Aml Consultant jobs

Requisition ID: 272482

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Manager contributes to the overall success of the Global Banking and Markets (“GBM”) AML Monitoring and Testing Department (“M&T”), Global AML, by ensuring that specific individual goals, plans and initiatives are executed/delivered in support of the team’s business strategies and objectives. The Manager ensures that all activities conducted are in compliance with governing regulations, internal policies and procedures.

Is this role right for you? In this role, you will:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Assist in developing and maintaining a robust AML Monitoring and Testing (M&T) Program including participation in annual test planning activities, developing Test Plans (aka Test Scripts), creating and/or updating Trend Sheets with appropriate testing attributes to ensure key risks and controls are subject to testing.
• Conduct monitoring and testing reviews on AML-ATF and Sanctions activities to ensure the effective and compliant execution and sustainability of the GBM AML/ATF and Sanctions Compliance Programs and in accordance with the Scotiabank Enterprise AML and Sanctions Testing Standards and jurisdictional Addenda and Procedures, as applicable.
• Identify, test and evaluate key control points, ensuring that the scope and extent of work is in accordance with the approved Monitoring and Testing Plan.
• Ensure internal control weaknesses have been identified, errors have been quantified as appropriate, problems and associated impact are properly defined, documented and reported.
• Ensure written results are comprehensive and well documented (including, but not limited to, sampling criteria, sampling methodology, trend sheets and test results) and accurately identify AML and Sanctions risk factors.
• Ensure that Management’s Action Plans (“MAPs”) are appropriate and adequately address the risk of the issue.
• Validate ongoing remediation activities by issue owners to determine whether such remediation activities are in accordance with the agreed upon MAPs.
• Maintain the AML Monitoring and Testing program, identifying and implementing opportunities for increased effectiveness, efficiency, and risk mitigation.
• Assist in developing meaningful, robust metrics and reporting of findings and progress against remediation objectives.
• Work with GBM AML Risk personnel and business line representatives to assist in the development of training, where appropriate, based on test/review results.
• Perform ad-hoc, special and/or focused reviews as necessary.
• Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.
• Monitor the regulatory environment for emerging issues, legislation and policy requirements. Keep abreast of trends and industry best practices through review of regulations and guidance issued by regulatory agencies and publications.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue 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 of, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high-performance environment and contribute to an inclusive work environment.
• Other duties and projects as assigned.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Bachelor’s degree in accounting, business administration, finance, or similar field.
• A minimum of 5 years AML testing or audit AML experience in a regulatory, compliance, or quality assurance capacity within a financial institution setting.
• Prior experience in examination/auditing roles and an understanding of testing methodology and risk and controls analysis.
• Strong understanding of compliance and testing best practices.
• Familiarity with the key products offered in the division and related BSA/AML and Sanctions functions.
• Strong analytical, investigative, project management, planning and reporting skills.
• Strong written and spoken communication abilities.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with complex projects.
• Ability to manage multiple reviews and projects concurrently.
• ACAMS is preferred.

What's in it for you?

• Champion a high-performance environment and contribute to an inclusive work environment.
• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• A competitive compensation and comprehensive benefits plan.
• An organization committed to making a difference in our communities - for you and our customers.
• 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.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.