Requisition ID: 208848
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Manager, Testing and Oversight – Canada, Global AML is responsible for supporting the Director, Testing and Oversight – Canada, Global AML in the 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, as well as leading the execution of planned second line testing engagements. The Senior Manager will be responsible for driving continuous improvement to processes, while safeguarding quality and managing regulatory risks. The Senior Manager works closely with first- and second-line AML/ATF and Sanctions across all three lines of defence.

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

• Assist the Director in strategic planning as it relates to Quality Assurance and second-line Testing activities.
• Initiate, manage, and execute projects and/or control reviews independently or within cross functional teams with minimal oversight.
• Lead 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.
• Lead the development of the methods and standards to be used when conducting review of Canadian AML/ATF and Sanctions Program requirements.
• Lead 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
• Manage employee (direct reports) development to ensure knowledge and skills related to AML/ATF and QA and Testing processes
• Oversee performance management for the Managers by providing guidance, direction and coaching in accordance with communicated expectations.
• Prepare/review (for direct reports) periodic and annual performance self-assessments, personal goals and objectives for measurement of performance, a career development and training plan and monitor for achievement/completion.
• Champion a high-performance environment and implements a people strategy that attracts, retains, develops and motivates the Testing and Oversight - Canada team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

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 or BA in Business (or international equivalent) or related field experience with a minimum of 5 years of experience in AML (self-assessments and/or testing), AML Audits or AML Regulatory examinations, Compliance examinations, or quality assurance capacity within a financial institution setting.
• Expert 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.
• Advanced 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..
• 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.
• Extensive 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.
• Superior management skills and supervisory experience in effectively coordinating the work of others.
• Strong leadership and time management skills with a track record of instilling a high performing culture.
• Curious, results oriented, highly motivated with a keen ability to influence others.
• Strong understanding of Bank's objectives, strategies, and business activities.

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.