Senior Business Analyst, Transaction & Name Screening Strategic Initiatives Problem Management

Scotiabank•Toronto, ON

1d•Onsite

About The Position

The Senior Business Analyst is accountable for the analysis, implementation, and ongoing functional support of the AML/ATF Enterprise Solutions Name Screening and Transaction Monitoring programs. The incumbent is also responsible for overseeing the end-to-end management of problems and issues related to these programs, including identifying, analyzing, and resolving the root causes of recurring incidents to support timely resolution, operational efficiency, and minimal impact to business activities. Responsible for supporting 2nd Line AML/ATF Name Screening Solutions, Global AML/ATF Enterprise Solutions activities related to Name Screening customers against the appropriate lists to ensure compliance to regulatory requirements and Scotiabank AML/ATF policy needs.

Requirements

Bachelor’s degree in business, Finance, Economics, Computer Science, or a related field
Minimum of 1-3 years of experience in AML, having conducted transaction monitoring and name screening reviews
Strong understanding/experience of the delivery lifecycle
In-depth knowledge of anti-money laundering requirements
Well-developed communication skills, with the demonstrated ability to influence and engage stakeholders effectively
Well-developed communication skills, with the demonstrated ability to influence and engage stakeholders effectively
Strong analytical and problem-solving capabilities, with the ability to manage multiple priorities and deliver high-quality results within tight timelines
Thorough time management skills in order to satisfy the needs of a large client group and to manage several initiatives simultaneously
Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, Project, and Visio, as well as knowledge of the Bank’s interactive systems

Nice To Haves

ACAMS Certification is considered an asset
Experience using SQL and Power BI are considered an asset
Spanish language proficiency is an asset

Responsibilities

Identify and classify problems and issues that impact Name Screening and Transaction Monitoring processes
Conduct thorough investigations to diagnose complex problems and determine their root causes
Coordinate with relevant teams to design and implement solutions that prevent the recurrence of identified problems
Manage the lifecycle of problems from detection to resolution, ensuring all activities are documented and tracked
Develop strategies to proactively identify and eliminate potential issues before they escalate
Create and maintain accurate records of problem management activities, including metrics for reporting and continuous improvement
Participate in various projects and enhancement initiatives aimed at improving the efficiency and effectiveness of the name screening and transaction monitoring processes. Collaborate with cross-functional teams to implement solutions and drive continuous improvement. Identify and document business requirements, ensuring completeness and proper understanding and delivering on expectations
Develop and maintain strategic relationships with internal key stakeholders including IT departments and assigned LOB within Canadian Banking/ Wealth Management, International Banking and Global Banking & Markets to support the ACRM process in maintaining compliance in jurisdictions of which Scotiabank has a presence
Liaise with Technology Support Team to ensure effective systems and technology are in place to support the Name Screening Coverage implementation.
Manage personal development to ensure knowledge and skills related to Business Process Design are continually enhanced.
Manage change readiness, testing, and release governance to ensure system updates are implemented safely and in line with AML controls.
Perform operational-level analysis for high-complexity files and meta investigations, ensuring timely and complete resolution
Servs as the functional lead and primary liaison with different vendors to manage defects, upgrades, and compliance-aligned vendor delivery.