Director, Financial Crimes Risk Management (fcrm) Finance Job in Toronto for Scotiabank |

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Director, Financial Crimes Risk Management (fcrm) Finance

November 26 2020
Industries Bank, Insurance, Financial services
Categories Accounting, Finance, Bank, Insurance, Financial services, Credit, Risk, Forensic accounting, Fraud, Management, Administration
Toronto, ON

Requisition ID: 92402

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


The Financial Crimes Risk Management (FCRM) (formerly Anti-money laundering, or “AML”) Finance team oversees the financial planning, reporting and analysis of the operating expenses for all areas within Financial Crimes Risk Management (FCRM), including Anti-money laundering (AML). The Director of the team is responsible for supporting the VP, GRM Finance, to provide financial advice for the FCRM Program and support to the EVP, FCRM and the FCRM leadership team while setting the strategic and operational direction for the supporting FCRM Finance team. The Financial Crimes Risk Management (FCRM) Program consists of the FCRM project portfolio and business as usual (BAU).
The incumbent strives to build trusted stakeholder partnerships, oversee resource management of their unit, provide strong team leadership to motivate and develop the team, and foster a customer and results focused team.

Key Accountabilities:

  • Stakeholder Relationship Management
    • Develop and sustain strategic relationships with key stakeholders, including Financial Crimes Risk Management (FCRM) management team, FCRM Governance & Planning Office, FCRM PMO, FCRM Technology, and business line DPMO’s, to enable them to deliver on their mandates effectively and efficiently, and to provide transparency to the business line finance teams
    • Financial advisor to FCRM management & partners by providing analysis and support to enable them to make informed decisions pertaining to the impact of budget planning, forecasting and potential cost reduction activities, as well as the ongoing management of their business’ operations which have a financial impact.
    • Maintain strong relationships with Business Line finance teams, providing regular reporting / updates re: FCRM P&L actuals / forecast / plan
  • Financial Crimes Risk Management (FCRM) AML Project Portfolio
    • Portfolio Management, Reporting, & Analysis:
      • The portfolio management, reporting, and analysis mandate includes the following:
      • Manage the Financial Crimes Risk Management (FCRM) Project portfolio budget planning and reporting process, including planning, consolidation, analysis, and reporting of budgets and actuals on a quarterly and annual basis
      • Analyze and track the Financial Crimes Risk Management (FCRM) SIP pool, including 1x spend and operating expense (ongoing and amortization), and tracking impact of approvals
      • Provide regular FCRM project portfolio financial reporting to FCRM management team, and business line finance teams / DPMO’s
      • Maintain a portfolio of SIP submission and business case data via CA PPM, and working with Project Controls to act as finance gatekeeper for FCRM Project Portfolio in CAPPM
      • Working with CPMO to provide necessary Financial Crimes Risk Management (FCRM) reporting for SIP committee
      • Provide other reporting as necessary, e.g. Board / Risk Committee / Opco updates
    • Business Case Review:
      • Provide value-add analysis and recommendations on the Bank’s strategic, technology and operational investments, identifying opportunities for savings and driving effective expense management for business case and project spending across the enterprise
      • Validation for alignment to the SIP approved funding for all projects approved through SIP Committee
      • Ensure benefits tracking commitments are in place, reasonable, and feasible
    • Project Governance:
      • Working in close partnership with the Financial Crimes Risk Management (FCRM) Governance & Planning Office (GPO), and the FCRM Project Management Office (PMO) to provide financial oversight and governance to ensure projects follow the Bank’s approval and expense policy, follow idea and business case development guidelines, ensuring alignment with the Bank’s Enterprise Delivery Framework during and after execution
  • Financial Crimes Risk Management (FCRM) Business as Usual (BAU) Budgets & Reporting
    • Lead and oversee the expense management process for Financial Crimes Risk Management (FCRM). Activities include: planning, forecasting, reporting & analysis, testing for reasonability and reporting of actual spending against budgets on a monthly, quarterly and annual basis
    • Oversee reporting, analysis and commentary for Financial Crimes Risk Management (FCRM) on quarterly results and variances for inclusion in the Quarterly Financials (BlueBook).
    • Ensure expense management discipline and alignment to Bank expense policies
    • Develop and provide governance over the standard for Support group allocations and simplify methodologies and processes to obtain key information without creating complexity
  • Leadership & Employee Engagement
    • Developing and executing meaningful employee development plans; motivating and contributing to the development of subordinate/team performance in current job and for future opportunities;
    • Recognizing subordinate/team development needs and taking an active role in addressing gaps; exhibiting self-awareness around one’s own impact on the team and when necessary, adjusting leadership and motivational qualities to maximize subordinate/team performance;
    • Facilitating a result and customer focused culture with strong performance orientation and open communication; encouraging the generation of new ideas and approaches;
    • Integrate Pulse survey results to continually improve and leverage team performance/ satisfaction, and raise employee engagement.

Experience / Education:

  • University Degree in Business or similar discipline
  • MBA, CA, CPA, CMA, or equivalent an asset.
  • 5-7 years of relevant and progressive experience
  • A results-oriented individual who is able to lead change, with high self-awareness and strong interpersonal, communication (verbal and written), and problem-solving skills
  • Demonstrated leadership skills and ability to coach a team of financial professionals.
  • Strong analytical skills with the perspective of seeking opportunity for improvement
  • Ability to sustain a broad-based knowledge of the Bank's and Corporate Functions’ strategy, operations, policies and procedures, including Bank’s project management policy and procedures
  • Ability to multi-task effectively
  • Experience in managing analytical and operational processes
  • Ability to convey critical financial information to non-finance Executives
  • Ability to understand and support the needs of various Financial Crimes Risk Management (FCRM) areas while balancing the need of Finance to support cost containment/reduction

Location(s): Canada : Ontario : Toronto

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

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.