Senior Investigator, HRCO & FIU/SIU/SIUP

Requisition ID: 233350

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

The Global AML/ATF 2nd line of defense for Canadian Banking and Wealth (hereinafter referred to as CBW) serves as an escalation point for the business lines and units as well as a facilitator for policy interpretations.

The Senior Investigator contributes to the overall success of the HRCO and the Canadian FIU SIU or the SIUP team but is a global role in scope which spans all LOBs by conducting money laundering (ML) and/or terrorist financing (TF) investigations and supporting the HRCO/FIU/SIU/SIUP manager conducting reviews and providing feedback on risks associated with any HRCO-designated high-risk customer activities escalated to AML Risk in Canadian Banking Global Wealth Management (Canada) and other lines of business as required.

This position will be responsible for supporting the maintenance of the HRCO escalation process as well as the development of ongoing mechanisms to mitigate risks associated with other similar complex scenarios while safeguarding quality and managing AML/ATF and Sanction risks.

The Senior Investigator investigates time-sensitive transaction monitoring cases referred to the FIU/SIU/SIUP by AML Operations and/or other internal or external sources to determine whether activity is reasonable for the Client/focal party and can be closed with referral to HRCO and FIU/SIU/SIUP Manager (as required) or to recommend that potential Reasonable Grounds to Suspect (RGS) exist and refer to the FIU Manager and/or delegate for suspicious transaction report (STR) approval. Ensures all activities conducted comply with governing regulations as well as internal policies and procedures.

The Senior Investigator may be responsible for producing and distributing AML Client Intelligence Reviews (AML CIRs) and supporting the production of AML Client Risk Reports (AML CRR) pertaining to both prospective and existing borrowing relationships in an effort to mitigate financial operational and reputational risks to the Bank. Participates in a cross-functional AML CRA team to ensure effective detailed and appropriate investigations are conducted.

Is this role right for you In this role you will:

• Oversee up-to-date workflows/record keeping of escalations to the 2nd line. Ensure key milestones are met while meeting productivity targets.
• Support manager oversight on behalf of the Group CAMLO for all HRCO-designated high-risk customer activities (EDD STR Sanctions etc.) for Canada and Global Wealth to make sure appropriate risk mitigation strategies have been applied by:

• Supporting the execution of the Terrorist Incident Group Event Response (TIGER) protocol and mitigating the AML risks of other complex scenarios such as external referrals (i.e. Production Orders GRIDs etc.);
• Facilitating and participating in meetings with the relevant stakeholders as required;
• Conducting HRCO-designated high-risk case reviews to ensure all identifiable risks have been mitigated;
• Assisting HRCO management in delivering support to AML Advisory teams by driving consistent oversight and management of HRCO-designated high-risk customers and ensuring appropriate decisions are obtained aligned with approved policies and processes;
• Working with HRCO management as well as with the AML Advisory teams and the business to develop and articulate our customer risk appetite for particular customer segments and ensure this is applied to decision-making;
• Identifying and investigating high-risk Clients including but not limited to potential politically exposed persons (PEPs)/politically exposed foreign persons (PEFPs) and/or Sanctions and referring as appropriate to internal partners (e.g. EDDU Global Sanctions etc.);
• Identifying and suggesting ML/TF awareness training needs to discuss trends and changes in AML typologies;
• Requesting and analyzing information from internal departments and external sources to support the production of AML Client Risk Reports (AML CRR);
• Conducting complex enterprise-wide corporate risk assessments using public and proprietary data sources.

• Collaborate with partners (EDDU Sanctions etc.) in the review of business processes resulting in recommendations to the Manager for measurable improvements while leveraging reusable (process) components structures and enterprise-wide technologies that are effective and efficient and ensuring that risk is minimized by:

• When directed by the Manager conducting needs analyses to implement effective procedures and/or improve/replace with more efficient customer-centric AML and TF processes and procedures that will mitigate reputational regulatory and financial risk to the bank;
• Making recommendations to the Manager to change policy that results in increased productivity with no increase in risk;
• Making recommendations to the Manager to enhance the employee and customer experience while effectively mitigating AML/TF;
• Identifying trends and potential AML/TF concerns and working with the Manager as well as key stakeholders to ensure they are known and appropriate risk mitigation strategies are developed.

