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Title:  Manager, AML, ATF Program, APAC




Requisition ID: 199572

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



Contributes to the overall success of the GBM AML Risk, Program team in APAC ensuring business strategies, plans and initiatives are executed/ delivered in compliance with governing regulations, internal policies and procedures.




•    Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
•    Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
•    Actively pursue effective and efficient operations of his/ her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML, ATF, Sanctions and Conduct Risk.
•    Champion a high-performance environment and contributes to an inclusive work environment.
•    Assist team lead with ad hoc Asia Pacific (APAC) AML, ATF & Sanctions related task/projects, as required.
•    Foster effective working relationships and attend to routine enquiries/ requests from stakeholders as required.

•     Administer the Anti-Money Laundering, Anti-Terrorist Financing & Sanctions (AML, ATF & Sanctions) program for Singapore ensuring that it reflects the Enterprise-wide and GBM AML, ATF & Sanctions Program and local regulatory requirements. This includes the following (but not limited to): 
•     Review Enterprise and/ or GBM Standards, Policies and Procedures and provide meaningful feedback, considering local regulatory and process nuances; 
•     Review AML, ATF & Sanctions related escalations and provide risk-centric advice; 
•     Manage end-to-end process for Enterprise ML/TF Risk Assessment (EMRA) and Enterprise Sanctions Risk Assessment (ESRA) for Singapore and APAC;
•     Assist in Quality Assurance reviews of New Initiative AML and Sanctions Risk Assessment (NIASRA) Applicability Determination of Initiatives deemed ‘Out of Scope’;  
•     Assist in Request for Information (RFIs) from Internal Audit, External Audit, GBM AML Monitoring & Testing;
•     Assist in the tracking and monitoring of AML, ATF & Sanctions related issues/ remediations and promptly escalating when timelines are at risk of not being met; and
•     Assist to coordinate or conduct AML, ATF & Sanctions related training. 

Regulatory Change Management 
•    Administer the Enterprise AML, ATF and Sanctions Regulatory Change Management (RCM) Program. This includes the following (but not limited to): 
•    Stay abreast of local regulatory changes by maintaining the list of applicable legislations and guidelines for AML, ATF & Sanctions; 
•    Conduct an assessment/ gap analysis of local regulatory requirements against Enterprise-wide, GBM AML, ATF & Sanctions Standards, Policies and Procedures, and assist in devising suitable controls such that all identified gaps are addressed; 
•    Maintain the Singapore Regulatory Library and Control Library (for Second Line owned controls) in line with RCM Program Standard and Procedures (as applicable); 
•    Assist in the review and challenge of First Line owned controls relating to AML, ATF & Sanctions; and 
•    Assist in the maintenance of an updated GBM AML Risk – Singapore Addendum. 

Regulatory Interaction/ Reporting
•    Assist in the review of Unusual Transaction Reports (UTR) escalated by conducting investigations and recommending if a Suspicious Transaction Report (STR) is to be filed, while adhering to regulatory reporting timelines. 
•    Champion the collation, review, and challenge of the annual MAS Banking Sector ML/TF Risk Assessment Survey. 
•    Assist in Request for Information (RFIs) from MAS and other regulatory authorities, including but not limited to Comprehensive Risk Assessment Framework and Techniques (CRAFT), relationship checks, enquiries. 



•  Arrange meetings and undertake other organizational tasks as necessary. 
•    Prepare and circulate materials for meetings. 
•    Take and transcribe minutes of meetings as necessary.
•    Prepare inputs/updates to recurring meetings, including but not limited to Bi-Weekly Team Meeting, Monthly Regional AML Meeting, Monthly GBM AML and GSS Leadership Meeting, GBM AML Risk Policy Forum, Monthly KYC Working Group and Monthly APAC Compliance & AML Team Meeting. 
•    Maintain the Exception Tracker and UTR/ STR Tracker. 
•    Maintain the AML shared folders. 

Reports to: Senior Manager, GBM AML/ATF Program, APAC


•    The incumbent is based in Singapore.
•    The incumbent should be results oriented with strong organizational and time management skills and is expected to prioritize multiple tasks and meet deadlines. 
•    The incumbent is expected to work independently, as well as in a team setting.
•    The incumbent should be meticulous and possess strong analytical and problem-solving skills. 
•    The incumbent should possess strong written and verbal business communication skills. 
•    The incumbent should possess well-developed interpersonal skills in order to establish and maintain effective working relationships with internal and external stakeholders. 
•    The incumbent is expected to liaise with colleagues within the region, namely Australia, China, Hong Kong, India, Japan, as well as Canada, United Kingdom and United States. 


Education / Experience / Other Information 
•    Recognised university degree, preferably in Accounting, Business, Finance or related discipline.
•    Bi-lingual in English and Mandarin Chinese is preferred. 
•    3 – 5 years of experience in AML, ATF/ Sanctions, compliance, testing, audit or related field in the financial services sector or with regulatory authorities. 
•    ACAMS, CGSS or equivalent certification is a plus.
•    Good working knowledge of local AML/ KYC requirements, regulatory expectations and industry practices is a plus. 
•    Familiarity with wholesale banking businesses and products is a plus. 



Location(s):  Singapore : Singapore : Singapore 

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.

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