Requisition ID: 175763

Salary Range: 106,400.00 - 203,600.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Leads and oversees the U.S. AML Risk Department ensuring business strategies, plans and initiatives are executed and delivered in compliance with governing regulations, internal policies and procedures.

Assist the FIU Director with the development, implementation and maintenance of appropriate AML Transaction Monitoring and Financial Investigations to detect and report on suspicious activities in accordance with the Bank’s requirements under US Federal and state regulations, including the Bank Secrecy Act (“BSA”), Anti Money Laundering (“AML”) regulations, and the USA PATRIOT Act.

Is this role right for you? You will be responsible for:

• 
  Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Assist the FIU Director in managing the day-to-day activities of the FIU. The FIU is responsible for AML Transaction Monitoring and all investigations of unusual activity resulting from an alert generation, exceptions generated by the transaction monitoring system(s), and referrals received from various operational or business areas.
• Manage assigned direct-report FIU personnel and oversee the daily monitoring of their assigned workflows and productivity. Responsible for assigning alerts and cases to direct reports, as appropriate, and for ensuring that all monitoring, investigations and reporting is completed in a timely manner and in accordance with both internal and statutory guidelines.
• Manage, develop, train, and provide guidance to assigned FIU personnel when needed.
• Attend Suspicious Activity Report (SAR) Working Group Meetings and provide feedback and input on cases presented, specifically, whether predication exists for the filing of a SAR.
• Assist in periodic system validations and system maintenance and help ensure issues are identified and reported to U.S. AML Risk Analytics on a timely basis. When applicable, identify system enhancements as needed.
• Regularly provide input regarding changes to rules, parameters and thresholds maintained within the transaction monitoring system to ensure its continued effectiveness.
• Assist in reviewing case investigations and alert dispositions.
• Conduct regular meetings with assigned direct report FIU personnel for the purpose of tracking productivity, monitoring work product and providing training, suggestions and feedback.
• Attend regular meetings with FIU Director and provide updates on the workforce, workload and productivity of assigned direct report FIU personnel. If applicable, recommend changes to and general upkeep of FIU Policies, Procedures, Check lists and guidelines to the FIU Director.
• As delegated, file SARs with the online BSA system under the banks filing institution number.
• Manage and maintain the SAR Log and ensure that all information regarding the SAR filings, the 90-day reviews and UTRs are populated and maintained within the log.
• Ensure 90-day reviews are referred to the appropriate FIU personnel and that assigned reviews are conducted in a timely manner; ensure case files include proper documentation to evidence investigative activity, disposition and reasons for conclusions.
• 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 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 behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Do you have the skills you need to succeed? We'd love to work with you, if you have:

• 
  B.A./B.S. Required
• Extensive level of knowledge of BSA/AML and Transaction Monitoring practices
• At least 5 years of AML/ATF Transaction Monitoring experience
• Experience working in U.S. Operations of foreign bank
• Experience with payment and AML monitoring systems, including systems using and testing.
• Understanding of payment methods and formats (i.e. SWIFT, Fed Wire, CHIPs, ACH/IAT) and related Compliance requirements (i.e. Travel Rule, etc.)
• ACAMS certified (preferred)
• Capital Markets experience (preferred)
• Knowledge of Prime BSA Reporter and other AML Monitoring systems
• Understanding of the online BSA system and experience filing SARs with the online BSA system.

Location(s): United States : New York : New York City

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. 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.