Title:  Director, AML Advisory & Controls, GLobal Banking and Markets - Toronto

Requisition ID: 212946

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

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 
 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  
 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose
The Director, GBM AML Advisory & Controls is a key member and contributor to the overall success of the Global Banking and Markets (GBM) Anti-Money Laundering, Anti-Terrorist Financing and Economic Sanctions program (“AML program”) with respect to the Canadian book of business in their capacity as AML Advisor for GBM Canada. This role has primary responsibility for contributing to the strategic direction and AML risk management function in support of business line objectives and strategies by: ensuring reliable AML risk management controls are in place in keeping with the various AML risk policies and processes, ongoing design and evaluation of controls, managing strategic enterprise projects, acting as an AML subject matter expert with internal and external working groups acting as SME in regards to relevant AML laws, regulations and guidance, in particular the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and accompanying regulations. Furthermore, the Director GBM AML Advisory and Controls leads 1st line testing within GBM.
 

The Director supports GBM business partners with the understanding and management of AML risks by ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations. This role will work with stakeholders from GBM 1A client onboarding, AML Risk (AML Officer, Enterprise and GBM CAMLO), Enterprise Program Office and Internal Audit. In addition to internal stakeholders, there will be expectations for engagement with external stakeholders such as regulators, appointed independent reviewers, etc.

What You'll Do:

• Plays a key role in the development and roll-out of both tactical process changes and strategic long- term solutions in the advancement of the AML program
• Acts as a SME and change management agent with global accountability in the development/evolution of new and existing global/enterprise-level AML and economic sanctions-related Policies, Standards, Procedures and Variances for a Business As Usual environment and special initiatives, i.e. remediation applicable to GBM
• Per delegated authority by the VP GBM Global AML Business Controls accountable as SME to review and approve AML and economic sanctions-related country addenda for Canada; Leads and drives a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Acts as SME and escalation point for GBM Onboarding regarding the GBM and applicable Enterprise- wide AML and economic sanctions framework and the management of high risk clients
• Reports on trends, emerging risks and KPIs/KRIs to relevant stakeholders as needed in their capacity as AML Advisor for GBM Canada
• Acts as a change management agent in the development/evolution of the global GBM 1 line Testing Program and designs/executes local requirements applicable to the Canadian book of business
• Accountable for resolution of self-identified issues and tracking, in accordance with the GBM Issue Management framework
• Develops and facilitates AML program-related trainings programs across relevant lines of business to build/ensure awareness of requirements relevant to GBM and the Bank
• Builds a high performance environment and implements a people strategy that attracts, retains, develops, and motivates talent by fostering an inclusive work environment
• Communicates vison/values/business strategy and manages succession and development planning for the team. Establishes communication and employee engagement strategies to reinforce ‘tone at the top’ creating a culture of compliance to ensure staff adheres to the bank’s AML/ATF and Economic Sanctions Policies, Standards and Procedures
• Executes on responsibilities as outlined in relevant Policies, Standards and Procedures such as the Enterprise-wide KYC Standards, Enterprise-wide Sanction Policy, the GBM KYC Policy/Standard and Canada Country Addenda
• As directed, represent GBM and undertake additional projects to support implementation of changes to enterprise AML/ATF policies and procedures as well as local regulatory requirements

What You'll Do:

• Minimum 10 years’ experience in financial services with a Master’s degree in business administration, finance, or university degree preferably in Legal/Compliance or business administration, finance or equivalent work experience
• Knowledge in GBM products and wholesale banking products and operating model is an asset
• GBM client coverage models and regulatory regimes, including Canada, U.S., Singapore, Hong Kong, UK, as well as Enterprise and GBM wide policy and processes is an asset
• Global coverage will require conference calls during Asian and European business hours
• Spanish language skills are preferred
•  In addition:
  • An expert knowledge of compliance and AML/KYC
  • Strong analytical, investigative, reporting, and planning skills
  • Outstanding written and spoken communication abilities
  • Excellent leadership skills, interpersonal and conflict resolution skills
  • Highly organized and capable of dealing with complex projects

Work Arrangement: 
This position is currently a hybrid role, with the expectation that you will work at least 3 days a week in the office. Please note that this is subject to change based on the needs of the business.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!  
 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 

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.