Senior Manager, FIU, GBM AML

 

 

 

Requisition ID: 257715

 Salary Range:  -  

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

 

This Senior Manager will lead and oversee the U.S. AML Risk Department ensuring business strategies, plans and initiatives are executed and delivered in compliance with governing regulations, internal policies and procedures. You will also assist the FIU Director with the development, implementation and maintenance of appropriate AML Transaction Monitoring and Financial Investigations to detect and report on suspicious activities in accordance with the Bank’s requirements under US Federal and state regulations, including the Bank Secrecy Act (“BSA”), Anti Money Laundering (“AML”) regulations, and the USA PATRIOT Act.

 

What You'll Do

 

•    Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
•    Assist the FIU Director in managing the day-to-day activities of the FIU. The FIU is responsible for AML Transaction Monitoring and all investigations of unusual activity resulting from an alert generation, exceptions generated by the transaction monitoring system(s), and referrals received from various operational or business areas.
•    Manage assigned direct-report FIU personnel and oversee the daily monitoring of their assigned workflows and productivity. Responsible for assigning alerts and cases to direct reports, as appropriate, and for ensuring that all monitoring, investigations and reporting is completed in a timely manner and in accordance with both internal and statutory guidelines.
•    Manage, develop, train, and provide guidance to assigned FIU personnel when needed.
•    Attend Suspicious Activity Report (SAR) Working Group Meetings and provide feedback and input on cases presented, specifically, whether predication exists for the filing of a SAR.
•    Assist in periodic system validations and system maintenance and help ensure issues are identified and reported to U.S. AML Risk Analytics on a timely basis. When applicable, identify system enhancements as needed. 
•    Regularly provide input regarding changes to rules, parameters and thresholds maintained within the transaction monitoring system to ensure its continued effectiveness.
•    Assist in reviewing case investigations and alert dispositions. 
•    Conduct regular meetings with assigned direct report FIU personnel for the purpose of tracking productivity, monitoring work product and providing training, suggestions and feedback. 
•    Attend regular meetings with FIU irector and provide updates on the workforce, workload and productivity of assigned direct report FIU personnel. If applicable, recommend changes to and general upkeep of FIU Policies, Procedures, Check lists and guidelines to the FIU Director. 
•    As delegated, file SARs with the online BSA system under the banks filing institution number.
•    Manage and maintain the SAR Log and ensure that all information regarding the SAR filings, the 90-day reviews and UTRs are populated and maintained within the log.
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