Requisition ID: 247951

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

Purpose

Contributes to the success of the Wealth AML Controls team for Global Wealth Management by ensuring individual goals, plans, and initiatives are executed in support of first-line business strategies and objectives. Ensures all activities comply with governing regulations, internal policies, and procedures.

Accountabilities

Client Focus:

• Champion a client-focused culture to deepen relationships and leverage broader Bank and Wealth systems and knowledge.

Procedure and Control Development:

• Support the development, implementation, and refinement of AML/ATF/Sanctions procedures, and controls for Global Wealth Management
• Assist in creating and executing action plans to address issues identified by Audit, testing, and MSIs related to AML/Sanctions first-line controls.
• Act as a key driver for AML/Sanctions initiatives alongside the Senior Manager.
• Act as a resource for AML/ATF/Sanctions and compliance-related inquiries from Wealth Management colleagues.
• Collaborate with partner groups (Global AML Operations, AML Risk, Canadian Banking AML) to adapt and implement enterprise-wide AML/Sanctions program for Global Wealth Management

Program Sustainability

• Educate and inform staff on AML/Sanctions policies, standards, and procedures in alignment with guidance from partner groups.
• Maintain awareness of legislative and regulatory changes, emerging trends, and industry best practices.
• Support policy and procedural changes to address deficiencies identified through reviews and audits.
• Provide input on the effectiveness of existing policies and recommend improvements.
• Coordinate AML/Sanctions efforts with other Bank departments.
• Ensure implementation of new AML requirements within the first line as mandated by the Bank or regulators.
• Monitor business activities for adherence to policies and escalate issues as appropriate.
• Provide advice on new initiatives, products, and services to ensure AML risks are addressed.
• Reduce risk of financial loss, reputational damage, regulatory sanctions, and penalties through effective AML controls.

General:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• 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 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.
• Champions a high-performance environment and contributes to an inclusive work environment.

Education / Experience

Functional competencies:

• 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 Financial/Product Management/AML experience within the financial sector

Education:

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

Working Conditions:

The incumbent works in a standard office environment. Normal sensory attention is required. The incumbent is occasionally required to travel. Frequent interruptions, ad hoc requests and unplanned operating issues, along with constantly changing priorities contribute to the high demands placed on the incumbent. Non-standard working hours are a regular occurrence.

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.