Scotiabank

Manager, FIU/SIU/SIUP

Scotiabank • $80K — $110K *
Mississauga, ON L4T 0A1In-Person
Finance & Insurance
Less than 5 years of experience
2 days ago
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent with a minimum of 3 years of AML/risk experience.
  • Knowledge of local and international AML regulations.
  • Expertise in money laundering/terrorist financing investigations.
  • Strong investigative and analytical skills, particularly in financial transactions.
  • Proficient writing abilities and sound judgment in risk assessment.
  • Good interpersonal communication skills, with French/Spanish as a plus.
  • CAMS designation is advantageous.

Responsibilities

  • Prioritize and manage investigations within FIU / SIU teams.
  • Establish goals and monitor performance benchmarks for team.
  • Review and prepare investigative reports and related documents.
  • Provide coaching and feedback on FIU / SIU investigations.
  • Mentor investigative teams and manage resources effectively.
  • Ensure timely reporting of suspicious transactions to regulatory authorities.
  • Prepare and deliver investigative results, identifying trends for improvement.

Benefits

  • Champion a high-performance environment and contribute to inclusion.
  • Join a collaborative team in a forward-thinking organization.
  • Access to a competitive compensation and comprehensive benefits plan.
  • Engagement in community-focused initiatives for customer impact.
  • Opportunities for recognition, development conversations, and internal training for advancement.
Full Job Description
Requisition ID: 265722

Reporting to the Senior Manager, the Manager FIU/SIU/SIUP supervises and manages a designated team(s) within the Financial Intelligence Unit (FIU), Special Investigations Unit (SIU), or SIU Projects team (SIUP) to ensure the delivery of clearly reasoned findings and actions associated with FIU/SIU/SIUP investigations, along with the timely disposition of such investigations. They also ensure all activities conducted comply with governing regulations, as well as internal policies and procedures.

The Manager, plans, co-ordinates, and investigates potential money laundering (ML), terrorist financing (TF), and/or other matters related to FIU/SIU/SIUP transaction monitoring cases referred by internal team members, and/or other internal or external sources. They will also be the person who manages the operational processes and maintains quality performance for the FIU/SIU/SIUP, including timely investigations and proper regulatory reporting, such as suspicious transaction reporting. Consistently delivers clearly reasoned, rational, and timely outcomes, findings, and actions associated with FIU/SIU/SIUP investigations, thereby mitigating potential financial, regulatory, reputational, sanctions, and legal risk to the Bank.

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

  • Prioritize and manage investigations conducted by the FIU / SIU team, including monitoring performance and meeting established benchmarks.
  • Establish and monitor team goals and objectives to manage workload and performance.
  • Review, approve and prepare investigative reports, along with related documents.
  • Provide coaching, feedback and recommend actions regarding FIU / SIU investigations, as appropriate.
  • Mentor the investigative teams and manage resources required to complete investigations.
  • Monitor the FIU's timely reporting of suspicious transaction reporting ("STR") and other required AML / TF filings to the proper regulatory authority, in accordance with regulations.
  • Recommend risk mitigation actions and next steps at the conclusion of FIU / SIU investigations.
  • Prepare materials and deliver investigative results to the appropriate staff, including identification of trends and areas for improvement.
  • Apprise and advise senior personnel regarding on-going investigations and findings.
  • Communicate regularly with team members to identify challenges and obstacles related to the team's objectives.
  • Identifie and suggest AML/ATF awareness training needs to discuss trends and changes in money laundering typologies.
  • Maintain up-to-date knowledge and skills sets relevant for AML, TF, sanction and other regulatory matters to perform FIU / SIU investigations.
  • Share subject matter expert and provide specialized advice, guidance and direction to team members on money laundering, financing of terrorism, and other related issues as they pertain to investigative work.
  • Support, mentor, and coach team members for on-going professional development to ensure that individuals and collective team knowledge is current and comprehensive to support the investigation process and to ensure that outcomes, including decisions and recommendations are based on a thorough understanding of risk and made in the context of relevant and full knowledge.
  • Understand and apply the Bank's risk appetite and risk culture in day-to-day activities and decisions.
  • Create an environment in which the team pursue effective and efficient operations of their 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 Global Handbook and the Guidelines for Business Conduct.
  • Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.
  • Remain flexible, as Managers may be reassigned between FIU and SIU based on business needs and at the discretion of the management team.


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

  • Bachelor's degree (University Degree) or equivalent with a minimum of 3 years of experience in AML and/or risk disciplines. In addition,
  • Knowledge of local and relevant international AML laws and regulations.
  • Demonstrated expertise in ML/TF investigations.
  • Strong investigative skills and understanding of financial transactions with AML investigative technology experience.
  • Strong writing and analytical skills.
  • Demonstrated ability to exercise sound judgment as to the materiality of risks identified.
  • Proven ability in determining required risk mitigation activities with appropriate consideration to the impact to the business line.
  • Good interpersonal and communication skills.
  • Uses an analytical approach to problem solving, with a focus on managing a team environment coupled with attention to results and a sense of urgency.
  • Ability to communicate in French and/or Spanish is an asset.
  • Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.
  • Exemplary integrity and ethics in all instances.


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 : Mississauga || 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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