Director, Transaction Monitoring, AML Risk Director, Transaction Monitoring, AML Risk …

Scotiabank
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Competitive
Scotiabank
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Competitive
Director, Transaction Monitoring, AML Risk
Requisition ID: 62406

Join the Global Community of Scotiabankers to help customers become better off.
Purpose
Leads and oversees the overall success of the Enterprise Solutions Program for Transaction Monitoring within AML Risk, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Position also provides leadership, communications and change management to the enterprise AML Transaction Monitoring Program

Accountabilities
  • Provides oversight, monitoring and tracking of Transaction Monitoring remediation commitments to Regulators
  • Provide oversight and supports the VP of Enterprise Solutions, from perspective of Transaction Monitoring, to ensure top scenario management to improve efficiencies, define scenario strategies, implement new initiatives and products while adhering to operational and global regulatory compliance risks.
  • Complete coverage assessments, update risk strategy, compile the products, services and delivery channels for the in scope business units as defined by the GAMLU's roadmap
  • Identify the AML red flags / risk indicators associated with the relevant products, services and delivery channel in order to align these with the known AML typologies with the goal to develop and deploy a comprehensive set of automated transaction monitoring scenarios, prioritized based on bank's AML risk tolerance and gap assessments
  • Participate in the development and implementation of strategies and actionable recommendations, including related process maps, business benefits and costs
  • Collect and analyze data to prepare comprehensive weekly dashboards on issues and initiatives for senior management with insightful analysis to track status of corrective action plans and provide views of the efficacy of the AML/ATF Transaction Monitoring Analytics program
  • Oversees the team in ensuring all procedures and practices comply with regulatory and internal requirements.
  • Ensures that project goals are accomplished and in line with business objectives.
  • Reviews status reports prepared by project personnel, and modify schedules or plans as required

Education / Experience
  • Excellent verbal and written communication skills, ability to communicate on a broad spectrum (from deep technical discussions to high level executive vision)
  • Effective execution skills to ensure the successful delivery/implementation of the change management strategy.
  • Demonstrated ability to develop and maintain relationships with business leaders to support enterprise objectives, influence key stakeholders and jointly develop effective and realistic strategies.
  • Demonstrated ability on exercising sound judgment as to the materiality of risks where identified and/or provide solutions
  • Proven ability in determining risk mitigation activities with appropriate consideration to the impact to the business line where relationships are important or valuable.
  • Excellent interpersonal, communication, negotiation and strategic influencing skills are key requirements.
  • Analytical in approach to problem solving, with a focus on managing a team environment with attention to results/urgency
  • Strong technology background, coupled with equally strong financial and risk management knowledge.
  • Demonstrated ability to manage and mentor staff
  • Strong project management skills and experience.
  • Working knowledge of AML/ATF Name Screening requirements and current regulatory environment in Financial Services Industry
  • ACAM Certification is an asset
  • Minimum of 10 years of experience in AML, Compliance and/or Audit capacity in a major financial institution
  • Project Management Professional Designation, Six-Sigma (Greenbelt), Lean Certification and/or Agile, an asset
  • Must have significant experience in implementing AML TM systems including Oracle and BSA prime

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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