Requisition ID: 214900
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Reporting to the Senior Manager, Testing and Oversight – Canada, Global AML, the Manager is responsible for planning and execution of independent challenge as it relates to the design and operating effectiveness of the AML/ATF and Sanctions Program for Canadian Banking ("CB"), Wealth Management Canada ("WMC"), Global Banking Markets ("GBM") (Canada), and Corporate/Support Functions (including Global AML and others).

The Testing and Oversight – Canada team is responsible for conducting quality assurance activities against regulatory, Internal Audit, and Management Self-Identified issues; as well as executing second-line testing to ensure adherence to Bank policies and applicable regulatory requirements, particularly those related to governance & oversight, risk & control assessment, training, client on-boarding (including know your client [KYC], client risk rating [CRR],and enhanced due diligence [EDD]), transaction monitoring, investigations & reporting, sanctions, etc.

This role is critical in managing the timely testing and challenge of solutions designed to address AML/ATF and Sanctions issues, assisting with the execution of planned second line testing engagements, driving continuous improvement to processes, while safeguarding quality and managing regulatory risks and working closely with first- and second-line AML/ATF and Sanctions resources across all three lines of defence.

Is this role right for you? In this role, you will:

• Initiate, manage, and execute projects and control reviews independently or within cross-functional teams with minimal oversight.

• Support the development and execution of a robust testing plan by reviewing assigned business or operational units in accordance with Testing Standards, Enterprise AML/ATF and Sanctions Policies, and applicable regulatory requirements.

• Support the development of the methods and standards to be used when conducting review of Canadian AML/ATF and Sanctions Program requirements.

• Execute multiple simultaneous review engagements while identifying areas for improvement and ensuring appropriate corrective actions are taken, if necessary.

• Communicate with business lines and/or operational units and presenting results to Management, including senior leadership (VP+).

• Ensure all deliverables are completed within negotiated timeframes and within established department guidelines and protocols, escalating as necessary.

• Track status of corrective action plans for identified control deficiencies.

• Manage personal development to ensure knowledge and skills related to AML/ATF are continually enhanced by:

• • Researching best practices and AML trends through review of regulations and guidance issued by various regulatory agencies, publications, participation in industry associations, and working with other members of the Canadian AML/ATF and Sanction Program;

  • Taking courses designed around people, process and technology;

  • Building relationships with internal and external partners;

  • Developing strategic relationships by establishing, building and maintaining relationships with key stakeholder departments across the enterprise.

• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Perform ad-hoc, special, focused, and/or other duties and projects as necessary.

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

• A Bachelor's degree or BA in Business (or international equivalent) or related field experience with a minimum of 3-5 years in AML (self-assessments/testing), AML Audits, AML Regulatory examinations, Compliance examinations, or quality assurance within a financial institution.

• Strong knowledge and understanding of Canadian AML/ATF and Sanctions regulatory requirements including the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA) and Regulations (PCMLTFR), Designated Persons Listings and Sanctions Laws, as well as FINTRAC Guidelines.

• Previous AML regulatory (FINTRAC) experience is an asset.

• Strong understanding of AML/ATF and Sanctions risks with respect to the Bank's business lines, geographies, client types, products, services, transactions, etc.

• Strong analytical, investigative, project management, planning, problem-solving, and critical thinking skills with solid organization and time management skills to deal with complex operational issues in a matrix organization.

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

• Excellent teamwork, interpersonal (written and verbal communication) and conflict resolution skills in order to be able to manage difficult conversations with senior members of the organization and build cross-functional business relationships and trust amongst all internal and external stakeholders.

• Ability managing complex projects and initiatives across multiple compliance reviews and project concurrently with ability to bring order to data and information, drawing conclusions and making appropriate recommendations.

• Experience with case management and analytics reporting.

• High client focus and high-risk management focus with a 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.

• Strong performance orientation with a mind for efficiency and a strong sense of urgency.

• Curious results oriented, highly motivated with a keen ability to influence others.

• Working knowledge and understanding of the Bank's objectives, strategies, and business activities.

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.

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.