Requisition ID : 105932
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
The Manager, AML Risk, Quality Assurance ( QA ) and Testing ( Manager ) is responsible for supporting the Senior Manager, AML Risk, QA and Testing ( Senior Manager ) in the planning and execution of independent challenge as it relates to the design and operating effectiveness of the AML / ATF and Sanctions Program for Canadian Banking ( CB ), Wealth Management Canada ( WMC ), and Global Banking Markets ( GBM ) (Canada).
The AML Risk’s QA and Testing team is responsible for conducting quality assurance activities against regulatory and Internal Audit issues, as well as executing second-line testing to ensure adherence to Bank policies and applicable regulatory requirements, particularly those related to customer on-boarding and enhanced due diligence, name screening, unusual and suspicious activity monitoring, reporting, etc.
This role is critical in managing the timely testing and challenge of solutions designed to address AML / ATF and Sanctions issues, as well as assisting with the execution of planned second line testing engagements.
The Manager will be responsible for driving continuous improvement to processes, while safeguarding quality and managing regulatory risks.
The Manager works closely with first- and second-line AML / ATF and Sanctions resources to ensure timely testing and resolution of AML issues in order to mitigate regulatory ML / TF and Sanction risk, operational risk and conduct risk.
This position reports directly to the Senior Manager, AML Risk, Quality Assurance and Testing.
Key Accountabilities :
Initiating, managing, and executing projects and / or control reviews independently or within cross functional teams with minimal oversight.
Supporting the development and execution of a robust testing plan by reviewing assigned business or operational units in accordance with Testing Standards, Enterprise AML / ATF and Sanctions Policies and applicable regulatory requirements.
Supporting the development of the methods and standards to be used when conducting review of Canadian AML / ATF and Sanctions Program requirements.
Executing multiple simultaneous review engagements while identifying areas for improvement and ensuring appropriate corrective actions are taken, if necessary.
Communicating with business lines and / or operational units and presenting results to Management.
Ensuring all deliverables are completed within negotiated timeframes and within established department guidelines and protocols, escalating as necessary.
Tracking status of corrective action plans for identified control deficiencies.
Managing personal development to ensure knowledge and skills related to AML / ATF are continually enhanced by :
Researching best practices and AML trends through review of regulations and guidance issued by various regulatory agencies, publications, participation in industry associations, and working with other members of the Canadian AML / ATF and Sanction Program;
Taking courses designed around people, process and technology;
Building relationships with internal and external partners;
Developing strategic relationships by establishing, building and maintaining relationships with key stakeholder departments across the enterprise.
Understanding how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Performing ad-hoc, special, focused, and / or other duties and projects as necessary.
Education / Experience
Bachelor’s degree or BA in Business (or international equivalent) or related field experience with a minimum of 3-5 years of experience in AML (self-assessments and / or testing), AML Audits, AML Regulatory examinations, Compliance examinations, or quality assurance capacity within a financial institution setting. In addition,
Strong knowledge and understanding of Canadian AML / ATF and Sanctions regulatory requirements including the Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA) and Regulations (PCMLTFR), OSFI Guideline B8, Designated Persons Listings and Sanctions Laws, as well as FINTRAC Guidelines
Strong understanding of AML / ATF and Sanctions risks with respect to the Bank’s business lines, geographies, client types, products, services, transactions, etc.
Strong analytical, problem-solving, planning and critical thinking skills with solid organization and time management skills to deal with complex operational issues in a matrix organization.
Demonstrated integrity when working with colleagues and leading others by setting example of required behaviours.
Excellent teamwork, interpersonal (written and verbal communication) and conflict resolution skills in order to be able to manage difficult conversations with senior members of the organization and build cross-functional business relationships and trust amongst all internal and external stakeholders.
Experience in managing complex projects and initiatives across different businesses concurrently.
High client focus and high-risk management focus.
Proven experience identifying and implementing process enhancements as well as the experience to oversee the resolution of process deficiencies and drive operational efficiency without compromising compliance requirements.
Curious results oriented, highly motivated with a keen ability to influence others.
Working knowledge and understanding of the Bank’s objectives, strategies, and business activities.
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.
If you require technical assistance, please click here . 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.