Manager, Fiu / Siu (Transaction Monitoring Case Investigations)

Requisition ID: 178970

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

Purpose

Supervises and manages a designated team(s) within the Financial Intelligence Unit (“FIU”) or the Special Investigation Unit (“SIU”) to ensure the delivery of clearly reasoned findings and actions associated with FIU / SIU investigations, along with the timely disposition of such investigations. Ensure all activities conducted comply with governing regulations, internal policies and procedures.

Plans, co-ordinates, and investigates potential Money Laundering (“ML”), Terrorist Financing (“TF”), or other matters related to FIU / SIU cases referred by team members, internal FIU / SIU, and Bank partners.

Executes the operational processes, and maintains quality performance, for the Bank’s day-to-day special investigations teams, including timely investigations and proper regulatory reporting. Consistently delivers clearly reasoned, rational, and timely outcomes, findings and actions associated with FIU / SIU investigations, thereby mitigating potential financial, regulatory, reputational and legal risk to the Bank.

Key Accountabilities

• Creates an environment in which his/her team pursues effective and efficient operations of his / her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML / ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML / ATF Global Handbook and the Guidelines for Business Conduct.
• Prepares materials and delivers investigative results to the appropriate staff, including identification of trends and areas for improvement.
• Supports, mentors and coaches team members for on-going professional development to ensure that individuals and collective team knowledge is current and comprehensive to support the investigation process and to ensure that outcomes, including decisions and recommendations are based on a thorough understanding of risk and made in the context of relevant and full knowledge.
• Recommends risk mitigation actions and next steps at the conclusion of FIU / SIU investigations.
• Understands and applies the Bank’s risk appetite and risk culture in day-to-day activities and decisions.
• Communicates regularly with team members to identify challenges and obstacles related to the team’s objectives.
• Prioritizes and manages investigations conducted by the FIU / SIU team, including monitoring performance and meeting established benchmarks.
• Monitors the FIU’s timely reporting of suspicious transaction reporting (“STR”) and other required AML / TF filings to the proper regulatory authority, in accordance with regulations.
• Maintains up-to-date knowledge and skills sets relevant for AML, TF, sanction and other regulatory matters to perform FIU / SIU investigations.
• Provides coaching, feedback and recommends actions regarding FIU / SIU investigations, as appropriate. Mentors the investigative teams and manages resources required to complete investigations.
• Identifies and suggests AML / ATF awareness training needs to discuss trends and changes in money laundering typologies.
• 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.
• Ensures High Risk customers including but not limited to potential PEPs/PEFPs, Sanctions are referred as appropriate to internal partners (e.g., EDDU, Global Sanctions, etc.).
• Establishes and monitors team goals and objectives to manage workload and performance.
• Apprises and advises senior personnel regarding on-going investigations and findings.
• Shares subject matter expertise and provides specialized advice, guidance and direction to team members on money laundering, financing of terrorism and other related issues as they pertain to investigative work.
• Reviews, approves and prepares investigative reports, along with related documents.

Experience / Education

• Good interpersonal and communication skills.
• Certified Anti-Money Laundering Specialist (CAMS) designation is an asset.
• Demonstrated ability to exercise sound judgment as to the materiality of risks were identified.
• Proven ability in determining required risk mitigation activities with appropriate consideration to the impact to the business line.
• Demonstrated expertise in ML / TF investigations.
• Bachelor’s degree (University Degree) or equivalent with a minimum of 3 years of experience in AML and / or risk disciplines. In addition,
• Exemplary integrity and ethics in all instances.
• Knowledge of local and relevant international AML laws and regulations.
• Strong writing and analytical skills.
• Uses an analytical approach to problem solving, with a focus on managing a team environment coupled with attention to results and a sense of urgency.
• Ability to communicate in French and/or Spanish is an asset.
• Strong investigative skills and understanding of financial transactions with AML investigative technology experience.

Location(s): Canada : Ontario : Toronto

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.