Associate, US Client Onboarding

Scotiabank•New York, NY

1d•Onsite

About The Position

Assists in the onboarding of new client relationships, working with the business lines and clients. Includes US KYC / AML, FINRA, BSA, SEC, FATCA and other regulations impacting the US Business. Escalates KYC, AML & Sanctions related issues and concerns to appropriate teams.

Requirements

Minimum of 4-6 years in financial services and recognized expertise of current and anticipated regulatory frameworks impacting client onboarding in the US – namely, US KYC/AML (BSA, PATRIOT Act, FINRA Rules) and FATCA
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.
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 management, and planning skills
Knowledge of businesses, products, operations, systems, and organization
Ability to work independently and in team setting

Nice To Haves

Recognized subject matter certifications preferred (CAMS, CGSS, FIS, etc.)
Will require work outside of traditional business hours from time to time

Responsibilities

Facilitate the regulatory onboarding of US Global Banking and Markets clients in an efficient, compliant and client-centric manner
Resolve day to day matters for the regulatory onboarding operations teams 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
Follow and adhere to AML controls; including review of high-risk customers, PEP screenings, and standard KYC / AML policies
Develop and report KYC metrics, and prepare management reports for stakeholder meetings
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 scanning
Work with team members and stakeholders to implement new procedures and regulations to meet and exceed internal / external audit standards