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Manager, GBM Global AML Risk Advisor for Capital Markets

Date: Feb 8, 2019

Location: New York City, NY, US

Company: Scotiabank





Requisition ID: 52228


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


Key member of the GBM Global AML Risk for Capital Markets function with global responsibility for the AML Risk framework covering Capital Markets businesses, the individual will be based in New York reporting to the Head of Capital Markets for AML Risk located in the UK. As part of the team the individual will ensure relevant policies and procedures, controls, monitoring and training are adequate and appropriate for Capital Markets. Assist in building a robust program that aids the business in ensuring strategies, plans and initiatives are executed / delivered in compliance with governing AML/ATF regulations, internal policies and procedures. Understands the Global GBM Capital Markets profile of businesses and helps the business line to understand and manage these risks (product, customer, geography).



  • Act as the primary contact for US and LatAm based business lines and second line functions with capital markets related queries;
  • In conjunction with HCM guides the business line in development of first line of defence AML/ATF and Sanctions controls
  • Identifies unacceptable AML/ATF risk, collaborating with front-line and proactively managing and escalating these situations
  • Build relationships with both internal and external stakeholders;
  • Attend industry forums and trade associations in the US relevant to capital markets;
  • Collaborate with capital markets and global AML Risk team to pursue department objectives;
  • Assist HMC with program management as required and successful execution of GBM AML Risk target operating model.


Global Capital Markets Product & Services Inventory

  • Assist HCM in maintenance of global product and services classification and inventory of activities;
  • Identification of client types and population of clients;
  • Completion of gap assessment against internal policies, procedures and local regulatory requirements;
  • Conduct risk assessment of known gaps;
  • Implement risk based remediation action plan and track progress.


    Policies & Procedures

  • Assist with the implementation of Global GBM AML Risk and Sanctions policies reflecting the Enterprise-wide AML/ATF and Sanctions Policies.
  • Contribute to Business Line jurisdictional AML Risk, Sanctions and KYC policies and procedures as necessary.
  • Assist HMC in review of internal policies and procedures.
  • Assist HCM to ensure GBM AML/Risk, Sanctions and KYC policies remain compliant with relevant regulatory requirements.



  • Assist with developing consolidated AML/ATF management information for Business Units:
    • Reviews Business AML/ATF MIS and issue tracking reports to identify emerging risks and trends.
  • In conjunction with HCM input into central MIS.


Regulatory Change & Examination

  • Remain up to date on regulatory change in US and LatAm impacting AML/ATF, Sanctions and KYC policies.
  • Track responses and plans to remediate issues raised by AML Audits and regulatory examinations related to Capital Markets globally; and
  • In conjunction with HCM monitor and report on the status of the remediation plans for the enhancement of controls.



  • Develop training presentations in line with the training plan and
  • Deliver face to face training as required in US and LatAm.
  • Monitor and report on the status of training.



  • This position is critical to maintaining overall effectiveness of the Bank’s AML/ATF and Sanctions program and to identify and address non-compliance with legal and regulatory requirements, which present a high risk to Scotiabank and can result in substantial reputational risk.
  • Incumbent supports GBM”s Capital Markets
  • Incumbent contribute to a number of projects relevant to AML/ATF and Sanctions remediation programs and developing sustainable AML/ATF and Sanctions Program for GBM’s Canada Corporate and Capital Markets


Education / Experience / Other Information

  • Minimum of 3-5 years in financial services operations and AML/ATF compliance;
  • Minimum Bachelor’s degree in business, related field or equivalent experience;
  • ACAMS certified preferred;
  • Spanish and/or Portuguese speaking preferred;
  • Strong communications, analytical and organizational skills;
  • Strong knowledge of capital markets businesses, products, operations, systems, and organization; and

Strong Knowledge of AML/ATF regulatory requirements and expectations.


Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence.  Standard business environment. Frequent ad hoc and unplanned request / business issues are regular. Imposed deadlines, or urgent matters that may arise, could result in lengthy hours of work. May be some travel

Location(s):  United States : California : San Francisco || United States : Florida : Miami || United States : Illinois : Chicago || United States : Louisiana : New Orleans || United States : Massachusetts : Boston || United States : New York : New York City || United States : Texas : Houston 

As Canada’s international bank, we are a leader when it comes to inclusion. Scotiabankers hail from over 120 countries, speak more than 100 languages and serve over 23 million customers globally. As a highly diverse company, we know that an inclusive environment for employees and customers helps everyone achieve their best. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide a positive recruitment experience.

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