City : Toronto, ON, CA, M5C2R9

Category : Business and Financial Operations

Industry : Finance

Employer : Scotiabank

Requisition ID: 145352

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

Associate, Correspondent Banking Onboarding, Global Business Payments - Toronto, ON

Purpose
Contributes to the overall success of the Correspondent Banking Onboarding, Global Business Payments globally, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Is this role right for you?

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Facilitate the regulatory onboarding and refresh of GBM Correspondent Banking clients in an efficient, compliant, and client-centric manner. Rapidly triage and escalate complex issues to management for resolution
• Work directly with Relationship Management teams to complete requisite AML/KYC documentation
• Escalate any variances from guidance to management for resolution
• Ensure documentation is archived according to Bank and regulatory requirements
• Stay informed of changes in requisite Know Your Client (“KYC”) and Anti-money Laundering (“AML”) regulations, and help educate internal and external clients on significant changes
• Prepare onboarding/refresh KRI and status reports for executive management  
• Consistently track down tasks and files in the department’s workflow system to ensure accurate report to Senior Management
• Participate in multi-disciplinary teams to address new business initiatives, technology system enhancement projects, and one-off projects as required
• Actively pursues effective and efficient operations of your respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk 
• Champions a high performance environment and contributes to an inclusive work environment

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

• CAMS certification
• 3-5 years’ direct industry experience in the Correspondent Banking, and having covered multiple areas such as Transaction Monitoring, BESS/SWIFT/RMA applications, Compliance, etc. 
• An undergraduate and/or graduate degree in Finance, Business, or Economics is required
• A sound understanding of the correspondent banking including SWIFT, payments, Trade Finance and capital markets business is desired, as is a client-centric approach to the role. The incumbent must have broad knowledge of the end-to-end workflows among the Front, Middle, and Back Offices
• Recognized expertise of current and anticipated regulatory frameworks impacting client onboarding in Correspondent Banking and have a working knowledge of Canadian KYC/AML, Dodd Frank, EMIR and FATCA requirements will be an asset
• Ability to operate effectively within an exceptionally stressful environment with changing priorities and tight time frames which are closely scrutinized by Senior/Executive Management
• Strong business acumen, sound judgment, critical thinking skills and commitment to deadlines
• Excellent oral/written communication, relationship management, and time management skills 
• Knowledge of Spanish is an asset

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.