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Title:  Manager, Wealth AML - International (Bilingual: Spanish)

 

 

 

Requisition ID: 147264

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

 

Purpose


Contributes to the overall success of the Wealth AML team for Global Wealth Management (International Wealth) ensuring specific wealth businesses in International countries goals, plans, initiatives are executed / delivered in support of the Global Wealth Managements business strategies and AML objectives.  Ensures all activities conducted are in compliance with Global Anti-Money Laundering / Anti-Terrorist Financing (AML/ATF) and Sanctions  governing regulations, internal policies and procedures.

 

Key Accountabilities 

  • Champions a client focused culture to deepen client relationships and leverage broader Bank & Wealth relationships, systems and knowledge.
  • Support in country partners within Wealth businesses, Internal controls and AML risk as well as Head office partners to ensure that the nuances of wealth business is accounted for in the application of policies and procedures. 
  • Support the development, implementation and refinement of AML / ATF / Sanctions policies and procedures for Global Wealth Management (International Wealth) business lines
    • Support the development of action plans and implementation of issues identified by Audit, including in connection with remediating existing anti money laundering / sanctions issues
    • Along with the Senior Manager, acts as a key driver and leader for this initiative or any other initiative that maybe assigned 
    • From time to time the incumbent will act as a as a front-line resource available to Wealth Business line staff with guidance/interpretation of AML/Sanctions policies and procedures 
    • Work with partner groups within the Bank (Global AML Operations /AML Risk/ Canadian Banking AML) to adapt and implement AML/Sanctions Enterprise-Wide policies for Global Wealth Management 
  • Sustain Wealth Management’s anti-money laundering related program and standards
    • Collaborate with, inform, and educate all staff as to AML/Sanctions policies, standards, and procedures. This, in line with policies and guidance provided by partner groups, including the Enhanced Due Diligence Unit, Global AML Operations Governance and AML Risk.
    • Maintain an awareness of legislative and regulatory initiatives, emerging trends and industry best practices and their potential impact on existing policies and procedures
    • Support the Senior Manager in initiating or developing policy and procedural changes to address identified deficiencies as required based on AML/Sanctions reviews, system and operational reviews, including internal and external audit reviews/comments.
    • Liaise and co-ordinate AML efforts/activity with other Bank departments.
    • Within Wealth businesses ensure implementation of new AML requirements initiated within the Bank, or as required by external regulators.
    • Ongoing monitoring of business activities as to adherence to policy, procedures, standards.
    • Escalate AML or issues within the Business Line and within the Bank (e.g. Compliance, Operational Risk, EDDU, AML Risk) as appropriate.
    • Act as a resource to provide advice with respect to new initiatives, products and services to ensure AML issues are adequately identified and addressed.
    • Through the AML function and activities, reduce the risk of financial loss, damage to reputation, regulatory sanction and litigation, fines, and penalties for the Bank.
  • Support ongoing reporting to Wealth executives through gathering and compiling International  wealth AML and Sanctions specific metrics through collaboration with International 1B and In- Country partners.

Other

  • Provide input regarding the effectiveness of existing policies/procedures, and/or recommendations for changes / improvements, taking into consideration ongoing regulatory developments 
  • Act as a key “help” resource on AML / ATF / Sanctions, and/or relevant compliance related inquiries from Wealth Management colleagues
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
     

 

Experience / Education:

  • Highly motivated, innovative and results-oriented individual with excellent analytical, written and communication skills, and strong risk management skills 
  • Solid understanding of relationship management and wealth businesses, with a deep knowledge of products provided by and markets served by the Wealth Management Business Lines.
  • Solid understanding of the financial services industry, with particular emphasis on multinational and corporate clients/operations 
  • Proven skills in risk assessment and management relating to AML / ATF, Sanctions matters
  • At least 5 years of Financial/Product Management/AML experience within the financial sector 
  • Ability to navigate relationships in a highly matrixed organization.
  • Spanish speaking skills is mandatory
  • CAMS certification and courses in AML/ATF would be an asset.
     

 

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.


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