Back to jobsLeads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Support the development, implementation and refinement of AML / ATF / Sanctions policies and procedures for Retail & Business Banking’s business units
Sustain Retail & Business Banking’s anti money laundering related program and standards
Along with the Director, ensure regular compliance reporting to applicable stakeholders including Global AML, Global Compliance, AML Operations.
Undertake special projects as may be assigned.
Act as a key resource on AML / ATF / Sanctions, and/or relevant compliance related inquiries from Retail & Business Banking colleagues.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Understand how Retail Banking’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Creates an environment in which their team 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.
Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision/values/business strategy; and, managing succession and development planning for the team.
Job Description
- Support the Director in initiating or developing policy and procedural changes to address identified deficiencies as required based on compliance reviews, system and operational reviews, including internal and external audit reviews/comments.
- Ensure implementation of new compliance requirements initiated within the Bank, or as required by external regulators.
- Provide input regarding the effectiveness of existing policies/procedures, and/or recommendations for changes/improvements, taking into consideration ongoing regulatory developments.
- Manages/supports the design and implementation of an ongoing change management program for AML across Retail Banking.
- Support the development of action plans and resolution of issues identified by Audit/Testing/QA, with consideration of remediation to any existing AML / ATF / Sanctions findings.
- Be a leader in displaying adherence to these requirements and as an invaluable front-line resource available to Retail & Business Banking staff.
- Work with partner groups within the Bank (Operations / Global AML) to adopt and implement Enterprise-Wide policies for Retail & Business Banking.
- Collaborate with, inform, and educate all staff as to compliance policies, standards, and procedures.
- Maintaining an awareness of legislative and regulatory initiatives, emerging trends and industry best practices.
- Liaise and co-ordinate compliance efforts/activity with other Bank departments.
- Ongoing monitoring of business activities to ensure adherence to policy, procedures, and standards.
- Investigate non-compliant activity to ascertain facts, make reasoned recommendations, and as suitable institute corrective action which may included recommendations for cost containment.
- Escalate compliance or other breaches and issues within the Business Lines and with the Bank (e.g., Compliance, Operational Risk) as appropriate.
- Act as a key resource on AML / ATF / Sanctions to provide advice with respect to new initiatives, products and services to ensure compliance issues are adequately identified and addressed.
- Through the compliance function and activities, reduce the risk of financial loss, damage to reputation, regulatory sanction and litigation, fines, and penalties for the Bank.