Home Jobs Manager, Compliance and AML Data
Back to Jobs

Manager, Compliance and AML Data - Job Opportunity at Scotiabank

Toronto, Canada
Full-time
Senior
Posted: June 2, 2025
On-site
CAD 95,000 - CAD 125,000 annually, reflecting the specialized nature of compliance data management in major Canadian banking institutions, the requirement for advanced technical skills combined with regulatory knowledge, and Scotiabank's position as one of Canada's Big Six banks offering competitive compensation packages

Benefits

Comprehensive performance-based bonus structure that rewards individual and team achievements, providing direct financial incentives tied to measurable outcomes
Employee Share Ownership Program offering equity participation in one of Canada's largest banks, creating long-term wealth building opportunities and alignment with company performance
Pension Plan Matching that amplifies retirement savings through employer contributions, providing significant long-term financial security beyond industry standards
Day-one health benefits coverage eliminating waiting periods and ensuring immediate access to medical, dental, and wellness programs
Enhanced work-life balance initiatives including flexible scheduling, team building events, and community engagement opportunities that support personal well-being and professional networking
Structured career development programs with clear progression pathways, mentoring opportunities, and skills enhancement training that accelerate professional growth
Access to Scotiabank's extensive learning and development resources, including leadership training, technical certifications, and cross-functional exposure across one of the Americas' leading financial institutions

Key Responsibilities

Drive customer-centric culture transformation by deepening strategic client relationships and leveraging Scotiabank's comprehensive banking ecosystem to deliver integrated compliance solutions that enhance client experience while ensuring regulatory adherence
Lead operationalization of enterprise-wide Compliance and AML Data initiatives, ensuring seamless integration of data requirements across business units while maintaining strict adherence to Bank Data Policy and Standards, directly impacting regulatory compliance effectiveness
Execute end-to-end management of critical data initiatives including comprehensive data profiling, quality assessment, and root cause analysis that directly supports the bank's risk management framework and regulatory reporting accuracy
Collaborate with senior stakeholders and technology partners to design and implement data enablement strategies that align with business requirements, ensuring scalable and efficient compliance data infrastructure
Conduct advanced data analysis supporting Compliance and AML stakeholders in evaluating new projects and implementations, providing insights that inform strategic decision-making and risk assessment
Spearhead mobilization of Compliance and AML Data domains through systematic implementation of data governance activities, including identification and registration of critical data elements that form the foundation of the bank's compliance monitoring
Design and validate comprehensive Data Flow Diagrams and Data Lineage documentation that ensures transparency and traceability of compliance data across all systems and processes
Define and implement robust data quality controls and issue management processes that proactively identify and resolve data integrity challenges, maintaining the reliability of compliance reporting
Lead various data testing initiatives including Quality Assurance Testing, Business Acceptance Testing, and Post Implementation Validation, ensuring all compliance systems meet regulatory standards and business requirements
Facilitate Data Working Group meetings with senior Business Process Owners and Data Custodians, driving cross-functional collaboration and ensuring alignment on data governance priorities
Develop and maintain data exception reporting processes and visualization dashboards that provide real-time insights into compliance data quality and enable proactive issue resolution
Support audit closure activities by planning and executing required tasks, ensuring timely resolution of regulatory findings and maintaining the bank's compliance standing
Analyze compliance data and key risk indicators to identify patterns and insights that enhance the bank's risk management effectiveness and reduce overall compliance risk exposure
Mentor and develop team members through knowledge transfer and training initiatives, building organizational capability in data governance and compliance analytics
Ensure enterprise-wide compliance with data management policies through close collaboration with the Enterprise Data Office, maintaining consistency and standardization across all data initiatives

Requirements

Education

University degree in Computer Science, Economics, Finance, or any related field

Experience

Minimum of 5 years of experience working in complex data solutions, preferably in Financial Institutions

Required Skills

Understanding of data governance and data quality concepts and processes such as Authoritative Data Sources, Master and Reference Data, Data Lineage, Metadata, Data Flows, Data Issues Management Strong ability to communicate with stakeholders across functions, business units, IT, Ops, executives Experience with strategic influencing and education of cross-functional stakeholders regarding the value of data governance Extensive working experience with data including conducting data analytics, proof of concepts, and Data Quality issues investigation Strong technical skills including +5 years working experience with SQL, Python, R, and Power BI Previous working experience in AML and/or Compliance is preferred Proficient in Microsoft Office including Excel and PowerPoint Excellent design and delivery capabilities Must be curious, proactive, results-oriented, customer-focused, and attentive to detail Previous experience as a business analyst is a plus
Advertisement
Ad Space

Sauge AI Market Intelligence

Industry Trends

The financial services industry is experiencing unprecedented regulatory scrutiny, with Anti-Money Laundering (AML) and compliance data management becoming critical differentiators. Banks are investing heavily in data governance frameworks to meet evolving regulatory requirements from bodies like FINTRAC, OSFI, and international standards, making specialized compliance data roles increasingly strategic and essential. Digital transformation in banking is driving the need for sophisticated data analytics and governance capabilities, with institutions recognizing that effective compliance data management directly impacts their ability to operate efficiently while meeting regulatory obligations. This trend is creating high demand for professionals who can bridge technical data skills with regulatory knowledge. The integration of artificial intelligence and machine learning in compliance monitoring is reshaping how financial institutions approach AML and regulatory reporting, requiring professionals who understand both traditional data governance principles and emerging technologies that can enhance detection and reporting capabilities.

