Analyst, Enhanced Due Diligence

Scotiabank•Dallas, TX

6d•Onsite

About The Position

The Analyst, Enhanced Due Diligence (EDD), Global AML contributes to the execution of the Bank’s Global AML Program by performing independent second line of defense (2LoD) due diligence reviews on high risk clients and elevated risk segments. The role is responsible for conducting structured risk assessments, identifying financial crime risk indicators, and documenting conclusions in accordance with established AML frameworks, standards, and regulatory expectations. The Analyst supports consistent, high quality client risk management practices and escalates issues requiring further review or decisioning.

Requirements

Undergraduate degree in Business, Finance, Law, or related discipline, or equivalent experience.
Typically 2–5 years of experience in AML, KYC, EDD, or financial crime risk management.
Foundational knowledge of AML/ATF and sanctions regulatory frameworks.
Strong analytical and critical thinking skills.
Strong written and verbal communication skills with ability to document clearly and concisely.
Attention to detail and ability to manage multiple priorities in a structured environment.

Nice To Haves

Experience reviewing client information and identifying financial crime risk indicators preferred.

Responsibilities

Perform 2LoD enhanced due diligence reviews for high‑risk clients, including assessment of client profiles, ownership structures, business activities, and transactional behavior.
Assess the completeness, accuracy, and quality of EDD documentation prepared by the first line of defense.
Identify material risk indicators, including adverse media, sanctions exposure, jurisdictional risk, and typologies relevant to financial crime risk.
Apply established EDD methodologies, standards, and procedures in the execution of reviews.
Analyze client information to determine whether risks are appropriately identified, documented, and supported.
Evaluate alignment of client risk ratings with underlying risk factors and the Bank’s risk appetite framework.
Identify gaps, inconsistencies, or control weaknesses and document observations for escalation.
Prepare clear, structured, and auditable EDD review documentation in accordance with internal standards.
Maintain accurate records of findings, conclusions, and supporting evidence.
Ensure documentation supports internal review, audit, and regulatory scrutiny.
Escalate complex issues, data gaps, or elevated risks to senior team members in a timely manner.
Support tracking and follow‑up of remediation actions to ensure timely resolution.
Contribute to issue identification and continuous improvement of EDD practices.
Support regulatory examinations, internal audits, and control reviews by providing required documentation and analysis.
Maintain awareness of applicable AML/ATF and sanctions regulatory requirements impacting EDD activities.
Operate in accordance with the Bank’s risk management framework, policies, and procedures.
Collaborate with internal stakeholders including AML Advisory, Financial Intelligence Unit (FIU), Sanctions, and Business Lines to support EDD execution.
Seek guidance from senior team members on complex issues and interpretation of policy or methodology.
Contribute to effective and efficient operations by adhering to established processes, timelines, and quality standards.
Identify opportunities to enhance EDD processes, tools, and documentation practices.
Act in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, ensuring adherence to operational, compliance, AML/ATF, sanctions, and conduct risk requirements.