Director, Head of GBM/GTB AML Risk & Controls Assessments

 

 

 

Requisition ID: 223161

 Salary Range: 180,000.00 - 301,500.00 

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 AML Risk Assessment and Controls is responsible for leading the development, execution, and continuous enhancement of the GBM/GTB Anti-Money Laundering (AML) risk assessment framework. This role ensures that the institution effectively identifies, measures, and mitigates AML risks across all business lines, products, and geographic regions.

 

By integrating a robust risk-based approach, the director provides strategic oversight of AML controls, ensuring compliance with global regulatory expectations and industry best practices. This position plays a critical role in safeguarding the institution against financial crime, strengthening governance structures, and enabling senior management to make informed risk decisions.

 

Additionally, the director will collaborate with key stakeholders - including compliance, legal, internal audit, technology, and business leaders - to enhance AML risk management strategies and drive continuous improvement in controls. The role also involves engagement with global regulatory bodies, ensuring the bank remains at the forefront of evolving AML standards and emerging financial crime threats.

What You'll Do

 

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

 

Global AML Risk Assessment & Governance

• Lead the development, execution, and continuous refinement of the GBM/GTB AML risk assessment framework, ensuring alignment with international regulatory requirements and industry best practices.
• Oversee the GBM/GTB AML risk assessment process across all jurisdictions where the bank operates, identifying inherent and residual risks for different regions.
• Develop and implement GBM/GTB risk assessment methodologies, considering customer, product, geographic, and transactional risk factors.
• Present AML risk assessment results, insights, and strategic recommendations to senior management, the board, and global risk committees as required.

 

AML Controls & Risk Mitigation Strategies

• Ensure that AML controls are appropriately tailored to the risk environment in different jurisdictions, considering local regulatory requirements and business models.
• Oversee enhancements to risk assessment methodologies, leveraging technology, data analytics, and automation to improve effectiveness.

 

Regulatory Compliance & International Risk Management