Manager, Wealth Aml - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 183138

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

Purpose

Contributes to the overall success of the Wealth AML team for Global Wealth Management (Canada) ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.

Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Accountabilities:

Champions a client focused culture to deepen client relationships and leverage broader Bank & Wealth relationships, systems and knowledge.
Support the development, implementation and refinement of AML / ATF / Sanctions policies and procedures for Global Wealth Management (Canada) business lines
Support the development of action plans and implementation of issues identified by Audit, including in connection with remediating existing anti money laundering / sanctions issues
Along with the Senior Manager, acts as a key driver and leader for this initiative or any other initiative that maybe assigned
From time to time the incumbent will act as a as a frontline resource available to Wealth Business line staff with guidance/interpretation of AML/Sanctions policies and procedures
Work with partner groups within the Bank (Global AML Operations /AML Risk/ Canadian Banking AML) to adapt and implement AML/Sanctions Enterprise-Wide policies for Global Wealth Management (Canada)
Sustain Wealth Management's antimoney laundering related program and standards
Collaborate with, inform, and educate all staff as to AML/Sanctions policies, standards, and procedures. This, in line with policies and guidance provided by partner groups, including the Enhanced Due Diligence Unit, Global AML Operations Governance and AML Risk.
Maintain an awareness of legislative and regulatory initiatives, emerging trends and industry best practices and their potential impact on existing policies and procedures
Support the Senior Manager in initiating or developing policy and procedural changes to address identified deficiencies as required based on AML/Sanctions reviews, system and operational reviews, including internal and external audit reviews/comments.
Liaise and coordinate AML efforts/activity with other Bank departments.
Ensure implementation of new AML requirements initiated within the Bank, or as required by external regulators.
Ongoing monitoring of business activities as to adherence to policy, procedures, standards.
Escalate AML or issues within the Business Line and within the Bank (e.g. Compliance, Operational Risk, EDDU, AML Risk) as appropriate.
Act as a resource to provide advice with respect to new initiatives, products and services to ensure AML issues are adequately identified and addressed.
Through the AML function and activities, reduce the risk of financial loss, damage to reputation, regulatory sanction and litigation, fines, and penalties for the Bank.

Other

Undertake such special projects as may be assigned
Provide input regarding the effectiveness of existing policies/procedures, and/or recommendations for changes / improvements, taking into consideration ongoing regulatory developments
Act as a key "help" resource on AML / ATF / Sanctions, and/or relevant compliance related inquiries from Wealth Management colleagues
Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas

Guided by our purpose:
"for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.