Requisition ID: 268518
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Senior Manager, AML Advisory reports to the Director, Anti-Money Laundering (AML) for Wealth Management on day-to-day management of Wealth Management’s Anti-Money Laundering program including supervisory oversight (1A role) across wealth, working closely with Business unit 1A representatives. The incumbent will lead the implementation and ongoing sustainment of AML & ATF compliance by helping the wealth business to design, implement and monitor and report on controls over regulatory risk.
Is this role right for you? In this role, you will:
- Lead and drive a customer-focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
- Create an environment in which the team pursues effective and efficient operations within their respective areas, 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, including, but not limited to, responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML & ATF Enterprise Policies, and the Guidelines of Business Conduct.
- Manage the implementation of large-scale AML/ATF Enterprise projects across Wealth business units.
- Assist and support Wealth business lines with oversight and compliance by:
- Providing AML/ATF compliance support to Wealth business units, including acting as the subject matter expert and providing direction and guidance on appropriate reviews and actions.
- Identifying unacceptable AML/ATF risks and escalating them to the Director, AML, Wealth Management.
- Ensuring processes and controls are updated in accordance with regulatory developments.
- Supporting enhanced due diligence and the review of account activity for flagged clients.
- Sustain AML processes by supporting Wealth business units with the development and execution of procedures, initiatives, and best practices, ensuring compliance with regulations and internal policies and procedures.
- Contribute to effective collaboration and the successful execution of the AML program across Wealth, 1A, 1B, and 2nd lines of defence.
- Manage the design and implementation of an ongoing change management program for AML across Wealth and ensure alignment with the rest of Scotiabank.
- Maintain regulatory awareness and current knowledge of applicable regulatory requirements and industry best practices in operational risk.
Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:
- Bachelor’s degree in business administration, Accounting, Finance with a minimum of 5 years of relevant AML/ATF or banking experience
- 8+ years previous experience in project management and/or regulatory reform initiatives or significant work experience in a GWM environment
- Strong relationship building competencies to build/maintain productive relationships with key stakeholders and business unit partners
- Certified Anti-Money Laundering Specialist designation
- Solid knowledge of local and international AML/ATF regulations
- Excellent problem solving, negotiating skills and highly developed influencing skills
- Excellent communication skills, both written and verbal
- Excellent leadership and time management skills
- Excellent knowledge of the roles and responsibilities of wealth and support functions crossing all delivery channels
- Self-reliant and proactive approach to work
- Expert analytic and problem-solving capability
- Proven track record of meeting deliverables
What's in it for you?
- Champion a high-performance environment and contribute to an inclusive work environment.
- The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
- A competitive compensation and comprehensive benefits plan.
- An organization committed to making a difference in our communities - for you and our customers.
- You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.
Location(s): Canada : Ontario : Toronto
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. If you require technical assistance, please click here. 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.