Title:  Senior Manager, Policy Development Strategy & Governance - Global GBM AML Risk

Requisition ID: 206891

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

This role is crucial for the success of the Global GBM AML Team, ensuring individual goals, plans, and initiatives align with the team’s business strategies and objectives. The role also entails making sure all activities comply with relevant regulations, internal policies, and procedures. The Senior Manager will lead and address the policy, standards, and procedural needs of GBM in line with the Bank’s Enterprise-wide AML/ATF and Sanctions Policy. This role requires effective challenge to the 1st Line of Defense (1LOD) and 2nd Line of Defense (2LOD) on multiple elements of policy implementation. Working with stakeholders across all jurisdictions, including GBM business units, Internal Control Oversight, Onboarding, Global Policy & Standards Office, and Business Line AML teams is a core component of the role.

Is this role right for you? In this role, you will:

• Champion a customer focused culture to deepen internal and external client relationships by leveraging broader Bank relationships, systems and knowledge.
• Develop GBM-related policies and standards that meet regulatory expectations and industry best practices with respect to AML/ATF and sanctions compliance.
• Represent GBM AML on various KYC & Policy forums internally and externally, to effect & implement change and also obtain feedback and address the same through policy updates, while strategizing GBM’s interests and risk appetite. 
• Support AML Officers in each GBM Jurisdiction to harmonize key program documents and update to reflect changes in the control environment.
• Support the Global AML Departments in each GBM jurisdiction in executing against policy documents.
• Partner with GBM AML Advisory and Business teams on interpretation and implementation of current and under development AML/ATF & sanctions policies and standards content.
• Manage all aspects of the policy program, including but not limited to:
  • Alignment of GBM AML/ATF & sanctions policies with Enterprise-wide standards;
  • Incorporation of relevant regulatory and industry guidance (e.g., FATF, Wolfsberg, LSTA etc.);
  • Timely revision of policies based on changing regulatory environment and expectations and work with the Head of AML Risk Program to ensure policies and/or procedures are appropriately updated and communicated to relevant audiences;
  • Completion of periodic revisions and approvals in consultation with all stakeholders; and
  • Record-keeping, as it relates to policy documents & approvals.
• Work with GBM AML Governance Program team and other relevant Global AML and Sanctions stakeholders, to obtain feedback and approvals (where necessary) to ensure alignment of GBM policies, standards and methodologies. 
• Act as the liaison between GBM Jurisdictions and Global AML with respect to Policies and Training initiatives for GBM.
• Support the Global AML with the approval of their policies, variances and exceptions requests.
• Assist with the coordination/provision of information for regulatory exams and internal audit.
• Where requested, act as a second review where required for regulatory and senior management submissions.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• 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 operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high-performance environment and contributes to an inclusive work environment.

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

• Degree in economics, finance, law or similar field, MBA
• A minimum of 5 years’ experience working in a regulatory and/or compliance capacity within a financial institution setting encompassing Policy, Training and AML advisory activities.
• Strong knowledge of Global Banking & Markets and Banking business unit functions, procedures, cash management and payment products, capital and financial markets, policies and how the various supporting units interact;
• Experience working in or with 1LOD KYC execution functions
• Thorough written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties;
• ACAMS preferred

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.