Senior Manager, Enterprise AML Payments Compliance

Scotiabank • Dallas, TX

2d

About The Position

The Senior Manager, AML Payments Compliance is responsible for driving the strategic direction and managing the risk associated with payments. This role serves as the point of contact for the Bank’s Business Lines (BLs) concerning AML and Sanctions payments initiatives, encompassing business-as-usual (BAU) processes, channels, rails, and initiatives related to payments. This role provides oversight and advisory on the enterprise-wide payment ecosystem from a second line of defence perspective.

Requirements

• Expert knowledge in payment messages (MT103, MT202, pacs.008, pacs.009, pain.001), payment data (ISO20022 data elements) and its associated technology (i.e., how data flows through the Bank to its downstream users (i.e., AML and Sanctions)).
• Knowledge of Global AML and Sanctions obligations, which include Transaction Monitoring, Sanctions Screening, KYC, Name Screening and Regulatory Reporting.
• Knowledge of the latest trends and best practices in the payments landscape.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication and interpersonal skills to work with many different stakeholders across the first and second line.
• Ability to work effectively in a fast-paced, dynamic environment with evolving timelines and priorities.
• Demonstrate strong leadership skills by guiding and motivating the team to achieve their goals. This includes setting clear expectations, providing regular feedback, and fostering a positive work environment.
• Build and maintain strong relationships with key stakeholders. This involves effective communication, active listening, and addressing any concerns or issues that arise.

Nice To Haves

• Understanding of data flows, data integrity, data lineage and DFS Part 504 are assets.

Responsibilities

• Oversight and advisory on the payment ecosystem: Provide comprehensive AML and Sanctions oversight and advisory on our enterprise-wide payments ecosystem, including SWIFT ISO20022 Global Mandate, payment types (including digital/fintech), channels, and jurisdictions, ensuring robust AML and Sanctions compliance across the board.
• Direct business collaboration: Work hand-in-hand with BLs to provide visibility and expertise in crafting AML solutions and ensuring an informed and strategic approach towards compliance.
• Efficiency through reduced touch points: Reduce redundant touch points for AML and Sanctions matters and optimize operational efficiency allowing for swifter, more focused compliance efforts.
• Risk Management: Lead the identification, assessment, and mitigation of AML and Sanctions risks related to enterprise payments. Ensure compliance with regulatory requirements and internal policies.
• Strategy Development: Develop and implement strategies to enhance the efficiency and effectiveness of enterprise payments. Collaborate with cross-functional teams to align payment strategies with overall business objectives.
• Project Management: Oversee the planning, execution, and monitoring of projects related to enterprise payments. Ensure projects are delivered on time, within scope, and within budget.
• Timely resolution of AML and Sanctions issues: Address payments related AML and Sanctions concerns promptly.

Benefits

• Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees