closure memos, matrixes and all supporting documentations.
  • Develop sound knowledge and understanding of the Bank’s AML/ATF policies and procedures relating to the reporting of LCTRs, EFTRs (SWIFT and Non-SWIFT), and STRs.
  • Develop sound knowledge of compliance regulations specific to the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA), keeping abreast of regulatory changes and impacts to the Bank’s first line operations.


Education / Experience 


  • A recognized under-graduate degree in a business or technical discipline
  • 2+ years of experience as a Business Analyst/Business Systems Analyst in an agile or lean environment
  • Project Management certification is an asset
  • ACAMS certification is an asset
  • Demonstrates strong strategic thinking, planning and execution ability.
  • Proven creativity, self-starter, results-oriented, and highly motivated individual with good analytical skills in order to apply this knowledge to improve existing solutions and assist in the development of AML/ATF strategies.
  • Demonstrates ability to work independently. Can actively seek opportunities to learn independently, learn from others, and share best practice. 
  • Demonstrates ability to defer to manager and to make suggestions that align with the Bank’s regulations and rules.
  • Knowledge of trends and best practices in respect of internal controls, in relation to regulatory reporting to FINTRAC. Acquires and applies new skills to remain up to date in his/her area of expertise. Reliably applies knowledge of basic technical methods and concepts.
  • Knowledge of the Bank’s customers / accounts / transactions and products.
  • Excellent oral, written and presentation communication skills.
  • Demonstrates openness to new situations. Demonstrates ability to contribute ideas to improve work processes and procedures.
  • Demonstrates ability to remain calm in tense situations. Demonstrates ability to cope with change and to accept constructive feedback.


This is a temporary full time role for 2 years.


Location(s):  Canada : Ontario : Toronto 

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.

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