Senior Business Analyst, AML Problem Management, Global Sanctions & Screening, Global Compliance

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Professional development

Job summary

Scotiabank in Toronto seeks a Senior Business Analyst to lead AML problem management across Name Screening and Transaction Monitoring. You will address root causes, manage issue lifecycles and collaborate with IT, LOBs and vendors to ensure AML compliance while driving process improvements.

The role emphasizes data-driven analysis, stakeholder influence, and proactive risk management in a fast-paced financial environment.

Qualifications

• Understanding of the Issue Management lifecycle and AML requirements.
• Strong communication skills to influence and engage stakeholders.
• Analytical and problem-solving capabilities; ability to manage multiple priorities.

Responsibilities

• Identify and classify problems impacting AML value streams.
• Conduct root cause analyses for complex issues.
• Coordinate with teams to implement solutions preventing recurrence.
• Manage lifecycle of problems from detection to resolution.
• Develop proactive strategies to identify and eliminate issues.
• Document activities and report metrics for continuous improvement.
• Participate in projects to improve name screening and transaction monitoring.
• Collaborate with IT, LOBs, and vendors to ensure compliance.
• Support personal development and knowledge growth in Business Process Design.
• Oversee change readiness, testing, and release governance.

Skills

Issue Management lifecycle

AML requirements

Communication skills

Analytical problem-solving

Stakeholder engagement

Education

Bachelor's degree in business, Finance, Economics, Computer Science, or related field

Tools

SQL

Power BI

Job description

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Title: Senior Business Analyst, AML Problem Management, Global Sanctions & Screening, Global Compliance

Requisition ID: 275353

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

The Senior Business Analyst is accountable for the analysis, implementation, and ongoing functional support of the AML/ATF Enterprise Solutions Name Screening, Transaction Monitoring, Transactional Screening, Client Risk Rating & Quantifind. The incumbent is also responsible for overseeing the end-to-end management of problems and issues related to these programs, including identifying, analyzing, and resolving the root causes of recurring incidents to support timely resolution, operational efficiency, and minimal impact to business activities.

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

• Problem Identification and Classification: Identify and classify problems and issues impacting various value streams within AML
• Root Cause Analysis: Conduct thorough investigations to diagnose complex problems and determine their root causes
• Resolution Implementation: Coordinate with relevant teams to design and implement solutions that prevent the recurrence of identified problems
• Lifecycle Management: Manage the lifecycle of problems from detection to resolution, ensuring all activities are documented and tracked
• Proactive Problem Management: Develop strategies to proactively identify and eliminate potential issues before they escalated
• Documentation and Reporting: Create and maintain accurate records of problem management activities, including metrics for reporting and continuous improvement
• Projects and Enhancements: Participate in various projects and enhancement initiatives aimed at improving the efficiency and effectiveness of the name screening and transaction monitoring processes. Collaborate with cross-functional teams to implement solutions and drive continuous improvement. Identify and document business requirements, ensuring completeness and proper understanding and delivering on expectations
• Collaboration: Develops and maintains strategic relationships with internal key stakeholders including IT departments and assigned LOB within Canadian Banking/ Wealth Management, International Banking and Global Banking & Markets to support the product owners in maintaining compliance in jurisdictions of which Scotiabank has a presence
• Development: Manages personal development to ensure knowledge and skills related to Business Process Design are continually enhanced.
• Change Management & Release Governance: Manages change readiness, testing, and release governance to ensure system updates are implemented safely and in line with AML controls.
• Operational Analysis: Perform operational-level analysis for high-complexity files and meta investigations, ensuring timely and complete resolution
• System Ownership & Vendor Management: Serves as the functional lead and primary liaison with different vendors to manage defects, upgrades, and compliance-aligned vendor delivery.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Strong understanding/experience of the Issue Mangement lifecycle
• In-depth knowledge of anti-money laundering requirements
• Well-developed communication skills, with the demonstrated ability to influence and engage stakeholders effectively
• ACAMS Certification is considered an asset
• Strong analytical and problem-solving capabilities, with the ability to manage multiple priorities and deliver high-quality results within tight timelines
• Thorough time management skills in order to satisfy the needs of a large client group and to manage several initiatives simultaneously
• Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, Project, and Visio, as well as knowledge of the Bank’s interactive systems
• Minimum of 1-3 years of experience in AML, Risk Management, Issue Management.
• Experience using SQL and Power BI are considered an asset
• Bachelor’s degree in business, Finance, Economics, Computer Science, or a related field

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 : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and our 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. 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.