Senior Manager, Onboarding

 

 

 

Requisition ID: 191954

 Salary Range: 110,700.00 - 211,800.00 

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.

 

Position:   Senior Manager, Onboarding – New York, NY 

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: Manage and assist in the onboarding of new client relationships, working with the business lines and clients. Includes US KYC / AML, Dodd Frank, FATCA and other regulations impacting the US Business.  Escalates AML related issues and concerns to appropriate teams.  Calculate metrics on a daily/weekly/monthly basis.  Look for and implement opportunities to enhance process/procedures.

What You’ll Do 

• Facilitate the regulatory onboarding of US clients in an efficient, compliant and client-centric manner;
• Resolve day-to-day matters/escalations for the regulatory onboarding team (1A) in the US; escalate complex issues to appropriate departments for resolution;
• Continually acquire and enhance knowledge of both the Bank’s and the Division’s business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, and Bank Office processes;
• Collaborate with business line management to develop processes and procedures to implement and maintain the business line AML Program, including customer on-boarding, customer refresh, name screening;
• Follow and adhere to AML controls; including review of high risk customers, screenings (PEP, Negative News, Sanctions, etc.), and standard KYC / AML policies; and
• Develop and report KYC metrics, and prepare management reports/presentations for stakeholder meetings. 
• Continuously look to improve/streamline the onboarding process for efficiency gains by understanding the end-to-end flow
• Coordinate with multiple teams in the process flow to ensure efficiency; identify real/potential gaps and fix/escalate accordingly. 
• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct. 
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

What You’ll Bring 

• Minimum of  7-10 years in financial services and recognized expertise of current and anticipated regulatory frameworks impacting client onboarding in the US – namely, US KYC/AML, Dodd-Frank and FATCA/Tax;
• Minimum Bachelor’s degree in business, related field; compliance or equivalent ex