Scotiabank

Manager, Global ML/TF Risk Detection

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

Qualifications

  • Bachelor's Degree in Business Administration or Computer Science
  • Experience with automated AML/ATF transaction monitoring tools
  • Strong knowledge of AML/ATF domain
  • Familiarity with Scotiabank's International Banking and system
  • Certified Anti Money Laundering Specialist (CAMS) or similar certification is desirable
  • Spanish speaking is a plus

Responsibilities

  • Champion a customer-focused culture to enhance client relationships
  • Provide oversight and support to senior management for scenario management
  • Collaborate on Post-Implementation Validation & Business Acceptance Testing
  • Review Product Coverage Assessment to identify transaction monitoring gaps
  • Document Rules Design Guidelines for new or enhanced monitoring rules
  • Develop Business Requirements Document for monitoring rule enhancements
  • Conduct Above The Line/Below The Line analysis to calibrate monitoring rules
  • Document AML issues and prepare relevant approval artifacts
  • Coordinate with work streams to manage backlogs and identify efficiencies
  • Integrate the bank’s risk appetite into daily operations
  • Promote a high-performance environment and foster inclusion

Benefits

  • Inclusive and collaborative work environment that encourages creativity
  • Competitive rewards package including performance bonuses
  • Employee Share Ownership Program and Pension Plan Matching
  • Comprehensive health benefits from day one
  • Career development and progression opportunities
Full Job Description
Requisition ID: 264080

Contributes to the overall success of the Global ML/TF Risk Detection Transaction Monitoring program with a focus on International Banking, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies and procedures.

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

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Provide oversight and support to the Senior Manager & Director, Global ML/TF Risk Detection, responsible for scenario management to identify efficiencies, define scenario strategies, support the implementation of new initiatives and products while adhering to operational and global regulatory compliance risks
  • Collaborate with different working groups and effectively conduct Post-Implementation Validation & Business Acceptance Testing for new and existing rules
  • Execute and document the annual review of the Product Coverage Assessment (PCA) to identify possible transaction monitoring gaps or opportunities to enhance the coverage in the jurisdictions in International Banking (IB) where the bank operates
  • Execute and document the Rules Design Guidelines when new or enhanced transaction monitoring rules or reports are to be implemented
  • Execute and develop Business Requirements Document required to enhance transaction monitoring rules or processes related to the operation of automated rules or non-automated controls
  • Execute Above The Line / Below The Line analysis of alerts generated as part of the calibration of TM rules to enhance the calibration process with a qualitative standpoint additional to the quantitative analysis (statistical analysis) executed by AMA
  • Document relevant AML issues to be brought forward for decisions to close identified gaps within business lines and operational units, identify best practices, prepare relevant artifacts, obtain approvals and incorporate information into policy and procedures
  • Ability to co-ordinate with other work streams, manage the back log, leverage the same technology resources and prioritize activities including audit, enhancements and production fixes while identifying dependencies and inefficiencies across work streams
  • 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 his/her 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


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • Bachelor's Degree or higher in Business Administration or Computes Science
  • Background and previous experience with automated AML/ATF transaction monitoring tools
  • AML/ATF domain knowledge required
  • Scotiabank International banking and system knowledge/ business units is an asset.
  • Certified Anti Money Laundering Specialist (CAMS) or other recognized Financial Crimes certification is an asset
  • Spanish speaking an asset


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


Location(s): Canada : Ontario : Toronto

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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

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