Senior Manager, AML Risk (Bilingual Spanish)

Return to List

City : Toronto

Category : Banking

Industry : Banking

Employer : Scotiabank



Requisition ID: 56082


Join the Global Community of Scotiabankers to help customers become better off.



Provide identification, guidance, and resolution on AML/ATF and Sanctions related matters to all Insurance Units in International banking by ensuring that localized process and procedures comply with at least minimum operational standards as per Enterprise-wide AML/ATF & Sanctions Policies.


The Sr. Manager is responsible for providing Supervisory Governance to all Insurance Business, assuring that insurance products products and clients of insurance business are tracked, acknowledged and operating under Scotiabank Enterprise-wide AML/WTF & Sanctions policies. This includes governing the risk assessment for AML product screening and providing support to business lines to assure compliance, respective resolutions, monitoring program breaches or gaps, reviewing controls as required and developing procedures to monitor and report the effectiveness of AML management in the country.   




Provide support and advise to Insurance Units in order to effectively implement the global AML Program, incorporating any potential exceptions/variances to global procedures and policies:


  • Provide support to ensure alignment, effectiveness and compliance of local and global AML/ATF and Sanctions policies and procedures:
    • Provide Guidance to local Insurance Business ensuring that AML Product Risk Assessment is performed
    • Working with Insurance Units to develop, maintain current and implement local AML/ATF procedures and controls based on the global standards, incorporating any local regulatory requirement that may represent a variance to global policy or exception to global standards.
    • Escalate red Flags, and certain High-Risk client's issues, as necessary, in coordination with Business Line Management with support and collaboration from the local EDDU and local Compliance Officer.


  • Provide support and guidance on AML & Sanctions programs.
    • Provide support to insurance Business on AML/ATF and Sanctions related matters in response to, and in support of Insurance needs to make ensure all AML residual risks (as evidence on self-assessments, or 1st and second line testing) are mitigated or properly accepted by the Business.
    • Act as the main point of contact for:
      • Clarifications related to AML/ATF and Sanctions programs, providing guidance to Insurance Business and other units on local and global standards for these programs.
      • Analyze local and global requirements and make recommendations for operationalization.
      • Breaches on AML program, identifying control gaps and providing/assisting with remediation action plans in coordination with the local Compliance officer for any process breaches.
      • Validation of corrective actions of identified control weaknesses before their closure.
    • Provide ad-hoc analyses on high risk customers, working with Business Lines to provide recommendation to Management on those customer relationships.
    • Provide insights on trends from a business line perspective.
    • Work with multiple local stakeholders to gather different perspectives on AML and assess impact on the country's operating model, providing feedback to Insurance Business and Global Insurance Risk.


  • Monitoring, Reporting and Control
    • Provide guidance to project teams on the design of reporting and control mechanisms for the AML program. The AML Advisor should work with the Compliance Officer to understand requirements, key metrics and ongoing management reporting on AML for International Banking.
    • Work with Insurance Business to develop, enhance and maintain written procedures and controls, regarding the customer's activity, including the identification and escalation of UTR.
    • Review reports of the results of progress against the annual Quality Assurance Program and annual Testing plan; and monitor results and associated corrective actions, making recommendations to management on control gaps, as needed.
    • Participate in the Annual AML/ATF Risk Assessment of each Business Line and the country, providing insights on changes that may be required, as internal and external requirements evolve.
    • Implement methodologies to analyze AML data and identify areas for improvement, making recommendations to Insurance Business and Global Insurance Risk.
    • Contribute with the development and deliveries of training materials and guidance to Insurance Lines in the country, ensuring employees are properly trained to execute AML controls duties, also addressing deficiencies or lack of training by escalating such issues on a timely matter.


  • Relationship Management
    • Ongoing interaction with the Insurance Business Lines, Global and Local EDDUs,  local Compliance Officer, as well as Internal Control in order to become a trusted advisor on AML matters.
    • Act as liaison with the 2nd Line and 3rd Line to develop and implement AML compliance program/ processes to achieve balance between operational efficiency and regulatory compliance.


Education & Experience

University degree in a business or legal related field. Relevant Master's degree is desirable, together with:

  • 5+ years of financial services and management experience, preferably within compliance, AML or control functions roles
  • A strong, general knowledge of Scotiabank policies, procedures and processes, including internal control principles in order to understand the business requirements for both policies and documentation requirements. Alternatively, strong knowledge of Insurance Businesses and ability to quickly adapt.
  • A breadth of experience in AML, compliance, risk management, audit, operations or related areas.
  • Possess strong communication (verbal and written), listening, presentation and facilitation skills.
  • The incumbent must be a strong leader with excellent interpersonal, communication and influencing skills in order to build consensus and collaboration with stakeholders
  • Ability to suggest appropriate recommendations to senior/executive management and effectively support those recommendations
  • Excellent time management skills, including ability to work well under pressure and constantly adjust priorities for self and the team
  • Demonstrated ability to complete and analyze quantitative and qualitative research.
  • Fluency in Spanish and English required
  • ACAMS certification is not a pre-requirement; however, the incumbent will have to obtain it within the 1st year in the role.



Location(s):  Canada : Ontario : Toronto

As Canada's International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.

Return to List


Subscribe to our newsletter & stay updated