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Scotiabank

Manager, Regulatory Obligation Management, Global Compliance Operations

Location
Toronto, ON
Details
Full Time
7 days ago
Requisition ID: 152198

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The manager contributes to the success of the Regulatory obligation management Group within Enterprise Compliance Operations, by facilitating enterprise-wide oversight and governance, with respect to Regulatory obligation management activities to mitigate regulatory compliance risk. The Manager supports the Senior Manager, Regulatory Library management and acts as a trusted advisor to stakeholders across the enterprise with regard to the Regulatory obligation management Process.

Accountabilities
Leadership Support
  • Support Regulatory obligation management process, including cross-business and cross-corporate function regulatory change activities, to contribute to Global Compliance's holistic overview of the Bank's Compliance Risk exposure
  • Support regulatory compliance program
  • Promote a consistent approach globally to manage regulatory changes

Regulatory obligation management
  • Maintain and enhance the Regulatory obligation management Global Standard, Operating Procedures and other related enterprise documentation and artefacts
  • Advise and provide support to Compliance, Business Line and Corporate Function stakeholders in Regulatory obligation management while adhering to the Global Standards and Operating Procedures
  • Prepare and deliver periodic reporting materials, including relevant compliance metrics, for Compliance senior management and other relevant committees with respect to Regulatory obligation management
  • Assist Senior Manager to perform ongoing governance and oversight activities to ensure adoption, operationalization and sustainment of the Operating Procedures
  • Design, develop and deliver training materials required to operationalize and sustain Regulatory obligation management activities and processes
  • Respond to testing and audit inquiries and facilitate remediation of identified deficiencies or findings with respect to Regulatory obligation management
  • Execute independent review of Regulatory obligation management process across all business lines and corporate function to obtain assurance on program's operating effectiveness.
  • Ensure adherence across the Enterprise to standards, frameworks, processes and other governance requirements for Enterprise Initiatives, as applicable
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Support engagements with internal and external stakeholders to identify industry best practices, process and system enhancement opportunities and streamline reporting and data sharing, to support the Bank's Compliance Risk Management activities
  • Support other compliance duties and projects, as required
Relationship Management
  • Work collaboratively with peers across the enterprise and Global Compliance Management.
  • Participate in community calls, forums and meetings that will facilitate operationalization and awareness of regulatory obligation management process
  • Build and foster effective relationships and working collaboratively with business management, project teams, first line of defense, corporate functions and other stakeholders on Enterprise Initiatives
  • Effectively liaise with cross-functional and cross-jurisdictional business partners to ensure the timely execution and completion of the initiatives or specific regulatory deliverables.
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Others
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
Skills
  • Must have - Bilingual- English and Spanish
  • Legal background
  • Regulatory interpretation
  • Excellent problem solving, analytical, research and influencing skills
  • Strong relationship management, communication and interpersonal skills
  • Self-starter with excellent time management skills and proven track record of meeting deliverables
  • Strong written and verbal skills to prepare documentation, deliver presentations and interact effectively with business lines and other departments

Education / Experience / Other Information
  • BA or Postgraduate degree or LL.B with a minimum of 3 years of direct managerial experience in Regulatory Compliance, Legal, Audit or Risk Management in a global bank with complex geographic structure, with the following skills and attributes:
  • Ability to interpret local and global rules and regulations and to independently assess the impact of those requirements to different areas across the Bank
  • Solid understanding of Regulatory obligation management process, including how it connects with the Regulatory Library Management and the Compliance Risk and Control Assessment pillars.
  • Solid understanding of processes and regulations applicable to financial markets and products in the following business lines: Wealth Management, Canadian Banking, International Banking, Global Banking, Markets and Treasury
  • Advanced skills in Microsoft Word, Excel, Power BI and PowerPoint
  • Spanish proficiency is required
  • Solid understanding of internal control and risk frameworks, including compliance risk assessment process
  • Excellent leadership, teamwork, organizational and interpersonal skills
  • Ability to manage multiple compliance initiatives concurrently and meet deadlines under pressure
  • Flexibility to work on a variety of different tasks independently and with limited supervision

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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.

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