Business Risk Management Associate - AML Testing

About the role

ScotiaGBS, a Scotiabank Group company in Bogota, Colombia, is hiring a Business Risk Management Associate to support the design and execution of Global Banking and Markets' (GBM) First Line and Anti-Money Laundering (AML) testing program. The role ensures that business strategies comply with regulations, internal policies and procedures, and also supports high-priority initiatives such as risk assessment, issue management and regulatory response.

Key responsibilities

• Lead and/or support periodic and ad-hoc testing and quality assurance reviews of First Line and non-AML services, based on an annual plan or management requirements.
• Test critical components of the AML and sanctions programs, with emphasis on KYC processes, controls, trade finance, name screening review and escalation processes.
• Prepare monthly statistics and reports for stakeholders on test results.
• Perform risk-based testing of GBM controls and processes, covering regulatory onboarding procedures such as Dodd-Frank, EMIR and Canadian trade reporting.
• Review and update testing scripts to align with policies, procedures and regulations.
• Identify patterns, themes or trends indicating weaknesses in controls, draft formalized issues, and work with stakeholders on remediation and action plans.
• Provide constructive feedback to the First Line of Defense and support corrective and preventive actions.
• Draft periodic reporting of findings and progress, support training based on testing results, and maintain relationships with global derivatives compliance and other GBM stakeholders.
• Contribute to operational risk, regulatory compliance risk and conduct risk frameworks, and take part in ongoing initiatives and projects.

Required profile

• Bachelor's degree in business administration, finance, law or equivalent work experience.
• At least 3 years of experience in control and audit processes in financial services and/or consulting, AML/KYC.
• ACAMS certification preferred.
• Preferred: experience in audit, compliance, trade surveillance, operational risk, quality assurance and/or project management.
• Preferred: knowledge of capital markets, wholesale banking and OTC derivative products, and of Dodd-Frank, EMIR and Canadian trade reporting.
• Preferred: data and financial analysis, ability to handle large datasets, and knowledge of Power BI.
• Excellent command of English (reading, writing and speaking).

Required skills

• Working knowledge of testing methodologies, risk and control analysis or quality assurance.
• Proficiency in Microsoft Office, especially Word, Excel and PowerPoint; SharePoint and/or Access is a plus.
• Strong communication, analytical, organizational and project management skills.

Work is office-based in Bogota, with non-standard hours and conference calls during Asian and European business hours. Only shortlisted candidates are contacted.