Role Significance

Typically manages a team of 3-7 data analysts and specialists while collaborating with a broader compliance organization of 20-50 professionals across various compliance domains, reflecting the collaborative nature of modern banking compliance functions
This is a senior individual contributor role with significant strategic impact, requiring the ability to influence cross-functional stakeholders and drive enterprise-wide data governance initiatives. The position operates at a level where decisions directly affect the bank's regulatory compliance posture and risk management effectiveness.

Key Projects

Implementation of comprehensive data lineage mapping for regulatory reporting systems Development of automated data quality monitoring and exception reporting frameworks Cross-functional collaboration on regulatory technology upgrades and system integrations Design and execution of data governance frameworks supporting new regulatory requirements Leading data validation and testing initiatives for compliance system implementations

Success Factors

Deep understanding of both technical data management principles and regulatory compliance requirements, enabling effective translation between business needs and technical implementation while ensuring all activities meet strict regulatory standards Strong stakeholder management and communication skills that facilitate collaboration across diverse functional areas including IT, operations, risk management, and senior leadership, essential for driving enterprise-wide data governance initiatives Analytical mindset combined with attention to detail, critical for identifying data quality issues, conducting root cause analysis, and implementing sustainable solutions that enhance the bank's compliance monitoring capabilities Adaptability and continuous learning orientation, essential for staying current with evolving regulatory requirements, emerging technologies, and best practices in data governance and compliance management

Market Demand

High demand driven by increasing regulatory complexity, digital transformation initiatives in banking, and the critical importance of data governance in financial services compliance

Important Skills

Critical Skills

SQL, Python, and R programming skills are absolutely essential as they form the foundation for data analysis, quality assessment, and automated reporting that supports all compliance monitoring activities Data governance expertise including understanding of data lineage, metadata management, and data quality frameworks is critical for establishing and maintaining the data infrastructure that supports regulatory compliance Strong communication and stakeholder management abilities are vital for success, as the role requires influencing senior stakeholders across multiple business units and translating complex technical concepts into business value

Beneficial Skills

Power BI and data visualization expertise enhances the ability to create compelling dashboards and reports that communicate compliance insights effectively to senior management and regulatory bodies Previous AML or compliance experience provides valuable context for understanding regulatory requirements and business processes, enabling more effective design of data governance solutions Business analysis background supports the ability to understand and document complex business processes, facilitating better integration between compliance requirements and technical implementation

Unique Aspects

This role offers rare exposure to both domestic Canadian regulatory requirements and international compliance standards through Scotiabank's extensive Americas presence, providing valuable cross-border regulatory experience
The position combines strategic data governance leadership with hands-on technical work, offering a unique blend of executive influence and technical skill development that accelerates career growth
Working within one of Canada's most established financial institutions provides access to sophisticated data infrastructure, advanced analytics tools, and best-practice compliance frameworks that represent industry leadership
The role's focus on both AML and broader compliance data creates expertise in multiple regulatory domains, enhancing professional versatility and market value

Career Growth

Progression to senior management roles typically occurs within 3-5 years, with advancement dependent on successful delivery of major data governance initiatives, demonstration of strategic thinking, and development of broader business acumen beyond technical expertise

Potential Next Roles

Senior Manager or Director of Compliance Data and Analytics Head of Data Governance for Financial Crimes Chief Data Officer roles focused on regulatory compliance Senior Risk Management positions with data specialization Consulting roles in financial services compliance and data governance

Company Overview

Scotiabank

Scotiabank is one of Canada's Big Six banks and a leading financial institution in the Americas, with over 190 years of history and operations across more than 50 countries. The bank serves approximately 25 million customers globally and maintains a strong focus on digital transformation, risk management, and regulatory compliance, making it an ideal environment for compliance and data professionals.

As the third-largest bank in Canada by assets and a significant player in Latin American markets, Scotiabank offers exceptional stability, growth opportunities, and exposure to diverse regulatory environments, providing valuable experience for compliance professionals seeking to work with international banking standards
The Toronto location places this role at the heart of Canada's financial district, providing access to the bank's headquarters operations, senior leadership, and strategic decision-making processes that shape compliance and data governance across the organization's global operations
Scotiabank emphasizes a purpose-driven, inclusive culture with strong commitments to employee development, work-life balance, and community engagement, creating an environment where compliance professionals can build meaningful careers while contributing to the bank's mission of helping customers achieve financial success
Advertisement
Ad Space
Apply Now

Data Sources & Analysis Information

Job Listings Data

The job listings displayed on this platform are sourced through BrightData's comprehensive API, ensuring up-to-date and accurate job market information.

Sauge AI Market Intelligence

Our advanced AI system analyzes each job listing to provide valuable insights including:

  • Industry trends and market dynamics
  • Salary estimates and market demand analysis
  • Role significance and career growth potential
  • Critical success factors and key skills
  • Unique aspects of each position

This integration of reliable job data with AI-powered analysis helps provide you with comprehensive insights for making informed career decisions.