Requisition ID: 233153

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

The Quality Assurance Analyst, Regulatory Reporting scrutinizes and evaluates FINTRAC regulatory reports with a focus on quality assurance and timeliness of reporting, specifically Large Cash Transaction Report (LCTR) and Electronic Funds Transfer Report (EFTR). Guided by Bank policy, receives direct supervision from the Manager. Within a well-defined task, the QA Specialist is expected to function independently while ensuring that AML Risk Management is kept informed, and that problems and issues are escalated to the Manager and/or Senior Manager.

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

• Review, validate, and correct (as needed) Large Cash Transaction (LCT) and Electronic Funds Transfer (EFT) for submissions to FINTRAC.
• Monitor LCT and EFT reports for submissions to FINTRAC, ensuring that reports are filed on time.
• Using Excel, review and correct reports requiring quality assurance (QA) corrections.
• Identify, track, and communicate system improvement opportunities and analytic defects, and participate in the implementation process.
• Support and continuously improve the ongoing initiatives in respect to AML regulatory reporting to FINTRAC by providing ad hoc reporting, monitoring efficiency/effectiveness of reporting, soliciting feedback, and critically assessing procedures.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations of his/her 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, AML/ATF risk, and conduct risks.
• Champion a high-performance environment by collaborating with team members, fostering an inclusive work environment, and communicating vision/values/business strategy.
• Identify unacceptable AML risks and escalate appropriately to the QA Manager or QA Senior Manager, Regulatory Reporting.

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

• A recognized undergraduate degree in a business or technical discipline (Accounting, Finance, or a related field) with a minimum of 3 years of related experience.
• Experience/understanding in BNS front-line processes and procedures (LCT or wire payments processing).
• Strong knowledge of regulatory compliance, particularly with respect to FINTRAC regulatory reporting (including SWIFT, NON-SWIFT EFT, and LCTR).
• Knowledge of wire payments, e.g., SWIFT EFT (e.g., MT 103, MX messages), Non-SWIFT.
• Experience in LCT Reporting.
• Good understanding of FINTRAC reporting and regulatory requirements.
• Knowledge of AML, Fraud, and BNS client systems.
• Good interpersonal and communication skills, and the ability to exercise diplomacy and judgment to effectively work with end users, members of project teams, and stakeholders across the global organization.
• High proficiency with languages and tools: Advanced Microsoft Excel.
• Proven ability to effectively analyze large amounts of transactional and case management data.
• Proven creative, initiative-taker, results-oriented, and highly motivated individual with good analytical skills to apply this knowledge to improve existing solutions and assist in the development of AML/ATF strategies.
• A proven ability to critically assess, prioritize tasks, and deliver meaningful results in a challenging environment.
• Basic knowledge of operational processes including best practices, current and anticipated regulatory requirements, front office and back-office processes, including the end-to-end workflows among the Front and Back Offices.
• ACAMS Certification a plus.

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.

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.