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Title:  Associate Director, Global Business Payments (GBP) AML Control




Requisition ID: 82101


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


The Associate Director, GBP AML Controls is a key member and contributor to the overall success of the Global Banking and Markets (GBM) Anti-Money Laundering (AML) program.  The incumbent is responsible supporting Director GBP AML Control in implementing the AML Control function for the Global Business Payments group through the following: ensuring reliable AML risk management controls are in  place in keeping with the various Enterprise AML Risk Policies and Processes, managing strategic AML related projects, acting as  AML Controls representative on working groups to ensure GBP is in compliance with all regulatory AML related issues and financial regulatory reporting.  Strong knowledge of GBP-Cash management products, Global Payments, Correspondent banking, Trade Finance as well as Capital Markets is an asset.

Key Accountabilities:

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and Knowledge.
  • Participate in multi-disciplinary teams to address new business initiatives, technology system enhancement projects, and one-off projects as required. The Associate Director must possess a good working knowledge of GBP products offered to clients.  Operational experience is desirable.  An understanding of compliance and risk management issues is critical.
  • Leads day-to-day project and program activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams in management and acts as a champion of the program to global business partners.
  • Deliver key tasks as assign to support the buildout of the GBP 1B AML Control and Testing function; Develop relevant GBP AML Training plan and training materials, coordinate with GBP teams and 2nd line partners to deliver effective trainings to GBP front line.
  • Support the GBP business by developing implementation strategies, detailed project plans, and monitoring progress against planned objectives related to GBP’s AML program.
  • Proactively addresses gaps, identify opportunities and leads changes for streamlining or automating end to end processes and controls to enhance compliant execution of AML and Sanctions program. Drive change and continuous improvement in client data matching and analysis by seeking stakeholder feedback, collecting best practices, synthesizing findings and enhancing processes.
  • Apart from providing challenge and ensuring the effectiveness of AML and Sanctions controls the roles will also require case by case AML risk review and assessment skills both at a tactical level as well as reviewing the AML program and regime of 3rd party vendors.
  • Document the relevant workflows, responsibility matrix and other process elements with relate to the off-boarding execution, continue to seek opportunities to improve the process efficiency and effectiveness.
  • Works with technology to champion automation as appropriate by providing sound business analysis, requirements and conducting relevant testing.
  • Support Director GBP AML Control in high priority initiatives such as GBP Issue management, Risk Assessment, Audit resolution coordination and regulatory response for the overall AML and Sanctions program; ensuring business strategies, plans and initiatives, training are carried out in compliance with governing regulations/internal policies and procedures.
  • Performs ad-hoc, special, and/or focused data analytics as necessary, as well as other duties and projects as assigned, to support the overall GBM AML program.
  • Contributes to a positive risk culture and ensures day-to-day activities and decisions are undertaken in accordance with the Bank’s risk appetite and mitigated in accordance with relevant policies and procedures.
  • As directed, represent GBP and undertake additional projects to support implementation of changes to enterprise AML/ATF policies and procedures as well as local regulatory requirements.

Experience / Education:

  • Minimum 5 years’ experience in financial services, consulting and/or AML/ATF compliance
  • University degree in business, finance, CAMS certified or other relevant field; MBA degree, Agile designation or experience is an asset.
  • Global mindset
  • Experience in enterprise or business line compliance program or operational risk management is preferred; AML knowledge and experience would be a benefit.
  • Knowledge in GBP products and wholesale banking products and operating model is asset
  • Highly proficient Excel and PowerPoint skills with strong experience in developing executive level presentations
  • Fast learner, strong analytical skills and critical thinking capabilities to frame and structure complex issues effectively and develop insights and recommendation.
  • Change agent with high energy, demonstrated strong ability to work under pressure, deal with ambiguities and uncertainties, and drive for result
  • Strong communications, organizational, project management, and planning skills
  • Familiarity with the key products offered in GBP-GBM and related AML/ATF and sanctions functions
  • Excellent teamwork, interpersonal and conflict resolution skills
  • Highly organized and capable of dealing with complex projects
  • Ability to manage multiple compliance reviews and projects concurrently



Location(s):  Canada : Ontario : Toronto 

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.

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