Director, U.S. AML Audit

 

 

 

Requisition ID: 208526

 Salary Range: 174,700.00 - 286,000.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

 

Global Banking and Markets

 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose

The Director of U.S.  Anti-Money Laundering (AML) Audit is a member of the U.S. Audit Management team and is responsible for leading a team of auditors, effectively overseeing all audit activities across U.S. AML, and serving as an interface with U.S. AML Leadership. 

 

The incumbent is responsible for determining, and has overall ownership over, the audit universe, plans, coverage, and strategy, assessing and opining on remediation of issues and the control environment across U.S. BSA/AML and KYC Onboarding, supporting the assessment of AML regulatory risk and related controls in other areas, and ensuring that all audit activities across their team are conducted in AML with regulatory requirements and internal policies and procedures.  Additionally, the incumbent is responsible for contributing to the overall success of the U.S. Audit Department by ensuring that specific individual, team and departmental goals, metrics, plans, and initiatives are executed and delivered in support of the overall U.S. and Global Audit strategies and objectives. 

 

The incumbent should have extensive knowledge of AML, be proficient in applying risk-based auditing standards, practices, and techniques, and demonstrate a strong working knowledge of the U.S. regulatory environment and emerging risks. 

What You’ll Do 

Audit Portfolio:

 

• Identify systemic and emerging issues and strategic changes planned / undertaken by AML stakeholders that will impact their portfolio and the audit plan, including review of business / strategic plans, review and update risk assessments across the audit portfolio, attend periodic meetings with key management to understand changes and new business initiatives and review key performance indicators. 
• Contribute to, prepare, and present audit reports to Management Committee(s), regulators / examinations, and stakeholder meetings.
• Manage the Annual Planning and Risk Assessment process across their audit portfolio. Prepare the audit plan strategy, and provide input into the development, completion, and reporting of the Annual Audit Plan (and any changes to the plan). Continuously assess risk throughout the year to identify other areas of emerging risk for audit coverage consideration and ensure the latest industry standards and regulatory requirements are incorporated to keep the audit plan current and robust.
• Effectively utilize the full capacity of their team(s) and adequately plan and schedule dates that enable successful and on-time delivery of audit commitments 
• Review and approve audit issues to confirm that internal control weaknesses and root causes are