City : Toronto, ON, CA, M5C2W1

Category : Compliance Officer

Industry : Financial Services/Banking

Employer : Scotiabank

Requisition ID: 210385

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

Reporting to the Director, AML Risk - Global Wealth Management, The Manager, AML Advisory, <Canadian Banking / Global Wealth Management> is responsible for assisting with the delivery of effective challenge and advisory by the second line of defense and driving the continuous improvement of procedures within assigned business units, while ensuring that controls effectively manage AML / ATF and Sanctions risks.

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

• Collaborate with colleagues and other stakeholders in the review of business processes with a view to making recommendations for measurable improvements while leveraging reusable (process) components, structures and enterprise-wide technologies that are effective and efficient ensuring that risk is minimized. This includes:
  • Analysing complex or High Risks cases, providing recommendations to onboard, retain or offboard clients.
  • Conducting analyses to improve/replace and implement effective AML/ATF/Sanctions procedures that will ensure a positive customer experience while effectively mitigating risk.
  • Influencing changes to procedures that result in increased productivity and/or efficiency with no increase in risk.
  • Enhancing employee and customer experience by removing pain points while continuing to effectively manage risk. 
  • Contributing to the assessment of ML/TF and Sanctions risks and mitigating controls relating to new initiatives as well as the onboarding, renewal, or material amendment of third-party outsourcing arrangements to identify potential risk exposure; and
  • Supporting completion of Enterprise level risk assessments as well as related thematic reviews.
• Participate in the development of AML/ATF strategies and recommendations, including related process maps, business benefits and costs, implementation and training strategies and plans by:
  • Participating in or coordinating the holistic review of procedures.
  • Collecting and analyzing data to prepare dashboards for Senior Management to provide a view of the efficacy of AML/ATF and Sanctions program and associated trends in assigned business units.
  • Developing and contributing to implementation planning activities.
  • Supporting Senior Managers and Directors in the preparation of end-to-end process maps, risk appetite statements, opinions, and assessments.
  • Providing consultation and advisory support to assigned business units; and
  • Preparing and/or reviewing communication material, including presentation decks and training materials ensuring content is applicable to target audiences and aligns with overall program objectives.
• Initiate and manage projects, working independently or within cross functional teams by:
  • Collaborating on and developing proposals.
  • Establishing milestones and assessing work effort.
  • Working with a diverse group with varying expertise and job levels; and
  • Ensuring all deliverables are completed within established timeframes, and within established department guidelines and protocols, escalating as necessary.
• Build strategic relationships with internal stakeholders within assigned business units and across functions.
• Champion a high-performance environment by fostering an inclusive work culture.  
• Support technical excellence by searching out external best practices, monitoring technical and professional developments, sharing knowledge and encouraging others to do the same in the best interests of the team and its stakeholders.
• Encourage and enable cross-business and cross-functional teamwork by demonstrating collaboration and leadership in action and challenging behaviours and actions that are not consistent with Scotiabank’s diversity policy and/or the best interests of the business and its customers.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Post-secondary education with a minimum of 3 years of experience in an operation, project management or compliance environment preferably in the Financial Services industry.
• Strong fundamental knowledge of <Canadian Banking / Global Wealth Management> business unit functions, procedures, internal controls, products, policies and how the various supporting units interact.
• Solid understanding of related regulatory requirements including KYC and AML/ATF policies, and operational risk management concepts such as risk and control linkages.  
• Well-developed written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties.
• Excellent time management skills and ability to prioritize activities to be able to effectively react to a rapidly evolving environment. 
• Ability to work independently with minimal direct supervision within a prescribed area of responsibility.
• Working knowledge of process mapping including related software and tools (e.g., Visio, Blueworks).
• Above average competency in Excel (including macros) and an ability to manipulate large amounts of data to analyse trends and support conclusions.
• Thorough knowledge of the Bank’s interactive systems including Excel, PowerPoint, and Word.

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• Your career matters!  You will have access to career development and progression opportunities.

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.