Internal Control Analyst

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Internal Control Analyst, First Line Supervision & Support (FLSS) - New York, NY Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.
As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB's comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.
At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.
Purpose: Analyst, US Internal Control (1B) FLSS, contributes to the overall success of the front line/first line of defense 1B control group within the United States ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the Global Transaction Banking (GTB) and Cash Management strategies and objectives. Assist in providing supervisory support and devotes time learning subject matter expertise in the products and services offered by Scotiabank U.S. businesses. Assist to ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. Analyst will work closely with the Manager and Senior Manager FLSS and will assist in meeting a number of industry practices and regulatory requirements related to GTB business unit.
Accountabilities: Knowledge in Payments Businesses including Deposits, Cards, and Trade Finance and being able to communicate, develop, and cultivate relationships with sales and product teams.Knowledge in the operational aspects, compliance and business matters for Transactional Banking products and services.Assist the leadership and Front Office businesses on operational/process, risk, and compliance issues and internal/external obligations.Coordinate analyses of operational risk events (losses, gains and near-misses) to ascertain underlying causes and formulate action plans to address process breakdowns.Provide support on delegated supervisory tasks from the businesses (1A).Help to develop, when necessary, monthly oversight reports, including trend analysis, for delivery to and discussion with the respective head traders/business line heads.Support leadership in the development and maintenance of supervisory procedures at the business line/desk level.Help to develop and provide training to business line (1A) personnel on non-financial risks, controls, and supervisory procedures.Participate in RCSA, CRCA, and Risk ID execution and liaise with 1A to identify processes, risks, controls, and corresponding ratings.Participates in risk impact assessments of changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes/new implementation, regulatory requirements.Participate in the collation of information required by regulators and internal audit to facilitate the latter's examinations/reviews.Provides support to leadership on regulatory and audit findings and work with business line management (1A) to track responses.Participate and when necessary, lead, special projects across the different US Business Units.Assist Front Office on operational/process, risk, and compliance issues and internal/external obligations.Provide support to the leadership in the collation of information and execution required by Compliance and internal audit to facilitate examinations/reviews.Participate in the analysis and documentation of risk events to ascertain underlying causes and formulate action plans to address process breakdowns.Collaborate in risk events incidents documentation and escalation process, investigating and remediating as necessary.Collaborate with other stakeholders to provide, document, and improve efficiencies and key metrics (KRIs/KPIs) on supervisory and operational risk topics for senior management when required.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.Other duties and projects may be assigned from time to time.Education & Experience: Previous experience in Capital Markets Trading Floor, Front Office, Finance or related fields.Bachelor's Degree in Economics, Finance or Business Management related fields.Past experience of working with regulations and familiarity with latest laws.Strong written and verbal communication skills, ability to guide decision making process and facilitate consensus.Ability to network, collaborate, and interview stakeholders to attain necessary information for drafting internal control documentation and Written Supervisory Procedures ("WSPs").Working Conditions: Work in a standard office-based environment; non-standard hours are a common occurrence.Ability to maintain the confidentiality of information within an open concept office environment.Ability to deal with time sensitive requests, competing priorities and fluctuating call, email volumes.Interested?
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
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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Location(s): United States : New York : New York City
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their 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. Candidates must apply directly online to be considered for this role. 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.

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