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Senior Manager, Global Sanctions - Toronto, ON

Date: Jan 11, 2019

Location: Toronto, ON, CA

Company: Scotiabank



Requisition ID: 46845


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

Job Purpose

Contributes to the overall success of the Global AML/ATF department 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.


Key Accountabilities


  • As a Sanctions subject matter expert, and first point of contact, provide advisory services critical to the sustainment of the Scotiabank Sanctions Program, including enterprise-wide knowledge management, advice, training, and risk assessment.
  • Document, review and update procedures for the Global Sanctions Office and maintain associated logs.
  • Update internal guidance documents published by the Global Sanctions Office.
  • Review and update the Enterprise-wide Sanctions Policy and the Enterprise-wide Sanctions Program.
  • Review procedures and controls of business lines and relevant operating units to ensure consistency with the Enterprise-wide Sanctions Policy and the Enterprise-wide 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.
  • Review sanctions hits escalated to the Global Sanctions Office and collaborate with business lines to ensure that hits are handled appropriately.
  • Research all current, relevant sanctions laws, regulatory requirements and industry best practices.
  • Contribute to design and delivery of sanctions training programs and related education initiatives.
  • Prepare sanctions-related regulatory and senior management reporting for Director or Senior Executive’s review.
  • Actively participate in sanctions-related internal audits and external regulatory reviews.


Functional Competencies


  • 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
  • Results oriented, highly motivated with a keen ability to influence others.
  • Skilled proficiency with   MS Office (Word, Excel, PowerPoint, Outlook) and other related productivity tools


Education/ Experience

  • Juris Doctor/LL.B.  with a minimum of 5 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 related professional designation (e.g. ACAMS) 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.
  • 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


Location(s):  Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

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