Position: Sr. Analyst EDDU DR/Enhanced Due Diligence Unit Caribbean/AML Operations/Dominican Republic GBS

 

Purpose  

 

Contribute to the overall success of the Enhanced Due Diligence Unit for the Caribbean (ECR and DR) to ensure all activities conducted are in compliance with governing regulations, internal policies and procedures while achieving client experience standards required by the Bank.  

 

 

Accountabilities  

 

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. 

Achieving optimum service levels by promptly managing specialized and complex assigned cases and ensuring the breadth and depth of case review activities are commensurate with the risk profile of the client and by the Enterprise-Wide Anti-Money Laundering & Anti-Terrorist Financing Policy and associated written procedures.  

Responsibility for the completion of EDD/SEDD according to the requirements of the policy, for cases activated through the incorporation of customers, annual update processes for stock and flow customers, which guarantees compliance with the Level of Commitment in the Service (SLA), and the Enhanced Due Diligence (EDD) deadlines associated with the particular category of high-risk customers. 

Support Management in the quality reviews of EDD cases and provide specific recommendations to AML Management with regards to the quality of it. 

Complete all applicable references of unusual transactions observed during the high-risk customer management process and submit the required supporting documentation to the country's Anti-Money Laundering (AML) monitoring unit. 

Support the efficient and effective execution of the functions of the Enhanced Due Diligence Unit (EDDU) through proper record-keeping and audit trails of all High-Risk Relationships of the sites supported by the Unit, ensuring appropriate record archiving, storage and retention systems. 

Maintain the records of all Enhanced Due Diligence Unit (EDDU) activities in such a way as to allow for accurate and timely submission of required reports. 

As an Asset Laundering (AML) subject matter expert within the front line, provide guidance to regional line managers and compliance officers on the proper management to be implemented over relationships that potentially present the highest compliance risk, within the stipulated Service Engagement Level (SLA) timelines. 

Acquire and maintain an up-to-date understanding of the political, cultural, and general business environment in the country/centre. Maintain an up-to-date understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies, and developing trends. Assist in identifying systemic procedural weaknesses and additional training requirements for the Scotiabank group. 

Assist the Enhanced Due Diligence Unit (EDDU) Manager with monitoring that branches/business units comply with policies and procedures related to high-risk customer identification, Enhanced Due Diligence (EDD), Enhanced Know Your Customer (KYC), and regulatory programs. 

It promotes a customer-centric culture to deepen customer relationships and leverage the Bank's broader relationships, systems and knowledge. 

Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions. 

Strong organization and time management skills. Able to work under pressure. 

Actively seeks effective and efficient operations from their respective areas, while ensuring the adequacy, compliance, and effectiveness of daily business controls to meet obligations regarding operational risk, regulatory compliance risk, risk and conduct of Anti-Money Laundering and Anti-Terrorism Financing (AML/AFT) risk,  including, but not limited to, responsibilities under the Operational Risk Management Framework, the Compliance Risk Management Framework, the AML/ATF Global Handbook, and the Guidelines for Business Conduct. 

 

Education/Experience/Other information (include only those that are specific to the role)

 

Post-secondary education with a minimum of 3 years of experience in AML, EDDU, Compliance and/or Audit capacity in a financial institution.

Certified Anti-Money Laundering Specialist or Certified Financial Crime Specialist designation is an asset.  

Good 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 local and major international AML/ATF regulations and regulatory reporting framework.  

Ability to build strong cross-functional business relationships.  

Ability to identify and implement continuous improvement initiatives to drive operational efficiency without compromising compliance requirements.  

Problem solving skills to deal with complex operational issues.  

Excellent written and verbal communication skills, able to manage difficult conversations.  

Results oriented, highly motivated with keen ability to influence others.   

Self-reliant and pro-active approach to work.  

Strong analytical, problem-solving, and critical thinking skills with solid organization and time management skills. 

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