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Associate Director, GBM – AML/ KYC Advisory and Controls Europe 1BAML

Job ID 99602 Jun. 10, 2019 London, United Kingdom

Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace
Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.


Leads the Client Onboarding team and drives continuous improvement in operational effectiveness and efficiency. Contributes to the overall success of the Europe GBM Onboarding by providing subject matter expertise on AML, KYC and Sanctions to the onboarding team and business, assessment of high risk matters escalated for review and supporting adaptation and roll out of new policies and regulations. Ensure a robust risk framework by conducting regular Quality Assurance reviews, overlaid by targeted Training. Review any high and AHR customers. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.


Contributes to a positive risk culture and ensures day-to-day activities and decisions are undertaken in accordance with the Bank’s risk appetite.

Pursue effective and efficient operational delivery, applying day-to-day procedures and business controls with respect to operational risk, regulatory AML/KYC /Sanctions risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory AML Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.

Provide accurate and timely expert AML, KYC and Sanctions advice to GBMO onboarding team to support their effective completion of GBM KYC CDD/EDD processes.

Review the EDD/Specialized-EDD processes completed and escalate to the Director 1B AML for approval including for high-risk/auto high-risk clients

Assess requests from 1A for exceptions or waivers to procedures and provide approval (if delegated by the Director 1B AML) or support escalation for approval.

Support development and delivery of effective AML, KYC and Sanctions training to business lines and GBMO staff.

Support the Director 1BAML in the timely management and completion of all governance processes in accordance with enterprise procedures and reporting requirements, including delegation of the Director 1BAML duties as required.

As directed, represent the department and undertake additional projects to support implementation of changes to enterprise AML/KYC/Sanctions policies and procedures as well as regulatory requirements across Europe.

Conduct QA reviews to support the QA Associate, incorporating targeted testing in accordance with approved schedule and communications protocol.

Represent 1BAML in various regional and global committees and expectation to own and meet deliverables.

Provide leadership, day to day people oversight, and workload management for the client onboarding staff.  Support in the recruitment, management, and ongoing development of both full-time and temporary staff regionally. 

Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision/ values/ business strategy and managing succession and development planning for the team.


Bachelor’s degree, preferred.

Solid KYC/AML/Sanctions role, with experience in undertaking research and investigation of high-risk clients.  Preference for direct industry experience in the Capital Markets and Corporate/ Investment Banking regulatory due diligence, having covered multiple product areas. 

The incumbent must have strong background and expertise of current and anticipated regulatory frameworks impacting client onboarding- namely, evolving regional and global KYC/ AML standards, OTC reforms, and tax regulations.

Superior working knowledge of local and regional KYC/AML requirements, regulatory expectations and industry practices. Familiarity with wholesale/commercial banking businesses and products.

Strong communication (written and oral), interpersonal, analytical and problem-solving skills.

Team player with good organizational skills to deliver on various projects and assignments and to prioritize workload to meet deadlines.

Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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