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Title:  Senior Manager, Transaction Monitoring Strategy and Effectiveness

 

 

 

Requisition ID: 87550

 

Join the Global Community of Scotiabankers to help customers become better off.

 

Purpose
The Senior Manager, Transaction Monitoring Strategy and Effectiveness mandate is to support the Director, Transaction Monitoring Strategy and Effectiveness in fulfilling his/her risk oversight accountability by supporting a consolidated view of AML and regulatory risk by gathering and monitoring AML risk reporting and converting the information into actionable intelligence. The  Senior Manager will be responsible for analyzing enterprise-wide risks and sharing insights with FIU and AML Risk senior leadership to support strategic planning activities. The Senior Manager will also support the Director, Transaction Monitoring Strategy and Effectiveness in engagement, assessment and change management of bank-wide strategic initiatives. 

 

Key Accountabilities:

  • Supports the Director, Transaction Monitoring Strategy and Effectiveness in understanding enterprise-wide AML risks and providing oversight and governance in all relevant business lines;
  • Drives aspects of regulatory management and exam readiness, public-private partnership support, industry benchmarking, and discussions with AML Technology and AML/ATF Models & Analytics;
  • Collaborates (and leads where appropriate) with key TM stakeholders, including AML Operations Support & Delivery, on audit / issue management and closure, reporting, communications & change management, process/procedure enhancements, resource planning, and special projects; 
  • Supports the activities and the internal processes of the senior management AML committee(s);
  • Supports ongoing reporting that is focused on trends and includes proactive identification and reporting of emerging risks from different sources of information and across business units; 
  • Plans and develops components of board and senior/executive committee agendas and material including consideration for reporting on pertinent AML related information, including initiatives, compliance deficiencies, and corrective action taken;
  • Contributes to communication and employee engagement strategies to reinforce ‘tone at the top’ creating a culture of compliance to ensure staff adheres to the bank’s AML/ATF and Sanctions policies, procedures and processes, and all other Bank policies (e.g., financial, HR);
  • Supports the design, assessment and change management of bank-wide initiatives on behalf of the  Director, Transaction Monitoring Strategy and Effectiveness;  
  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge;
  • Supports the implementation of new AML/ATF methodologies and monitoring tools to mitigate new and emerging ML/TF risks while conducting ongoing analysis of core operational processes to identify potential procedural gaps and foster an environment of continuous improvement;
  • Understands how the Bank’s Risk Appetite Statement (RAS) and risk culture should be considered in day-to-day activities and decisions;
  • Creates an environment in which teams under his or her direction pursue effective and efficient operations while ensuring the adequacy, adherence to and effectiveness of business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk. Responsibilities include, but are not limited to, those defined under the Enterprise-wide AML & ATF and Sanctions Handbook, Scotiabank Code of Conduct, the Anti-Corruption Policy, Scotiabank Information Security Policy and the Enterprise-Wide Risk Management Framework;
  • Acquires extensive knowledge of local and significant and relevant international AML laws and regulations;
  • Develops expertise with the applicable case management systems, bank information systems and analytics reporting tools;
  • Reviews relevant Management Information Reports and other analytics tools provided and where risk related or productivity concerns or anomalies are identified, these are escalated to the Director, Transaction Monitoring Strategy and Effectiveness;
  • Employs AML related systems and process expertise and experience, identifies and implements process enhancements and oversee the resolution of systems and/or process deficiencies;
  • Builds a high-performance environment by implementing a human resource strategy that retains, develops and motivates their team fostering an inclusive work environment; communicating Scotiabank’s and the Global AML/ATF Department’s visions, values and business strategy; and,
  • Strategically anticipates and identifies the need for additional resources, leading the hiring and human resource development process, managing succession and development planning for the team and identifying and promoting high performing individuals.
     

Experience / Education:

  • Bachelor’s degree (University Degree) with a minimum of 5 years of experience in AML, Compliance and/or Audit capacity in a major financial institution; or equivalent in education and years of experience. In addition,
  • Certified Anti-Money Laundering Specialist designation is an asset. 
  • Ability to build strong cross-functional business relationships.
  • Ability to identify and implement continuous improvement initiatives to drive operational efficiency without compromising compliance requirements
  • Advanced problem solving skills to deal with complex operational issues, across functions
  • Demonstrates integrity when working with colleagues and leads others by setting example of required behaviours 
  • Excellent written and verbal communication skills, able to manage difficult conversations
  • High client focus and high risk management focus
  • Practical knowledge of Scotiabank branch operations and culture 
  • Previous experience in an AML, audit or compliance role is an asset
  • Results oriented, highly motivated with a keen ability to influence others.
  • Self-reliant and pro-active approach to work
  • Solid knowledge of Canadian AML/AFT regulations and regulatory reporting framework 
  • Strong analytical, problem-solving and critical thinking skills
  • Strong organization and time management skills
  • Supervisory experience of large diverse teams and coaching skills.
  • Receives direction from the Director FIU and other senior management as appropriate on significant legal, regulatory and reputational risk and policy matters.  
     

 

Location(s):  Canada : Ontario : Mississauga 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

 

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.