Senior Manager, Monitoring & Testing

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking a Senior Manager for its Global Sanctions Monitoring & Testing Program. This mid-senior level position will oversee compliance with sanctions policies while developing effective testing strategies. The role requires strong analytical skills, team collaboration, and a solid background in AML procedures. Join us in a fulfilling culture that values results and inclusivity.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development opportunities

Qualifications

• Minimum of 5 years of AML/ATF/sanctions testing or audit experience.
• Experience in financial institution settings.
• Proficiency in analyzing complex data and compliance requirements.

Responsibilities

• Assess the design and operational effectiveness of sanctions controls.
• Develop annual testing plans and execute end-to-end sanctions control testing reviews.
• Track status of corrective action plans with relevant stakeholders.

Skills

Analytical skills

Project management

Strong communication skills

Organizational skills

Teamwork

Education

Bachelor’s degree in business or related field

AML/ATF/sanctions-related professional designation (e.g., CAMS, CGSS, CSS)

Tools

MS Office Suite (Word, Excel, PowerPoint, Outlook)

Job description

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Requisition ID: 226555

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

The Senior Manager contributes to the overall success of the Global Sanctions Monitoring & Testing Program by ensuring that specific individual goals, plans, and initiatives are executed and delivered in support of the Program, as well as the business strategies and objectives of the Global Sanctions & Screening (GSS) team. They also ensure that all activities are conducted in compliance with governing regulations, internal policies, and procedures.

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

• Assess the design and operational effectiveness of sanctions controls and ensure adherence to the Bank’s sanctions policies, standards, procedures, and applicable regulatory requirements.
• Develop annual testing plans and methodologies in coordination with the Canadian Banking, Canadian Wealth Management, Global Banking & Markets, and International Banking & Wealth Testing Teams, as well as Internal Audit. This includes tracking testing completion against the annual test plan.
• Focus on the execution of end-to-end sanctions control testing reviews, including:

• Defining the scope of testing engagements;
• Reviewing assigned business or operational units in accordance with testing standards and procedures;
• Reviewing all testing workpapers and, as appropriate, any corresponding supporting documentation;
• Identifying observations and/or issues; and
• Preparing testing reports detailing review findings and recommendations and presenting/distributing the reports to GSS team management and other stakeholders.
• Maintain a record-keeping system for testing schedules, workpapers, conclusions, and results.
• Track the status of corrective action plans with the relevant stakeholder(s) and/or Issue Management Team(s), and confirm and/or validate the completion of those plans.
• Contribute to the content of senior/executive management reporting on the progress and results of testing engagements.
• Maintain a thorough knowledge of sanctions risks and risk management standards in a financial institution setting—both generally and specifically at Scotiabank. This includes identifying systemic issues arising from testing engagements and internal changes that could impact the annual test plan, as well as staying abreast of applicable industry best practices and regulatory changes.
• Build strong partnerships with Business Lines, Internal Audit, and other key stakeholders, and work collaboratively across functional teams.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Champion a high-performance, inclusive work environment.
• Promote operational effectiveness and efficiency.
  
  

Skills

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

• A bachelor’s degree in business or a related field, with a minimum of 5 years of AML/ATF/sanctions testing or audit experience in a financial institution setting.
• An AML/ATF/sanctions-related professional designation (e.g., CAMS, CGSS, CSS), which must be maintained and/or obtained.
• Working knowledge of the financial services sector, including business, products, operations, and systems.
• Strong analytical, investigative, project management, planning, and reporting skills.
• Excellent time management skills, with the ability to manage multiple testing activities concurrently.
• High organizational skills, with the ability to bring order to data and information, draw conclusions, and make appropriate recommendations.
• Excellent written and verbal communication skills, with the ability to manage difficult conversations.
• Strong teamwork, interpersonal, and conflict resolution skills.
• Proficiency in MS Office (Word, Excel, PowerPoint, Outlook) and other related productivity tools.
  
  

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• Your career matters! You will have access to career development and progression opportunities.
  
  

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Quality Assurance

• Industries

  Banking

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