Requisition ID: 207828
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Reporting to the Director, Global Sanctions, the Senior Manager contributes to the overall success of the Global Sanctions team by ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives. They will also ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.
Is this role right for you? In this role, you will:
Provide advice and counsel to business lines and compliance functions on sanctions regulatory requirements and associated policies and standards, including: Analyzing the risk that clients with sanctions exposure present to the Bank and recommending approval or denial, in line with regulatory requirements, the Bank’s risk appetite, and compensating controls Draft and update internal guidance documents published by the Global Sanctions Office. Act as a sanctions subject matter expert, and first point of contact, providing advisory services critical to the sustainment of Scotiabank’s Sanctions Program. Draft, review and update procedures for the Global Sanctions Office and maintain associated procedure logs. Review procedures and controls of business lines and relevant operating units to ensure consistency with Scotiabank’s Sanctions Program. Review sanctions hits escalated to the Global Sanctions Office and collaborate with business lines to ensure that hits are handled appropriately. Contribute to content, design and delivery of sanctions training programs and related education initiatives. Contribute to content and design of Senior/Executive Management reporting on sanctions-related regulatory matters. Actively participate in sanctions-related internal audits and external regulatory reviews. Research all current, relevant sanctions laws, regulatory requirements and industry best practices. Build strong partnerships with Business Lines, Internal Audit, and other key stakeholders, and work collaboratively across functional teams to resolve open sanctions issues in a timely and effective manner. Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Promote operational efficiency.
Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:
Juris Doctor/LL.B. preferred A minimum of 5 years of experience in AML/ATF, Sanctions, Compliance and/or Audit capacity in matrix financial organization; or its equivalent in education and years of experience. AML/ATF/Sanctions-related professional designation (e.g. CAMS, CGSS, CSS) a asset. Comprehensive knowledge of Canadian, US, and UN economic and anti-terrorism sanctions laws, and the Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Regulations. Working knowledge of AML/ATF and economic and anti-terrorism sanctions laws and regulatory standards in those international jurisdictions where Scotiabank does business. Thorough knowledge of international sanctions risk management standards and industry best practices. Solid market intelligence is required of the financial services industry in Canada and internationally where Scotiabank is located. Advanced analytical, problem-solving and critical thinking skills with solid organization and time management skills to deal with complex operational issues in a matrix organization. Demonstrated integrity when working with colleagues and leading others by setting example of required behaviours. Excellent written and verbal communication skills, able to manage difficult conversations. High client focus and high risk management focus. Proven ability to build strong cross-functional business relationships. Proven experience identifying and implementing process enhancements as well as the experience to oversee the resolution of process deficiencies and drive operational efficiency without compromising compliance requirements. Results oriented, highly motivated with a keen ability to influence others. Self-starter with ability to work with minimal supervision. Skilled proficiency with MS Office (Word, Excel, PowerPoint, Outlook) and other related productivity tools.
What's in it for you?
In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed! You'll be part of a diverse, collaborative, innovative, and high-performing team We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching Health Benefits from day one! You will relish work-life balance, team events, and opportunities to participate in the community. Your career matters! You will have access to career development and progression opportunities.
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. 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.