Manager, AML Advisory - Canadian Banking & Global Wealth Management

Title:

Manager, AML Advisory - Canadian Banking & Global Wealth Management

Requisition

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

The Manager, AML Advisory supports Scotiabank’s commitment to maintaining an effective Enterprise AML/ATF and Sanctions Program by supporting the applicable business lines with the delivery of effective challenge and advisory by the second line of defense and driving the continuous improvement of procedures within assigned business units, while ensuring that controls effectively manage AML/ATF and Sanctions risks.

• Support the development, enhancement and execution of AML Risk Assessments across the Bank
• Collaborate with colleagues and other stakeholders in the review of business processes, resulting in recommendations for measurable improvements while leveraging reusable (process) components, structures and enterprise-wide technologies that are effective and efficient and ensuring that risk is minimized by:
• Conducting analyses to improve/replace and implement effective AML/ATF/Sanctions procedures that will ensure a positive customer experience while effectively mitigating risk.
• Influencing changes to procedures that result in increased productivity with no increase in risk.
• Enhancing employee and customer experience by removing pain points while continuing to effectively manage risk.
• Contributing to the assessment of ML/TF and Sanctions risks and mitigating controls relating to new initiatives as well as the onboarding, renewal or material amendment of third-party outsourcing arrangements to identify potential.
• Participate in the development of strategies and recommendations, including related process maps, business benefits and costs, implementation and training strategies and plans by:
• Participating in or coordinating the holistic review of procedures.
• Collecting and analyzing data to prepare dashboards for Senior Management to provide a view of the efficacy of AML/ATF and Sanctions program and associated trends in assigned business units.
• Contributing to implementation planning activities.
• Supporting Senior Managers and Directors in the preparation of end-to-end process maps, risk appetite statements, opinions and assessments.
• Providing consultation and advisory support to assigned business units.
• Preparing and/or reviewing communication material, including presentation decks and training materials ensuring content is applicable to target audiences and aligns with overall program objectives.
• Initiate and manage projects, working independently or within cross functional teams by:
• Collaborating on and developing proposals.
• Establishing milestones and assessing work effort.
• Working with a diverse group with varying expertise and job levels.
• Ensuring all deliverables are completed within established time frames, and within established department guidelines and protocols, escalating as necessary.
• Build strategic relationships with internal stakeholders within assigned business units and across functions.
• Champion a high-performance environment by fostering an inclusive work culture.
• Support technical excellence by searching out external best practices, monitoring technical and professional developments, sharing knowledge and encouraging others to do the same in the best interests of the team and its stakeholders.
• Encourage and enable cross‑business and cross‑functional teamwork by demonstrating collaboration and leadership in action and challenging behaviours and actions that are not consistent with Scotiabank’s diversity policy and/or the best interests of the business and its customers.

• Appropriate post‑secondary degree with a minimum of 3 years of experience in an operations, project management, or compliance environment, preferably in the Financial Services industry.
• Strong fundamental knowledge of business unit functions, procedures, internal controls, products, policies, and how the various supporting units interact.
• Solid understanding of related regulatory requirements including Testing, Risk Assessment, KYC, and AML/ATF policies, and operational risk management concepts such as risk and…