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Title:  Senior Manager, Global Sanctions




Requisition ID: 88295


Join the Global Community of Scotiabankers to help customers become better off.






Contributes to the overall success of the Global Sanctions team by ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.




  • As a sanctions subject matter expert, and first point of contact, provide advisory services critical to the sustainment of Scotiabank’s Sanctions Program.
  • Provide advice and counsel to business lines and compliance functions on sanctions regulatory requirements and associated policies and standards, including

                  - recommending approval or denial of customers with exposure to sanctioned countries, and

                  - analysing the risks identified through the annual enterprise-wide sanctions risk assessment and evaluating the effectiveness of sanctions controls.

  • Draft and update internal guidance documents published by the Global Sanctions Office.
  • Draft, review and update procedures for the Global Sanctions Office and maintain associated procedure logs.
  • Review procedures and controls of business lines and relevant operating units to ensure consistency with Scotiabank’s Sanctions Program.
  • Review sanctions hits escalated to the Global Sanctions Office and collaborate with business lines to ensure that hits are handled appropriately.
  • Contribute to content, design and delivery of sanctions training programs and related education initiatives
  • Contribute to content and design of Senior/Executive Management reporting on sanctions-related regulatory matters.
  • Actively participate in sanctions-related internal audits and external regulatory reviews.
  • Research all current, relevant sanctions laws, regulatory requirements and industry best practices.


Other Responsibilities


  • Build strong partnerships with Business Lines, Internal Audit, and other key stakeholders, and work collaboratively across functional teams to resolve open sanctions issues in a timely and effective manner.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Promote operational efficiency.


Education / Experience


  • Juris Doctor/LL.B. with a minimum of 3 years of experience in AML/ATF, Sanctions, Compliance and/or Audit capacity in matrix financial organization; or its equivalent in education and years of experience.
  • AML/ATF/Sanctions-related professional designation (e.g. CAMS, CGSS, CSS) must be maintained and/or obtained.
  • Comprehensive knowledge of:

                     Canadian, US, and UN economic and anti-terrorism sanctions laws, and

                     The Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Regulations.

  • Working knowledge of AML/ATF and economic and anti-terrorism sanctions laws and regulatory standards in those international jurisdictions where Scotiabank does business.
  • Thorough knowledge of international sanctions risk management standards and industry best practices.
  • Solid market intelligence is required of the financial services industry in Canada and internationally where Scotiabank is located.
  • Advanced analytical, problem-solving and critical thinking skills with solid organization and time management skills to deal with complex operational issues in a matrix organization.
  • Demonstrated integrity when working with colleagues and leading others by setting example of required behaviours.
  • Excellent written and verbal communication skills, able to manage difficult conversations.
  • High client focus and high risk management focus.
  • Proven ability to build strong cross-functional business relationships.
  • Proven experience identifying and implementing process enhancements as well as the experience to oversee the resolution of process deficiencies and drive operational efficiency without compromising compliance requirements.
  • Results oriented, highly motivated with a keen ability to influence others.
  • Self-starter with ability to work with minimal supervision.
  • Skilled proficiency with   MS Office (Word, Excel, PowerPoint, Outlook) and other related productivity tools.




Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.


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.