Job Information
Scotiabank Associate, GBM Onboarding Correspondent Banking (GWO) in Toronto, Ontario
Associate, GBM Onboarding Correspondent Banking (GWO)
Requisition ID: 224479
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Perform onboarding and periodic refresh of Scotiabank Third Party Correspondent Banking clients
Is this role right for you? In this role, you will:
Lead and mentor a KYC AML team of 3-5 people.
Facilitate regulatory onboarding and refresh of Third-Party Correspondent Bank relationships globally.
Conduct KYC due diligence and risk assessment.
Complete Account Activity Reviews
Interact with bankers and relationship managers to gather required information.
Follow up with internal partners for timely actions.
Update systems and databases with client information/documentation.
Handle inquiries and ad hoc requests from internal clients, including Compliance.
Produce high-quality, error-free work independently and manage volume spikes.
Prioritize work, including ad-hoc requests and projects, to meet business demands.
Respond to changes in regulations, new business, and technology projects.
Assist managers in providing regular status updates to management.
Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:
Degree in Finance, Business, Economics, or related discipline.
Understanding of correspondent banking, SWIFT, payments, Trade Finance, and capital markets.
Experience with conducting account activity reviews forof Third-Party Correspondent Bank relationships
Broad knowledge of end-to-end workflows among Front, Middle, and Back Offices.
Experience with regulatory frameworks (KYC/AML, FATCA, G20 OTC derivative reform).
Familiarity with applications like World Check, Fenergo.
Adequate AML/CFT/Sanctions knowledge to mitigate risks and meet regulatory obligations.
Compliance knowledge in Financial Services, including AML/CFT certification (e.g., ACAMS).
Spanish speaking (preferred but not mandatory).
Work Arrangement: This position is currently a Hybrid role. Please note that this is subject to change based on the needs of the business.
Interested?
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.