Director, Client Risk Management, Business Risk Management

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

Scotiabank’s International Banking division is a diverse and dynamic network that provides financial advice and solutions to more than 12 million retail, corporate, and commercial clients. With a presence in over 15 countries—including Mexico, Chile, Peru, Colombia, Brazil, Uruguay, and key markets across Central America and the Caribbean—our footprint offers unparalleled connectivity within the North American corridor. These regions feature favorable demographics and present significant opportunities to expand banking penetration and deliver innovative solutions.

Purpose Leads and oversees AML/ATF Sanctions, Business Risk Management in International Banking ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures. Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Provides strategic direction, leadership and oversight for 1st line Anti-Money Laundering programs in International Banking, including controls, systems and processes that support effective AML/ATF execution across the business line.

What You’ll Do:

Ensures business line AML/ATF programs cover all aspects of the Bank’s 1st line of defense within a three lines of defense oversight model including ongoing monitoring from both a process and systems perspective

Understand and maintain awareness of the local and global AML regulations, Enterprise-wide AML/ATF & Sanctions policies and standards, as well as international standards and industry leading practices

Working with the Business Lines to develop, maintain current and implement local AML/ATF & Sanctions procedures and controls based on the Global Standards, incorporating local regulatory requirements

Champion for the country’s AML program and ensuring its effectiveness, being responsible for supporting the governance framework, providing support to business lines through escalations, monitoring program breaches or gaps, reviewing controls as required and developing procedures to monitor and report the effectiveness of the AML Program in the countries

Management of the exceptions to policy/standards and required Delayed Implementations (Management Self-Identified) at a divisional level. • Responsible for the oversight and support of the IB AML and Sanctions program

Responsible for the divisional execution of the EMRA/ESRA annually ensuring 100% coverage of assessable units/business lines and control units

Accountable for the 1st Line of Defense execution and roll out of the AML RCM (Regulatory Compliance Management) program for International Banking

Responsible for the facilitation and execution of AML Training Plans (TP) including the tracking and reporting to Executive forums

Responsible for the facilitation and execution of the AML Third Party Risk Management standards

Responsible for the execution of the executive reporting for NIASRA, TP and TPRM

Work with multiple local stakeholders to gather different perspectives on AML and assess impact on the country’s operating model, providing feedback to AML Advisory group (in Toronto)

Ensures AML/ATF procedures and controls are consistent with best practice, adhered to by the business lines, and enable identification, assessment and control of AML/ATF risks across clients, products, services and countries

Identifies and remediates business line AML/ATF program deficiencies through risk-based remediation plans and reporting to Executive Management and the CAMLO

Understand and maintain awareness of the Issues Management standards, and procedures

Responsible for the curation and mapping of AML Issues (Regulatory/Audit/MSI) to ensure alignment with the Enterprise Policy/Standards and IB Issues Management Standards

Accountable for the roll up reporting per country on Issues Management for Executive Forums

Responsible for Business Risk Management Executive reporting and escalations regarding First Line AML Controls, including, but not limited to Group Head briefings; CRC materials; IB AML Program Committee

Ongoing interaction with the Business Lines, AML Advisory (2L), local EDDU, local AML Officers

Participation, support and challenge in AML in Country/Regional Committees

Act as liaison with the 2nd Line and 3rd Line to develop and implement AML initiatives processes to achieve balance between operational efficiency and customer experience while in compliance with Policy and regulatory requirements

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

Creates an environm