Analyst, GBM AML Risk Assessment

Scotiabank - Global Banking and Markets; Dallas (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

Scotiabank Global Banking and Markets (GBM) is seeking an Analyst to support AML and Sanctions risk assessments across GBM and GTB. The role involves coordinating new initiatives, third‑party risk reviews, and risk assessments, with a focus on documenting findings and actions for management.

The analyst will help develop clear risk summaries, trackers, and regulatory-ready materials, working with risk, compliance, onboarding, and technology partners to ensure timely, well-supported decisions.

Qualifications

• Experience in financial services risk management or compliance.
• Familiarity with AML/ATF and sanctions regulatory requirements.
• Ability to summarize complex information for management.
• Strong organizational skills for trackers and follow-ups.

Responsibilities

• Support AML/Sanctions risk assessments for new initiatives and third parties.
• Coordinate intake, document considerations, track open items and action plans.
• Prepare summary materials and management reporting for risk decisions.
• Collaborate with onboarding, risk management, sanctions advisory and technology teams.

Skills

AML/ATF

Sanctions

Risk assessment

Stakeholder communication

Education

Bachelor's degree in business/finance/risk management

ACAMS certification preferred

Job description

Overview

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.

Purpose

The Analyst, GBM/GTB AML and Sanctions Risk Assessment, contributes to the overall success of the GBM/GTB AML Risk Assessment Team by supporting the strategic execution and continuous enhancement of AML and Sanctions risk assessment activities across Global Banking and Markets (GBM) and Global Transaction Banking (GTB). The Analyst will support Change Management Risk Assessments from an AML and Sanctions lens, including both the New Initiative Risk Assessment / New Initiative AML & Sanctions Risk Assessment process (NIRA/NIASRA) and Third-Party Risk Assessment reviews. The role will support the Senior Manager, GBM AML Risk Assessments, while contributing to the broader Risk Assessment Team’s mandate under the Head of GBM/GTB AML Risk Assessment.

The successful candidate will support the review, coordination, documentation, and tracking of AML and Sanctions risks associated with new initiatives, products, services, business changes, and third-party relationships.

In addition, the Analyst will help develop clear, and well-organized materials for stakeholders, including risk assessment summaries, action item trackers, meeting materials, and management reporting that support timely decision-making, effective challenge, and regulatory-ready documentation.

What You'll Do

• Support Change Management Risk Assessments from an AML and Sanctions perspective by assisting with reviews of new initiatives, products, services, business changes, and third-party relationships across GBM and GTB.
• Support the NIRA/NIASRA process by coordinating intake, reviewing materials, documenting AML and Sanctions considerations, tracking open items, and supporting timely completion of assessments in alignment with program expectations.
• Support Third-Party Risk Assessment reviews by helping evaluate AML and Sanctions risks associated with vendor, service provider, and third-party relationships, including review of relevant documentation, risk factors, controls, and escalation points.
• Assist in identifying, documenting, and escalating AML and Sanctions risks including client, product, geography, transaction, sanctions, control, and operational considerations relevant to new initiatives and third-party engagements.
• Maintain assessment trackers, inventories, and supporting documentation to provide visibility into assessment status, aging items, stakeholder follow-ups, key decisions, and required action plans.
• Support effective challenge and quality assurance by reviewing submissions for completeness, consistency, and alignment with AML and Sanctions risk assessment methodology, procedures, and regulatory expectations.
• Collaborate with the business, onboarding, business risk management, sanctions advisory, other members of the AML program third-party risk, operations, and technology stakeholders to obtain required information, clarify risk drivers, and support consistent execution of the assessment process.
• Prepare clear written summaries and presentation materials that communicate risk assessment outcomes, open issues, action items, and key themes in a concise and management-ready format.
• Contribute to continuous enhancement of Change Management Risk Assessment procedures by helping document process steps, identify efficiency opportunities, strengthen controls, and support consistency across NIRA/NIASRA and Third‑Party Risk Assessment activities.
• Support the broader annual GBM/GTB AML and Sanctions Risk Assessment mandate as needed by assisting with data gathering, analysis, documentation, or stakeholder coordination where capacity or program priorities require cross‑team support.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high‑performance environment and contributes to an inclusive work environment.

What You'll Bring

• Minimum of 1-3 years in financial services, AML/ATF, Sanctions, risk management, compliance, audit, operations, or a related control function.
• Minimum Bachelor’s degree in business, finance, risk management, related field or equivalent experience.
• ACAMS certified or interest in pursuing AML‑related certification preferred.
• Knowledge of GBM and GTB businesses, including capital markets, transaction banking, products, services, operations, and systems preferred.
• Knowledge of AML/ATF and Sanctions regulatory requirements, expectations, and risk assessment concepts preferred.
• Strong written communication skills with the ability to summarize complex information clearly and concisely for management and stakeholders.
• Strong organizational skills with the ability to maintain trackers, monitor deadlines, coordinate follow‑ups, and support multiple assessments at different stages of completion.
• Ability to work independently and cooperatively in a team environment, including with senior stakeholders and cross‑functional partner groups.
• Good problem‑solving, time management, and judgment skills, with attention to detail and a willingness to ask questions when further clarification is required.
• Comfort operating in a fast‑paced change management environment with evolving priorities, deadlines, and stakeholder expectations.
• Demonstrates curiosity, sound judgment, and interest in learning AML and Sanctions risk assessment practices.

Benefits

Scotiabank wants you to be able 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.

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