Title:  Senior Manager Retail AML/ATF

Requisition ID: 260360 

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

The Role 

Contributes to the overall success of the Canadian Banking’s anti-money laundering (AML) compliance program in Canada 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.

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

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Support the development, implementation and refinement of AML / ATF / Sanctions policies and procedures for Retail & Business Banking’s business units
  • Support the Director in initiating or developing policy and procedural changes to address identified deficiencies as required based on compliance reviews, system and operational reviews, including internal and external audit reviews/comments.
  • Ensure implementation of new compliance requirements initiated within the Bank, or as required by external regulators.
  • Provide input regarding the effectiveness of existing policies/procedures, and/or recommendations for changes/improvements, taking into consideration ongoing regulatory developments.
  • Manages/supports the design and implementation of an ongoing change management program for AML across Retail Banking.
  • Support the development of action plans and resolution of issues identified by Audit/Testing/QA, with consideration of remediation to any existing AML / ATF / Sanctions findings.
  • Be a leader in displaying adherence to these requirements and as an invaluable front-line resource available to Retail & Business Banking staff.
  • Work with partner groups within the Bank (Operations / Global AML) to adopt and implement Enterprise-Wide policies for Retail & Business Banking.
• Sustain Retail & Business Banking’s anti money laundering related program and standards
  • Collaborate with, inform, and educate all staff as to compliance policies, standards, and procedures.
  • Maintaining an awareness of legislative and regulatory initiatives, emerging trends and industry best practices.
  • Liaise and co-ordinate compliance efforts/activity with other Bank departments.
  • Ongoing monitoring of business activities to ensure adherence to policy, procedures, and standards.
  • Investigate non-compliant activity to ascertain facts, make reasoned recommendations, and as suitable institute corrective action which may included recommendations for cost containment.
  • Escalate compliance or other breaches and issues within the Business Lines and with the Bank (e.g., Compliance, Operational Risk) as appropriate.
  • Act as a key resource on AML / ATF / Sanctions to provide advice with respect to new initiatives, products and services to ensure compliance issues are adequately identified and addressed.
  • Through the compliance function and activities, reduce the risk of financial loss, damage to reputation, regulatory sanction and litigation, fines, and penalties for the Bank.
• Along with the Director, ensure regular compliance reporting to applicable stakeholders including Global AML, Global Compliance, AML Operations.
• Undertake special projects as may be assigned.
• Act as a key resource on AML / ATF / Sanctions, and/or relevant compliance related inquiries from Retail & Business Banking colleagues.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how Retail Banking’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their 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. 
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and, managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Solid knowledge of local and international AML/ATF regulations.
• Excellent strategic influencing skills.
• Strong knowledge of Retail Banking customer onboarding policies and processes in all channels.
• Strong analytic and problem solving capability.
• Strong performance orientation with a mind for efficiency and a strong sense of urgency.
• Strong communication skills and able to communicate complex information to various audiences.
• Strong leadership and time management skills with a track record of instilling a high performing culture.
• Strong relationship building competencies to build/maintain productive relationships with key stakeholders and business unit partners.
• Proven ability to advise senior executives and adapt to business needs.
• Bachelor degree in Business Administration, Accounting, Finance with a minimum of 5 years of relevant AML/ATF or banking experience.
• Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.

What’s in it for you?

• A rewarding career opportunity to create a new mandate and change how the bank operates – putting capabilities first
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day. 
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements. 

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.