Manager, USCM Governance & Program Initiatives, Global AML

 

 

 

Requisition ID: 214517

 Salary Range: 90,000.00 - 167,200.00 

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.

 

Manager, U.S. Cash Management Governance & Program Initiatives, Global AML - New York, NY

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Corporate and Commercial clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

 

As our clients transform their operating models, expand globally and deploy digital capabilities and their cash management needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline treasury processes, simplify payments, improve working capital performance, and mitigate financial risk.

 

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

 

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.

 

Purpose:

The Manager, U.S. Cash Management Governance & Program Initiatives, Global AML, contributes to the overall success of the U.S. Cash Management program, ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the Cash Management and Global Transaction Banking strategies and objectives, in adherence to U.S. AML and Sanctions regulations, and Scotiabank AML and Sanctions Policy requirements.  The role will focus on supporting the GTB AML Risk Lead. The role is responsible for ensuring that USCM AML/Sanctions program policies and procedures and metrics reporting are up-to-date and compliant with the external regulatory requirements (USMCA) and internal policies and standards (Bank).  This role will focus on providing administrative and operational support to different governance bodies (i.e., USCM SteerCo, USCM Working Group, GTB Program Committee), while promoting effective governance practices within the USCM corridor and GTB. 

 

The role works with stakeholders across the three lines of defense, including U.S. BSA/AML Program, Global Transaction Banking, Global AML, Client Onboarding, Internal Controls and other stakeholders in the delivery of the U.S. Cash Management program objectives.

 

Accountabilities 

• Champions a client-centric, result-driven culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Performs other duties and activities as may be assigned by the U.S. BSA/AML Officer and the GTB AML Risk Program Director, as required and from time to time.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Understand 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 their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. 

 

Governance

• Compliance Oversight: Ensures compliance with regulatory requirements such as the Bank Secrecy Act (BSA) while taking into consideration other local regulatory requirements such as Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Mexico’s Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin. Collaborate with various teams (Global AML, US AML, Global Sanctions & Screening, US Sanctions, International Banking AML) to integrate AML/Sanctions requirements such as KYC onboarding and due diligence processes.
• Risk Management: Maintains a risk management framework that supports best practices in AML compliance. Support AML/Sanctions risk assessments to identify potential vulnerabilities.  Liaise with Regulatory Compliance Management (RCM) and Issue Managem