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Director, GBM AML Risk Product Advisory

Toronto , Canada | Scotiabank Global Banking and Markets

  • Industry:
    Banking / Investment Banking
  • Position Type:
  • Functions:
    General Management
    Risk Management
  • Experience:
    5-7 years
Job Description:
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Contributes to the overall success of the GBM in Latin America ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Director, GBM AML Risk Product Advisory for Latin America is responsible for advising GBM business lines in Latin America, specifically Brazil and the Pacific Alliance. The position located in Canada assists with ensuring the business strategies, plans and initiatives are executed / delivered in compliance with GBM AML Risk standards. This role will work with stakeholders in all three lines of defense, including GBM business units, 1B Internal Controls, Onboarding, Enterprise Program Office, Business Line AML teams and FIU based both in Head Office and local in country teams.

Key Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• In relation to GBM activities in Latin America, namely Brazil and the Pacific Alliance countries (Mexico, Columbia, Chile and Peru):

- Assess implementation of GBM AML Risk standards

- Acts as key GBM liaison with local AML teams

- Oversight and assurance of Enterprise Money Laundering Risk Assessment for GBM in Brazil and Pacific Alliance countries

- Advisory input on NIRA/NIASRAs for GBM activities 

- Second line oversight of issues (MSIs, Audit, Regulatory) related to GBM 

- Provides coordination on AML/ATF and Sanctions programs for GBM 

- Supports the establishment of the GBM FCRM Risk Management program

- Represent GBM AML Risk in senior management forums and risk committees as required

- Provides AML/ATF advisory support to the GBM business units

- Ensures the business is kept current of developments and best practices, and that business line processes and controls are updated accordingly.

- Identifies unacceptable AML/ATF risk in relation to GBM, collaborating with AML Advisors and proactively managing and escalating these situations.

- Takes appropriate and timely action in communicating and developing or amending existing policies, procedures, practices, training, and other controls in response to changing requirements and expectations.

- Consolidates relevant KPIs/KRIs for GBM.

- Reviews and provides credible challenge on AML and Sanctions related metrics with an aim to identify emerging risks, issues and trends. 

- Develops training plans for business units and assists in the development and/or presentation of the training as appropriate.

- Participate in projects such as CRR, KYC remediation, Negative News screening, Transaction Monitoring, Fenergo implementation where relevant.

- Review quality assurance reports.

- Participate in relevant Internal Audit and Monitoring & Testing reviews.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively 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. 

• Champions a high performance environment and contributes to an inclusive work environment. 

Experience / Education:

• Fluent Spanish speaking and writing required;

• Expert knowledge of Global Banking and Markets business unit products and services including correspondent banking, trade finance, capital markets, corporate and investment banking;

• Thorough written and verbal skills required to prepare communications and interact effectively with other Bank departments and external parties;

• Minimum of 5-7 years in financial services operations and AML/ATF compliance;

• Minimum Bachelor’s degree in business, related field or equivalent experience;

• Certified Anti-Money Laundering Specialist A(CAMS) preferred;

• Strong managerial, communications, analytical, organizational, project management, and planning skills;

• Thorough knowledge of regulatory requirements including KYC, AML, Anti-Terrorist Financing, Anti Bribery and Corruption, Fraud and Sanctions;

• Presentation skills which include ability to create and present Financial Crime related topics to individuals and teams globally.

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.  

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