Share this Job

Please be advised that our Careers site will be unavailable from November 28 at 12am ET to November 29 12am ET for scheduled system maintenance.

Title:  Manager, Special Projects, AML Risk




Requisition ID: 136351

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


Job Purpose

To lead and manage the Canadian AML/ATF Regulatory Reporting (“Regulatory Reporting”) Quality Assurance (QA) team in Canada, ensuring end-to-end quality of Large Cash Transaction Reports (LCTRs) and Electronic Fund Transfer Report(s) (EFTRs) as required under the Proceeds of Crime (Money Laundering) Terrorist Financing Act (PCMLTFA). The QA Manager ensures all activities, strategies, plans and initiatives are executed / delivered in compliance with the 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.
  • Plan, document, evaluate and maintain a robust AML/ATF quality assurance program LCTRs, and EFTRs (both SWIFT and non-SWIFT).  Ensure documented processes and actual practices are aligned with enterprise policies and FINTRAC standards. Develop robust procedures, tools and metrics to effectively run a quality assurance program. Ensure that quality assurance program utilizes an objective, statistically driven methodology.
  • Develop business requirement documents and user acceptance testing of AML front end and detective controls. Participate in the operational implementation process by assisting in the development of training materials, the creation of job aids and workflows, the development of communications and publications, the development of conversion and implementation strategies, training staff, and post-implementation support.
  • Develop and maintain a sound knowledge and understanding of the Bank’s AML/ATF policies and procedures relating to the reporting of LCTRs and EFTRs (SWIFT and non- SWIFT).
  • Prepare reports of findings and testing results; escalate and report findings, testing results, and recommendations for improvements to the Canadian AML/ATF Policy and Regulatory Reporting Director and relevant stakeholders.
  • Monitor overall results of AML/ATF quality assurance reviews and report to the Canadian AML/ATF Policy and Regulatory Reporting Director and Senior Management reporting trends, performance against plan and significant findings.
  • Manage a team of individuals (AML/ATF Quality Assurance Specialists) who perform the quality assurance on AML work completed by the “Regulatory Reporting” team.
  • Maintain ongoing knowledge of domestic compliance regulations the (Proceeds of Crime Money Laundering and Terrorist Financing Act (PCMLTFA)), keeping abreast of regulatory changes and impacts to the Bank’s first line operations.
  • 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 their team pursues effective and efficient operations of their 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:


  • Demonstrates strong strategic thinking, planning and execution ability.
  • Proven creative, self-starter, results-oriented, and highly motivated individual with good analytical skills in order to apply this knowledge to improve existing solutions and assist in the development of AML/ATF strategies.
  • Must possess strong understanding of risk analysis and control assessment techniques.
  • Knowledge of trends and best practices in respect of internal controls, in relation to regulatory reporting to FINTRAC

This is a temporary full time role for 12 months.


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: Risk Management, Law, Bank, Banking, Developer, Finance, Legal, Technology