Manager, Wealth AML Projects and Reporting - Contract

Requisition ID: 176733

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

Purpose:

Contributes to the overall success of the Wealth AML team for Global Wealth Management (Canada) ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

Accountabilities:

• Champions a client focused culture to deepen client relationships and leverage broader Bank & Wealth relationships, systems, and knowledge.

• Support the development, implementation and refinement of AML / ATF / Sanctions projects and management reporting for Global Wealth Management (Canada) business lines.

• Along with the Senior Manager work with partner groups within the Bank (Global AML Operations /AML Risk/ Canadian Banking AML) and act as key driver and leader to implement technology and integration solutions to adapt AML/Sanctions Enterprise-Wide policies for Global Wealth Management (Canada)

• Lead and manage the creation and maintenance of analytical tools (advanced Excel tools) and reporting dashboards (e.g. PowerBI)
• Lead and coordinate GWM AML reporting deliverables by liaising with leadership and data owners from various internal controls, business lines and functional groups
• Lead and manage the creation of executive presentations (e.g. PowerPoint)
• Define high level business requirements and process flow documents.
• Define and execute test cases
• Conduct requirements, solution design, testing, change management walkthroughs with stakeholders

• Support the development of action plans and implementation of issues identified by Audit, including in connection with remediating existing anti money laundering / sanctions issues.
• Ensure implementation of new AML requirements initiated within the Bank, or as required by external regulators.
• Escalate AML or issues within the Business Line and within the Bank (e.g. Compliance, Operational Risk, EDDU, AML Risk) as appropriate.
• Liaise and co-ordinate AML efforts/activity with other Bank departments.

• Sustain Wealth Management’s anti-money laundering related program and standards.

• Collaborate with, inform, and educate all staff as to AML/Sanctions policies, standards, and procedures. This, in line with policies and guidance provided by partner groups, including the Enhanced Due Diligence Unit, Global AML Operations Governance and AML Risk.
• Maintain an awareness of legislative and regulatory initiatives, emerging trends and industry best practices and their potential impact on existing policies and procedures.
• Support the Senior Manager in initiating or developing procedural changes to address identified deficiencies as required based on AML/Sanctions reviews, system and operational reviews, including internal and external audit reviews/comments.
• From time to time the incumbent will act as a as a front-line resource available to Wealth Business line staff with guidance/interpretation of AML/Sanctions policies and procedures.
• Ongoing monitoring of business activities as to adherence to policy, procedures, standards.
• Act as a resource to provide advice with respect to new initiatives, products and services to ensure AML issues are adequately identified and addressed.
• Through the AML function and activities, reduce the risk of financial loss, damage to reputation, regulatory sanction and litigation, fines, and penalties for the Bank.

Other:

• Undertake special projects as may be assigned.
• Provide input regarding the effectiveness of existing policies/procedures, and/or recommendations for changes / improvements, taking into consideration ongoing regulatory developments.
• Act as a key “help” resource on AML / ATF / Sanctions, and/or relevant compliance related inquiries from Wealth Management colleagues.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Education / Experience:

Functional competencies:

• Proficiency with data structuring, analytics and visualizations software (e.g. R, PowerBI, SQL)
• Proficiency in Microsoft Excel, such as VLOOKUP, Nested Ifs, SUMIFs
• Proficiency in Microsoft PowerPoint
• Working experience in business analysis, preferably working within the regulatory and/or business teams
• Highly motivated, innovative, and results-oriented individual with excellent analytical, written and communication skills, and strong risk management skills
• Solid understanding of relationship management and wealth businesses, with a deep knowledge of products provided by and markets served by the Wealth Management Business Lines
• Solid understanding of the financial services industry, with particular emphasis on multinational and corporate clients/operations.
• Proven skills in risk assessment and management relating to AML / ATF, Sanctions matters.
• At least 5 years of project management/business analysis experience within the financial sector

Education:

• CAMS certification and courses in AML/ATF would be an asset.

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.