Director, U.S. AML Audit - Scotiabank : Job Details

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

The Director of U.S. Anti-Money Laundering (AML) Audit is a member of the U.S. Audit Management team and is responsible for leading a team of auditors, effectively overseeing all audit activities across U.S. AML, and serving as an interface with U.S. AML Leadership.

The incumbent is responsible for determining, and has overall ownership over, the audit universe, plans, coverage, and strategy, assessing and opining on remediation of issues and the control environment across U.S. BSA/AML and KYC Onboarding, supporting the assessment of AML regulatory risk and related controls in other areas, and ensuring that all audit activities across their team are conducted in AML with regulatory requirements and internal policies and procedures.

The incumbent should have extensive knowledge of AML, be proficient in applying risk-based auditing standards, practices, and techniques, and demonstrate a strong working knowledge of the U.S. regulatory environment and emerging risks.

What You'll Do

• Audit Portfolio: Identify systemic and emerging issues and strategic changes planned / undertaken by AML stakeholders that will impact their portfolio and the audit plan.
• Contribute to, prepare, and present audit reports to Management Committee(s), regulators / examinations, and stakeholder meetings.
• Manage the Annual Planning and Risk Assessment process across their audit portfolio.
• Effectively utilize the full capacity of their team(s) and adequately plan and schedule dates that enable successful and on-time delivery of audit commitments.
• Review and approve audit issues to confirm that internal control weaknesses and root causes are identified, properly defined, documented, and reported.
• Audit Reports and Memos across their audit portfolio are written to a consistent high standard of quality.
• Maintain a thorough understanding of the business, regulatory risks, key current technologies and processes for assigned areas.
• Direct day-to-day activities across their team in a manner consistent with the Bank's risk culture.
• Monitor team conformance with audit methodology and quality assurance requirements standards are met on all assignments.

Stakeholder Relationships:

• Lead and drive a customer focused culture at all levels of their team.
• Develop and maintain effective communication and engagement with internal and external stakeholders.
• Build credibility and a strong relationship with the various regulators in the U.S.

Human Resource Management:

• Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates the team.
• Be proactive in identifying and owning responsibility for leading change within Audit.
• Prepare/review (for direct reports) periodic and annual performance self-assessments.
• Manage recruiting, interviewing, selection, and onboarding of audit staff.
• Manage self-development by confirming job expectations and developing a personal development plan.

What You'll Bring

• 12+ years working in AML, Internal Audit, Risk and Control, Regulatory and/or related experience.
• Strong working knowledge and experience over AML, including the U.S. regulatory environment.
• Internal or external audit background.
• Excellent written communications skills are essential.
• Prior audit experience and highly proficient at applying risk-based auditing standards, practices, techniques, processes and methodologies.
• Strong knowledge of banking and the financial services industry.
• Knowledge of data analytics tools, Word, Excel, PowerPoint / presentations, and audit software.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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.

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.