Senior Manager, AML Advisory - Canadian Banking / Global Wealth Management

Is this role right for you?

In this role, you will :

Policy & Procedure development and guidance :

Support the business in the development, maintenance, and implementation of procedures to ensure that regulatory and Enterprise policy obligations are met.

Facilitate the escalation of queries from the business line AML Advisors to the Enterprise Global Policy and Standards team to address specific policy clarifications.

Implementation and oversight of the Enterprise AML / ATF Program :

Support the implementation of the Enterprise AML / ATF Program across all applicable business units.

Facilitate the escalation of queries from business line AML Advisors (1B) and AML Operations to second line (2B) functions such as the Global Sanctions Office and the Transaction Monitoring & Name Screening teams.

Assess business-generated AML management information to ensure that metrics are within tolerance and action plans are in place where appropriate.

Design and maintain departmental oversight procedures.

Enterprise risk assessment and associated reviews :

Provide support and effective challenge to the business line through participation in the Enterprise-wide self-assessment.

Contribute towards ongoing risk reviews (e.g., product, occupation list, geographical).

Contribute towards thematic risk appetite statements to clearly articulate the business line CAMLO's position on specific topics, business segments, and customer types.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions and communicate that to assigned business units.

Client risk rating (oversight of methodology and enhanced due diligence) :

Support the business in the ongoing execution of a customer risk rating model to assess customer suitability throughout their lifecycle (onboarding, periodic, and de-market).

Assess the business's effectiveness in identifying customers with elevated or unacceptable AML / ATF and Sanctions risks and managing or escalating issues accordingly.

Ensure that business procedures for the capture and updating of key customer data points meet Enterprise and regulatory requirements and that enhanced due diligence is conducted when appropriate.

Advisory services to the business :

Provide advisory services and oversight to the business line through participation in AML-related forums and the timely response to ad hoc queries from assigned business units.

Support the implementation of the annual business line AML / ATF training program.

Champion a customer-focused culture by developing effective relationships with key staff across the organization and acting as the primary communication point for the assigned business unit.

Provide subject matter expertise to business and Enterprise project working groups to contribute to the design and implementation of effective controls that are sustainable and customer focused.

Establish effective mechanisms for decision-making and for appropriate escalation of information to senior management.

Control review and effectiveness assessment :

Review, assess, and advise the business on ML / TF and Sanctions risks and the effectiveness of AML controls associated with new products, services, and initiatives; participate in the ongoing development of the initiative where the implementation or enhancement of AML controls is required.

Review and assess ML / TF and Sanctions risks and mitigating controls associated with the onboarding, renewal, or material amendment of third-party outsourcing arrangements.

Identify opportunities to evaluate existing controls and promote a culture of continuous monitoring during the normal course of engagement with business line partners.

Issues management oversight :

Provide consultation to the business in the management of issues (self-identified, 2nd line testing, audit, and regulatory) including advising on the development of management action plans and the assessment of remediation activities.

Assist in the documentation of issues and management action plans for any controls identified as ‘unsatisfactory’ or ‘needs improvement’.

Develop consolidated reporting to identify emerging risks and trends.

Leadership & Teamwork :

Champion a high-performance environment by fostering an inclusive work environment.

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 that are not consistent with Scotiabank’s diversity policy and / or the best interests of the business and its customers.

Develop critical skill sets in team members and provide a stimulating work environment geared towards personal and professional growth.

Be ultimately responsible for the performance management of direct reports (if applicable), using relevant tools, continuous dialogue, and ensuring timely action is taken to improve underperformance.

Take a hands-on approach to coaching with regular and productive use of personal development plans and appropriate follow-up.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with :

An appropriate post-secondary degree with a minimum of 5 years of experience in AML, Compliance, business operations, and / or Audit in a matrix financial institution; or its equivalent in education and years of experience.

Advanced analytical, problem-solving, and critical thinking skills with solid organizational and time management capabilities.

Ability to prioritize activities to effectively react to a rapidly evolving environment.

Demonstrated integrity when working with colleagues and leading others by setting an example of required behaviours.

Excellent written and verbal communication skills, team leadership, and relationship management skills.

Ability to lead, motivate, and influence other senior stakeholders across a wide range of strategic initiatives and agendas.

High clients focus and high risk management focus.

Proven ability to build strong cross-functional business relationships.

Proven experience identifying and implementing process enhancements as well as the experience to oversee the resolution of process deficiencies and drive operational efficiency without compromising compliance requirements.

Results-oriented, highly motivated with a keen ability to influence others.

Excellent written and verbal communication skills and a proven ability to present to senior executives confidently and effectively.

What's in it for you?

In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!

You'll be part of a diverse, collaborative, innovative, and high-performing team

We offer a competitive rewards package :

Performance bonus, Employee Share Ownership Program, and Pension Plan Matching

Health Benefits from day one!

You will relish work-life balance, team events, and opportunities to participate in the community.

Your career matters! You will have access to career development and progression opportunities.

• There are three openings for this position