Director, Client Risk Management, Business Risk Management (English/Spanish)- International Banking

Requisition ID: 276082 

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

Scotiabank’s International Banking division is a diverse and dynamic network that provides financial advice and solutions to more than 12 million retail, corporate, and commercial clients. With a presence in over 15 countries—including Mexico, Chile, Peru, Colombia, Brazil, Uruguay, and key markets across Central America and the Caribbean—our footprint offers unparalleled connectivity within the North American corridor. These regions feature favorable demographics and present significant opportunities to expand banking penetration and deliver innovative solutions.

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

Purpose
Leads and oversees AML/ATF Sanctions, Business Risk Management in International Banking ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.
Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Provides strategic direction, leadership and oversight for 1st line Anti-Money Laundering programs in International Banking, including controls, systems and processes that support effective AML/ATF execution across the business line.


What You'll Do:

• Ensures business line AML/ATF programs cover all aspects of the Bank’s 1st line of defense within a three lines of defense oversight model including ongoing monitoring from both a process and systems perspective
• Understand and maintain awareness of the local and global AML regulations, Enterprise-wide AML/ATF & Sanctions policies and standards, as well as international standards and industry leading practices
• Working with the Business Lines to develop, maintain current and implement local AML/ATF & Sanctions procedures and controls based on the Global Standards, incorporating local regulatory requirements
• Champion for the country’s AML program and ensuring its effectiveness, being responsible for supporting the governance framework, providing support to business lines through escalations, monitoring program breaches or gaps, reviewing controls as required and developing procedures to monitor and report the effectiveness of the AML Program in the countries
• Management of the exceptions to policy/standards and required Delayed Implementations (Management Self-Identified) at a divisional level.•    Responsible for the oversight and support of the IB AML and Sanctions program
• Responsible for the divisional execution of the EMRA/ESRA annually ensuring 100% coverage of assessable units/business lines and control units
• Accountable for the 1st Line of Defense execution and roll out of the AML RCM (Regulatory Compliance Management) program for International Banking
• Responsible for the facilitation and execution of AML Training Plans (TP) including the tracking and reporting to Executive forums
• Responsible for the facilitation and execution of the AML Third Party Risk Management standards
• Responsible for the execution of the executive reporting for NIASRA, TP and TPRM
• Work with multiple local stakeholders to gather different perspectives on AML and assess impact on the country’s operating model, providing feedback to AML Advisory group (in Toronto)
• Ensures AML/ATF procedures and controls are consistent with best practice, adhered to by the business lines, and enable identification, assessment and control of AML/ATF risks across clients, products, services and countries
• Identifies and remediates business line AML/ATF program deficiencies through risk-based remediation plans and reporting to Executive Management and the CAMLO
• Understand and maintain awareness of the Issues Management standards, and procedures
• Responsible for the curation and mapping of AML Issues (Regulatory/Audit/MSI) to ensure alignment with the Enterprise Policy/Standards and IB Issues Management Standards
•  Accountable for the roll up reporting per country on Issues Management for Executive Forums
• Responsible for Business Risk Management Executive reporting and escalations regarding First Line AML Controls, including, but not limited to Group Head briefings; CRC materials; IB AML Program Committee
• Ongoing interaction with the Business Lines, AML Advisory (2L), local EDDU, local AML Officers
• Participation, support and challenge in AML in Country/Regional Committees
• Act as liaison with the 2nd Line and 3rd Line to develop and implement AML initiatives processes to achieve balance between operational efficiency and customer experience while in compliance with Policy and regulatory requirements
• Understand how the Bank’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 the Scotia Bond, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to AML/ATF/sanctions 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
• Ensures local legal entities are supported by adequate resources to execute first line AML/ATF controls, including know your customer, enhanced due diligence, customer risk rating and payment scanning obligations

What You'll Bring: 

• University degree with a minimum of 10-15 years’ experience in financial services
• Fluency in English and Spanish is required
• Strong understanding of the International Banking business units, products, services, operations, systems and practices
• Strong knowledge of AML/ATF and Sanctions regulations and internal policies & procedures
• In-depth understanding of the Bank’s operations and controls, including knowledge of organization and infrastructure
• Demonstrated ability in leading professional staff both in Head Office and in Country offices
• Expert time management skills and ability to balance competing or conflicting objectives of various departments and/or stakeholders
• In-depth knowledge of Human Resources policies and procedures
• Advanced verbal and written communication skills in English and Spanish.
• Expert relationship management skills.
• AML Designation (CAMS) is an asset.

Work Arrangement:
This position is currently a hybrid role, with the expectation that you will work 3-4 days a week in the office. Please note that this is subject to change based on the needs of the business.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

At Scotiabank, we value the unique skills and experiences everyone brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Location(s):  Canada : Ontario : Toronto || Chile : Metropolitana : Santiago de Chile || Colombia : Bogota : Bogota || Mexico : Ciudad de México : Mexico || Peru : Lima : Lima 

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.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.