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Manager, Compliance and AML Data Governance - Job Opportunity at Scotiabank

Toronto, Canada
Full-time
Senior
Posted: June 23, 2025
On-site
CAD 95,000 - CAD 130,000 annually, reflecting the senior-level responsibilities, specialized skill requirements combining technical and compliance expertise, and Scotiabank's position as a major Canadian financial institution. The role's focus on AML compliance and data governance typically commands premium compensation due to regulatory criticality and skills scarcity.

Benefits

Comprehensive performance-based bonus program that rewards exceptional delivery and strategic impact
Employee Share Ownership Program providing direct equity participation in one of Canada's leading financial institutions
Pension Plan Matching that demonstrates long-term career investment and retirement security
Premium health benefits package activated from first day of employment, ensuring immediate healthcare coverage
Enhanced work-life balance initiatives including flexible arrangements and team engagement events
Community involvement opportunities that build professional networks and corporate citizenship experience
Structured career development pathways with mentorship and progression opportunities in data governance leadership

Key Responsibilities

Champion customer-centric data governance strategies that strengthen client relationships and leverage enterprise-wide banking systems for competitive advantage
Lead operationalization of Compliance and AML Data initiatives, ensuring strategic alignment with Bank Data Policy and Standards across global operations
Drive end-to-end management of complex data initiatives, delivering projects on time and budget while maintaining regulatory compliance and quality standards
Execute comprehensive data profiling and quality assessments, conducting root cause analysis to identify and resolve critical data integrity issues
Collaborate with cross-functional stakeholders and technology partners to ensure data enablement meets stringent business requirements and regulatory standards
Provide strategic data analysis and insights to support Compliance and AML stakeholders in evaluating new projects and system implementations
Implement robust data governance frameworks including identification of critical data elements, system registration, and comprehensive documentation
Develop and validate sophisticated Data Flow Diagrams and Data Lineage mappings to ensure complete source-to-target traceability
Define comprehensive data requirements encompassing business, technical, and operational metadata to support regulatory compliance
Establish and implement data quality controls and issue management processes that proactively identify and resolve data integrity challenges
Lead comprehensive testing protocols including Quality Assurance Testing, Business Acceptance Testing, and Post Implementation Validation
Drive continuous improvement initiatives to enhance data governance process efficiency and streamline operational workflows
Facilitate strategic Data Working Group meetings with Business Process Owners and Data Custodians to ensure stakeholder alignment
Develop and maintain exception reporting processes and advanced visualizations to support business-as-usual operations and decision-making
Support audit closure activities by planning and executing required tasks to address outstanding regulatory and internal audit findings
Analyze compliance data and key risk indicators to identify patterns and insights that reduce organizational compliance risk
Mentor and develop team members, contributing to organizational capability building and knowledge transfer

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
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Sauge AI Market Intelligence

Industry Trends

Financial institutions are experiencing unprecedented regulatory scrutiny around data governance and AML compliance, driven by evolving global regulations such as GDPR, CCPA, and enhanced AML requirements. This has created substantial demand for professionals who can bridge the gap between technical data management and regulatory compliance, making roles like this increasingly critical for organizational risk management. The banking sector is undergoing massive digital transformation initiatives, with data governance becoming a cornerstone of operational resilience and competitive advantage. Banks are investing heavily in data quality frameworks, automated monitoring systems, and advanced analytics capabilities to meet both regulatory requirements and business intelligence needs. There is a significant skills shortage in the intersection of data governance, compliance, and financial services expertise. Organizations are competing for professionals who understand both technical data management concepts and the nuanced regulatory environment of banking, particularly in AML and compliance domains. Regulatory technology (RegTech) adoption is accelerating across financial institutions, creating demand for professionals who can implement and manage sophisticated data governance platforms, automated reporting systems, and real-time monitoring capabilities that support compliance objectives while enabling business growth.

Role Significance

The role likely involves leading matrix teams of 5-8+ professionals including data analysts, business analysts, and technical specialists, while collaborating with broader stakeholder groups across Compliance, AML, IT, and business units. The manager position suggests oversight of specialized data governance activities across multiple domains and projects.
This is a senior individual contributor role with significant strategic impact, evidenced by the responsibility for managing complex data initiatives, influencing cross-functional stakeholders, and contributing to enterprise-wide data governance frameworks. The role combines deep technical expertise with business acumen and regulatory knowledge, positioning it as a critical function within the organization's risk management and compliance infrastructure.

