Manager, International AML Advisory

Socket.dev; Toronto; On-site; CAD 95,000 - 150,000; Full time

Benefits offered by this job

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Job summary

Scotiabank is seeking an AML advisory professional to contribute to risk assessments across International Banking, ensuring regulatory compliance and effective risk controls. You will work with senior stakeholders to identify AML risk drivers and support action plans.

The role requires a minimum of 5 years in financial services with AML or related oversight experience, a university degree, and strong communication skills. Proficiency in AML concepts and regulatory expectations is essential.

Qualifications

• Minimum 5 years in the Financial Services industry with AML risk, operational risk, or audit experience.
• Knowledge of AML risk drivers, typologies, sanctions regulatory expectations.

Responsibilities

• Contribute to AML risk assessments for products and services across units in International Banking.
• Evaluate inherent risk and assess effectiveness of risk mitigants.
• Educate lines of business on AML requirements and framework components.
• Support maintenance and enhancement of the AML risk framework and controls.

Skills

AML risk management

Regulatory compliance

Risk assessment

Analytical thinking

Communication skills

Problem-solving

Education

University undergraduate degree

CAMS designation (asset)

Job description

Requisition ID: 273907
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Contributes to the overall success of the AML Risk Assessments & Oversight team in International Banking, ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

The IB AML Advisory role will work very closely with the Enterprise Risk Assessment Office in the execution of Money Laundering, Terrorist Financing, and Sanctions risk assessments across Assessable Units in International Banking jurisdictions. The role proactively identifies internal and external AML risk drivers, AML risk mitigants, and supports the development of action plans to manage AML risk.

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.
• Builds and maintains current, detailed knowledge of AML matters, including AML risk drivers and typologies, AML and Sanctions regulatory requirements, and best practices related to the risk assessment process.
• Assists in the execution of AML risk assessments for products or services across Assessable Units in International Banking. Evaluates inherent risk associated with customers, products, services, and geographic locations; identifies areas of the Enterprise with greater AML risk; and assesses the level of risk mitigation in place.
• Provides input and supports maintenance and enhancement opportunities to improve the AML risk framework, including the risk assessment methodology and standards used when conducting AML inherent risk and AML program assessments.
• Provides advice and direction to applicable lines of business, educating them on AML risk assessment requirements.
• Supports the AML Internal Control support area’s accountabilities in fulfilling the effective challenge function in operational processes for respective lines of business.
• Understands 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 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 risk, 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? We’d love to work with you if you have:

• Minimum of 5 years in the Financial Services industry, including experience in Operational Risk, AML Risk, or Audit.
• University undergraduate degree
• AML designation, such as CAMS, is an asset.
• Spanish language proficiency (preferred)
• Knowledge and understanding of AML risk, Money Laundering and Terrorist Financing typologies and techniques, AML legislation, and regulatory expectations.
• Knowledge of Sanctions legislation and regulatory expectations.
• Analytical thinking, including knowledge of audit, internal controls, or similar oversight procedures.
• Strong written and verbal communication skills, with the ability to communicate with cross-functional groups and senior levels of management and clearly document the results of work performed.
• Problem-solving skills, including the ability to identify potential solutions to systemic issues in consultation with senior management.

What's in it for you?

• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• 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.
• An organization committed to making a difference in our communities - for you and our customers.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. 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.