Scotiabank

Manager, Business Risk Management, AML

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5+ years of experience in Financial/Product Management/AML within the financial sector
  • Strong analytical, written, and communication skills
  • Deep understanding of wealth management products and market dynamics
  • Solid risk assessment and management skills regarding AML/ATF, and Sanctions
  • CAMS certification preferred, along with AML/ATF coursework
  • Highly motivated and results-oriented individual

Responsibilities

  • Champion a client-focused culture to deepen relationships
  • Support development and refinement of AML/ATF/Sanctions procedures
  • Execute action plans addressing audit and control issues
  • Drive AML/Sanctions initiatives in partnership with the Senior Manager
  • Educate staff on AML/Sanctions policies and industry standards
  • Monitor business activities for compliance and escalate concerns
  • Provide insights on new products and services to manage AML risks

Benefits

  • Flexible benefit programs supporting family, financial, physical, mental, and social health
  • Focus on holistic well-being
  • Inclusive work environment
  • Opportunities for professional development and skill enhancement
Full Job Description
Requisition ID: 265053

Purpose:

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? In this role, you will:

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? - We'd love to work with you if you have:

  • 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.


Work Arrangement:

The incumbent works in a standard office environment. Normal sensory attention is required. The incumbent is occasionally required to travel. Frequent interruptions, ad hoc requests and unplanned operating issues, along with constantly changing priorities contribute to the high demands placed on the incumbent. Non-standard working hours are a regular occurrence.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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

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