Analyst, Enhanced Due Diligence

Scotiabank; Dallas (TX); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Flexible benefit programs

Job summary

Scotiabank is seeking an Analyst, Enhanced Due Diligence to support their Global AML Program in Dallas, Texas. This role involves conducting in-depth due diligence reviews on high-risk clients and identifying financial crime risks. The ideal candidate will have a degree in business or a related field along with 2-5 years of experience in AML or financial crime risk management.

You will work collaboratively with various stakeholders to ensure compliance with regulatory standards while contributing to the overall risk management practices at Scotiabank. Join us to drive ambition for every future!

Qualifications

• Typically 2–5 years of experience in AML, KYC, EDD, or financial crime risk management.
• Foundational knowledge of AML/ATF and sanctions regulatory frameworks.
• Experience reviewing client information and identifying financial crime risk indicators.

Responsibilities

• Perform enhanced due diligence reviews for high-risk clients.
• Analyze client information and evaluate risk ratings.
• Prepare clear and structured EDD documentation.
• Escalate complex issues and support remediation actions.
• Support regulatory examinations and maintain compliance.

Skills

Strong analytical and critical thinking skills

Strong written and verbal communication skills

Attention to detail

Education

Undergraduate degree in Business, Finance, Law, or related discipline

Job description

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

The Analyst, Enhanced Due Diligence (EDD), Global AML contributes to the execution of the Bank’s Global AML Program by performing independent second line of defense (2LoD) due diligence reviews on high risk clients and elevated risk segments. The role is responsible for conducting structured risk assessments, identifying financial crime risk indicators, and documenting conclusions in accordance with established AML frameworks, standards, and regulatory expectations. The Analyst supports consistent, high quality client risk management practices and escalates issues requiring further review or decisioning.

What You'll Do

1. EDD Review Execution
   • Perform 2LoD enhanced due diligence reviews for high‑risk clients, including assessment of client profiles, ownership structures, business activities, and transactional behavior.
   • Assess the completeness, accuracy, and quality of EDD documentation prepared by the first line of defense.
   • Identify material risk indicators, including adverse media, sanctions exposure, jurisdictional risk, and typologies relevant to financial crime risk.
   • Apply established EDD methodologies, standards, and procedures in the execution of reviews.
2. Risk Identification and Analysis
   • Analyze client information to determine whether risks are appropriately identified, documented, and supported.
   • Evaluate alignment of client risk ratings with underlying risk factors and the Bank’s risk appetite framework.
   • Identify gaps, inconsistencies, or control weaknesses and document observations for escalation.
3. Documentation and Reporting
   • Prepare clear, structured, and auditable EDD review documentation in accordance with internal standards.
   • Maintain accurate records of findings, conclusions, and supporting evidence.
   • Ensure documentation supports internal review, audit, and regulatory scrutiny.
4. Escalation and Issue Management
   • Escalate complex issues, data gaps, or elevated risks to senior team members in a timely manner.
   • Support tracking and follow‑up of remediation actions to ensure timely resolution.
   • Contribute to issue identification and continuous improvement of EDD practices.
5. Regulatory and Control Support
   • Support regulatory examinations, internal audits, and control reviews by providing required documentation and analysis.
   • Maintain awareness of applicable AML/ATF and sanctions regulatory requirements impacting EDD activities.
   • Operate in accordance with the Bank’s risk management framework, policies, and procedures.
6. Stakeholder Collaboration
   • Collaborate with internal stakeholders including AML Advisory, Financial Intelligence Unit (FIU), Sanctions, and Business Lines to support EDD execution.
   • Seek guidance from senior team members on complex issues and interpretation of policy or methodology.
7. Operational Excellence
   • Contribute to effective and efficient operations by adhering to established processes, timelines, and quality standards.
   • Identify opportunities to enhance EDD processes, tools, and documentation practices.
   • Act in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles, ensuring adherence to operational, compliance, AML/ATF, sanctions, and conduct risk requirements.

What You'll Bring

• Undergraduate degree in Business, Finance, Law, or related discipline, or equivalent experience.
• Typically 2–5 years of experience in AML, KYC, EDD, or financial crime risk management.
• Foundational knowledge of AML/ATF and sanctions regulatory frameworks.
• Experience reviewing client information and identifying financial crime risk indicators preferred.
• Strong analytical and critical thinking skills.
• Strong written and verbal communication skills with ability to document clearly and concisely.
• Attention to detail and ability to manage multiple priorities in a structured environment.

What's in it for you?

Scotiabank wants you to bring your best self to work – and life, every day. With a focus on holistic well‑being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.