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Title:  Manager AML Risk, Canadian Banking




Requisition ID: 147893

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



The Manager, AML Risk, Canadian Banking is responsible for assisting with the delivery of effective challenge and advisory by the second line of defense and driving the continuous improvement of procedures within assigned business units, while ensuring that controls effectively manage AML / ATF and Sanctions risks.


Key Accountabilities:


  • Collaborate with colleagues and other stakeholders in the  review of  business processes, resulting in recommendations for measurable  improvements while  leveraging reusable (process) components, structures and enterprise wide technologies that are effective and efficient and ensuring that risk is minimized by:
    • Conducting analyses to improve/replace and implement effective AML/ATF/Sanctions procedures that will ensure a positive customer experience while effectively mitigating risk. 
    • Influencing changes to procedures that result in increased productivity with no increase in risk.
    • Enhancing employee and customer experience by removing pain points while continuing to effectively manage risk.  
    • Contributing to the assessment of ML/TF and Sanctions risks and mitigating controls relating to new initiatives as well as the onboarding, renewal or material amendment of third party outsourcing arrangements to identify potential.
    • Support completion of Enterprise level risk assessments as well as related thematic reviews. 
  • Participate in the development of strategies and recommendations, including related process maps, business benefits and costs, implementation and training strategies and plans by:
    • Participating in or coordinating the holistic review of procedures.
    • Collecting and analyzing data to prepare dashboards for Senior Management to provide a view of the efficacy of AML/ATF and Sanctions program and associated trends in assigned business units.
    • Developing and contributing to implementation planning activities.
    • Supporting Senior Managers and Directors in the preparation of end-to-end process maps, risk appetite statements, opinions and assessments.
    • Providing consultation and advisory support to assigned business units.
    • Preparing and/or reviewing communication material, including presentation decks and training materials ensuring content is applicable to target audiences and aligns with overall program objectives.
  • Initiate and manage projects, working independently or within cross functional teams by:
    • Collaborating on and developing proposals.
    • Establishing milestones and assessing work effort.
    • Working with a diverse group with varying expertise and job levels.
    • Ensuring all deliverables are completed within established timeframes, and within established department guidelines and protocols, escalating as necessary.

Teamwork and Development:

  • Build strategic relationships with internal stakeholders within assigned business units and across functions. 
  • Champion a high performance environment by fostering an inclusive work culture.  
  • Support technical excellence by searching out external best practices, monitoring technical and professional developments, sharing knowledge and encouraging others to do the same in the best interests of the team and its stakeholders. 
  • Encourage and enable cross-business and cross-functional teamwork by demonstrating collaboration and leadership in action and challenging behaviours and actions that are not consistent with Scotiabank’s diversity policy and/or the best interests of the business and its customers. 


Experience / Education:


  • Strong fundamental knowledge of Canadian Banking business unit functions, procedures, internal controls, products, policies and how the various supporting units interact.
  • Solid understanding of related regulatory requirements including KYC and AML/ATF policies, and operational risk management concepts such as risk and control linkages.  
  • Well-developed written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties. 
  • Excellent time management skills and ability to prioritize activities to be able to effectively react to a rapidly evolving environment.  
  • Ability to work independently with minimal direct supervision within a prescribed area of responsibility. 
  • Working knowledge of process mapping including related software and tools (e.g., Visio, Blueworks). 
  • Above average competency in Excel (including macros) / Power BI and an ability to manipulate large amounts of data to analyse trends and support conclusions. 
  • Thorough knowledge of the Bank’s interactive systems including Excel, PowerPoint and Word.
  • Appropriate post-secondary degree with a minimum of 3 years of experience in an operations, project management or compliance environment preferably in the Financial Services industry.


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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