AML Risk Manager

Requisition ID: 178020

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

Purpose

Key member of the GBM TM AML Risk Monitoring Strategy & Governance team with responsibility to support regional teams across the GBM footprint. The candidate is responsible for ensuring operational excellence in the day-to-day activities/tasks as it relates to the GBM TM AML Risk Monitoring Team. Additionally, the candidate supports the GBM TM Senior Manager to establish process and control governance to ensure effective ongoing GBM TM Risk strategies are implemented. The candidate is based in Toronto reporting to the Senior Manager GBM AML Risk Monitoring Strategy and Governance.

Background

The GBM TM AML Risk Monitoring Strategy & Governance team is responsible for reviewing the banks anti-money laundering (AML) transaction monitoring (TM) program for GBM products and services. As part of the review, the Bank is developing and implementing Transaction Monitoring rules to ensure compliance with regulatory requirements and to enhance existing AML Transaction Monitoring coverage. The objective is to adopt a proactive, effective, flexible, and consistent risk-based approach to mitigating global money laundering / terrorist financing risk and maintaining a top AML program.

Accountabilities

• Building relationships with both internal Support Senior Manager GBM AML Risk Monitoring Strategy and Governance in responsibilities for GBM Transaction Monitoring roll out for GBM products and external stakeholders;
• Designing visual representations of data using tools such as Power BI and PowerPoint;
• Generating automated senior reporting and dashboards using excel macros, scripting language and other tools;
• Remaining up to date on regulatory changes in GBM jurisdictions impacting AML/ATF and KYC policies;
• Providing support to Director, GBM AML Risk Product Monitoring Strategy & Governance team on an ad hoc basis for Fenergo information or other urgent tasks;
• Responsible for managing the overall organization of the GBM AML Risk Monitoring Team; and
• Collaborating with GBM business units and global AML Risk teams to pursue department objectives.

GBM Transaction Monitoring

• Completing review and distribution of monthly automated alert generation reports to the regional teams in a timely manner once received from Technology partners;
• Responsible for inquiring with Technology partners on the schedule for the monthly run;
• Serving as a backup for escalating regional FIU alert issues;
• Based on observations raised by regional teams, the candidate may identify potential opportunities for enhancements to the existing production rules to reduce false positive alerts;
• Spearheading testing efforts as part of the rule development process;
• Supporting the development of Contextual Monitoring by identifying new requirements and enhancements to the visualizer;
• Working with the FIU to outline new requirements for Oracle enterprise case management system;
• Participating in the documentation of transaction monitoring business requirements;
• Participating in documenting the User Acceptance Testing approach, test cases for ongoing transaction monitoring;
• Working with external consultants, vendors, and internal technology groups to provide guidance on GBM products and services; and
• Identifying areas of opportunities to improve either the data models or the transaction monitoring solution via alerts investigation based on the phases that have already been implemented.

Policies & Procedures

• Assist with the implementation of policies and procedures related to AML transaction monitoring for GBM; and
• Contribute to jurisdictional AML FIU policies and procedures as necessary.

Reporting

• Provide regular KRI/KPI on monthly control report processes.

Training

• Assist with training documentation; and
• Assist and support with alerts escalation during any transition phase to the FIU.

Education

• Minimum of 2-3 years in financial services operations and/or AML/ATF compliance; or 2 years in management consulting at “Big Four” (or equivalent) consulting firm;
• Minimum bachelor’s degree in relevant subject or equivalent experience;
• ACAMS certified preferred;
• Strong communications, analytical, critical thinking, organizational, project management, and planning skills;
• Strong knowledge of GBM businesses, products, operations, systems, and organization; and
• Working knowledge of GBM and current regulatory environment preferred;
• Strong Knowledge of AML/ATF regulatory requirements and expectations;
• Designing visual representations of data using tools such as Power BI and PowerPoint;
• Generating automated senior reporting and dashboards using excel macros, scripting language and other tools; and
• Highly detail oriented and have strong critical thinking and problem-solving skills.

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. 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.