Share this Job

Title:  Director, AML Risk Assessments & Oversight / AML Risk International Banking (Bilingual: Spanish)




Requisition ID: 103659

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



Reporting to the Vice-President AML Risk, IB Strategy, the Director oversees the overall success of the AML Risk Assessments & Oversight team in International Banking ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Director, AML Risk Assessments & Oversight will work very closely with the AML Global Policy & Standards, and Global Sanctions Office in the execution of the Enterprise ML/TF Risk Assessment (EMRA) and Enterprise Sanctions Risk Assessment (ESRA) (collectively, the Risk Assessment, or EMRA/ESRA) in Assessable Units across International Banking jurisdictions. The role proactively identifies internal and external AML risk drivers, AML risk mitigants and supports the development of action plans to manage AML risk.

The Director, AML Risk Assessments & Oversight will also oversee and provide strategic direction to the AML Risk Analytics team.


Key Accountabilities 


  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Building and maintaining current, detailed knowledge of AML matters including AML risk drivers and typologies, AML and Sanctions regulatory requirements and best practices related to the risk assessment process.
  • Execute AML risk assessments for products and services across Assessable Units in International Banking. Evaluate inherent risk associated with customers, products, services and geographic locations; identifying areas of the Enterprise with greater AML risk and assessing the level of risk mitigation in place.
  • Provide input, support the maintenance and enhancement opportunities to improve the AML risk framework including the risk assessment methodology and standards used when conducting AML inherent risk and AML program assessments.
  • Responsible for providing advice and direction to applicable lines of business educating them on AML risk assessment requirements.
  • Support the AML Internal Control support area’s accountabilities in fulfilling the effective challenge function in operational processes for respective Lines of business.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively 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 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.
  • Champions a high-performance environment and contributes to an inclusive work environment.
  • Provides strategic direction to the AML Risk Analytics team in the following areas:
    • AML metrics enhancements.
    • Project Management: The Director is responsible to oversee and track the Risk Analytics team’s initiatives and projects.
    • Coaching.

Experience / Education:

  • Minimum of 10 years in the Financial Services industry including experience in Operational Risk, AML Risk or Audi – AML Risk experience is required.
  • University Undergraduate Degree.
  • AML Designation (CAMS) is an asset.
  • Bilingual – English and Spanish.
  • Strong knowledge and understanding of AML risk, Money Laundering/ Terrorist Financing typologies and techniques, AML legislation and regulatory expectations.
  • Knowledge of Sanctions legislation and regulatory expectations.
  • Analytical Thinking - Knowledge of Audit, internal controls or similar oversight procedures.
  • Communication - Ability to communicate, written and verbally, with cross functional groups and senior levels of management and clearly document the results of work performed.
  • Problem Solving - Ability to identify potential solutions to systemic issues in consultation with senior management.


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.

Job Segment: Bank, Banking, Risk Management, Manager, Finance, Management, Bilingual