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Purpose Responsible for the day-to-day Financial Intelligence Unit Investigations, activities including all Money Laundering, and Terrorist Financing, related investigation activity referred from the AOC, branches, and law enforcement to BNS, as assigned. Oversees and leads a designated team within the FIU. Executes operational processes, maintains quality performance within the FIU, and ensures proper regulatory AML reporting and risk mitigation, while providing advice and counsel to business lines regarding ML/TF associated risk mitigation activities. Ensures all activities conducted comply with governing regulations, internal policies and procedures.
Prioritizes and manages investigations of potential ML, TF, or other matters related to cases referred to the FIU , including monitoring quality and performance metrics.
Oversees and leads designated team(s) within the FIU.
Leads and executes efficient and effective FIU operational strategy related to the assigned components of GAMLU's ML/TF detection and reporting program.
Contributes to, recommends, and reviews policies, procedures, and operational workflows for FIU activities.
Manages investigations conducted by the GAMLU Team, including monitoring quality, workload, and performance metrics. Reviews investigation reports, along with related documents, and provides feedback, as appropriate.
Collaborates with other AML/TF subject matter experts concerning high-risk investigations, including determining whether there is reasonable grounds to suspect ("RGS") unusual activity and whether or not customers represent high or unacceptable levels of risk.
Partners with AOC investigation teams, the Special Investigation Unit, and other departments to facilitate the proper escalation/referral of investigations, including managing Unusual Transaction Referrals ("UTRs").
Confirms the FIU's timely reporting of suspicious transaction reporting ("STR") and other required ML/TF filings to the proper regulatory authority, in accordance with regulations.
Reviews FIU investigation reports, along with related documents, and provides feedback, as appropriate. Mentors investigative teams and manage resources required to complete complex investigations.
Recommends risk mitigation actions and next steps at the conclusion of investigations, including potential customer exits or retention with risk mitigation conditions
Meets regularly with team members to identify challenges and obstacles related to the team's objectives
Acts as a key contributor to the development of a consistent and standardized approach to investigations, report writing and industry best practices.
Develops and maintains templates and tools that facilitate standardization and the consistent application of investigative procedures.
Identifies potential patterns of activities, and/or complex schemes that may pose significant ML/TF/Sanctions risk to Scotiabank and the industry. Prepares reports/materials and delivers investigative results to the appropriate staff, including identification of trends and areas for improvement.
Monitors key metrics to maintain an awareness of AML operations globally; including the volume and aging of investigations in queue, conversion rates of alert to case and cases resulting in suspicious transaction reporting (STR), and trending of output with respect to quantity and quality.
Maintains up-to-date knowledge and skills sets relevant for ML, TF, sanctions and other regulatory matters to perform complex investigations. Develops ML/TF awareness training addressing trends and changes in money laundering topographies.
Education / Experience
University degree or equivalent and a minimum of 5 years' experience in AML disciplines. In addition,
Extensive knowledge of significant and relevant AML laws and regulations, particularly related to investigations
Strong investigative skills and understanding of financial transactions
Demonstrated expertise leading ML/TF investigative functions at senior levels, including exercising sound judgment as to the materiality of risks where identified
Excellent writing, presentation, and analytical skills
Prior experience, organizational knowledge and leadership skills within a comparable team size or workload complexity
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.