Associate Director, US KYC Refresh

Scotiabank•New York, NY

1d•Onsite

About The Position

Manage and assist in the onboarding of new client relationships, working with the business lines and clients. Includes US KYC / AML, Dodd Frank, FATCA and other regulations impacting the US Business. Escalates AML related issues and concerns to appropriate teams. Calculate metrics on a daily/weekly/monthly basis. Look for and implement opportunities to enhance process/procedures.

Requirements

Minimum of 7-10 years in financial services and recognized expertise of current and anticipated regulatory frameworks impacting client onboarding in the US – namely, US KYC/AML, Dodd-Frank and FATCA/Tax
Minimum Bachelor’s degree in business, related field; compliance or equivalent experience
A sound understanding of the banking and capital markets business is necessary, as is client-centric approach to the role.
Must have broad knowledge of the end-to-end workflows among the Front, Middle and Back Offices.
Will require work outside of traditional business hours from time to time
Must be able to operate effectively within a stressful environment with changing priorities and tight time frames
Knowledge of quality assurance processes
Strong communications, analytical, organizational, project/change management, and planning skills
Knowledge of businesses, products, operations, systems, and organization

Responsibilities

Facilitate the regulatory onboarding of US clients in an efficient, compliant and client-centric manner.
Resolve day-to-day matters/escalations for the regulatory onboarding team (1A) in the US; escalate complex issues to appropriate departments for resolution.
Continually acquire and enhance knowledge of both the Bank’s and the Division’s business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, and Bank Office processes.
Collaborate with business line management to develop processes and procedures to implement and maintain the business line AML Program, including customer on-boarding, customer refresh, name screening.
Follow and adhere to AML controls; including review of high risk customers, screenings (PEP, Negative News, Sanctions, etc.), and standard KYC / AML policies.
Develop and report KYC metrics, and prepare management reports/presentations for stakeholder meetings.
Continuously look to improve/streamline the onboarding process for efficiency gains by understanding the end-to-end flow.
Coordinate with multiple teams in the process flow to ensure efficiency; identify real/potential gaps and fix/escalate accordingly.