Requisition ID: 235505

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

Contributes to the success of the team and overall Canadian Banking First Line Testing program, ensuring individual goals, plans, and initiatives are executed and delivered in support of the unit’s business strategies and objectives.

Executes planned testing activities to evaluate the adequacy, adherence and effectiveness of KYC/AML controls in Canadian Banking (CB) business lines, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

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

• Champions a customer-focused culture and leverages broader Bank relationships, systems and knowledge
• Maintains expert knowledge of Bank processes, policies, procedures, applications and products related to Regulatory (incl. AML/ATF & Sanctions), Compliance and Operational risk, and applies this knowledge in the testing and analysis of high-risk controls
• Assists management in keeping high-risk regulatory and operational controls current, along with other documentation, including test plans, methodology, schedules, reporting, etc. that contribute to sustaining the program.
• Conducts testing of key, high-risk regulatory and operational controls, by reviewing assigned business, branch and/or operational units. This includes:

o   Collaborating with peers and managers to analyze and define specific testing requirements

o   Working independently to execute on planned testing activities, in accordance with testing scripts and relevant policies/procedures

o   Sampling customer accounts and transactions, reviewing related processes, and reconciling associated business-line metrics and key risk indicators to determine compliance

o   Preparing reports on test/review findings and communicating these to appropriate business units and partners, as well as ensuring investigation and correction of any control defects brought forward are in place

o   Concisely and accurately recording issues in the Bank’s integrated issues management platform (GIMS)

o    Validating the actions taken by management to remediate, and to assess the sustainability of these actions to close, reported testing issues.

• Performs ad-hoc, unique and/or focused reviews as necessary; and other testing duties and projects as assigned
• Understands how the Bank’s risk appetite and culture should be considered in day-to-day activities and decisions.
• Contributes/Creates an environment in which he/she pursues effective and efficient operations, 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, AML/ATF 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 Scotiabank Code of Conduct
• Supports and contributes to a high-performance and inclusive work environment, aligning individual goals to that of Canadian Banking Internal Controls and the Bank

Do you have the skills that will enable you to succeed in this role?  We’d love to work with you if you have:  

•    3+ years of experience in the financial services industry

•    Post-secondary education, preferable in Business Administration, Accounting, or Finance

•    Exceptional planning and analytical skills, ability to focus on critical issues

•    Excellent verbal and written communication skills

•    Thorough knowledge of Canadian Banking regulations – Anti-Money Laundering (AML)/Anti- Terrorist Financing (ATF)/Know Your Customer (KYC)/Sanctions, Enterprise Privacy, Code of Conduct

•    Thorough knowledge of Scotiabank policies and procedures, system applications, operations, support functions, and complaint resolution standards

•    Thorough knowledge of Canadian Banking delivery channels, products, benefits and services

•    Highly motivated; demonstrated ability to multi-task and deliver in a fast-paced, challenging and dynamic business environment

•    Ability to develop strong working relationships with partners/stakeholders, and influence change with numerous, cross-functional teams

Some more information you might need to know: 

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• Working hours: Shift is 37.5 hours per week, Business hours are Monday - Friday from 8 am - 6 pm EST
• Location: 100 Yonge Street

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.