Senior Manager, Governance, Policy and Reporting, Global AML

 

 

 

Requisition ID: 199818

 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.

 

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 Senior Manager, Governance, Policy and Reporting, Global AML (U.S.)  contributes to the overall success of Global AML (U.S.) ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The role ensures all activities conducted are in compliance with governing regulations and internal policies and provides subject matter expertise and assists in the 2nd Line oversight of Scotiabank U.S.’s KYC / Due Diligence Advisory activities and managing policy development. The role works with stakeholders across all three lines of defense, including GBM business units, 1A U.S. Client Onboarding, 1B Regulatory Operations and Controls, U.S. AML Risk Program Office, U.S. FIU, the GBM AML Risk team and U.S. Internal Audit.

 

What You’ll Do   

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• Ensures all aspects of Governance and Policy Management:
  • Maintains and updates Legislative Compliance Matrices to ensure regulations are up to date and mapped to policies and procedure.
  • Monitors, reviews, and understands new rules and regulations to communicate and provide advice and guidance to appropriate stakeholders.
  • Works with the Global AML to ensure U.S. policies and procedures reflect Enterprise-wide and GBM requirements.
  • Aligns US policies with US regulations and Enterprise-wide/GBM standards
  • Timely revises policies based on changing regulatory environment and expectations.
  • Coordinates periodic revisions and approvals from stakeholders and applicable governance committees.
  • Record keeping of all policy documents including frameworks and methodologies, version control logs and evidence of approvals.
  • Assists content creators and document owners in proper communication of updated policies.
  • Advises various stakeholders on U.S. regulatory requirements and policy guidance and interpretations.
  • Ensures all 2nd line procedure documents align with the relevant Policies.
  • Advises 1st line on their procedures.
  • Timely revisions of procedures based on changes in Policy.
  • Periodic revisions and approvals in consultation with all stakeholders.
  • Records keeping of all 2nd line procedure documents.
  • Manages the review of the overall U.S. BSA/AML Program.
  • Maintains a thorough and current understanding of the regulatory environment and actively participate in processes both internally and externally to affect change beneficial to the firm;
  • Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Performs other duties as assigned by the U.S. BSA/AML Officer and U.S. BSA/AML Program Director.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effecti