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Senior Analyst, KYC Onboarding & Remediation, GBM Onboarding UK

Job ID 111003 Oct. 09, 2021 London, United Kingdom

Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace
Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.


Performs KYC activities which may cover GBM new customer onboarding, trigger events, periodic review, regulatory onboarding and remediation initiatives across all risk levels as assigned. Conducting the required CDD, EDD, SEDD, AML, ATF, sanctions, adverse news screening and where applicable, EMIR, Dodd-Frank, Canadian Derivatives, FATCA, CRS and FCA client categorization (MiFID II) emanating from all the governing regulations, internal policies and procedures.In this capacity, the incumbent will also support the GBM Onboarding management to enhance process and controls as well as data quality.


Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Conduct KYC CDD, EDD, SEDD activities for GBM Europe customers including but not limited to new onboarding, trigger events, Periodic Review and remediation initiatives, to ensure that KYC activities are executed in compliance with the all governing regulations, internal policies and procedures.

Conduct thorough analysis to support a reasonable and accurate assessment consistent with the Customer Risk Rating(‘CRR’) methodology;

Conduct client review based on the Customer’s assigned risk using existing and/or publicly available information;

Prepare and conduct client outreach in an efficient and compliant manner and adopt a client-centric approach; ensuring transparency of the process and status of the customer file are provided to the relevant stakeholders (such as the business/Relationship managers);

Identify and escalate any issues or risks that require further supervision or assistance from team leads and senior management in a timely manner.

Ensure the timely and accurate entry of data and documentation into Fenergo book of record which has been collected as part of the KYC activities;

Ensure all operational trackers required are updated to ensure accuracy of metrics;

Ensure KYC or related remediation activities conducted with timeliness, completeness and high quality. Ensure the quality of KYC work not compromised while driving timely delivery. Conduct file repair as a result of both Quality Control and Quality Assurance process.

Pro-actively deepen knowledge of the governing regulations, policies and procedures, as well as to effectively apply them to the day to day KYC due diligence process. Share learnings and best practices with the team and support new team members with relevant training as assigned;

Pursue process enhancement by identifying opportunities and collaborate with GBM Onboarding management and the QC team to enhance effectiveness and efficiency of the KYC process, ensure sound customer interactions, solid data quality, and sound AML controls.

Actively pursues effective and efficient operations of his/her respective activities, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.


Minimum experience in financial services in AML KYC or other AML/ATF and compliance related functions;

Minimum Bachelor’s degree in business, related field, finance, audit or equivalent experience; CAMS certification desirable

Sound knowledge of current and anticipated regulatory frameworks impacting client onboarding knowledge of European KYC/AML. CANDER, Dodd Frank, EMIR and FATCA knowledge will be an asset.

Solid understanding of the global banking and capital markets business lines, products, services, operations, systems, as well as workflows across the Front, Middle and Back Offices. Ability to understand the structures for different entity types and the geographic risks associated to the Customer.

Exhibit sound judgment to detect, solve, or escalate problems efficiently and effectively. Taking full responsibility and ownership for all tasks/activities performed.

Strong communication and analytical skills; Strong team player

Must be able to operate effectively within a stressful environment with changing priorities and tight time frames which are closely scrutinized by Senior/Executive Management


This position supports the GBM Onboarding Europe KYC. This requires a solid understanding of UK and other relevant European KYC/AML requirements and basic understanding of KYC/AML for other jurisdictions including US, Singapore, HK and Canada.

This position requires solid understanding of the GBM business, key products, clientele and various legal entity structure types.

The incumbent will be required to work with external clients and stakeholders from all levels and business line. Communication and making linkages across multiple areas will be critical to the success in this role.

The position may require multiple concurrent activities under intense deadlines, overtime might be required from time to time

Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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