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Requisition ID: 174176

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Duration: Late June – August 2023 (10 weeks)

Location: London, England

Why work for Scotiabank?

Scotiabank is a leading bank in the Americas. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. This is a place where you’ll get to learn and develop your skills, while being recognised for your hard work. At Scotiabank, we’re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy.

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.

Is this role right for you?

The GWO Summer Internship focuses on Onboarding and key Know Your Customer (KYC) activities including Global Banking & Markets new customer onboarding, trigger events, periodic review, and regulatory onboarding across all risk levels. You will assist with conducting required Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Anti-Money Laundering (AML), Anti-Terrorist Financing (ATF), sanctions and adverse news screening. You will support the GBM Onboarding management to enhance processes and controls as well as data quality.

What will my responsibilities look like?

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Conduct KYC CDD, EDD activities for GBM Europe customers including, but not limited to, new onboarding, trigger events and Periodic Review to ensure that KYC activities are executed in compliance with the all governing regulations, internal policies and procedures
• Support with ensuring KYC activities are conducted with timeliness, completeness and to a high quality
• Pro-actively deepen knowledge of the governing regulations, policies and procedures, as well as to effectively apply them to the day-to-day KYC due diligence process, sharing learnings and best practices with the team
• Pursue process enhancement by identifying opportunities and collaborate with GBM Onboarding management and the Quality Control team to enhance effectiveness and efficiency of the KYC process, ensure sound customer interactions, solid data quality, and sound AML controls.
• Pursue effective and efficient operations of activities, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk

Do you have the skills and requirements that will enable you to succeed in this role? We’d love to work with you if you:

• Are a penultimate year undergraduate student studying a relevant degree (e.g. Finance, Economics, Business etc)
• Can demonstrate basic understanding of UK KYC/AML requirements, various financial instruments, and legal entity structure types
• Exhibit sound judgement to detect, solve, or escalate problems efficiently and effectively
• Possess strong attention to detail, communication, and analytical skills
• Are confident operating effectively with changing priorities and tight time frames

How to apply:

You must apply via the Scotiabank career portal and complete all steps outlined below to be considered for this position.

• Fill out an application by clicking the “Apply” button
• Submit your CV when prompted (please note a cover letter is not required)
• Successful applicants will be contacted regarding next steps, which will be formed of two interviews with members of the Global Wholesale Operations team

Summer Internship applications are reviewed on a rolling basis. We thank all candidates for taking the time to apply; however, only those candidates selected for an interview will be contacted.

Scotiabank is committed to providing an inclusive and accessible candidate experience. If you require accessibility accommodations during the recruitment, selection, and/or onboarding processes, please let us know. We will work with you to meet your needs. We value the unique skills and experiences everyone brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Accommodations (including, but not limited to, an accessible interview site, alternate format documents, or Assistive Technology) at any stage of the recruitment life cycle will be provided upon request.

Location(s): England : Greater London : London

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.