Dante Renato Raffo I Mba L Cams L Fiba Email and Phone Number
AML Director with 15+ years of experience in enhancing compliance frameworks within top-tier banks like Scotiabank and American Express. Specializing in AML Governance, Operations, and Regulatory Analysis I help transform regulatory requirements into enterprise-wide processes and implementations ensuring adherence to Canadian and international AML laws and regulations. FATF Mutual Evaluator.Career Highlights:🌍 Enterprise-Wide AML Strategy:Led the development and successful implementation of an AML program across 100+ units, achieving a 100% completion rate within stringent deadlines and 95%+ accuracy.🏆 Audit Excellence:Secured a Satisfactory audit rating for the Enterprise Customer Risk Rating (CRR) Program, managing a substantial budget of C$9MM and leading a high-performance team.💡 Process Optimization:Streamlined AML operations by reducing escalations by 75%, from 60 to 15 monthly, through training and SOPs, increasing the team's capacity to handle higher-priority STRs with improved quality.🚀 Accelerated Implementations:Led implementation of 30+ initiatives in 2023 (100% increase from 2022) by leveraging analytics to enhance the CRR model's ability to identify high-risk clients.🕵️ Investigations Leader:Conducted 230+ AML investigations across Canada’s corporate, merchant, and consumer businesses, maintaining 100% adherence to 30-day STR submission standards.
Scotiabank
View- Website:
- scotiabank.com
- Employees:
- 62849
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Customer Risk Rating (Crr) DirectorScotiabank Nov 2021 - PresentToronto, CanadaDirector of the Enterprise Client Risk Rating (CRR) Program. Responsible of the development, prioritization, and execution of a strategic regulatory program. CRR is comprised by a set of factors: data (customer data/ transactions, including payments), systems, models, and applications designed to enable the process of AML customer risk rating. Scope: Canada, Latin America and the Caribbean.Learnings The importance of cross functional collaboration CRR is comprised of multiple factors (risk, data, models, technology, operations). Each factor represents a team. In order to create a meaningful output, all these teams need to work in an orchestrated way, with active participation and a sense of ownership. The importance of keeping an open mind Listening and asking meaningful questions. Listen, understand, question, provide your point of view and repeat the cycle. The objective is to work with stakeholders to create something together, considering different points of views, and experiences: this approach helps a project to be seen as something belonging to them.The importance of active learningIf you are starting up in a new discipline, make sure you allocate time to actively learn. It is not only learning the theoretical aspect, but it is applying those concepts into your daily interactions.
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Business Delivery DirectorScotiabank Aug 2020 - Nov 2021Toronto, CanadaResponsible of the design and implementation of the Governance function for the Business Delivery Office. This includes setting up an Issues Management process, BAU standards as it relates to business process, operational/ audit readiness, training & change management, metrics/ reporting, Risk Assessments & Regulatory Compliance Management, and an annual program maturity review and refresh.LearningsThe value of experience My direct reports had banking/PMO experience but no AML knowledge. I brought the AML/Risk Management expertise; they brought their experience to support in the execution. We accomplished multiple issues’ closures and stood up/ formalized multiple processes. The importance of meaningful communication In order to develop team alignment it is important to have a vision & provide good explanations, repeat the message multiple times, learn to differentiate spaces, tailor your speech to the audience and understand that for each situation we must stop, observe and develop a strategy to ensure that our objectives are met.
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Ml/ Sanctions Enterprise Risk Assessment DirectorScotiabank Apr 2017 - Aug 2020Toronto, CanadaResponsible for the implementation and execution of the ML/Sanctions Risk Assessment Program across of more than 100 business and control/operational units located in Canada, Asia, Europe, Caribbean and Latin America.LearningsThe importance to gain trust from your direct reportsIn the span of 6 months, I hired a multidisciplinary team of 10 professionals, representing Scotiabank’s footprint. We had to come up with a risk assessment exercise and report. I trained them in the methodology and process; and were gradually engaged into the execution. I gave them autonomy and listened to their feedback. Results: high employee engagement, strong collaboration and support between the team. Actions reveal more hidden potential than wordsWe had to influence, mobilize, and get people who were not used to doing things together, to start coordinating in order to achieve a Regulatory requirement. Improvements were noticeable year over year. As part of the evolution of the Program, we implemented an approach to collect data and information into a centralized repository to aggregate and extract patterns and build the risk assessment report.
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Aml Compliance & Ethics ManagerAmerican Express Apr 2015 - Apr 2017Toronto, CanadaManaged the American Express Canada end to end AML program, with mandate to oversee and/or execute the Name Screening (PEPs and Sanctions), KYC (customer risk and customer refresh) and Transaction Monitoring (Investigations and SARs fillings) functions. Developed and implemented KRIs and conducted Regulatory analysis for Canada’s Regulatory amendments. Managed teams located in Canada and Mexico.LearningsHigh expectations are targets to reach When credible people believe in you, prove them right. I was hired for my AML expertise, and also for potential. Both my two VPs and my direct manager believed in me. First time working in a heavily matrixed organization in Canada, with teams in Mexico indirectly reporting to me and directly managing experienced professionals in Canada. In two years, we were able to improve the quality of SARs narratives, were more productive in adjudicating name screening alerts, proactively identified sanctions exposure of some customers, conducted AML regulatory analysis and improved reporting.
Dante Renato Raffo I Mba L Cams L Fiba Education Details
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Master Of Business Administration - Mba -
Enterprise Risk Management, School Of Continuing Studies -
Economics
Frequently Asked Questions about Dante Renato Raffo I Mba L Cams L Fiba
What company does Dante Renato Raffo I Mba L Cams L Fiba work for?
Dante Renato Raffo I Mba L Cams L Fiba works for Scotiabank
What is Dante Renato Raffo I Mba L Cams L Fiba's role at the current company?
Dante Renato Raffo I Mba L Cams L Fiba's current role is Director, AML Risk & Operations | Banking & Finance | Enterprise Program Implementation, Risk Assessment, Regulatory Compliance | Doubled Client Risk Rating (CRR) implementations in 2023, managing a budget of $9MM.
What schools did Dante Renato Raffo I Mba L Cams L Fiba attend?
Dante Renato Raffo I Mba L Cams L Fiba attended Ivey Business School At Western University, University Of Toronto, Universidad De Lima.
Who are Dante Renato Raffo I Mba L Cams L Fiba's colleagues?
Dante Renato Raffo I Mba L Cams L Fiba's colleagues are Mehnaz Noor, Isis Godoy Medina, Selina D, María Del Rocio Pavón Gurrola, Carolina Ciprian, Angie Millson, Raya Rosales Juan Pedro.
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