Title:  Manager, GBM Monitoring and Testing

Requisition ID: 215548

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

The role of Manager, GBM AML Monitoring and Testing contributes to the overall success of the Global Banking and Markets (GBM) AML Monitoring and Testing Department (M&T), Global AML, by ensuring that specific individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives. This role ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

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

• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

• Assist in developing and maintaining a robust AML Monitoring and Testing (M&T) Program, including participation in annual test planning activities, developing Test Plans (aka Test Scripts), and creating and/or updating Trend Sheets with appropriate testing attributes to ensure key risks and controls are subject to testing.

• Conduct monitoring and testing reviews on AML-ATF and Sanctions activities to ensure the effective and compliant execution and sustainability of the GBM AML/ATF and Sanctions Compliance Programs in accordance with the Scotiabank Enterprise AML and Sanctions Testing Standards and jurisdictional Addenda and Procedures, as applicable.

• Identify, test, and evaluate key control points, ensuring that the scope and extent of work are in accordance with the approved Monitoring and Testing Plan.

• Ensure internal control weaknesses are identified, errors are quantified as appropriate, and problems and associated impacts are properly defined, documented, and reported.

• Ensure written results are comprehensive and well-documented, including but not limited to sampling criteria, sampling methodology, trend sheets, test results, and accurately identifying AML and Sanctions risk factors.

• Ensure that Management’s Action Plans (MAPs) are appropriate and adequately address the risk of the issue.

• Validate ongoing remediation activities by issue owners to determine whether such remediation activities are in accordance with the agreed-upon MAPs.

• Maintain the AML Monitoring and Testing program, identifying and implementing opportunities for increased effectiveness, efficiency, and risk mitigation.

• Assist in developing meaningful, robust metrics and reporting of findings and progress against remediation objectives.

• Work with GBM AML Risk personnel and business line representatives to assist in the development of training, where appropriate, based on test/review results.

• Perform ad-hoc, special, and/or focused reviews as necessary.

• Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.

• Monitor the regulatory environment for emerging issues, legislation, and policy requirements. Keep abreast of trends and industry best practices through the review of regulations and guidance issued by regulatory agencies and publications.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursue effective and efficient operations of your respective areas in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions, and conduct risk.

• Champion a high-performance environment and contribute to an inclusive work environment.

• Perform other duties and projects as assigned.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• A bachelor’s degree in accounting, business administration, finance, or a similar field.

• A minimum of 5 years of AML testing or audit AML experience in a regulatory, compliance, or quality assurance capacity within a financial institution setting.

• Prior experience in examinations/auditing roles, and an understanding of testing methodology and risk and controls analysis.

• A strong understanding of compliance and testing best practices.

• Familiarity with the key products offered in the division and related BSA/AML and Sanctions functions.

• Strong analytical, investigative, project management, planning, and reporting skills.

• Strong written and spoken communication abilities.

• Excellent teamwork, interpersonal, and conflict resolution skills.

• Highly organized and capable of dealing with complex projects.

• Ability to manage multiple reviews and projects concurrently.

• ACAMS certification is preferred

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!

• You'll be part of a diverse, collaborative, innovative, and high-performing team

• We offer a competitive rewards package:

• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching

• Health Benefits from day one!

• You will relish work-life balance, team events, and opportunities to participate in the community.

• 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.