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Audit Director AML/ATF & Sanctions International Banking - Toronto, ON (Bilingual: Spanish)

Date: May 29, 2019

Location: Toronto, ON, CA

Company: Scotiabank



Requisition ID: 57876


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

Job Purpose:
Leads and oversees the AML Audits over International Banking portfolio in Canada ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
Key Accountabilities:
  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Manages the annual Planning and Risk Assessment process for the assigned portfolio and providing input into the development of the Global AML Annual Plan, ensuring audit methodology is applied. 
  • Validates business line Audit Plans and continuously conducts risk assessments throughout the year to identify emerging risk on ML/TF and Sanctions for audit coverage consideration and ensure that the latest industry standards and regulatory requirements are incorporated to keep the plan current and robust.
  • Performs continuous monitoring in the assigned business line through regular meetings with Senior Management to understand changes in business, products, organizational structures and processes to identify impact on the annual plan.
  • Reviews audit issues to ensure internal control weaknesses and root causes are identified, properly defined, documented and reported; ensures issues are understood by senior management and that corrective action will be taken; prepares and reviews audit reports for presentation to line management. Reviews supporting evidence and testing to ensure adequate issue closure.  
  • Maintains the AML training program for the assigned audit team and establishes the audit standards for the AMLATF program in the assigned portfolio for consistency with the Global AML/ATF AML Audit program and adequate audit coverage.
  • Understand how the Bank’s risk appetite and risk culture should be considered 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, AML/ATF 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; communicating vison/values/business strategy and managing succession and development planning for the team.
Experience / Education:
  • Knowledge of regulatory requirements from regulators in the assigned business line.
  • AML Certification (ACAMS) or expert knowledge of the Bank’s AML/ATF and sanctions framework, governance, programs and systems.
  • Previous experience using or auditing monitoring systems and rules (AML typologies)
  • Prior experience in an AML function and regulatory dealings.
  • Spanish speaking skills are required

Location(s):  Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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 as seamless a recruitment experience as possible.

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