Associate, Global Banking and Markets, Onboarding - London, United Kingdom - Scotiabank

Scotiabank

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Requisition ID: 178423

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

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Purpose_**Supports the GBM Onboarding team in Europe with Data Metrics, strategic projects and initiatives, and KYC Quality Control.

Control function encompasses assessment for GBM KYC of a new customer, addition of a product/fund, trigger event and periodic review regulatory onboarding activities across all risk levels to ensure that they are executed/delivered in compliance with all governing regulations, internal policies and procedures.

Including, but not limited to; KYC, AML, ATF, Sanctions and where applicable; EMIR, Dodd-Frank, Canadian Derivatives, FATCA, CRS and FCA Client Categorization.

In this QC capacity, the incumbent will also support KYC analysts to enhance process, controls and data quality, as well as building the team capabilities.

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Accountabilities_**- Support GBM Onboarding management with priority initiatives, projects, new system functionalities user testing, and other initiatives to ensure deliveries of assigned tasks are timely, complete and with high quality.

Manage and produce management Information utilizing GBMO data sources:

Executive decks for the key regional forums Financial Crime Committee, Third Party Risk Management, Risk Committees
Support regional GBMO data requests and reconciliations
Data Retention tracking and Compliance
Service Level Agreements Monthly Metrics, Global Coordination and Dashboard Upload
BCP review and updates
Annual KRI refresh
Collaborate with GBM Onboarding management and team to implement new processes/procedures to address policy changes, global procedure changes. Maintain up to date procedures ensuring timely reviews when due.
Synthesize QC findings and identify patterns and to provide feedback and recommendations to KYC management; provide insight to KYC management and KYC analysts team to identify root cause and refine process to enhance quality and controls to prevent errors and build team capabilities.
Support team management with Audits, Compliance and 1st Line testing and challenge their findings. Coordinate the actions required to resolve any gaps identified.
Challenge the existing processes and implement process improvements. Support transition of administrative tasks out of London and to centralized teams.
Adopt a global mindset, collaborate with GBM Onboarding and GBM 1st Line AML program globally across 1A and 1B functions, share and adopt best practices, enhance overall GBM Onboarding and 1st line function to support GBM's global client overage and holistic AML and regulatory control needs.

Support the Quality Control team when volumes increase, or capacity is low to approve KYC file completion by conducting quality control tasks:

Review customer on-boarding, trigger events, periodic refresh and remediation documentation and Fenergo record as assigned to determine KYC analysis and data quality gaps under the standard QC templates.
Ensure all AML controls are reviewed appropriately; namely, quality control the AML, ATF, Sanctions, PEP and adverse news screening that has been performed within the customer file. Ensure appropriate business line/EDD/1B/AML/GSO/FCC narrative and approvals have been provided Escalate material issues for further review/escalation by management.
Review repair results and address inquiries from KYC Analysts in their repair work; ensure that customer files are approved according to all governing regulations, internal policies and procedures; perform QC approval in Fenergo book of record.
Approve KYC files once review and relevant repairs completed
Ensuring QC review and approval are conducted with timeliness, completeness, and high quality
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday 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.

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Dimensions_**- This position 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 UK.

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 global stakeholders from all levels and business lines. Communication and making linkages across multiple areas will be critical to the success of the role.
The position requires structured and disciplined approach to quality management, data management, metrics and reporting as well as a continuous improvement and innovative