Director, Sales and Client Risk Management

Scotiabank

Position: Director, Sales and Client Risk Management, Global Transaction Banking (GTB)

Purpose The Director, Sales and Client Risk Management (GTB) is a key member and contributor to the overall success of the Global Transaction Banking (GTB) Internal Control and Anti-Money Laundering (AML) program. This role has primary responsibility for contributing to the strategic direction and AML risk management of the Global Transaction Banking group, with a specific focus on partnering with Sales and Client teams. The director supports the implementation of the operational risk framework tools, providing business support and oversight across GTB sales and client services related activities, ensuring reliable AML risk management controls are in place in keeping with the various Enterprise AML Risk Policies and Processes. The role also leads strategic AML related projects, acting as Internal Control representative on working groups to ensure GTB is in compliance with all regulatory AML related issues and financial regulatory reporting.

Accountabilities

• Provides strategic direction, leadership, and oversight for 1st Line Non-Financial Risk Management Programs across GTB, with a focus on Sales and Client Services. This includes Operational Risk, Third Party Risk Management, Privacy, and Regulatory Compliance.
• Supports the Risk & Control Self-Assessment (RCSA) program, including scope review of significant sales and client services related business units and processes, data gathering, and monitoring and coordination of remediation action plans.
• Partner with and provide ‘sounding board’ guidance to the applicable business lines, technology groups and control and support units to ensure new initiative sponsors assess risks appropriately through the NIRA process.
• Ensure Key Risk Indicators for GTB and significant units are updated, documented and applicable thresholds justified through rationales for top applicable operational risks.
• Participate in Scenario Analysis through documentation and research of relevant internal and external operational loss events.
• Provide guidance to contract owners on TPRM requirements including completing Inherent Risk Questionnaire and applicable due diligence.
• Provide support for Enterprise Regulatory Compliance Management (eRCM) program by reviewing regulatory obligations identified by Regulatory Compliance, mapping relevant regulations to the appropriate GTB business units, and working with those units to identify relevant controls to address regulatory obligations.
• Review Assessable Units and Assessable Categories (AUACs) as required by Global Compliance to ensure applicability. Assist units in completing CRCA questionnaires. Identify Major Change Events that would impact the responses to those events, and provide effective challenge to CRCA responses.
• Provide expert oversight and direction to GTB business lines on matters related to AML compliance and Sanctions, leveraging Enterprise and GBM AML Risk as necessary. Advice on regulatory compliance matters for new regulations, organizational developments, new products, services and initiatives, in tandem with AML, Legal, and Risk/Control departments.
• Play a key role in the development and roll-out of both tactical/strategic process changes and long-term solutions related to GTB’s AML controls. Represent GTB in key working groups across the bank in the development of new and amendments to existing AML and Sanctions Risk Management Policies.
• Provide subject matter expertise in the structuring and rollout of new AML requirements and process