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Job Purpose The Senior Manager, Transaction Monitoring, Rules Management - Enterprise AML/ATF Solutions provides expertise to and supports the day-to-day activities of the Transaction Monitoring, Enterprise AML/ATF Solutions, ensuring the transaction monitoring scenarios cover the bank's AML risks and are in compliance with governing regulations, internal policies and procedures. Automated transaction monitoring is deployed globally across all three of the bank's lines of business: Canadian banking, International banking and Global Banking and Markets in over 40 countries / business units.
Provide oversight and supports the Director of Transaction Monitoring Rules Management, Transaction Monitoring, Enterprise AML/ATF Solutions, responsible for scenario management to improve efficiencies, define scenario strategies, implement new initiatives and products while adhering to operational and global regulatory compliance risks.
Complete coverage assessments, update risk strategy, compile the products, services and delivery channels for the in scope business units as defined by the GAMLU's roadmap
Identify the AML red flags / risk indicators associated with the relevant products, services and delivery channel in order to align these with the known AML typologies with the goal to develop and deploy a comprehensive set of automated transaction monitoring scenarios, prioritized based on bank's AML risk tolerance and gap assessments
Define and adhere to the change management process associated with the addition, maintenance and de-activation of rules and maintain / oversee the completion of the rules inventory and document the requirements and define internal standards
Engage with the Global Risk Management (GRM) model validation and model development teams, develop methods and standards to validate the GRM strategies / documentation to support the GAMLU executives decision making process and understand the operational impacts associated with the scenario development and tuning initiatives including the scenario effectiveness and volume assessments
Collaborate with the various stakeholders that perform data management within the Enterprise data teams, Technology and the GAMLU to communicate in an effort to understand the impact on the rules and ability to create more productive alerts, actively manage and track the progress of rule related data production issues
Ability to co-ordinate with other work streams, manage the back log, leverage the same technology resources and prioritize activities including audit, enhancements and production fixes while identifying dependencies and inefficiencies across work streams
Document relevant GAMLU issues to be brought forward for decisions to close identified gaps within business lines and operational units, identify best practices, prepare relevant artifacts, obtain approvals and incorporate information into policy and procedures
Participate in the development and implementation of strategies and actionable recommendations, including related process maps, business benefits and costs
Collect and analyze data to prepare comprehensive weekly dashboards on issues and initiatives for senior management with insightful analysis to track status of corrective action plans and provide views of the efficacy of the AML/ATF Transaction Monitoring Analytics program
Develop and maintain strategic relationships with internal key stakeholders including business and IT departments within Canadian Banking/ Wealth Management, International Banking and Global Banking & Markets as well as external contractors and third party vendors
Lead collaborative working session with global AML unit colleagues related to both transformation program project deliverables and 'business as usual' activities
Manages personal (or where applicable "the team's") development to ensure knowledge and skills are continually enhanced by keeping abreast of regulatory standards, business short- and long term initiatives and how these may impact the AML program
Challenging the status quo and providing recommendations on how AML Business Solutions can best serve our customers while creating an enterprise AML data quality 'center of expertise' within the Bank
Excellent understanding of automated transaction monitoring and rules management methodologies; evaluating, identifying and escalating issues accordingly
Strong leadership and coaching skills, including the guidance and direction of direct reports, indirect reports and colleagues
Demonstrated ability to manage competing priorities across multiple initiatives, achive goals, deliver high quality work, meet deadlines, develop strategies in a dynamic and complex environment
Accomplished in designing and developing informative presentations for management leveraging various reporting techniques
Strong ability to build collaborative relationships and liaise with diverse stakeholders
Bachelor's Degree or higher, in relevant discipline or equivalent experience in transaction monitoring rules management principles and methodologies an asset
Strong background and previous experience with automated transaction monitoring tools, preferably Fortent and Oracle
AML/ATF domain knowledge required
Strong Scotiabank Canadian Banking, International banking and Global Banking and Markets product and system knowledge in over 40 countries / business units
Certified Anti Money Laundering Specialist (CAMS) or other recognized AML/Financial Crimes certification is an asset.
Spanish speaking an asset
Location(s): Canada : Ontario : Toronto 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. 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.
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Internal Number: 6537500
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