Scotiabank

Manager, Business Risk Management, AML

Scotiabank$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in Financial/Product Management/AML in finance sector
  • Deep understanding of wealth management products and markets
  • Strong analytical, written, and communication skills
  • Proven risk assessment and management capabilities related to AML/ATF/Sanctions
  • CAMS certification or AML-related courses considered an asset

Responsibilities

  • Champion a client-focused culture to enhance relationships in Wealth Management
  • Develop and refine AML/ATF/Sanctions procedures and controls
  • Create action plans to resolve Audit and MSI issues in AML/Sanctions
  • Drive AML/Sanctions initiatives alongside Senior Manager
  • Educate staff on AML/Sanctions policies and best practices
  • Support policy changes identified through regulatory reviews
  • Monitor business compliance with AML policies and recommend improvements

Benefits

  • Opportunity to join a forward-thinking and collaborative team
  • Access to diverse professional development opportunities
  • Exposure to various aspects of the bank's financial profile
  • Competitive compensation and benefits package
  • Commitment to community impact and customer service
  • Inclusive work environment fostering creativity and success
Full Job Description
Requisition ID: 264947

Contributes to the success of the Wealth AML Controls team for Global Wealth Management by ensuring individual goals, plans, and initiatives are executed in support of first-line business strategies and objectives. Ensures all activities comply with governing regulations, internal policies, and procedures.

Is this role right for you?

Client Focus
  • Champion a client-focused culture to deepen relationships and leverage broader Bank and Wealth systems and knowledge.
    Procedure and Control Development
  • Support the development, implementation, and refinement of AML/ATF/Sanctions procedures, and controls for Global Wealth Management
  • Assist in creating and executing action plans to address issues identified by Audit, testing, and MSIs related to AML/Sanctions first-line controls.
  • Act as a key driver for AML/Sanctions initiatives alongside the Senior Manager.
  • Act as a resource for AML/ATF/Sanctions and compliance-related inquiries from Wealth Management colleagues.
  • Collaborate with partner groups (Global AML Operations, AML Risk, Canadian Banking AML) to adapt and implement enterprise-wide AML/Sanctions program for Global Wealth Management
    Program Sustainability
  • Educate and inform staff on AML/Sanctions policies, standards, and procedures in alignment with guidance from partner groups.
  • Maintain awareness of legislative and regulatory changes, emerging trends, and industry best practices.
  • Support policy and procedural changes to address deficiencies identified through reviews and audits.
  • Provide input on the effectiveness of existing policies and recommend improvements.
  • Coordinate AML/Sanctions efforts with other Bank departments.
  • Ensure implementation of new AML requirements within the first line as mandated by the Bank or regulators.
  • Monitor business activities for adherence to policies and escalate issues as appropriate.
  • Provide advice on new initiatives, products, and services to ensure AML risks are addressed.
  • Reduce risk of financial loss, reputational damage, regulatory sanctions, and penalties through effective AML controls.
    General
  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Champions a high-performance environment and contributes to an inclusive work environment.


Do you have the skills that will enable you to succeed in this role?
Functional competencies:
  • Highly motivated, innovative and results-oriented individual with excellent analytical, written and communication skills, and strong risk management skills
  • Solid understanding of relationship management and wealth businesses, with a deep knowledge of products provided by and markets served by the Wealth Management Business Lines.
  • Solid understanding of the financial services industry, with particular emphasis on multinational and corporate clients/operations
  • Proven skills in risk assessment and management relating to AML / ATF, Sanctions matters
  • At least 5 years of Financial/Product Management/AML experience within the financial sector
  • CAMS certification and courses in AML/ATF would be an asset.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development. This position will have exposure to multiple aspects of the bank's financial profile, such as balance sheet growth, provisions for credit losses and capital adequacy assessment.
  • Becoming a subject matter expert and storyteller for our Canadian retail portfolio, in terms of how the stress testing process works and what drives the portfolio's credit loss
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


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
5 Year Trend
+7%
NASDAQ

Similar Jobs

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Manager, Business Risk Management, AML jobs: