Scotiabank

Senior Investigator, AML Investigations Unit (Transaction Monitoring Case Investigations)

Scotiabank • $75K — $95K *
Mississauga, ON L4T 0A1In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • University degree or equivalent; 2+ years of experience in AML/risk disciplines, or 5 years' experience in AML/law enforcement may substitute for degree
  • Demonstrated expertise in money laundering and terrorist financing investigations
  • Knowledge of local AML laws and regulations
  • Strong understanding of financial transactions and associated technologies
  • Good investigative skills with a grasp of complex financial transactions
  • Strong writing and analytical skills
  • Ability to exercise sound judgement regarding risk materiality

Responsibilities

  • Conduct and document AMLI investigations in line with enterprise policies
  • Perform complex investigations and report on trends and outcomes
  • Analyze client activity for signs of unusual transactions
  • Investigate high-risk clients, including PEPs and sanctions
  • Deliver investigative findings and suggest operational improvements
  • Report identifiable risks in compliance with regulatory timelines
  • Advise senior staff on investigation status and findings

Benefits

  • Contribute to a collaborative and inclusive work environment
  • Join a forward-thinking organization with innovative teams
  • Enjoy a competitive compensation with comprehensive benefits
  • Be part of an organization committed to community impact
  • Receive recognition for high performance with support for career development
Full Job Description
Requisition ID: 268592

The Senior Investigator contributes to the overall success of the Anti-Money Laundering Investigations (AMLI) by conducting money laundering (ML) and/ or terrorist financing (TF) investigations.

This role investigates time-sensitive transaction monitoring cases referred to the AMLI, 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 AMLI (as required), or to recommend that potential Reasonable Grounds to Suspect (RGS) exists and refer to AMLI 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.

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

  • Perform and document AMLI investigations, including clearly reasoned findings, along with maintaining supporting information, in accordance with Enterprise AML and internal policies and procedures.
  • Perform increased risk and/or complex investigations, and provide both recommendations and reports, as appropriate, on investigative trends and outcomes.
  • Investigate Client records, activities, and account information to determine whether unusual activity may indicate RGS.
  • Identify and investigate high-risk Clients, including, but not limited to, potential politically exposed persons (PEPs)/politically exposed foreign persons (PEFPs), and/or Sanctions, and refer, as appropriate, to internal partners (e.g., EDDU, Global Sanctions, etc.).
  • Prepare and deliver investigative results to the appropriate staff, including identification of trends and areas of improvement.
  • Identify and report RGS within the regulatory reporting requirements and timelines.
  • Recommend risk-mitigation actions and next steps at the conclusion of case investigations, including, but not limited to, demarketing, retain, or Caution List recommendations.
  • Apprise and advise senior personnel regarding ongoing investigations and findings.
  • Provide mentoring, coaching, and feedback regarding recommendations and best practices for enterprise investigations, as appropriate.
  • Share subject matter expertise and provide specialized advice, guidance, and direction to team members on ML/TF and case investigations.
  • Maintain up-to-date knowledge and skill sets relevant for ML/TF, Sanctions, and other regulatory matters to perform case investigations.
  • Identify challenges and obstacles related to the team's objectives and escalate them accordingly.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursue effective and efficient operations of his/her respective areas, 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, 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.
  • Champion a high-performance environment and contribute to an inclusive work environment.
  • Prepare and review STR reports to ensure all regulatory requirements are met to support the accurate and timely submission of STR reports to FINTRAC.


Do you have the skills that will enable you to succeed? We'd 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.
  • 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.
  • Strong writing and analytical skills.
  • Demonstrated ability to exercise sound judgement as to the materiality of risks identified.
  • Proven ability in determining required risk mitigation activities with appropriate consideration of the impact of 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.
  • Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.
  • Exemplary integrity and ethics in all instances.


What's in it for you?

  • Champion a high-performance environment and contribute to an inclusive work environment.
  • The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
  • A competitive compensation and comprehensive benefits plan.
  • An organization committed to making a difference in our communities-for you and our customers.
  • You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.


Location(s): Canada : Ontario : Mississauga

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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