Risk Management Consulting jobs in Toronto, ON

Requisition ID: 260069

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

Purpose:

The Senior Manager, AML reports to the Director, Anti-Money Laundering (AML) for Wealth Management on day to day management of Wealth Management’s Anti-Money Laundering program including supervisory oversight across wealth, working closely with Business unit 1A representatives. The incumbent will lead the implementation and ongoing sustainment of AML & ATF compliance by helping the wealth business to design, implement and monitor and report on controls over regulatory risk.

Accountabilities:

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Creates an environment in which his/her team pursues effective and efficient operations of his/her 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 enterprise policies and the Guidelines of Business Conduct
• Manages the implementation of large scale AML/ATF Enterprise projects across wealth business units.
• Assists and supports with wealth business lines with oversight and compliance by the following:
  • Providing AML/ATF compliance support to wealth business units; including being the subject matter expert and providing direction and guidance on appropriate reviews and actions
  • Identifying unacceptable AML/ATF risks and escalating them to the Director, AML, Wealth Management
  • Ensuring processes/controls are updated in accordance with regulatory developments
  • Supporting enhanced due diligence and review of account activity for flagged clients
• Sustains AML processes by supporting wealth business units with development and execution of procedures, initiatives and best practices ensuring compliance with regulations and internal policies and procedures.
• Contributes to the effective collaboration and successful execution of the AML program across Wealth, 1A, 1B and 2nd lines of defence
• Manages the design and implementation of an ongoing change management program for AML across wealth and ensures alignment with the rest of Scotiabank
• Maintains regulatory awareness, current knowledge of applicable regulatory requirements and industry best practice in operational risk
  
  Education, Experience and Other Information:
  
  
  

• Certified Anti-Money Laundering Specialist designation
• Solid knowledge of local and international AML/ATF regulations
• Excellent problem solving, negotiating skills and highly developed influencing skills
• Excellent communication skills, both written and verbal
• Excellent leadership and time management skills
• Excellent knowledge of the roles and responsibilities of wealth and support functions crossing all delivery channels
• Self-reliant and pro-active approach to work
• 8+ years previous experience in project management and/or regulatory reform initiatives or significant work experience in a GWM environment
• Strong relationship building competencies to build/maintain productive relationships with key stakeholders and business unit partners
• Expert analytic and problem solving capability
• Proven track record of meeting deliverables
• French and Spanish languages are an asset.
• Bachelor degree in Business Administration, Accounting, Finance with a minimum of 5 years of relevant AML/ATF or banking experience

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.