Senior Manager, U.S. AML Monitoring and Testing

 

 

 

Requisition ID: 215612

 Salary Range: 117,400.00 - 224,700.00 

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! 
 

 

Overview
 

Contributes to the overall success of the Global Banking and Markets (“GBM”) AML Monitoring and Testing Department (“M&T”), Global AML, by ensuring that specific individual goals, plans and 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.

 

What You’ll Do 

 

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

• Assist in developing and maintaining a robust AML Monitoring and Testing (M&T) Program including participation in annual test planning activities, developing Test Plans (aka Test Scripts), creating and/or updating Trend Sheets with appropriate testing attributes to ensure key risks and controls are subject to testing.

• Support the Head of M&T in the actualization of the overall mandate of the GBM M&T Program and assume full management responsibility of the team in the absence of the Head of M&T.

• Lead and supervise monitoring and testing reviews on AML-ATF and Sanctions activities to ensure the effective and compliant execution and sustainability of the GBM AML/ATF and Sanctions Compliance Programs and in accordance with the Scotiabank Enterprise AML, ATF and Sanctions Testing Standards and jurisdictional Addenda and Procedures, as applicable.  

• Lead team reviews and assume responsibility for ensuring that the work of testing Managers and Analysts within the team are executed in accordance with the requirements of Enterprise Testing Standards and Procedures. 

• Assume testing team leadership responsibility by ensuring that internal control weaknesses have been identified, errors have been quantified as appropriate, and that problems and associated impact are properly defined, documented and reported. 

• Serve as a mentor to other members of the GBM AML Risk Testing Team in the execution of their assigned testing engagements to ensure that high quality standards are consistently maintained across the board.

• Ensure written results are comprehensive and well documented (including, but not limited to, sampling criteria, sampling methodology, trend sheets, test results, and accurately identify AML and Sanctions risk factors.

• Ensure that Management’s Action Plans (“MAPs”) are appropriate and adequately address the risk of the issue.

• Validate ongoing remediation ac