Title:  Senior Manager, Global ML/TF Risk Detection

Requisition ID: 222615

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

The Senior Manager, Global ML/TF Risk Detection contributes to the overall success of the Enterprise Transaction Monitoring program by ensuring 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.

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

• Be responsible for communications and overseeing maintenance of ongoing updates to various lists required for the successful and timely execution of certain automated transaction monitoring rules. This task involves organization and regular communication with the impacted line of business teams, List Management, and other partners (e.g., AML Technology and AML Models and Analytics teams).

• Engage with Global Banking and Markets (GBM AML) regional teams to present and deliver updates on ongoing initiatives related to the Enterprise Case Management system used for Transaction Monitoring, new projects, outstanding issues, and discuss current trends that may impact other regional teams.

• Manage the day-to-day issues or requests brought forward by end-user teams, identifying issues that should be escalated to Problem Management or warrant engagement with other support teams from source, technology, or data.

• Effectively manage employees that are direct reports, as well as other junior team members on the broader team when responsible for projects or deliverables that require additional resources.

• Be responsible for the submission of non-discretionary enhancement intake forms to obtain technology estimates of work for business-as-usual (BAU) initiatives.

• Support the monthly management and governance of the Transaction Monitoring Oversight Committee.

• Lead a dedicated workstream(s) which includes documenting requirements for new rules/enhancements via rule design guidelines, drafting business requirements, rule testing, effectiveness reviews, model review/tuning, reviewing all testing documents (strategy and exit reports), BAT/UAT/PIV, and engagement with relevant teams responsible for execution.

• Be responsible for putting together quality and detailed materials, while also displaying the ability to confidently present materials to senior leadership at various forums, including but not limited to the Rules Models Work Group, TM Oversight Committee, Enterprise Investigations Oversight Committee, GBM Canada AML Risk Oversight Committee, and Rules Models Data Technology Committee.

• Support the Canadian Banking, Global/Canadian Wealth, and Tangerine lines of business for BAU and project matters.

• Engage and update Internal Audit on audit issues assigned to Global ML/TF Risk Detection on a regular or ad hoc basis.

• Draft and handle internal audit issue closure submission packages.

• Deliver the Canadian Banking and Tangerine Product Coverage Assessments reviews on a regular basis.

• Independently lead and manage conversations regarding new risks, products, and typologies with teams including Canadian Banking 1st line partners.

• Actively identify opportunities and resolve issues raised by teams such as Global AML Operations, FIU, and 1st line teams (Retail, Wealth, Fraud, etc.).

• Manage the yearly or frequent review of process documentation owned by the team, identifying opportunities to improve processes.

• Actively pursue 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.

• Champion a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment, communicating vision/values/business strategy, and managing succession and development planning for the team.

• Identify solutions or develop programs to support Enterprise AML Risk in automating repeated processes, including alert reviews and periodic file preparations.

• Provide analytical support for ad hoc initiatives and issue resolution. Conduct analytical and system training to facilitate knowledge transfer and methodology standardization.

• Conduct ad hoc support to first line partners with quarterly or annual periodic reviews of high-risk processes.

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

• A minimum bachelor’s degree in business, finance, social sciences, or a related field, or a minimum of 5 years’ equivalent experience in compliance or business administration within a financial institution setting, operations, or professional services/management consulting firm and AML/ATF compliance.

• Expert knowledge of Canadian Banking, Tangerine, and Global Banking and Markets business unit functions, procedures, cash management and payment products, policies, and how the various supporting units interact.

• Thorough written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties.

• At least 2+ years of internal audit engagement experience and at least 3+ years of people management experience.

• Successful AML Program remediation and/or transformation experience.

• ACAMS certification preferred.

• Strong managerial, communications, analytical, organizational, project management, and planning skills.

• Thorough knowledge of related regulatory requirements including KYC, AML, Anti-Terrorist Financing Policies, Compliance Control & Operational Risk Self-Assessments legislation and procedures.

• Expert knowledge of AML/ATF regulatory requirements and expectations as well as specific regulatory expectations and industry practices related to transaction monitoring controls.

• Possess excellent business acumen and interpersonal skills.

• Demonstrated track record of collaborating in team environments and taking the lead to drive results.

• Exceptionally self-motivated and self-directed.

• Ability to identify issues and root causes and provide solutions without leadership direction.

• Excellent presentational skills; outstanding written and verbal communication skills.

• Experienced in putting together executive materials and presenting to senior leaders (VP+).

• Demonstrated experience in the use of AML-related software/systems.

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.