Manager, FIU/SIU/SIUP

Scotiabank • Toronto, ON

8d • Onsite

About The Position

Reporting to the Senior Manager, the Manager FIU/SIU/SIUP supervises and manages a designated team(s) within the Financial Intelligence Unit (FIU), Special Investigations Unit (SIU), or SIU Projects team (SIUP) to ensure the delivery of clearly reasoned findings and actions associated with FIU/SIU/SIUP investigations, along with the timely disposition of such investigations. They also ensure all activities conducted comply with governing regulations, as well as internal policies and procedures. The Manager, plans, co-ordinates, and investigates potential money laundering (ML), terrorist financing (TF), and/or other matters related to FIU/SIU/SIUP transaction monitoring cases referred by internal team members, and/or other internal or external sources. They will also be the person who manages the operational processes and maintains quality performance for the FIU/SIU/SIUP, including timely investigations and proper regulatory reporting, such as suspicious transaction reporting. Consistently delivers clearly reasoned, rational, and timely outcomes, findings, and actions associated with FIU/SIU/SIUP investigations, thereby mitigating potential financial, regulatory, reputational, sanctions, and legal risk to the Bank.

Requirements

• Bachelor’s degree (University Degree) or equivalent with a minimum of 3 years of experience in AML and/or risk disciplines.
• Knowledge of local and relevant international AML laws and regulations.
• Demonstrated expertise in ML/TF investigations.
• Strong investigative skills and understanding of financial transactions with AML investigative technology experience.
• Strong writing and analytical skills.
• Demonstrated ability to exercise sound judgment as to the materiality of risks identified.
• Proven ability in determining required risk mitigation activities with appropriate consideration to the impact to the business line.
• Good interpersonal and communication skills.
• Uses an analytical approach to problem solving, with a focus on managing a team environment coupled with attention to results and a sense of urgency.
• Exemplary integrity and ethics in all instances.

Nice To Haves

• Ability to communicate in French and/or Spanish is an asset.
• Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.

Responsibilities

• Prioritize and manage investigations conducted by the FIU / SIU team, including monitoring performance and meeting established benchmarks.
• Establish and monitor team goals and objectives to manage workload and performance.
• Review, approve and prepare investigative reports, along with related documents.
• Provide coaching, feedback and recommend actions regarding FIU / SIU investigations, as appropriate.
• Mentor the investigative teams and manage resources required to complete investigations.
• Monitor the FIU’s timely reporting of suspicious transaction reporting (“STR”) and other required AML / TF filings to the proper regulatory authority, in accordance with regulations.
• Recommend risk mitigation actions and next steps at the conclusion of FIU / SIU investigations.
• Prepare materials and deliver investigative results to the appropriate staff, including identification of trends and areas for improvement.
• Apprise and advise senior personnel regarding on-going investigations and findings.
• Communicate regularly with team members to identify challenges and obstacles related to the team’s objectives.
• Identifie and suggest AML/ATF awareness training needs to discuss trends and changes in money laundering typologies.
• Maintain up-to-date knowledge and skills sets relevant for AML, TF, sanction and other regulatory matters to perform FIU / SIU investigations.
• Share subject matter expert and provide specialized advice, guidance and direction to team members on money laundering, financing of terrorism, and other related issues as they pertain to investigative work.
• Support, mentor, and coach team members for on-going professional development to ensure that individuals and collective team knowledge is current and comprehensive to support the investigation process and to ensure that outcomes, including decisions and recommendations are based on a thorough understanding of risk and made in the context of relevant and full knowledge.
• Understand and apply the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Create an environment in which the team pursue effective and efficient operations of their respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Build 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 behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.
• Remain flexible, as Managers may be reassigned between FIU and SIU based on business needs and at the discretion of the management team.

Benefits

• A competitive compensation and comprehensive benefits plan.
• You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager