Join the Global Community of Scotiabankers to help customers become better off.
Purpose Provides leadership and oversight for second line AML/ATF Financial Intelligence Units globally ensuring risk based, timely and quality investigations are conducted and Suspicious Transaction Reports (Suspicious Transaction Reports (STRs)/Suspicious Activity Reports (SARs)are filed in a timely manner.
In collaboration with the VP Enterprise Solution Delivery, AML Risk, leads the development and enhancement of FIUs globally (people, process, technology)
Is responsible for the timely investigation and filing of STRs/SARs that meet local SLAs/regulatory requirements and meet quality standards
Working with the Country CAMLOs to rollout consistent FIU processes including effective oversight
Lead mentor the Special Investigations Unit (SIU) Director, and provide guidance as required
Is responsible to the training and development of investigators for both new products (WM, CM etc..) and investigation techniques
Is responsible for the quality control and quality assurance programs over the FIUs
Oversees AML Operations with respect to TM alerts and associated escalations
Participates in the development of various tools and technologies including case management, investigator tool kit
Works with the VP Solution Delivery and VP AMA test transaction monitoring rules, and validate successful implementation (PIV)
Leads and drives a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Oversees enterprise wide Financial Intelligence Units ("FIUs") 2nd line execution of suspicious activity monitoring program, including: (i) monitoring of transactions; (ii) investigations of potentially suspicious transactions,(iii) reporting of suspicious transactions;
Liaises with the AML Enterprise Solutions Team to ensure effective systems and technology are in place to support the AML/ATF compliance function, specifically on an Enterprise-wide basis. Working with the VP AML Enterprise Solutions, ensures that the calibration of automated monitoring thresholds is commensurate with AML risk.
Approves overall standards for regular operational metrics and system effectiveness reporting for all Scotiabank FIUs generating an Enterprise-wide report on monitoring operations and effectiveness
Reviews FIU related metrics for submission to the CAMLO and Board Report
Liaises with the Country CAMLO, business partners, Business Line AML Officers and Advisors on AML/ATF to review regulatory changes, trends, industry issues, new products/businesses, policy and procedure documents, and process improvements.
Provides guidance to and/or oversees AML Transformation activities related to AML FIU activities
Directs day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicates the Bank's risk culture and risk appetite statement throughout their teams.
Bachelor's degree in business, MBA preferred, with a minimum of 10 years of relevant AML/ATF experience preferable in the financial services or regulatory industry at an executive level.
Effective problem-solving capabilities, ability to develop strategic preventative measures and set, and meet goals/objectives.
Excellent written and verbal communication skills, and the ability to develop and maintain contacts with regulatory bodies and peers at other financial institutions
Expert knowledge of AML/ATF regulatory requirements and expectations;
In-depth knowledge of anti-money laundering and sanctions laws and regulations.
Experienced investigator, with proven record of excellence
Strong knowledge of businesses, products, operations, systems and organization
Exceptional leadership, communications, analytical, organizational, project management and planning skills;
Location(s): Canada : Ontario : Toronto As Canada's International Bank, we are a diverse and global team. We speak 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. 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.
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Internal Number: 6352420
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