Title:  Acting Manager, Domestic FIU (6 Month Contract)

Requisition ID: 224609

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

Supervises and manages a designated team(s) within the Financial Intelligence Unit (FIU), Special Investigations Unit (SIU), or SIU Projects team (SIUP) to ensure the delivery of clearly reasoned findings and actions associated with FIU/SIU/SIUP investigations, along with the timely disposition of such investigations. Ensures all activities conducted comply with governing regulations, as well as internal policies and procedures. Plans, co-ordinates, and investigates potential money laundering (ML), terrorist financing (TF), and/or other matters related to FIU/SIU/SIUP transaction monitoring cases referred by internal team members, and/or other internal or external sources. Manages the operational processes and maintains quality performance for the FIU/SIU/SIUP, including timely investigations and proper regulatory reporting, such as suspicious transaction reporting. Consistently delivers clearly reasoned, rational, and timely outcomes, findings, and actions associated with FIU/SIU/SIUP investigations, thereby mitigating potential financial, regulatory, reputational, sanctions, and legal risk to the Bank.

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

• Prioritizes and manages investigations conducted by the FIU/SIU/SIUP team, including monitoring performance and meeting established benchmarks.
• Establishes and monitors team goals and objectives to manage workload and performance.
• Reviews, approves, and prepares investigative reports, along with related documents.
• Provides mentoring, coaching, and feedback, and recommends actions and best practices regarding case investigations, as appropriate. Manages resources required to complete investigations.
• Monitors the team’s timely reporting of suspicious transaction reporting (STR) and other required ML/TF filings to the proper regulatory authority, in accordance with regulations.
• Ensures high-risk Clients, including, but not limited to, potential politically exposed persons (PEPs)/politically exposed foreign persons (PEFPs), and/or Sanctions are referred, as appropriate, to internal partners (e.g., EDDU, Global Sanctions, etc.).
• Recommends risk mitigation actions and next steps at the conclusion of FIU/SIU/SIUP investigations, including demarket, retain, and Caution List recommendations, as appropriate.
• Prepares materials and delivers investigative results to the appropriate staff, including identification of trends and areas for improvement.
• Apprises and advises senior personnel regarding ongoing investigations and findings.
• Communicates regularly with team members to identify challenges and obstacles related to the team’s objectives.
• Identifies and suggests ML/TF awareness training needs to discuss trends and changes in money laundering typologies.
• Maintains up-to-date knowledge and skills sets relevant for ML/TF, Sanctions, and other regulatory matters to perform case investigations.
• Shares subject matter expertise and provides specialized advice, guidance, and direction to team members on ML/TF and other related issues as they pertain to investigative work.
• Supports, mentors, and coaches team members for ongoing professional development to ensure that individuals and collective team knowledge is current and comprehensive to support the investigation process, and to ensure that outcomes, including decisions and recommendations, are based on a thorough understanding of risk and made in the context of relevant and full knowledge.
• Understands and applies the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment and using a coaching mindset/behaviors; communicating vison/values/business strategy; and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• Bachelor’s degree (University Degree) or equivalent with a minimum of 3 years of experience in AML and/or risk disciplines.

• Knowledge of local and relevant international AML laws and regulations.
• Demonstrated expertise in ML/TF investigations.
• Strong investigative skills and understanding of financial transactions with AML investigative technology experience.
• Strong writing and analytical skills.
• Demonstrated ability to exercise sound judgment as to the materiality of risks identified.
• Proven ability in determining required risk mitigation activities with appropriate consideration to the impact to the business line.
• Good interpersonal and communication skills.
• Uses an analytical approach to problem solving, with a focus on managing a team environment coupled with attention to results and a sense of urgency.
• Ability to communicate in French and/or Spanish is an asset.
• Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.
• Exemplary integrity and ethics in all instances.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• 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.