Manager, Global ML/TF Risk Detection

Scotiabank•Toronto, ON

4d•Onsite

About The Position

Contributes to the overall success of the Global ML/TF Risk Detection Transaction Monitoring program with a focus on International Banking, 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.

Requirements

Bachelor’s Degree or higher in Business Administration or Computes Science
Background and previous experience with automated AML/ATF transaction monitoring tools
AML/ATF domain knowledge required

Nice To Haves

Scotiabank International banking and system knowledge/ business units is an asset.
Certified Anti Money Laundering Specialist (CAMS) or other recognized Financial Crimes certification is an asset
Spanish speaking an asset

Responsibilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Provide oversight and support to the Senior Manager & Director, Global ML/TF Risk Detection, responsible for scenario management to identify efficiencies, define scenario strategies, support the implementation of new initiatives and products while adhering to operational and global regulatory compliance risks
Collaborate with different working groups and effectively conduct Post-Implementation Validation & Business Acceptance Testing for new and existing rules
Execute and document the annual review of the Product Coverage Assessment (PCA) to identify possible transaction monitoring gaps or opportunities to enhance the coverage in the jurisdictions in International Banking (IB) where the bank operates
Execute and document the Rules Design Guidelines when new or enhanced transaction monitoring rules or reports are to be implemented
Execute and develop Business Requirements Document required to enhance transaction monitoring rules or processes related to the operation of automated rules or non-automated controls
Execute Above The Line / Below The Line analysis of alerts generated as part of the calibration of TM rules to enhance the calibration process with a qualitative standpoint additional to the quantitative analysis (statistical analysis) executed by AMA
Document relevant AML issues to be brought forward for decisions to close identified gaps within business lines and operational units, identify best practices, prepare relevant artifacts, obtain approvals and incorporate information into policy and procedures
Ability to co-ordinate with other work streams, manage the back log, leverage the same technology resources and prioritize activities including audit, enhancements and production fixes while identifying dependencies and inefficiencies across work streams
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 his/her 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