Senior Analyst, Enhanced Due Diligence Unit, Major Investigations

Scotiabank - Toronto, ON (30+ days ago)

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Requisition ID: 88323

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


Provides enhanced due diligence for new and existing client relationships considered to be of higher risk. For relationships considered to be higher risk, the Senior Analyst will investigate and assess the relationship for potential financial, reputational, operational and compliance risk in addition to activities that possess money laundering or terrorist financing risks.

Key Accountabilities:
Assist in ensuring the Bank is compliant with AML regulatory obligations to detect and report suspicious activity by:
Conducting thorough analysis to support a reasoned and accurate assessment consistent with the Customer Risk Rating assigned per case
Investigating and analyzing transactions or identified unusual patterns of account activity by applying expert knowledge to assess AML and operational risk exposures
Applying advanced research skills to develop business intelligence on various client types, industries and business models (across lines of businesses) to support expert and in-depth anti-money laundering investigations of client relationships
Coordinating and leading stakeholder discussions on individual cases by leveraging superior communication and problem resolutions skills to guide case discussions
Preparing and escalating activities deemed as ‘Unusual Transactions’ to AML Risk by ensuring adequate and accurate supporting documents are submitted to AML Risk to validate the escalation
Prioritizing all requests for information, establishing response times and escalating requests as required
Preparing and escalating PEP and sanction-related relationships with supporting documents to AML Risk
Maintaining proper records and audit trail of due diligence activity and disposition actions for all alerts
Assist in mitigating AML – related financial and reputation risk to the Bank by:

  • Preparing case reports for review by completing well-written risk assessment reports and gather appropriate case evidence.
  • Recommending mitigating course of actions or termination of relationships as appropriate
  • Providing support to the business units for AML investigation purposes
  • Developing and maintaining a sound knowledge and understanding of the Bank’s AML policies and procedures, money laundering and terrorist financing issues, regulations, industry best practices, criminal typologies and developing trends
  • Keeping informed of industry trends and typologies by participating in AML training sessions and accessing industry resources
Contribute to the EDDU’s productivity and service by:
  • Achieving optimum service levels by promptly managing assigned cases and ensuring the breadth and depth of case review activities are commensurate with the risk profile of the client and in accordance with the Enterprise Wide Anti-Money Laundering & Anti-Terrorist Financing Policy and associated written procedures
  • Actively identifying opportunities for process and system improvements, and participate as appropriate in the implementation process
  • Identifying and share emerging risk factors and trends that may impact AML, Fraud and Terrorist Financing
  • Contributing to the development of AML typologies based on significant cases
  • Responding promptly to requests and concerns from Partners including Corporate Security, AML Risk, Legal and Business Lines across the Scotiabank Group
  • Adhering to the Bank Guidelines for Business Conduct, and associated appendices, at all times
Strong analytical skills to make rational and logical interpretations and determine whether there are grounds for suspicion or EDD, at times with limited information
Solid knowledge of the Scotiabank Group Anti-Money Laundering and KYC policies and procedures
Experience and a sound understanding of banking unit activity and practices. Banking unit knowledge of: Retail and/or Small Business and/or Commercial, and/or Global Banking Markets, and/or Wealth Management
Thorough knowledge of the Bank’s Regulatory and Compliance requirements as they relate to customer onboarding
Thorough knowledge of the systems and applications that support the Unit’s processes i.e. EDDU Case Management (DDCMT¬¬), WorldCheck, Fortent, etc.
Good knowledge of the Scotiabank Group products, operating procedures and delivery systems
Strong analytical skills to make rational and logical deductions, at times with limited information
Ability to gather, analyze, organize, document and present large volumes of information in a succinct and organized manner
Post-secondary education is required with a preferred minimum of 2-3 years of AML and / or investigation experience preferably in a Financial Institution
Certified Anti-Money Laundering Specialist (CAMS) designation is an asset

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.