Senior Audit Manager, AML (Latin America)

Scotiabank • Toronto, ON

4d • Onsite

About The Position

As the 3rd Line of Defense, Internal Audit provides enterprise-wide, independent, and objective assurance over the design and operating effectiveness of the Bank’s internal controls, risk management, and governance processes. Within this mandate, the Senior Audit Manager supports Financial Crimes and AML audit activities by helping deliver the Audit Department’s global mandate and ensuring strategies, plans, initiatives, and audit activities are executed in compliance with governing regulations, internal policies, and procedures. A key focus of this role is International Banking AML, which forms a core part of the portfolio. As part of the Audit AML Centre of Excellence (CoE), the IB AML Audit Senior Manager leads and oversees AML audit activities in Canada and across International Banking and assesses, through direct execution or oversight of local audit teams, the design and operational effectiveness of internal controls and adherence to Bank standards, policies, and applicable regulatory requirements, particularly those related to AML/ATF and Sanctions Risk Management. The role also serves as a dynamic, innovative, and trusted advisor who uses data-driven insights to deliver strong assurance and help keep the Bank and its customers safe.

Requirements

• University degree in Business, Accounting, Economics, Law, or a related field; relevant audit, AML, or business certifications are an asset.
• At least 5 years of relevant experience in AML/ATF, Sanctions, audit, testing, or related control functions across the first, second, or third line of defense.
• Strong knowledge of BSA/AML, AML/ATF, KYC, sanctions, FATF guidance, and applicable regulatory frameworks, including OSFI, FINTRAC, and international AML requirements, with the ability to apply them in a financial services environment.
• Demonstrated experience executing or overseeing AML testing and audit procedures, including assessment of control design and effectiveness, model-related risks, data, outputs, governance, and validation of management action plans and issue remediation.
• Highly proficient in applying Scotiabank methodology and risk-based auditing standards, practices, techniques, processes, and audit methodologies, and committed to ongoing professional development.
• Proven ability to work effectively in high levels of ambiguity, manage and supervise multiple projects, and operate in a rapidly changing environment.
• Strong analytical skills and proficiency in data analytics, visualization, and standard audit tools, including Excel, Word, and related software.
• Bilingual (English and Spanish), Highly developed written and verbal communication, interpersonal, and people leadership skills, with the ability to work independently, lead staff on engagements, and communicate effectively with stakeholders at multiple levels.

Nice To Haves

• Professional qualifications such as CAMS, CPA, CFA, or CISA are considered beneficial.

Responsibilities

• Acts as Officer in Charge (OIC) for assigned audits and may act as Audit Principal (AP) for low- to medium-complexity assignments, leading audit planning, execution, and reporting and developing risk-based audit approaches, timelines, and resource plans.
• Supports the VP and Director, AML/ATF & Sanctions Audit, in managing the AML Audit Program, including annual planning, quarterly and Board reporting, test scripts, training, continuous monitoring, regulatory remediation, initiatives, and day-to-day AML Centre of Excellence (CoE) operations, with a particular focus on International Banking AML.
• Leads or overseas assigned audit projects end to end, obtain a thorough understanding of the business, processes, and risks, and ensures audit procedures and testing are appropriate to support the audit objective, scope, and overall opinion.
• Ensures audit findings are supported, root causes are identified, workpapers are reviewed on a timely basis, and observations and recommendations are clearly communicated to management, including follow-up on remediation progress and sharing of relevant cross-functional issues.
• Collaborates with other audit teams and stakeholders, including regulators where required, and supports or leads special projects, investigations, and central initiatives of moderate to high complexity.
• Promotes a client-focused, high-performance, and inclusive team culture aligned with the Bank’s values, risk appetite, risk culture, and conduct expectations, while supporting coaching, development, and succession planning.
• Provides AML CoE oversight, guidance, and challenge to International Banking AML audit engagements conducted by local audit teams across all audit phases to promote consistency in the application of Scotiabank methodology, AML enterprise standards, and the Institute of Internal Auditors (IIA) Code of Ethics.
• Supports AML continuous monitoring and annual planning for International Banking by identifying emerging risks, systemic issues, regulatory and industry developments, and AML risk entities that may affect the audit universe or require adjustments to the audit plan.
• Supports testing of AML remediations and other central initiatives across International Banking countries, validates issue closure and sustainability of corrective actions, and reviews or provides input on AML policies, standards, regulations, and Detailed Audit Programs to assess adequacy and completeness of coverage.
• Provides guidance, knowledge sharing, and targeted training to local audit teams on AML technical matters and helps ensure audit reporting, including English and Spanish reports where applicable, meets departmental quality and timeliness standards.
• Maintains required departmental training and pursues continuous learning to stay current on AML regulations, audit methodology, and industry best practices.

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: Senior