Key Projects

Implementation of enterprise-wide data governance frameworks for AML and compliance functions, including establishment of data quality standards, monitoring processes, and exception reporting capabilities Migration and modernization of legacy compliance data systems to meet evolving regulatory requirements and improve operational efficiency Development of advanced analytics capabilities for compliance monitoring, including predictive models for risk identification and automated reporting systems Cross-functional initiatives to establish data lineage and metadata management across critical compliance processes, ensuring regulatory transparency and audit readiness

Success Factors

Deep understanding of both technical data management concepts and financial services regulatory environment, particularly AML compliance requirements, enabling effective translation between business needs and technical implementation Strong stakeholder management and influence skills to drive adoption of data governance practices across diverse functional areas, from front-office business units to back-office operations and technology teams Proven ability to manage complex, multi-workstream projects with competing priorities and tight regulatory deadlines, while maintaining high standards for data quality and process integrity Continuous learning mindset to stay current with evolving regulatory requirements, emerging technologies in data governance, and industry best practices in compliance risk management

Market Demand

Very High - The convergence of increasing regulatory requirements, digital transformation initiatives, and the specialized skill set required creates exceptionally strong demand for this type of role across the financial services industry.

Important Skills

Critical Skills

SQL, Python, and R programming skills are essential for conducting complex data analysis, implementing automated data quality checks, and developing custom solutions for compliance monitoring and reporting requirements Deep understanding of data governance concepts including data lineage, metadata management, and master data management is crucial for establishing robust governance frameworks that meet regulatory standards AML and compliance domain expertise is critical for understanding regulatory requirements, designing appropriate controls, and ensuring data governance initiatives support broader compliance objectives Stakeholder management and communication skills are vital for driving adoption of data governance practices across diverse functional areas and securing buy-in from senior leadership

Beneficial Skills

Experience with advanced analytics and machine learning techniques can enhance ability to develop predictive compliance monitoring capabilities and identify emerging risk patterns Project management certification and experience can strengthen ability to manage complex, multi-workstream data governance initiatives with competing priorities and regulatory deadlines Knowledge of RegTech platforms and automated compliance solutions can accelerate implementation of modern data governance capabilities Understanding of cloud data platforms and modern data architecture can support digital transformation initiatives and improve scalability of data governance solutions

Unique Aspects

The role combines technical data governance expertise with AML compliance knowledge, a specialized intersection that is increasingly valuable as financial institutions face growing regulatory complexity and enforcement actions
Opportunity to work with international regulatory frameworks and cross-border data governance challenges, given Scotiabank's significant presence in Latin American markets with varying regulatory requirements
Access to enterprise-scale data governance initiatives across diverse business lines including personal banking, commercial banking, wealth management, and capital markets, providing broad exposure to different data governance challenges
Integration with Scotiabank's digital transformation initiatives, offering exposure to cutting-edge RegTech solutions and automated compliance monitoring systems

Career Growth

Career progression to director level typically occurs within 3-5 years with demonstrated success in large-scale data governance implementations and regulatory compliance improvements. Advancement to C-suite or head of function roles generally requires 5-8 years of progressive leadership experience.

Potential Next Roles

Director, Data Governance with expanded scope across enterprise data management and strategy development Head of Compliance Technology responsible for RegTech implementation and compliance infrastructure Chief Data Officer or Deputy CDO focusing on enterprise-wide data strategy and governance Senior Manager, Enterprise Risk Management with broader risk oversight responsibilities

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 banking experience and operations across more than 50 countries. The bank serves approximately 25 million customers globally and maintains significant market presence in Canada, Mexico, Peru, Chile, and Colombia, making it a truly international banking organization with substantial regulatory complexity.

Scotiabank ranks as the third-largest bank in Canada by market capitalization and maintains strong competitive positions in key Latin American markets. The bank's international diversification strategy and focus on the Pacific Alliance countries positions it uniquely among Canadian financial institutions, requiring sophisticated data governance and compliance capabilities to manage regulatory requirements across multiple jurisdictions.
This Toronto-based role sits at the heart of Scotiabank's Canadian operations and global headquarters, providing exposure to enterprise-wide initiatives and international regulatory requirements. Toronto's position as Canada's financial capital offers exceptional networking opportunities and access to the broader financial services ecosystem.
Scotiabank emphasizes a purpose-driven, inclusive culture with strong focus on results and high performance. The bank's commitment to digital transformation and regulatory excellence creates an environment where data governance professionals can drive significant organizational impact while developing cutting-edge expertise in financial services technology and compliance.
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