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Lead Analyst, High Risk Client Oversight

2 months ago

Toronto, Ontario, Canada Scotiabank Full time

Requisition ID: 207009
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Lead Analyst – High Risk Client Oversight (HRCO) is responsible for supporting the HRCO Manager, as well as conducting reviews and providing feedback on risks associated to any HRCO designated high-risk customer activities escalated to AML Risk in Canadian Banking, Global Wealth Management (Canada) and other lines of business, as required. . The role is critical in working with relevant stakeholders and acting as the relationship manager. They will be responsible for supporting the maintenance of the HRCO escalation process, as well as the development of ongoing mechanisms to mitigate risks associated to other similar complex scenarios, while safeguarding quality and managing AML/ATF and Sanction risks.

Is this role right for you? In this role, you will:

  • Oversee up-to-date work flows/record keeping of escalations to 2nd line. Ensures key milestones are met, while meeting productivity targets.
  • Support manager oversight, on behalf of the Canadian CAMLO, for all HRCO designated high-risk customer activities (EDD, STR, Sanctions, etc.) for Canada and Global Wealth, to make sure appropriate risk mitigation strategies have been applied by:
    • Supporting the executing of the Terrorist Incident Group Event Response (TIGER) protocol and mitigate the AML risks of other complex scenarios, such as external referrals (i.e. Production Orders, GRIDs, etc.)
    • Facilitating and participating in meetings with the relevant stakeholders as required;
    • Conducting HRCO designated high-risk case reviews to ensure all identifiable risks have been mitigated;
    • Assisting HRCO management on delivering support to AML Advisory teams by driving consistent oversight and management of HRCO designated high-risk customers and ensuring appropriate decisions are obtained aligned with approved policies and processes;
    • Working HRCO management, as well as with the AML Advisory teams and the business, to develop and articulate our customer risk appetite for particular customer segments and ensure this is applied to decision making;
    • Identifies and investigates high-risk Clients, including, but not limited to, potential politically exposed persons (PEPs)/politically exposed foreign persons (PEFPs), and/or Sanctions, and refers, as appropriate, to internal partners (e.g., EDDU, Global Sanctions, etc.).
    • Identifies and suggests ML/TF awareness training needs to discuss trends and changes in AML typologies.
  • Actively pursue effective and efficient operations of their respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
  • Collaborate with partners (FIU, EDDU, Sanctions, etc.) in the review of business processes, resulting in recommendations to the HRCO manager for measurable improvements while leveraging reusable (process) components, structures and enterprise wide technologies that are effective and efficient and ensuring that risk is minimized by:
    • When directed by the HRCO manager, conducting needs analyses to implement effective procedures and/or improve/replace with a more efficient customer centric AML and /TF processes and procedures that will mitigate reputational, regulatory and financial risk to the bank;
    • Making recommendations to the HRCO manager to change to policy that results in increased productivity with no increase to risk;
    • Making recommendations to the HRCO manager to Enhancing the employee and customer experience while effectively mitigating AML/TF
    • Identifying trends and potential AML/TF concerns and work with the HRCO manager, as well as key stakeholders, to ensure it is known and appropriate risk mitigation strategies are developed
  • Oversee projects working independently (at the direction of the HRCO manager) or within cross functional teams by:
    • Collaborating on and developing proposals;
    • Coordinate with the enterprise training group and business lines to ensure appropriate training on managing high-risk customers is in place for relevant stakeholders and where relevant deliver training;
    • Establishing milestones and assessing work effort;
    • Working with a diverse working group, with varying expertise and job levels;
    • Ensuring all deliverables are completed within negotiated timeframes, and within established department guidelines and protocols, escalating as necessary.
  • Oversee their personal development to ensure knowledge and skills related to AML/TF and Business Process Design are continually enhanced by:
    • Researching best practices and the latest financial crimes (AML, TF and Sanctions trends);
    • Taking Bank offered courses designed around people, process and technology;
    • Building relationships with internal and external partners.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have experience with:

  • Bachelor's degree (University Degree) or equivalent, with a minimum of 3 years of experience in AML and/or risk disciplines and 1 year in an analytical/investigative capacity.
  • Extensive investigative skills along with 5 years of documented AML or law enforcement experience may substitute for university degree requirements. In addition, CAMS, or equivalent, designation an asset
  • Advanced knowledge of Canadian Banking and Wealth business units functions, procedures, products, policies and how the various supporting units interact;
  • A working knowledge of bank accounting and internal controls;
  • Exposure to process Mapping including use of related software and tools, e.g., Visio, Blueworks;
  • Ability to identify gaps and trends through existing departments in the Bank;
  • Proficient, short and concise written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties;
  • Excellent time management skills to meet strict deadlines
  • Thorough knowledge of related regulatory requirements including KYC, AML, Anti-Terrorist Financing Policies, Compliance Control & Operational Risk Self-Assessments legislation and procedures;
  • Thorough knowledge of the Bank's interactive systems including Excel, PowerPoint, Word, Power BI, SharePoint, Acrobat, ;
  • Advanced knowledge of core AML systems (Oracle, Navaera, Certapay, IntraLink Applications (Customer Sales & Service, SalesBuilder, Print Manager, Wire Payment, Savings Account History, AML Online Reporting, ACI, Business Documentation, Item Retrieval, PPS Statements, KYC, etc), SCORE, HOD - Broadridge ADP BTS 061/191, Fenergo, AS400, Investigator Toolkit, Quantifind, etc.)
  • Advanced knowledge of reading AML related risk assessments and analysis
  • Ability to communicate in French and/or Spanish is an asset.

What's in it for you?

  • In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed
  • You'll be part of a diverse, collaborative, innovative, and high-performing team
  • We offer a competitive rewards package:
  • Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
  • Health Benefits from day one
  • You will relish work-life balance, team events, and opportunities to participate in the community.
  • Your career matters You will have access to career development and progression opportunities.

Please Note: The Department is looking to hire multiple openings for the team.

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.