Job Description

Requisition ID: 170349

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
What you\xe2\x80\x99ll be doing The Manager, KYC Advisory, GBM AML Risk - Canada is responsible for 2nd Line oversight of Scotiabank KYC / Due Diligence activities across the GBM AML Risk portfolio to ensure business strategies, plans and initiatives are executed / delivered in accordance with governing AML/ATF regulations as well as internal policies and procedures, for Canada. The Manager is required to provide effective challenge by the 2nd line of defense. This role will work with stakeholders from all three lines of defense, including GBM business units across various jurisdictions, 1A Client Onboarding, 1B Regulatory Operations and Controls, Global AML/ATF Program Office and FIUs.
Is this role right for you? In this role you will:

• Possess in-depth knowledge of:

• Enterprise-Wide AML/ATF and Sanctions Handbook and related FAQs,
• GBM KYC Policy and related FAQs,
• GBM Issue Management Framework,
• OFSI, FINTRAC and other key regulations, including monitoring, review and understanding of new obligations, regulations,
• Guidance documents issued by FATF, Wolfsberg,
• Assist with the uniform implementation of Global and GBM polices and standards;

• 
  Serve as the AML/ATF KYC subject matter expert point of contact to 1st Line and other functional teams;
• Guide the business line in the enhancement of key AML/ATF and Sanctions controls to strengthen defenses;
• Act as subject matter advisor for matters such as client risk rating concurrence and recommendations for client exit for AML/ATF or Sanctions concerns;
• Provide guidance and respond to queries from various internal business partners relating to complex AML issues; identify unacceptable AML/ATF risk and collaborate with front-line to proactively manage and escalate these situations;
• Review and, where appropriate, recommend further escalation of various high risk triggers such as PEPs, negative media hits, high-risk geography, and other factors based on 1B identification;
• Participate in High Risk Customer reviews and make recommendations for approval/rejection to the Senior Manager, KYC Advisory and Head of Canada GBM AML Risk, as appropiate;
• Review client exception requests and determine the AML risk is acceptable for the bank and make recommendations for approval or denial of each request;
• Maintain a log of all exception requests and ensure they are escalated or resolved in a timely manner;
• Work with the Senior Manager, KYC Advisory and Head of Canada GBM AML Risk to provide policy guidance and interpretation to business and functional partners;
• Other duties as assigned as assigned by the Senior Manager, KYC Advisory, GBM AML Risk, Canada.
• Maintain a thorough and current understanding of the regulatory environment and actively participate in processes both internally and externally to affect change beneficial to the department;
• Understand how the Bank\xe2\x80\x99s risk appetite and risk culture should be considered in day-to-day activities and decisions;
• Perform other duties as directed by the Senior Manager, KYC Advisory, GBM AML Risk Canada.

Do you have the skills that will enable you to succeed in this role? \xe2\x80\x93 We\xe2\x80\x99d love to work with you if you have:

• Five plus years KYC Onboarding experience in banking and financial services industry, preferable in Global Banking and Markets business;
• Five plus years of experience in AML/ATF compliance;
• Strong knowledge of the Global Banking and Markets and Banking businesses, products/services and the clients/markets that Scotiabank GBM serves;
• Strong communications, analytical, organizational, project management, and planning skills;
• Knowledge of business, products, operations, systems, and organization for financial services sector;
• Working knowledge of Capital Markets and current regulatory environment preferred;
• Minimum Bachelor\xe2\x80\x99s degree in business, related field or equivalent experience;
• CAMS certification preferred but not required;
• Advanced skills in Microsoft Office Suite, including Excel, PowerPoint, Microsoft Project or other project management and reporting tools;
• Strong communications, analytical, organizational and planning skills;
• Strong knowledge of AML/ATF regulatory requirements and expectations;
• Minimum 3 years in financial services or 2 years in management consulting at \xe2\x80\x9cBig Four\xe2\x80\x9d (or equivalent) consulting firm;
• Demonstrated leadership skills, maturity and judgement;
• Ability to influence without direct authority through gaining trust and respect.

12 month contract, possibility to extend
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.