• Oversee projects working independently (at the direction of the Manager) or within cross-functional teams by:

• Collaborating on and developing proposals;
• Coordinating with the enterprise training group and business lines to ensure appropriate training on managing high-risk customers is in place for relevant stakeholders and where relevant delivering training;
• Establishing milestones and assessing work effort;
• Working with a diverse working group with varying expertise and job levels;
• Ensuring all deliverables are completed within negotiated timeframes and within established department guidelines and protocols escalating as necessary.
• Performing and documenting FIU/SIU/SIUP ML/TF investigations including clearly reasoned findings and supporting documentation in accordance with Enterprise AML and internal policies and procedures;
• Performing increased-risk and/or complex investigations and providing recommendations and reports on investigative trends and outcomes;
• Investigating client records activities and account information to determine whether unusual activity may indicate RGS;
• Preparing and delivering investigative results to appropriate staff including identification of trends and areas for improvement;
• Identifying and reporting RGS in accordance with regulatory reporting requirements and timelines.
• Recommending risk mitigation actions and next steps at the conclusion of case investigations including but not limited to demarketing retention or Caution List recommendations.
• Sharing subject matter expertise and providing specialized advice guidance and direction to team members on ML/TF and case investigations;
• Maintaining up-to-date knowledge and skills relevant to ML/TF Sanctions and other regulatory matters to support case investigations;
• Identifying challenges and obstacles related to team objectives and escalating them appropriately;
• Understanding and applying the Banks risk appetite and culture in day-to-day activities and decision-making;
• Actively pursuing effective and efficient operations in your area while ensuring adherence to and effectiveness of business controls to meet obligations related to operational risk regulatory compliance risk and conduct risk. This includes responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework AML/ATF Global Handbook and Guidelines for Business Conduct;
• Championing a high-performance environment and contributing to an inclusive workplace.

Do you have the skills that will enable you to succeed Wed love to work with you if you have experience with:

• University degree or equivalent and a minimum of 2 years of experience in AML and/or risk disciplines. Extensive investigative skills along with 5 years of documented AML or law enforcement experience may substitute for university degree requirements.
• Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.
• Demonstrated expertise in ML/TF investigations.
• Knowledge of local and relevant AML laws and regulations.
• Strong understanding of financial transactions along with an understanding of technology.
• Good investigative skills and demonstrated understanding of complex financial transactions.
• Demonstrated ability to exercise sound judgment as to the materiality of risks identified.
• Proven ability in determining required risk mitigation activities with appropriate consideration to the impact on the business line.
• Good interpersonal and communication skills.
• Uses an analytical approach to problem-solving coupled with attention to results and a sense of urgency.
• Ability to communicate in French and/or Spanish is an asset.
• Advanced knowledge of Canadian Banking and Wealth business units functions procedures products policies and how the various supporting units interact.
• A working knowledge of bank accounting and internal controls.
• Ability to identify gaps and trends through existing departments in the Bank.
• Proficient short and concise written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties.
• Excellent time management skills to meet strict deadlines.
• Thorough knowledge of related regulatory requirements including KYC AML Anti-Terrorist Financing Policies Compliance Control & Operational Risk Self-Assessments legislation and procedures.
• Thorough knowledge of the Banks interactive systems including Excel PowerPoint Word Power BI SharePoint Acrobat.
• Advanced knowledge of core AML systems (Oracle Navaera Certapay IntraLink Applications etc.).

Whats in it for you

• In-depth training to prepare you for the role as well as ongoing coaching and feedback to help you succeed!
• Youll be part of a diverse collaborative innovative and high-performing team
• We offer a competitive rewards package:
• Performance bonus Employee Share Ownership Program and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance team events and opportunities to participate in the community.
• Your career matters! You will have access to career development and progression opportunities.

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 please click here. 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.