Scotiabank

Manager, GBM AML Monitoring & Testing, Global AML

Scotiabank • $100K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, business administration, finance, or similar field.
  • Minimum of 5 years AML testing or audit AML experience in a regulatory or compliance capacity in a financial institution setting.
  • Experience in examination/auditing roles with understanding of testing methodology and risk and controls analysis.
  • Strong understanding of compliance and testing best practices.
  • Familiarity with key products in the division related to BSA/AML and Sanctions functions.
  • Strong analytical, investigative, project management, planning and reporting skills.
  • Excellent written and spoken communication abilities.

Responsibilities

  • Champion a customer-focused culture to enhance client relationships.
  • Develop and maintain a robust AML Monitoring and Testing (M&T) Program.
  • Conduct monitoring and testing reviews on AML-ATF and Sanctions activities.
  • Identify and evaluate key control points according to the Monitoring and Testing Plan.
  • Document internal control weaknesses and quantifiable errors for reporting.
  • Verify Management's Action Plans (MAPs) effectively address identified risks.
  • Assist in developing metrics and reporting on remediation findings.

Benefits

  • Opportunity to contribute to a high-performance and inclusive work environment.
  • Join a forward-thinking organization with a collaborative team of innovative thinkers.
  • Comprehensive benefits plan with recognition for high performance.
  • Access to leadership support through meaningful development conversations.
  • Internal training programs to foster personal growth and career advancement.
Full Job Description
Requisition ID: 272482

The Manager contributes to the overall success of the Global Banking and Markets ("GBM") AML Monitoring and Testing Department ("M&T"), Global AML, by ensuring that specific individual goals, plans and initiatives are executed/delivered in support of the team's business strategies and objectives. The Manager ensures that all activities conducted are in compliance with governing regulations, internal policies and procedures.

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

  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Assist in developing and maintaining a robust AML Monitoring and Testing (M&T) Program including participation in annual test planning activities, developing Test Plans (aka Test Scripts), creating and/or updating Trend Sheets with appropriate testing attributes to ensure key risks and controls are subject to testing.
  • Conduct monitoring and testing reviews on AML-ATF and Sanctions activities to ensure the effective and compliant execution and sustainability of the GBM AML/ATF and Sanctions Compliance Programs and in accordance with the Scotiabank Enterprise AML and Sanctions Testing Standards and jurisdictional Addenda and Procedures, as applicable.
  • Identify, test and evaluate key control points, ensuring that the scope and extent of work is in accordance with the approved Monitoring and Testing Plan.
  • Ensure internal control weaknesses have been identified, errors have been quantified as appropriate, problems and associated impact are properly defined, documented and reported.
  • Ensure written results are comprehensive and well documented (including, but not limited to, sampling criteria, sampling methodology, trend sheets and test results) and accurately identify AML and Sanctions risk factors.
  • Ensure that Management's Action Plans ("MAPs") are appropriate and adequately address the risk of the issue.
  • Validate ongoing remediation activities by issue owners to determine whether such remediation activities are in accordance with the agreed upon MAPs.
  • Maintain the AML Monitoring and Testing program, identifying and implementing opportunities for increased effectiveness, efficiency, and risk mitigation.
  • Assist in developing meaningful, robust metrics and reporting of findings and progress against remediation objectives.
  • Work with GBM AML Risk personnel and business line representatives to assist in the development of training, where appropriate, based on test/review results.
  • Perform ad-hoc, special and/or focused reviews as necessary.
  • Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.
  • Monitor the regulatory environment for emerging issues, legislation and policy requirements. Keep abreast of trends and industry best practices through review of regulations and guidance issued by regulatory agencies and publications.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy of, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • Champion a high-performance environment and contribute to an inclusive work environment.
  • Other duties and projects as assigned.


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 in accounting, business administration, finance, or similar field.
  • A minimum of 5 years AML testing or audit AML experience in a regulatory, compliance, or quality assurance capacity within a financial institution setting.
  • Prior experience in examination/auditing roles and an understanding of testing methodology and risk and controls analysis.
  • Strong understanding of compliance and testing best practices.
  • Familiarity with the key products offered in the division and related BSA/AML and Sanctions functions.
  • Strong analytical, investigative, project management, planning and reporting skills.
  • Strong written and spoken communication abilities.
  • Excellent teamwork, interpersonal and conflict resolution skills.
  • Highly organized and capable of dealing with complex projects.
  • Ability to manage multiple reviews and projects concurrently.
  • ACAMS is preferred.


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

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