Senior Manager,Risk and AML Controls-GTB

Requisition ID: 209753
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Senior Manager - Risk and AML Controls - Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., and Mexico, and we are seeking top tier talent to complement our organization.

Purpose

The Senior Manager Risk and AML Controls is a key member and contributor to the overall success of the Global Transaction Payments (GTB) Anti-Money Laundering (AML) and Non-Financial Risk Programs. The incumbent supports the Director, GTB AML & Internal Controls in implementing the AML Control function, Risk Assessments and preparing monthly reports (including KPI, KRI, Internal Control Index) for the Global Business Payments group through the following: ensuring reliable AML risk management controls are in place in keeping with the various Enterprise AML Risk Policies and Processes, managing strategic AML related projects, acting as AML Controls representative on working groups to ensure GTB is in compliance with all regulatory AML related issues, financial regulatory reporting, working with client and transactional data and supporting management with the implementation of the operational risk framework tools, providing business support and oversight in GTB and ensuring all activities conducted are in compliance with governing regulations, internal policies, and procedures.

Strong knowledge of GTB-Cash management products, Corporate Banking Global Payments & Deposits, Correspondent banking (FIGs), Trade Finance, Global Payment platforms and channels is an asset.

This role will work with stakeholders from AML Risk, Enterprise Program Office, Global Operational Risk, International Banking (IB), Global Transaction Payments (GTB), Global Banking and Markets (GBM), Canadian Banking, United States, Internal Audit, Global Wholesale Operations (GWO) and Global International Banking Operations.

What You’ll Do:

• Ensures AML requirements are assessed, documented, understood, and executed on an ongoing basis. Supports the Global Transaction Banking Product/Channel teams in fulfilling their compliance responsibilities with respect to AML/ATF.
• Provide support for the Risk & Control Self-Assessment program through implementation of the scope review of the significant business units & processes within GTB, assist in data gathering for Risk Assessments, and monitor & coordinate updates of outstanding action plans.
• Support Director GTB AML Control & Internal Controls on developing implementation strategies, detailed project plans, and monitoring progress against planned objectives related to Global Transaction Payments Non-Financial Risk and AML programs.
• Identify and gain a strong understanding of the key aspects of existing and pending regulations and laws governing Global Transaction Payments products, services, and processes. Develop, manage, and implement phased action plans or projects to ensure that Global Transaction Payments, and by extension the Bank, is following existing and new regulations or laws.
• Support Director GTB AML & Internal Controls in high priority initiatives such as ASRA, RCSA CRCA, GTB Reviews, GTB UTR Process, GTB Issue management, Risk Assessment, Audit resolution coordination and regulatory response for the overall AML and Sanctions program; ensuring business strategies, plans and initiatives, training are carried out in compliance with governing regulations/internal policies and procedures.
• Is responsible for all AML/ATF reporting to senior management and internal risk partners along with providing periodic updates respecting the progress of any remediation activities.
• Support Director GTB AML & Internal Controls in the planning of first line testing program and work in collaboration with the Senior Manager in preparing and presenting dashboard for GTB leadership for Trade Finance First Line Testing and other GTB products as required.
• Provide monthly dashboard to GTB leadership outlining status on key areas such as Independent Reviews (Audit, Compliance, KRI, etc.).
• Identify and address opportunities for improving controls and efficiencies of processes and assist management with ad-hoc requests and special projects.
• Collaborate with business and GTP technology partners to elicit information/data requirements and articulate requirements. Works with technology to champion automation as appropriate by providing sound business analysis, requirements and conducting relevant testing.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue 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 contribute to an inclusive work environment.

What You'll Bring:

• Minimum of 5 years of experience in financial services.
• University degree in Finance, Engineering, Computer Science, business or another related field.
• Experience in business analysis, data analysis and process reengineering are preferred.
• Experience in enterprise or business line compliance program, internal controls or operational risk management is preferred; AML knowledge and experience would be a benefit.
• CAMS certified, MBA degree, Agile designation or experience is an asset.
• Fluency in Spanish is preferred, both written and spoken.
• Thorough knowledge in managing PowerBI.
• Highly proficient Excel and PowerPoint skills with strong experience in developing executive level presentations and data analytics and modeling (understand and able to execute V-lookups) is a must.
• Fast learner, strong analytical skills and critical thinking capabilities to frame and structure complex issues effectively and develop insights and recommendations.
• Change agent with high energy, demonstrated strong ability to work under pressure, deal with ambiguities and uncertainties, and drive for results.
• In addition:
• Strong communications, organizational, project management, and planning skills.
• Familiarity with the key products offered in GTB and related AML/ATF and sanctions functions.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with complex projects.
• Ability to manage multiple compliance reviews and projects concurrently.

Work Arrangement:

#LI-Hybrid

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.