Business Analyst, Aml Operations (Contract)

Requisition ID: 177339

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

• Contract until October 31, 2023 ***

Purpose

The Business Analyst (BA) is responsible to action and submit Large Cash Transactions (LCT) and Electronic Funds Transferred (EFT) transactions to FINTRAC in order to meet the Bank’s regulatory reporting obligation on behalf of Canadian Banking (CB).

Accountabilities

• Assist the Manager by conducting research and analysis, and accurately and clearly defining operational requirements and processes for defined tasks to assist in the resolution of problems to meet the needs of the supported business lines in CB. This may involve collaboration in work sessions with multiple business partners, both internal and/or external in order to arrive at an end to end process solution.
• Ensure a maintenance of proper records and audit trail of activity
• Report unusual transactions or activities as soon as practicable and according to documented protocols and ensure that respective teams are reporting as necessary and as directed by protocols.
• Continually acquire and enhance knowledge of the Division's business strategies and policies, risk management practices and methodologies, product offerings, financial instruments, regulatory requirements, Back Office processes, and rapidly changing technology that supports the operation to effectively assist in the provision of business solutions and services to the end user business lines.
• Assist in the provision of business support to the operational unit’s key business partners, including new and existing product changes, ad hoc queries and assisting with the design and implementation of new business processes and systems enhancements. This is made more challenging due to overlapping projects and process changes. The Business Analyst is responsible for ensuring that management is kept informed and any problems and issues are escalated appropriately.
• Responsible for the preliminary analysis and correction of reporting for LCTRs and EFTs prior to submission to FINTRAC.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Operate within the Bank’s risk appetite and conduct business and interactions with customers, employees, suppliers, and others in a legal and ethical manner that promotes integrity across the Bank.
• Pursue effective and efficient operations 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.
• Participate in the operational implementation process by assisting in the development of training materials, assisting in the creation of job aids and workflows, assisting in the development of communications and publications, assisting in the development of conversion and implementation strategies, assisting in training staff, and post-implementation support.
• Respond promptly to requests and concerns from internal partners.
• Escalate risk to appropriate management individuals and/or internal partners in order to effectively mitigate and manage risk to the Bank.
• Assist in providing consistent, consolidated, annotated reporting on additional aspects of CB’s regulatory compliance program, including emerging compliance risks.
• Maintain a sound knowledge and understanding of the Bank’s policies and internal procedures.
• Escalate any concerns regarding conduct risk or a deficiency in internal controls, policies or procedures.

Education / Experience

• Post-secondary education in business, or a related discipline with a minimum of 1-3 years of related experience
• Ability to acquire a good understanding of process mapping including the tools used, process design techniques, including gap analysis and requirements specification, and keep current with rapidly changing technology.
• Good interpersonal and communication skills, and exercise diplomacy and judgement, to effectively work with end users and members of a project team.
• Basic knowledge of local and major international AML/ATF regulations and regulatory reporting framework.
• Proven creative, self-starter, results-oriented, and highly motivated individual with good analytical skills in order to apply this knowledge to assist in the resolution of complex business problems.
• Demonstrated ability to develop and communicate unit strategy
• Basic knowledge of operational processes including best practices, current and anticipated regulatory requirements, Back Office processes, and the end-to-end workflows among the Front and Back Offices, within Canadian Banking
• Demonstrated analytical, problem-solving and critical thinking skills with solid organization and time management skills.

Location(s): Canada : Ontario : Mississauga

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.