Job Description
Requisition ID: 21+483
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Contributes to the overall success of the Canadian Banking Compliance team, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures related to the respective business lines.
Accountabilities
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Oversee and monitor Canadian Banking regulatory compliance program for Retail Mortgages, Private Banking, Distribution Channels and other allocated areas (collectively, the “Business Units”) to identify areas of regulatory compliance risk.
Provide support to the Director Compliance, Canadian Banking to monitor business and regulatory developments for the Business Units under responsibility to ensure that regulatory risks are managed effectively and efficiently and in accordance with Scotiabank’s Risk Appetite.
Provide advice and counsel to the Business Units under responsibility with respect to regulatory compliance, products, programs, policies and procedures, including implementation of emerging regulations.
Support the identification of trends and/or gaps across Business Units under responsibility and reports findings with recommendations on how to improve the effectiveness of first line controls to the Director and Senior Management.
Works with the Business Units under responsibility to implement regulatory change, and to enhance controls for existing regulatory requirements.
Pro-actively identifies potential violations of regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate business, compliance and operational risk.
Works closely with counterparts in Compliance across Global Compliance or other groups to share best practices, avoid silos, and ensure consistency and alignment to the Enterprise Compliance Framework.
Maintains deep knowledge & understanding of industry developments and practices, regulatory requirements and associated changes impacting the Business Units under responsibility.
Supports the development of internal policies aligned with applicable industry regulations and reflective of rule changes from various regulatory bodies.
Provide training to the Business Units under responsibility on emerging issues, regulatory trends, and industry best practices.
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 their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance and conduct risk.
Champions a high-performance environment and contributes to an inclusive work environment.
Education/Experience
Bachelor’s Degree with a minimum of 8-10 years of relevant experience in the financial services industry, preferably within the regulatory compliance and/or legal functions. Law degree is an asset.
Strong and practical knowledge of banking products, in particular mortgages and secured lines of credit, and related operations. Including applicable regulatory requirements
Strong knowledge of applicable regulatory requirements to the banking industry, in particular to those applicable to the business units that are under responsibility of this role.
Strong analytical and communication skills, results orientation, data driven approach in decision making and ability to research.
Excellent writing skills and experience drafting correspondence to regulators and compliance memos.
Experience with providing insights to and interacting with the business.
Ability to drive success in a high performing, flexible and small team environment.
Ability to work in different projects at the same time under time constraint.
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. 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.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
Contributes to the overall success of the Canadian Banking Compliance team, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures related to the respective business lines.
Accountabilities
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Oversee and monitor Canadian Banking regulatory compliance program for Retail Mortgages, Private Banking, Distribution Channels and other allocated areas (collectively, the “Business Units”) to identify areas of regulatory compliance risk.
Provide support to the Director Compliance, Canadian Banking to monitor business and regulatory developments for the Business Units under responsibility to ensure that regulatory risks are managed effectively and efficiently and in accordance with Scotiabank’s Risk Appetite.
Provide advice and counsel to the Business Units under responsibility with respect to regulatory compliance, products, programs, policies and procedures, including implementation of emerging regulations.
Support the identification of trends and/or gaps across Business Units under responsibility and reports findings with recommendations on how to improve the effectiveness of first line controls to the Director and Senior Management.
Works with the Business Units under responsibility to implement regulatory change, and to enhance controls for existing regulatory requirements.
Pro-actively identifies potential violations of regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate business, compliance and operational risk.
Works closely with counterparts in Compliance across Global Compliance or other groups to share best practices, avoid silos, and ensure consistency and alignment to the Enterprise Compliance Framework.
Maintains deep knowledge & understanding of industry developments and practices, regulatory requirements and associated changes impacting the Business Units under responsibility.
Supports the development of internal policies aligned with applicable industry regulations and reflective of rule changes from various regulatory bodies.
Provide training to the Business Units under responsibility on emerging issues, regulatory trends, and industry best practices.
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 their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance and conduct risk.
Champions a high-performance environment and contributes to an inclusive work environment.
Education/Experience
Bachelor’s Degree with a minimum of 8-10 years of relevant experience in the financial services industry, preferably within the regulatory compliance and/or legal functions. Law degree is an asset.
Strong and practical knowledge of banking products, in particular mortgages and secured lines of credit, and related operations. Including applicable regulatory requirements
Strong knowledge of applicable regulatory requirements to the banking industry, in particular to those applicable to the business units that are under responsibility of this role.
Strong analytical and communication skills, results orientation, data driven approach in decision making and ability to research.
Excellent writing skills and experience drafting correspondence to regulators and compliance memos.
Experience with providing insights to and interacting with the business.
Ability to drive success in a high performing, flexible and small team environment.
Ability to work in different projects at the same time under time constraint.
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. 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.
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager, Canadian Banking Compliance position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.