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Analyst, Triage

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Scotiabank

10d ago

  • Job
    Full-time
    Junior & Mid Level
  • Government & Politics
    Legal
  • Mississauga

AI generated summary

  • You need strong analytical, communication, and research skills, proficiency in computer applications, knowledge of AML/KYC policies, and an understanding of bank products. ACAMS/CAMS is a plus.
  • You will assess alerts, investigate transactions for AML risks, maintain compliance, collaborate on due diligence, and identify process efficiencies while meeting productivity standards.

Requirements

  • Strong analytical skills to make rational and logical deductions, at times with limited information.
  • Ability to gather, analyze, organize, document and present information in a succinct and organized manner.
  • Excellent written and verbal communication skills.
  • Research skills to develop business intelligence on specific industries and business models.
  • An understanding of the Bank’s business lines, products, processes, policies, and practices.
  • Proficiency with computer applications including Word, Excel, Teams/Skype and internet search engines.
  • Knowledge of the Anti-Money Laundering and KYC policies and procedures.
  • ACAMS/CAMS Designation is an asset.

Responsibilities

  • Contributes to the overall success of the AML Operations Triage department, ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies and procedures.
  • Perform Intake Function for Corporate Security referrals by:
  • Ensure relevant information is obtained for alerts from all sources in the Transaction Monitoring Case Management system.
  • Maintain access to various core systems utilized in the investigation and disposition of Transaction Monitoring Alerts.
  • Assess the risk posed by the alert to determine appropriate escalating measures.
  • Investigate and assess customer alerted activity generated from the automated transaction monitoring system, unusual transaction reports and external referrals to identify potential money-laundering or terrorist financing.
  • Adjudicate lower complexity alerts to close or escalate for further review by the FIU. Request information as necessary from business units; maintain records and related documentation in accordance with regulatory requirements and department standards in the case management system.
  • Identify opportunities for efficiencies and participate in the implementation process.
  • Work collaboratively with other business lines to implement appropriate due diligence and customer remediation steps to minimize regulatory and reputational risk to Scotiabank.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Maintain a sound knowledge and understanding of the Bank’s AML policies and procedures.
  • Keep abreast of new and emerging trends, typologies, and changes to legislation.
  • Ensure all obligations under the PCMLTFA are being upheld, including the identification and timely reporting of designated individuals as well as politically exposed persons.
  • Engage in other adhoc or administrative duties to support the Triage Unit as required.
  • Maintain minimum expected productivity and quality standards as defined through annual performance metrics.
  • Foster a high performance environment and implement a people strategy that attracts, retains, develops and motivates their team.

FAQs

What is the primary responsibility of the Analyst, Triage position?

The primary responsibility is to contribute to the overall success of the AML Operations Triage department by performing intake functions for corporate security referrals, investigating alerts for potential money laundering or terrorist financing, and ensuring compliance with regulations and internal policies.

What qualifications are preferred for this role?

Preferred qualifications include strong analytical skills, proficiency in computer applications such as Word and Excel, knowledge of Anti-Money Laundering (AML) and KYC policies, and an ACAMS/CAMS designation is an asset.

What kind of environment does Scotiabank promote for its employees?

Scotiabank promotes a culture of teamwork, diversity, and inclusivity, aiming to create a high-performing environment where individual skills and experiences are valued.

Is experience in AML or compliance required for this position?

While specific experience in AML or compliance is not explicitly stated as required, knowledge of AML policies and procedures is essential for the role.

What are the career advancement opportunities within this role?

The role offers a rewarding career path with diverse opportunities for professional development, allowing employees to grow within the organization.

How does this role interact with other business lines?

The Analyst, Triage collaborates with other business lines to implement appropriate due diligence and customer remediation steps, minimizing regulatory and reputational risk.

What type of analytical skills are necessary for this position?

Strong analytical skills are necessary to make rational and logical deductions while investigating alerts, even when information is limited.

How does the Bank support work-life balance for its employees?

The Bank offers a hybrid working environment, allowing for flexibility and balance between work responsibilities and personal life.

What is the location of the Analyst, Triage position?

The position is located in Mississauga, Ontario, Canada.

What kind of support does Scotiabank offer for applicants requiring accommodations?

Scotiabank is committed to creating an inclusive environment and offers accommodations during the recruitment and selection process, such as accessible interview sites or alternative formats for documents.

Finance
Industry
10,001+
Employees

Mission & Purpose

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