Director, Regulatory Compliance Management, AML Risk Director, Regulatory Compliance Management, AML  …

in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Director, Regulatory Compliance Management, AML Risk
Requisition ID: 64766

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


Leads and oversees the AML Risk, Global Regulatory Compliance Management (RCM) Program for AML, in alignment with the Global Compliance Enterprise RCM Program. Responsible for ensuring enterprise strategies, plans and initiatives are developed, documented and maintained in compliance with governing regulations, internal policies and procedures in order to drive out an effective RCM Program and accompanying tools. Part of the AML Risk, Global Policy & Standards team (GPS), the Director, AML RCM Program is responsible for developing and maintaining the Bank's enterprise policies and standards linked to the Global AML RCM Program (the "RCM Program" or the "Program").

The Director, Global AML RCM Program will collaborate closely with Business Line CAMLO teams on the design and implementation of the Program.

  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Responsible for leading and overseeing the overall AML Regulatory Compliance Management (RCM) Program from a strategic perspective and overall program quality
  • Responsible for ensuring all business and compliance objectives are defined and addressed by the program
  • Ensures program scope aligns to defined objectives
  • Ensures that all active projects within the Program have up-to-date project plans and schedules, and monitors overall progress of the Program under the oversight of the Enterprise Program Management Office
  • Drives stakeholder management and alignment
  • Ensures unresolved issues or matters are escalated to the Executive Sponsors
  • Provides guidance and leadership to steer program teams towards the vision of the program
  • Assumes responsibility for ongoing communication and interface with Program stakeholders and ensures timely reporting of status and escalation of issues to the senior stakeholders and executives
  • Reviews any required changes to scope/deliverables, schedules, resources and budgets, and ensures changes are evaluated at the Program level, as well as Bank wide, and follows proper Change Management Process. Escalates issues as required to the VP AML Risk, Global Policy & Standards
  • Assumes responsibility for Program risk mitigation and ensures appropriate actions to remediate risks are exercised as required
  • Responsible for the day to day leadership of the AML RCM team (3-5 people), and for managing potential changing priorities within the program
  • Stays abreast of emerging regulation in Canada and the regions to identify developments and issues that may have an impact on the RCM Program.
  • Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Creates an environment in which his/her team pursues effective and efficient operations of his/her 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.
  • Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

  • Solid understanding of regulatory compliance matters and experience building an RCM Program preferred
  • Prior exposure to a control environment in risk management, compliance, or audit
  • Working knowledge of business environment supported by a strong understanding of policy and regulations
  • Project Management experience
  • Strong written and verbal communication skills
  • People management experience and leadership skills

Education / Experience
  • Undergraduate Degree in business administration, finance with an understanding of quantitative methods
  • ACAMS Designation or equivalent
  • 7 - 10 years of related AML or general Compliance experience

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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