ScotiaMcLeod Manager, AML & Regulatory

Scotiabank; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Scotiabank is seeking a Manager, AML and Regulatory to enhance our wealth management services. The successful candidate will support the AML program by managing risks and providing expert guidance in a collaborative environment. You will play a key role in client onboarding and compliance, contributing to our commitment to financial integrity and safety.

Benefits

Learning and Development opportunities

Inclusive work environment

Collaborative team culture

Qualifications

• Minimum 2 years in AML or regulatory capacity.
• Proficient in Microsoft Word, Excel, and PowerPoint.
• Solid understanding of financial services, especially securities.

Responsibilities

• Monitor and respond to AML inquiries.
• Manage onboarding processes for high-risk accounts.
• Provide guidance on AML policies.

Skills

Analytical skills

Risk management

Communication skills

Education

CAMS or CFCS certification

Canadian Securities Course

Tools

Broadridge (HOD)

Salesforce

WealthNet

Job description

Requisition ID: 227576

As a cornerstone business within Scotia Wealth Management, ScotiaMcLeod has earned a reputation for integrity based on service excellence and trusted investment advice. Our advisors and teams pride themselves on exploring innovative approaches to protecting and growing their clients' assets.

When you join ScotiaMcLeod, you’ll be empowered to deliver Enriched Thinking, a unique approach that incorporates your client’s thinking, as well as our thinking, to drive results. You’ll work with a team of specialists to deliver a client-centric approach to wealth management, enabling you to consider all the facets of your client’s life, family and business. With a focus on total wealth planning, and wealth specialists to help you deliver on this unique value proposition, you’ll be enabling clients to see not just the big picture, but all the little ones too.

INTRODUCTION:

The Manager, AML and Regulatory contributes to the overall success of the National Supervision Group, Advisory and Regulatory Affairs within ScotiaMcLeod. They are responsible for supporting the Senior Manager, AML and Regulatory in the management of ScotiaMcLeod AML and Sanctions program activities to reduce the risk of financial loss, damage to reputation, regulatory sanction and litigation, fines, and penalties for ScotiaMcLeod.

WHAT YOU’LL BE DOING

In this role you will:

• Monitor, manage, and timely respond to inquiries in the AML intake e-mail for National Supervision.
• Assist in bringing requests for Information to a resolution and arrange for closing of dormant accounts.
• Manage the process to ensure the accounts of High Risk coded appropriately on Host on Demand/Broadridge.
• Manage and monitor the exception reports related to client relationships that are approved for onboarding or retention with conditions along with escalation and remediation of incidents.
• Conduct ad hoc account reviews and providing written analysis for client accounts as required.
• Promptly submit UTRs when a client’s expected behavior is deemed to be unusual or suspicious or when ScotiaMcLeod voluntarily determines to de-risk a business relationship for AML purposes..
• Support the remediating of internal audit and testing findings on targeted accounts, including the development of action plans and implementation of policy and procedures to close identified gaps.
• Act as an AML resource to ScotiaMcLeod branches and operations staff, providing expert guidance and excellent support with respect to AML and sanctions policies and procedures.

DO YOU HAVE THE SKILLS

We’d love to work with you if you have:

• Are a highly motivated, innovative, and results-oriented individual with excellent analytical, written and communication skills, and strong risk management skills.
• Solid understanding of the financial services industry with an emphasis on the securities sector.
• An understanding of products and services provided by ScotiaMcLeod is considered a strong asset.
• Proven skills in risk assessment and management relating to AML / ATF, Sanctions matters.
• The ability to work independently and within a team environment.
• Proficient use of Word, Excel, and Power Point.
• A working knowledge of Broadridge (HOD), Wealthone, Webpost, Score, Salesforce, WealthNet and Wealth client onboarding process

• A minimum of 2 years’ experience working in an AML or regulatory capacity or in a securities sector setting within a financial institution.

• CAMS or CFCS certification Preferred

• Canadian Securities Course Preferred

WHAT’S IN IT FOR YOU:

• At ScotiaMcLeod we help employees build their futures – where they can be themselves, and win together. With a commitment to diversity and inclusion and a performance-oriented culture that includes coaching, learning, and development – there are endless possibilities. At ScotiaMcLeod– you can make an impact. You help make the futures of our 25 million customers happen. You can find your future here.

• The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
• An organization committed to making a difference in our communities– for you and our clients .
• An inclusive working environment that encourages creativity, curiosity and celebrates success.
• Learning and Development – free access to Scotia Academy to upskill and develop your skills

#SWM #LI-Onsite #LI-HA1

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. 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.