AddressRequisition ID: 189281
Employee Referral Program – Potential Reward: £2,500.00
We are committed to investing in our employees and helping you continue your career at Scotiabank.
Purpose
Contributes to the overall success of the UK and SIDAC GBM Onboarding by providing subject matter expertise on AML, KYC and Sanctions to the onboarding team and business, assessment of high-risk matters escalated for review and supporting adaptation and roll out of new policies and regulations. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.
Accountabilities
- Contributes to a positive risk culture and ensures day-to-day activities and decisions are undertaken in accordance with the Bank’s risk appetite.
- Pursue effective and efficient operational delivery, applying day-to-day procedures and Business Controls with respect to operational risk, regulatory AML/ Sanctions risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory AML Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
- Provide accurate and timely expert AML, and Sanctions advice to GBMO team to support their effective completion of GBM KYC CDD/EDD processes.
- Review the KYC EDD/Specialized-EDD processes completed and escalate to the Director 1BAML for approval including for high-risk clients.
- Assess requests from GBMO for exceptions or waivers to procedures and provide approval (if delegated by the Director 1BAML) or support escalation for approval.
- Support development and delivery of effective AML and Sanctions training to business lines and GBMO staff.
- Support the Director 1BAML in the timely management and completion of all governance processes in accordance with enterprise procedures and reporting requirements, including delegation of the Director 1BAML duties as required.
- As directed, represent the department and undertake additional projects to support implementation of changes to enterprise AML /Sanctions policies and procedures as well as regulatory requirements across UK and SIDAC.
- Represent 1BAML in various regional and global committees and expectation to own and meet deliverables.
- Provide guidance and expertise, day-to-day people oversight, and workload management for the client onboarding staff.
Education / Experience
- Bachelor’s degree, preferred.
- In depth experience in an AML/Sanctions role, with experience in undertaking research and investigation of high-risk clients and clients with sanction exposure. Preference for direct industry experience in the Capital Markets and Corporate/ Investment Banking regulatory due diligence, having covered multiple product areas.
- The incumbent must have strong background and expertise of current and anticipated regulatory frameworks impacting client onboarding- namely, evolving regional and global AML / Sanctions standards.
- Superior working knowledge of local and regional AML/ Sanctions requirements, regulatory expectations and industry practices. Familiarity with wholesale/commercial banking businesses and products.
- Strong communication (written and oral), interpersonal, analytical and problem-solving skills.
- Team player with good organizational skills to deliver on various projects and assignments and to prioritize workload to meet deadlines.
Location(s): England : Greater London : London
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. 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.
Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.
