Scotiabank Validation Specialist

13 hours ago


Hamilton, Ontario, Canada Scotiabank Full time
Overview

We are seeking a skilled Validation Specialist - Compliance Expert to join our team at Scotiabank. In this role, you will play a vital part in ensuring the accuracy and integrity of our loan and lease agreements.

Job Summary

The successful candidate will be responsible for verifying documentation, identifying discrepancies, and escalating issues to ensure compliance with regulatory requirements and internal policies.

Key Responsibilities
  • Verify loan and lease documentation to ensure all required information is included.
  • Attach documents to the validation screen as required and add additional documents if necessary.
  • Ensure that any required lending documents are sent to Lending for review prior to validating and funding the deal.
  • Verify vehicle insurance coverage and residence as required by the Indirect Retail Lending Policy Bulletin.
  • Resolve identified discrepancies by communicating with dealerships and adhering to Contract Variance Policy Guide.
Requirements
  • College or University degree preferred or minimum 2 years related experience in a position of similar responsibility.
  • Banking/financial/leasing experience highly desirable.
  • Solid understanding of specific discipline relative to the business unit, e.g. documentation rules/guidelines.
  • Strong computer skills (Excel, Windows, Word, Outlook, and automated GL systems).
  • Solid knowledge of automated systems and software packages relevant to the business: ALS COM, Outlook, and Microsoft Office.
  • Knowledge of legislative, governance, or regulatory rules, Anti-Money Laundering/Anti-Terrorist/Know Your Customer guidelines.
  • Working knowledge of Scotiabank's Retail Lending and the relevant loan/lease credit policies, procedures, pricing, and authorities.
Estimated Salary Range

$65,000 - $85,000 per year, depending on experience.

Benefits

We offer a comprehensive benefits package, including medical and dental coverage, RRSP matching, and paid time off.

Work Environment

This role is located in Canada, with opportunities to work from home and flexible hours.



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