Director, Enterprise Lead of Digital Assets, AML

About the role

This Director role focuses on establishing and maintaining robust AML risk governance specifically for digital asset products. The work involves creating oversight mechanisms to ensure all digital asset activities adhere to established risk standards and comply with global regulatory requirements. A key part of the role is to develop and refine AML policies tailored to the unique aspects of digital assets, ensuring the bank's operations remain secure and compliant in this evolving space.

The successful candidate will lead financial crime risk assessments related to cryptocurrency and collaborate with intelligence and analytics teams to track emerging trends. This position requires providing strategic AML advisory to various business stakeholders, guiding them on best practices for managing digital asset risks. The Director also acts as a primary liaison for regulators and internal control functions, representing the bank's approach to digital asset AML.

Success in this position means effectively integrating digital asset operations within Scotiabank's broader risk framework, ensuring that new products and services in this area are introduced with appropriate controls. It also involves driving enterprise-wide expectations for financial crime control, fostering a consistent and secure operating environment across the organization. The role demands a proactive approach to risk management, adapting to the rapid changes in the digital asset landscape.

The annual salary for this Director position is listed between $126,000 and $350,000.

Skills that matter here

• AML: This role requires extensive experience in Anti-Money Laundering to design and implement risk governance for digital assets.
• financial crime compliance: The position involves leading financial crime risk assessments and ensuring compliance within the digital asset space.
• risk management: A core responsibility is to advise on and establish oversight mechanisms for risk management related to digital assets.
• digital assets: Strong knowledge of digital assets, including the cryptocurrency ecosystem, is essential for developing relevant policies and controls.
• governance exposure: The role involves leading the design and implementation of AML risk governance frameworks for digital assets.
• VASPs: Understanding Virtual Asset Service Providers is crucial for assessing risks and developing compliant policies.

Who this role suits

• A person who thrives on establishing new frameworks and policies in a rapidly evolving area.
• Someone with a strong background in financial regulations and a keen interest in the digital asset landscape.
• An individual who excels at advising senior stakeholders and acting as a primary point of contact for external regulators.
• A leader capable of driving enterprise-wide initiatives and collaborating with technical teams on monitoring solutions.

From the employer

• Lead the design and implementation of AML risk governance for digital asset products.
• Establish oversight mechanisms to align digital asset activities with risk standards.
• Advise on risk management related to digital assets.
• Develop and enhance AML policies for digital assets.
• Ensure alignment with global regulatory requirements.
• Drive enterprise-wide control expectations.
• Lead financial crime risk assessments related to cryptocurrency.
• Partner with intelligence and analytics teams to monitor trends.
• Provide strategic AML advisory to business stakeholders.
• Act as a liaison for regulators and internal control functions.

• Bachelor's degree in Business, Finance, Economics, Law, Risk Management, Data/Technology, or related field.
• Certifications in blockchain/digital assets are an asset.
• Minimum 5+ years of experience in AML, financial crime compliance, or risk management.
• Experience in a senior leadership role with governance exposure.
• Strong knowledge of digital assets, cryptocurrency ecosystem, and VASPs.
• Experience partnering with technology teams on monitoring tools.

• Flexible benefit programs supporting family, financial, physical, mental, and social health needs.
• Inclusive and accessible environment for all employees.