Manager, Kyc Advisory - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 170349

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

What you'll be doing

The Manager, KYC Advisory, GBM AML Risk - Canada is responsible for 2nd Line oversight of Scotiabank KYC / Due Diligence activities across the GBM AML Risk portfolio to ensure business strategies, plans and initiatives are executed / delivered in accordance with governing AML/ATF regulations as well as internal policies and procedures, for Canada.

The Manager is required to provide effective challenge by the 2nd line of defense.

This role will work with stakeholders from all three lines of defense, including GBM business units across various jurisdictions, 1A Client Onboarding, 1B Regulatory Operations and Controls, Global AML/ATF Program Office and FIUs.

Is this role right for you? In this role you will:

Possess indepth knowledge of:
Enterprise-Wide AML/ATF and Sanctions Handbook and related FAQs,
GBM KYC Policy and related FAQs,
GBM Issue Management Framework,
OFSI, FINTRAC and other key regulations, including monitoring, review and understanding of new obligations, regulations,
Guidance documents issued by FATF, Wolfsberg,
Assist with the uniform implementation of Global and GBM polices and standards;
Guide the business line in the enhancement of key AML/ATF and Sanctions controls to strengthen defenses;
Provide guidance and respond to queries from various internal business partners relating to complex AML issues; identify unacceptable AML/ATF risk and collaborate with frontline to proactively manage and escalate these situations;
Review and, where appropriate, recommend further escalation of various high risk triggers such as PEPs, negative media hits, highrisk geography, and other factors based on 1B identification;
Participate in High Risk Customer reviews and make recommendations for approval/rejection to the Senior Manager, KYC Advisory and Head of Canada GBM AML Risk, as appropiate;
Review client exception requests and determine the AML risk is acceptable for the bank and make recommendations for approval or denial of each request;
Maintain a log of all exception requests and ensure they are escalated or resolved in a timely manner;
Work with the Senior Manager, KYC Advisory and Head of Canada GBM AML Risk to provide policy guidance and interpretation to business and functional partners;
Other duties as assigned as assigned by the Senior Manager, KYC Advisory, GBM AML Risk, Canada.
Maintain a thorough and current understanding of the regulatory environment and actively participate in processes both internally and externally to affect change beneficial to the department;
Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions;
Perform other duties as directed by the Senior Manager, KYC Advisory, GBM AML Risk Canada.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

Five plus years KYC Onboarding experience in banking and financial services industry, preferable in Global Banking and Markets business;
Five plus years of experience in AML/ATF compliance;
Strong knowledge of the Global Banking and Markets and Banking businesses, products/services and the clients/markets that Scotiabank GBM serves;
Strong communications, analytical, organizational, project management, and planning skills;
Knowledge of business, products, operations, systems, and organization for financial services sector;
Working knowledge of Capital Markets and current regulatory environment preferred;
Minimum Bachelor's degree in business, related field or equivalent experience;
CAMS certification preferred but not required;
Advanced skills in Microsoft Office Suite, including Excel, PowerPoint, Microsoft Project or other project management and reporting tools;
Strong communications, analytical, organizational and planning skills;
Strong knowledge of AML/ATF regulatory requirements and expectations;
Minimum 3 years in financial services or 2 years in management consulting at "Big Four" (or equivalent) consulting firm;
Demonstrated leadership skills, maturity and judgement;
Ability to influence without direct authority through gaining trust and respect.

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.