Associate, US KYC Refresh

Scotiabank•New York, NY

1d•Onsite

About The Position

Assists in the KYC Refresh of GBM clients, 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 3-5 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
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
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

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

Responsibilities

Facilitate the Periodic Refresh of US Global Banking and Markets clients in an efficient, compliant and client-centric manner
Work with team members and stakeholders to implement new procedures and regulations to meet and exceed internal / external audit standards
Follow and adhere to AML controls; including review of high-risk customers, PEP screenings, and standard KYC / AML procedures
Update KYC platform tool with new / updated client information, as required
Resolve day to day matters during the refresh process; escalate complex issues to appropriate departments and team members 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.