Manager, Business Risk Management, AML

Scotiabank•Toronto, ON

5d•Onsite

About The Position

Contributes to the success of the Wealth AML Controls team for Global Wealth Management by ensuring individual goals, plans, and initiatives are executed in support of first-line business strategies and objectives. Ensures all activities comply with governing regulations, internal policies, and procedures.

Requirements

Highly motivated, innovative and results-oriented individual with excellent analytical, written and communication skills, and strong risk management skills
Solid understanding of relationship management and wealth businesses, with a deep knowledge of products provided by and markets served by the Wealth Management Business Lines.
Solid understanding of the financial services industry, with particular emphasis on multinational and corporate clients/operations
Proven skills in risk assessment and management relating to AML / ATF, Sanctions matters
At least 5 years of Financial/Product Management/AML experience within the financial sector

Nice To Haves

CAMS certification and courses in AML/ATF would be an asset.

Responsibilities

Support the development, implementation, and refinement of AML/ATF/Sanctions procedures, and controls for Global Wealth Management
Assist in creating and executing action plans to address issues identified by Audit, testing, and MSIs related to AML/Sanctions first-line controls.
Act as a key driver for AML/Sanctions initiatives alongside the Senior Manager.
Act as a resource for AML/ATF/Sanctions and compliance-related inquiries from Wealth Management colleagues.
Collaborate with partner groups (Global AML Operations, AML Risk, Canadian Banking AML) to adapt and implement enterprise-wide AML/Sanctions program for Global Wealth Management
Educate and inform staff on AML/Sanctions policies, standards, and procedures in alignment with guidance from partner groups.
Maintain awareness of legislative and regulatory changes, emerging trends, and industry best practices.
Support policy and procedural changes to address deficiencies identified through reviews and audits.
Provide input on the effectiveness of existing policies and recommend improvements.
Coordinate AML/Sanctions efforts with other Bank departments.
Ensure implementation of new AML requirements within the first line as mandated by the Bank or regulators.
Monitor business activities for adherence to policies and escalate issues as appropriate.
Provide advice on new initiatives, products, and services to ensure AML risks are addressed.
Reduce risk of financial loss, reputational damage, regulatory sanctions, and penalties through effective AML controls.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively 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.
Champions a high-performance environment and contributes to an inclusive work environment.