Manager - Business Risk Management, AML

Scotiabank•Toronto, ON

5d•Onsite

About The Position

Contributes to the overall success of the Wealth AML team for Global Wealth Management ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies and procedures. Additionally, the role integrates data-driven risk management, technology enablement, and reporting capabilities to strengthen AML oversight, enhance operational efficiency, and support informed decision-making.

Requirements

Strong analytical, problem-solving, and communication skills
Solid understanding of Wealth Management products, clients, and business lines
Knowledge of AML/ATF/Sanctions regulations and risk management practices
Ability to operate in a fast-paced, high-demand environment
Minimum 5+ years of AML, risk management, or financial services experience
Experience supporting audit and regulatory remediation activities
Proven experience in data analysis and interpretation
Hands-on experience with Power BI (mandatory): Dashboard and report development, Data visualization best practices
Experience in data analysis tools (Excel advanced, SQL preferred)
Experience supporting or managing technology-related initiatives or projects
Understanding of data governance, controls, and reporting frameworks

Nice To Haves

CAMS certification and courses in AML/ATF would be an asset
Degree in Business, Finance, Data Analytics, or related field preferred

Responsibilities

Champion a client-focused culture to deepen relationships and leverage broader Bank and Wealth systems and knowledge
Support audit remediation activities, including action plan development and issue resolution
Provide guidance and interpretation of AML/Sanctions requirements to Wealth business lines
Liaise with internal partners (AML Risk, Global AML Operations, Canadian Banking AML) to implement enterprise policies
Maintain awareness of regulatory developments and industry best practices
Monitor adherence to policies, procedures, and standards, escalating issues as appropriate
Support implementation of new regulatory and internal AML requirements
Provide advisory support on new products, services, and initiatives to ensure AML risks are identified and mitigated
Contribute to minimizing financial, regulatory, and reputational risks to the Bank
Perform data analysis to identify trends, anomalies, and control gaps across AML/KYC processes
Monitor key metrics such as: KYC data quality, Overdue client reviews, Transaction monitoring outcomes
Generate data-driven insights to support risk identification and decision-making
Partner with data teams to improve data quality, lineage, and governance
Support reconciliation, validation, and integrity of AML data across systems
Develop and maintain Power BI dashboards and reports for AML metrics, audit tracking, and operational performance
Translate business requirements into clear, user-friendly visualizations
Ensure consistency, accuracy, and governance over reporting outputs
Enable self-service reporting capabilities for stakeholders, where appropriate
Support and lead AML technology initiatives (e.g., system enhancements, data flow to support core AML domains)
Participate in the full project lifecycle: Business requirements gathering, Stakeholder engagement, User Acceptance Testing (UAT), Implementation and post-production validation
Act as a bridge between business, AML, and technology teams
Track project milestones, risks, and dependencies to ensure timely delivery
Provide input into technology roadmaps and prioritization of AML initiatives
Collaborate with cross-functional teams and stakeholders across the Bank
Communicate findings, insights, and recommendations to senior management
Provide training and guidance to Wealth teams on AML policies and emerging risks
Act as a key resource for AML-related inquiries and initiatives