Analyst, Enhanced Due Diligence

About the role

The Analyst, Enhanced Due Diligence (EDD) 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.

Responsibilities

• 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.
• Audit and 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.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

Requirements

• 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.