Director, Ib AML/atf & Sanctions Internal Control

Requisition ID : 202998

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

Purpose

Leads and oversees AML / ATF Sanctions, Internal Control in International Banking ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

Provide strategic advice to the business lines on the AML / ATF & Sanctions related matters, providing guidance to successfully perform all procedures and comply with minimum operational standards, ensuring the local and Enterprise-wide AML / ATF & Sanctions Policies & Standards, as well as local and global regulatory requirements are understood and met in their respective countries / region.

What You'll Do :

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Oversight of AML function to ensure alignment, effectiveness and compliance of local and global AML / ATF and Sanctions policies and standards : Understand and maintain awareness of the local and global AML regulations, Enterprise-wide AML / ATF & Sanctions policies and standards, as well as international standards and industry leading practices.

Working with the Business Lines to develop, maintain current and implement local AML / ATF & Sanctions procedures and controls based on the global standards, incorporating local regulatory requirements.

Champion for the country's AML program and ensuring its effectiveness, being responsible for supporting the governance framework, providing support to business lines through escalations, monitoring program breaches or gaps, reviewing controls as required and developing procedures to monitor and report the effectiveness of the AML Program in the countries Management of the exceptions to policy / standards and required Delayed Implementations (MSI) at a divisional level.

Provide Strategic support on BAU (Business as Usual) AML Activities : Responsible for the oversight and support of the IB Retail and Small Business AML and Sanctions program.

Responsible for the divisional execution of the EMRA / ESRA annually ensuring 100% coverage of assessable units / business lines and control units.

Accountable for the 1st Line of Defense execution and roll out of the AML RCM (Regulatory Compliance Management) program for International Banking.

Responsible for the facilitation and execution of AML Training Plans (TP) including the tracking and reporting to Executive forums.

Responsible for the facilitation and execution of the AML TPRM standards.

Responsible for the execution of the executive reporting for NIASRA, TP and TPRM. Provide strategic support and guidance on AML & Sanctions programs : Ensures proper and timely advice / interpretation of policies and standards on AML / ATF and Sanctions related matters in response to, and in support of, the Business Line's needs Work with multiple local stakeholders to gather different perspectives on AML and assess impact on the country's operating model, providing feedback- AML Governance & Sustainment and Enterprise AML group (in Toronto).

Manage the International Banking Event report (Sanctions and events related to prevention of potential penalties, losses and damage to reputation and negative news).

Provide strategic support and guidance on Issues Management : Understand and maintain awareness of the Issues Management standards, and procedures.

Responsible for the curation and mapping of AML Issues (Regulatory / Audit / MSI) to ensure alignment with the Enterprise Policy / Standards and IB Issues Management Standards.

Accountable for the roll up reporting per country on Issues Management for Executive Forums.

Monitoring, Reporting and Control : Support on the Internal Control Executive reporting (Group Head briefings; CRC materials;

Audit heat map; IB AML Governance Committee).

Relationship Management : Ongoing interaction with the Business Lines, AML Operations, local EDDU, local Compliance Officer, AML Governance and Sustainment.

Participation, support and challenge in AML in Country Committees. Act as liaison with the 2nd Line and 3rd Line to develop and implement AML initiatives processes to achieve balance between operational efficiency and customer experience while in compliance with Policy and regulatory requirements.

• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML / ATF / sanctions and conduct risk.
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours;

communicating vison / values / business strategy; and, managing succession and development planning for the team.

What You'll Bring :

• University degree with a minimum of 10-15 years' experience in financial services
• Strong understanding of the International Banking business units, products, services, operations, systems and practices.
• Strong knowledge of AML / ATF and Sanctions regulations and internal policies & procedures
• In-depth understanding of the Bank's operations and controls, including knowledge of organization and infrastructure.
• Demonstrated ability in leading professional staff both in Head Office and across a distributed
• Advanced verbal and written communication skills in English and Spanish
• Expert relationship management skills
• AML Designation (CAMS) is an asset

Work Arrangement :

• Work in a standard office-based environment; non-standard hours are a common occurrence.
• Limited travel internationally.

LI-Hybrid

Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences.

That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.