Scotiabank

Senior Manager Policies and Programs Compliance

Toronto, Ontario, Canada

POSITION SUMMARY:

Responsible for the development & maintenance of policies, standards and guidance for the Anti-Money Laundering / Anti-Terrorist Financing (AML/ATF) program within the AML Unit of Scotiabank Group Compliance.

This AML/ATF program is applied across all business lines and support functions throughout the Scotiabank Group. This program will guide the Bank’s Senior Management and employees when establishing policies and procedures within their business lines to mitigate associated ML and TF risks and avoid regulatory, civil or criminal liability that may affect the Bank, its employees and its customers.

Responsible to develop and maintain proficiency with AML/ATF laws and regulations that affect the Bank and its operations enterprise wide in order to provide expert advice, counsel and training to other compliance officers, senior management and/or other employees who conduct the oversight, management and supervision of operating units to meet their functional responsibilities and their legal and regulatory obligations.

Key accountabilities for this role:

To implement effective AML/ATF policies & compliance program standards consistently throughout the Scotiabank Group; enterprise wide:

• By interpreting, developing and maintaining new policies and standards for the AML/ATF compliance program for the Scotiabank Group at an enterprise wide level, including the coordination, maintenance and update of the Scotiabank Group Compliance AML/ATF Handbook.

• By providing expert advice and counsel when assisting in 1) projects for development of new products, services and systems to ensure they comply with the Scotiabank AML/ATF policy to meet the Bank’s legal and regulatory obligations and 2) the design of procedures and control standards to ensure established polices that are implemented will be effective to mitigate ML and TF risks, and 3) responding to queries from the Bank’s lines of business.

• By compiling and maintaining a registry / information database of AML/ATF legislation, regulations and industry best practice documents; including coordinating the tracking of relevant information used to refer and summarize when giving advice and counsel, guidance or opinions to senior staff about important changes from guidance notes, bulletins and other notices from Canadian regulators and agencies including the Office of Superintendent of Financial Institutions (OSFI) and the Financial Transactions and Reports Analysis Centre (FINTRAC), and certain foreign regulators and agencies including the US Federal Reserve Bank (Fed), Financial Crimes Enforcement Network (FinCEN), Financial Services Authority (FSA).

• By preparing and/or contributing to AML/ATF training programs and related education initiatives. Acting as an advisor for the business line training coordinators, compliance officers and business line & support management as they establish and implement routine and control procedures for their business line functions and other operating units to follow.


QUALIFICATIONS:

• Expert knowledge is required of the Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Regulations and the relevant sections of the Criminal Code of Canada and supporting regulations,

• A working knowledge of other jurisdictions’ applicable acts and regulations in which Scotiabank Group does business is also necessary,

• Expert knowledge is required of international standards and best practices for operation, including ML and TF risk management,

• Expert knowledge is required of internal control concepts and work process design techniques, principals and methodologies, including industry best practices with at least five years practical experience in their application,

• Thorough corporate intelligence is required of Scotiabank’s products, services and operational policies, and delivery systems, including organizational structure and risk management methodologies,

• Solid market intelligence is required of the financial services industry in Canada and internationally where Scotiabank is located,

• Thorough practical knowledge is required of MS Office (Word, Excel, PowerPoint and Access) together with Lotus Notes and other related productivity tools.

Behavioural competencies

• Highly developed communication skills are required to prepare business communications related to policy, executive presentations, training workshops and other proposals,

• Well developed strategic influencing skills are required when dealing with business line management and other stakeholders within the Scotiabank Group, including senior management,

• Highly developed listening and negotiation skills are required to convince senior management when introducing new ideas and legislated policy recommendations for action or change,

• A results oriented, customer focused individual is required who is accurate and thorough with strong analytic abilities,

• A self starter is required with the propensity to work independently and autonomously. Also, must have the flexibility to conduct or participate in training workshops or group projects as leader or team member.


Authority / Decision Making / Direction Received:

• Initiates, interprets and performs independently to create and develop the AML/ATF compliance standards. Seeks consensus & final approval from senior AML compliance management before policies recommended are implemented enterprise wide,

• Operates within the Scotiabank Group Compliance AML Unit’s mandate and operating guidelines,

• Exercises sound judgment and is guided by experience, Bank policies and procedures along with legal and regulatory requirements and industry best practices,

• Job challenges faced require innovation and creativity when researching, interpreting and compiling expert, reliable information used as the basis to determine a practical and enforceable approach to the development of AML/ATF policies and programs,

• Receives direction, guidance and coaching from the Director and/or Chief Anti-Money Laundering Officer (CAMLO),

• Keeps the Director and CAMLO advised of progress and developing issues,

• Identifies issues and recommends resolution to ensure compliance with the PCMLTFA and Regulations and the equivalent international laws and regulations.


EDUCATION AND ACCREDITATIONS:

• An undergraduate degree in business or other related field with a professional compliance or legal focus,

• A minimum of five years related work experience in a policy, compliance role or equivalent is required,

• Additional, post graduate certification in a related professional association, e.g. ACAMS must be obtained


OTHER INFORMATION:



The Scotiabank Group is an equal opportunity employer and welcomes applications from all interested parties. We thank you for your interest, however, only those candidates selected for an interview will be contacted. No agencies please.