Analyst, GBM AML Risk Assessment

Scotiabank•Dallas, TX

22h

About The Position

Global Banking and Markets Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! Purpose The Analyst, GBM AML and Sanctions Risk Assessment, contributes to the overall success of the GBM Risk Assessment team, supporting the strategic execution and continuous enhancement of AML and Sanctions risk assessment activities across Global Banking and Markets (GBM) and Global Transaction Banking (GTB). The Analyst will support the AML and Sanctions Risk Assessment Team by acquiring, ingesting, and harmonizing client, product, geography, and sanctions risk data elements from multiple sources across the Bank, including AML Data Governance, Client Onboarding, Enterprise Data Lake, Middle Office, Technology Teams, and the Business (when necessary), This role is critical to building accurate inherent risk profiles for in-scope Assessment Units as part of the annual risk assessment process. The successful candidate will demonstrate strong proficiency in Excel, including pivot tables, macros, and vlookups, to extrapolate and reconcile data from diverse sources into cohesive analytic outputs. These outputs will provide visibility into risk profiles and emerging trends, enabling the team to move beyond surface metrics and deliver management with a clear understanding of current and evolving risk dynamics. In addition, the Analyst will leverage PowerPoint to create charts and diagrams that effectively convey complex risk views, ensuring inherent risk profiles are presented in a manner that is accessible, insightful, and actionable for senior stakeholders.

Requirements

Minimum of 1-3 years in financial services operations and AML/ATF compliance;
Minimum Bachelor’s degree in business, related field or equivalent experience;
Strong communications, analytical and organizational skills;
Knowledge of GBM and GTB businesses (including capital markets), products, operations, systems, and organization; and
Knowledge of AML/ATF regulatory requirements and expectations.
Efficient, and organized, with some experience in conducting multi-stakeholder project plans initiatives for similarly sized foreign financial institutions, with a specialization in global banking.
Ability to work independently and cooperatively as a team
Good problem-solving and time management skills
Excellent flexibility and change management skills
Demonstrates interest to learn

Nice To Haves

ACAMS certified preferred;
Spanish and/or Portuguese speaking strongly preferred;

Responsibilities

Support the annual ML/TF and Sanctions Risk Assessment by coordinating with in-scope business units across the global footprint and engaging with regional compliance teams to ensure consistency, accuracy, and timely delivery of results.
Collect, analyze, and harmonize client, product, and geographic data in alignment with guidance from the Risk Assessment Team and the established methodology and procedures document, ensuring data integrity and defensibility.
Codify and document data acquisition processes within a newly established data procedures manual, capturing background, steps, and rationale to deliver transparency across the end-to-end process and enable 2nd Line Testing to review and validate the approach.
Analyze identified issues, trends, and risks with a resolution-oriented mindset, coordinating appropriate responses based on established criteria and escalating where necessary to strengthen program resilience.
Support the AML Governance Team during regulatory exams by preparing and delivering exam responses, particularly where inquiries focus on inherent risk surveys and data for in-scope Assessment Units.
Identify and articulate risk assessment findings and observations through data analytics and reviews, creating a clear vision for management that highlights gaps, oversights, and opportunities for remediation to reinforce the control framework.
Review and validate risk outputs and control effectiveness assessments to ensure accuracy, reliability, and alignment with program standards.
Contribute to the continuous enhancement of the Risk Assessment Methodology and Procedures, integrating industry and regulatory best practices to maintain defensibility and relevance.
Support the quarterly risk assessment development and execution process, incorporating client risk rating data from Onboarding, synthesizing issues management data, and integrating perspectives from the BSA/AML Officer to provide a holistic view of risk.
Collaborate on New Product Initiative reviews and assessments, ensuring risk assessments are fully informed by data provided throughout the process and aligned with program standards.
Support risk assessments for new products, services, and vendor relationships across the global footprint, ensuring comprehensive coverage and defensible outcomes.
Build and sustain trust-based relationships with partner groups and cross-functional data teams including Finance, Technology, Middle Office, and Data Governance, fostering collaboration and a cooperative spirit to meet data requirements for the annual risk assessment process.
Actively pursues effective and efficient operations of his/her 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.