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Title:  Senior Manager, Fraud Risk and Controls (Spanish)




Requisition ID: 103700

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








Contributes to the effectiveness of the Enterprise Fraud Risk & Controls Team by leading the design and delivery of programs and initiatives intended to monitor evolving Fraud regulatory trends for their potential impact on processes, training, and business strategies. Maintains awareness of current and emerging industry issues to keep Fraud Risk Leadership apprised of emerging risks and trends. Provides insights into significant enforcement actions against other banks that may suggest revisions to Scotiabank’s Enterprise Fraud Risk Program in light of lessons learned. Responsible for all relevant Scotiabank subsidiaries on an annual basis and responding to external queries in this regard.






  • Responsible for continuously monitoring a wide variety of external sources for bulletins, guidance, media articles, etc. of relevance to Scotiabank’s Fraud Risk Program
  • Prioritizes and analyzes material from intelligence sources to prepare timely summaries for Fraud Risk Leadership
  • Alerts Fraud Risk Leadership to adverse media which could potentially involve Scotiabank globally (e.g. Panama Papers, FinCEN Files, etc.)
  • Interacts with Vice President, Head of Fraud Risk Oversight with regularity to communicate and assess impacts of emerging regulatory risks
  • Accountable for preparing for the governance committee on a monthly basis a summary of significant Fraud enforcement actions against other institutions, relating these to control breakdowns that led to the action, and indicating lessons learned as a result
  • Accountable for preparing quarterly Board reporting on emerging regulatory risks and trends
  • Provides input to training materials for the Board of Directors and Executive Management in terms of key enforcement actions and regulatory trends
  • Through a broad understanding of Scotiabank’s requirements, standards and operations, provides professional insights and recommends changes to enterprise standards arising from regulatory intelligence
  • Manages a repository of regulatory intelligence artifacts to support subsequent research of key Fraud issues and topics
  • Responsible for the design and execution of the communications strategy regarding the distribution of regulatory intelligence beyond Fraud Risk Leadership
  • Responsible for managing the end to end process for all relevant Scotiabank subsidiaries on an annual basis and responding to external queries regarding Fraud
  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Develops and maintains a framework for the New Initiative Risk Assessment (NIRA) from a Fraud Risk perspective in alignment with the Bank’s approved New Initiative Risk Management Policy (NIRM)
  • Develops NIRA reporting processes and formats for senior management and executive
  • Actively pursues effective and efficient operations of his/her 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 fraud, operational, compliance, AML/ATF/sanctions and conduct risk
  • Champions a high-performance environment and contributes to an inclusive work environment



Education / Experience / Other Information



A University degree, preferably in a business, risk management, compliance or legal discipline with a minimum of 5 years of relevant experience, preferably covering a broad range of disciplines; including Fraud , operations and/or legal or equivalent. In addition,

  • Command a high-level knowledge of a wide variety of domestic and international regulatory requirements and, in a constantly changing environment, be capable of digesting, interpreting and communicating often highly complex regulations and supervisory interpretive guidelines that fall within the scope of the position
  • Knowledge of the financial services industry locally and globally
  • Working knowledge of a global conglomerate bank
  • Expert ability to quickly read, analyze, and synthesize legal and regulatory documents, identifying key issues and inter-related themes. Ability to relate issues and themes to key concerns of management
  • Expert ability to communicate clearly and effectively, both verbal and written, with all levels including senior and executive management
  • Be able to listen, understand and negotiate and obtain consensus from senior management when introducing new ideas and recommendations for action or change
  • Spanish speaking an asset
  • Supports enterprise Fraud Risk Program
  • The scope - all of Scotiabank, affiliates and subsidiaries operations globally across all divisions, jurisdictions and delivery channels
  • Involves maintaining familiarity with a number of regulatory/supervisory bodies such as FINTRAC, OSFI, FinCEN, FCA, AUSTRAC, and other standards-setters such as FATF and the Wolfsberg Group
  • Occasional interaction with Financial Crimes Risk Management Leadership and other senior management
  • Operates within the mandate and operation guidelines of the Scotiabank Financial Crimes Risk Management Unit





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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