Scotiabank

Director & Head, Data Models and AI - Global AML

Scotiabank • $150K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 10+ years in a management role
  • Deep understanding of AML business solutions and processes
  • Experience managing a team of modelers and developers
  • Familiarity with statistical modeling and data science methods
  • Knowledge of data platforms, cloud solutions, and AML systems
  • Strong stakeholder communication and influencing abilities
  • Bachelor's degree in a related field (science, technology, engineering, mathematics)

Responsibilities

  • Drive a client-focused culture to strengthen team relationships
  • Build and manage a high-performance data, modeling, and AI team
  • Lead the development and deployment of AI and machine learning models
  • Ensure compliance with model development standards
  • Collaborate with stakeholders on AML data domain vision and roadmap
  • Oversee data quality management and remediation plans
  • Create an inclusive work atmosphere that fosters team development

Benefits

  • Be part of a high-performance and inclusive work environment
  • Join a forward-thinking organization with innovative teammates
  • Access a comprehensive benefits plan
  • Work for a company focused on community impact
  • Receive recognition and support for high performance and development opportunities
Full Job Description
Requisition ID: 273731

The Director and Head, Data, Models and AI provides strategic direction, leadership and oversight for AML data, models, and AI teams globally, ensuring AML strategies, plans, and initiatives are supported in compliance with governing regulations, internal policies, and procedures. Supports the Bank's business strategy by proactively identifying risks to Keep Bank Safe. Leads the development of the data, models, and AI strategy and roadmap, mobilization of the data domain, and connects into critical transformation and remediation initiatives to provide input from a data, modeling, and analytics perspective.

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

  • Lead and drive a client-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Build and manage a team of data, modeling, and AI professionals. This team will take responsibility for building, testing, tuning, optimizing, and documenting a range of models as part of the Bank AML program.
  • Anticipate deliverables include AI and machine learning models, and agents for ongoing monitoring, screening, and investigations aligned to AML Strategy - Data and Technology Target State vision.
  • Ensures that model development framework complies with both internal and external standards.
  • Work with various stakeholders, including the Enterprise Data Management Office and Enterprise Technology, to articulate the Enterprise-wide vision, strategy, and roadmap for the AML data domain and data product, which includes:
    • Key initiatives required to mobilize the domain and sub-domains (e.g. Ongoing Monitoring, Screening, and Investigations).
    • Link to other new and existing initiatives with heavy data requirements.
    • Overall view on sequencing and timing of data, modelling and analytics initiatives.
    • Defining data domain scope and structure, data elements / critical data elements, and data quality rules for data consumed by AML.
    • Overseeing the process to establish business, technical, and operational metadata and data lineage for data belonging to the AML domain.
    • Overseeing data quality management for data belonging to the AML domain and designing remediation plans.
    • Executing data remediation plans with the appropriate team (e.g., frontline owners of applications, IT&S) as required.
  • Enable data and data governance capabilities across the AML program:
    • Understand what data is required.
    • Ensure standard definitions across data elements and across CB, IB, Wealth and GBM.
    • Provide oversight on data availability, and implementation of data quality controls.
    • Ensure impact to existing data is identified and addressed in accordance with data standards.
  • Collaborate closely with the Enterprise Data Office to ensure compliance with data management policies and standards.
  • Participate in other assignments as directed by the VP, AML Data, Models and AI.
  • Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; manage succession and development planning for the team.
  • Direct day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicate the Bank's risk culture and risk appetite statement throughout their teams.
  • Create an environment in which the group 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 and Sanctions policies, and the Guidelines for Business Conduct.


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

  • 10+ years in a management role.
  • Understanding how data, models and AI enable AML business solutions/processes.
  • Experience managing a team of modelers and developers.
  • Experience with statistical modeling and data science methods.
  • Understanding of data platforms, cloud solutions, and AML systems/solutions.
  • Knowledge of AML business solutions / processes is preferred.
  • Familiarity with data management and domain structure is preferred.
  • Strong ability to influence/communicate with stakeholders across functions and at all levels (BU, IT, executives).
  • Strong leadership and project management experience.
  • Bachelor's degree or higher in science, technology, engineering, or mathematics (all related fields that support data, modeling, and AI).


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

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Director & Head, Data Models and AI - Global AML jobs:

NationwideToronto, ON