Business Risk Management Associate

Scotiabank; Bogotá; On-site; COP 70,000,000 - 95,000,000; Full time

Job summary

ScotiaGBS in Bogota, Colombia is seeking a Business Risk Management Associate to support the design and execution of AML/KYC testing within the GBM First Line. The role emphasizes risk assessment, issue management, and regulatory responsiveness across global programs.

You will collaborate with global teams, update scripts, and produce regular reports while maintaining strong control environments. Fluency in English is required.

Qualifications

• Bachelor’s degree in business administration, finance, law, or equivalent.
• ACAMS certification preferred.
• Experience in control/audit in financial services or consulting.

Responsibilities

• Lead and/or support testing and QA reviews for GBM/AML controls.
• Prepare monthly statistics and reports for stakeholders.
• Perform risk-based testing of key GBM controls.
• Update testing scripts to align with policies and regs.
• Engage with stakeholders to address gaps and remediation actions.
• Contribute to training and development of GBM testing methodologies.

Skills

Strong communication

Analytical skills

Project management

Excel

PowerPoint

Outlook

SharePoint

Access

Power BI

Education

Bachelor’s degree in business/finance/law or equivalent

ACAMS certified preferred

Tools

Microsoft Office Suite

SharePoint/Access

Power BI

Excel

Word

PowerPoint

Outlook

Job description

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Title: Business Risk Management Associate

Requisition ID: 277920

Thanks for your interest in ScotiaGBS, the best campus in Bogota.

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

Purpose

While you will be situated in Colombia, you will contribute to the effective design and execution of Global Banking and Market’s (GBM) First Line (FL) and Anti-Money Laundering (AML) Testing program globally; ensuring business strategies, plans and initiatives are carried out in compliance with governing regulations, internal policies, and procedures. In addition, this role also supports high priority initiatives such as Risk Assessment, Issue Management, and regulatory response for the overall program.

Accountabilities

• Lead and/or support a variety of periodic (and/or ad-hoc) testing and quality assurance reviews for FL or non- AML services into GBM business lines based on an annual plan or management requirements.
• Conducts testing and quality assurance of critical components of the AML and Sanctions programs, with an emphasis on Know-Your-Customer (KYC) processes and controls, Trade Finance, name screening review and escalation processes, among others.
• Prepare monthly statistics and reports for the appropriate stakeholders providing results of the various tests/reviews that are performed
• Perform risk-based testing to assess the operating and/or design effectiveness of key GBM controls and processes in accordance with GBM First Line and AML Testing Procedures. The reviews will require good knowledge of GBM processes, products, and risks and understanding of how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Testing will cover a broad variety of GBM-related procedures and risks, including regulatory onboarding procedures that impact GBM business trading activity (Dodd-Frank, EMIR, Canadian Trade Reporting), and will require good knowledge of GBM processes, products, and risks.
• Review and update testing scripts to align with policies, procedures and relevant regulations
• Work closely with tested areas and other stakeholders to identify and address patterns, themes, or trends that indicate potential weaknesses or gaps in the execution of GBM First Line and AML Controls. to socialize and review identified issues, draft and socialize formalized issues and work with relevant stakeholders on remediation and action plans
• Champions a client-driven culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Perform analysis to identify and address patterns, themes, or trends that indicate potential weaknesses or gaps in the execution of GBM First Line and AML Controls.
• Provide effective and constructive feedback to the First Line of Defense within GBM on identified deficiencies, supporting the development of appropriate corrective and preventive actions plans as required.
• Draft periodic reporting of findings and progress against remediation objectives to management and other key stakeholders.
• Support continuous development on GBM First Line and AML Testing Methodologies.
• Support in the development of training, where appropriate, based on testing results, lessons learned and progress of corrective actions.
• Developing and maintaining key relationships with stakeholders (e.g., global derivatives compliance teams, GBM BRM stakeholders).
• Actively pursues effective and efficient operations of their 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, and the Guidelines for Business Conduct.
• Participating in ongoing initiatives and projects, as required.
• Champions a high-performance environment and contributes to an inclusive work environment

Education / Experience / Other Information

Required

• Bachelor’s degree in business administration, finance, law, or equivalent work experience
• Minimum of 3 years of experience in control and audit processes in financial services and/or consulting, AML/ KYC.
• ACAMS certified preferred
• Working knowledge of testing methodologies, risk and control analysis or quality assurance.
• Knowledge of businesses, products, operations, Microsoft Office Suite, especially Word, Excel, PowerPoint and Outlook, strong communication (written & oral), analytical, organization, project management/planning skills; proficient in excel, SharePoint and/or access a plus
• Fast learner, strong analytical skills, and critical thinking capabilities to frame and structure complex issues effectively and develop insights and recommendation.
• Highly organized with an ability to work in a fast-paced, multi-stakeholder environment and manage multiple priorities; Ability to prioritize tasks; creative problem solving and the ability to motivate others and implement new solutions.
• Excellent command of English (reading, writing and speaking skills).

Preferred

• Experience in audit, compliance, trade surveillance, operational risk, quality assurance and/or project management.
• Knowledge of capital markets and wholesale banking products, OTC Derivative trading activities, and related regulatory requirements (e.g., Dodd-Frank, EMIR, Canadian Trade Reporting).
• Data and financial analysis with ability to manage large datasets – analytics skill, programming skills and/or knowledge of Power BI.

Working Conditions

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• Global coverage will require conference calls during Asian and European business hours
• Significant degree of sensory attention and concentration required within an open concept office environment.
• Ability to maintain confidentiality of information within an open-concept office environment.
• Ability to deal with time sensitive requests, competing priorities and fluctuating call, email volumes

Location(s): Colombia : Bogota : Bogota

Scotia GBS is a Scotiabank Group company located in Bogota, Colombia created to support different processes of the Bank and the development and execution of its global services strategy in 15 countries in the Americas. It is composed of 7 service units. We offer an inclusive, positive work environment, and competitive benefits.

At ScotiaGBS, 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. We thank all applicants for their interest in a career at ScotiaGBS; however, only those candidates who are selected for an interview will be contacted.