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Title:  Director, Compliance Testing Program




Requisition ID: 90808


Join the Global Community of Scotiabankers to help customers become better off.


In this role as Director, Compliance Testing Program (Capital Markets, Corporate / Investment Banking and Treasury), you will provide independent, objective risk assessment and evaluation of the effectiveness of the Regulatory Compliance Program for Capital Markets, Corporate / Investment Banking and Treasury. You will be accountable for the design of the annual and multi-year testing strategy/plan working with Business Line Compliance and Business stakeholders. This will include leading and/or coordinating engagements with regional testing teams to ensure appropriate coverage. You will lead and oversee the Compliance Testing teams based in Canada, US, Europe and Asia Pacific as well as co-ordinate testing in other international jurisdictions. You will be responsible for managing the planning, execution, and reporting of assigned audits in accordance with Testing Standards, Operating procedures and local regulation. You will ensure strategies, plans and operations are continually aligned to rapidly evolving industry standards, regulations and trends across our footprint. 


Is this role right for you?

  • Accountable for overseeing and executing Testing for GBM and Treasury for Canada, U.S. Europe and Asia Pacific, including oversight over testing for GBM and Treasury businesses in other international jurisdictions
  • Active participation in the development of Annual testing plan and methodologies and procedures in coordination with local compliance heads, first line and internal audit; including tracking of testing completion against annual test plan, confirming the existence of controls and adherence to Scotiabank standards and Regulatory requirements
  • Maintains a thorough understanding of compliance risks and processes.  This includes keeping abreast of key industry developments, regulatory changes, and identifies key systemic issues (arising from GBM and Treasury testing globally) and internal changes that will impact the annual test plan and/or quarterly CCO opinion
  • Look for opportunities to automate testing. Champion/develop tactical strategies for increasing the use of analytics/data to drive effective annual planning, as well as engagement execution
  • Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Maintain relationship with the Business Compliance heads in countries, Compliance VPs and first line to ensure a value-added program is delivered
  • Identifies, defines, and builds a more risk effective and cost efficient testing program by driving continuous improvement to the testing methodology which includes risk prioritized assessments, scope and depth of testing, reporting results and automation opportunities
  • Identifies trends and/or gaps across each jurisdictions and timely escalation and remediation of high risk / thematic issues and recommendations to improve the effectiveness of the business line controls. Ensure visibility of key issues at appropriate governance forums to ensure attention is provided for timely resolution
  • Works closely with business line testing teams and Audit to develop a comprehensive testing program which will ensure appropriate coverage while minimizing duplication across the organization
  • Ensure that comprehensive working papers and results are maintained to support the opinions being provided through the testing engagements
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Creates an environment in which his/her team 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, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Guidelines for Business Conduct
  • Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team
  • Maintains a view of the changing landscape within the industry and amongst the Bank’s regulators and introduces corresponding strategies, recommendations and when necessary, changes to ensure continued alignment to industry standards. Informs and advises Executive Management on an ongoing basis on the impact, risks and opportunities of significant, new and amended regulations, industry developments and best practices


Do you have the skills necessary to succeed? We'd love to work with you, if you have:

  • 10+ years of relevant industry and professional experience
  • Deep experience and knowledge of regulatory, compliance and legal requirements in Canada, US and Europe (e.g. OSC derivative rules - Derivative Trade Reporting including Dodd Frank Title VII, EMIR, Volcker and Trade Surveillance requirements), IIROC (dealer member rule book - institutional, universal market integrity rules and the deal). Experience working on trade surveillance, conduct, regulatory reporting themes will be an asset.
  • Knowledge of issues facing the business lines, including securities industry
  • Teaching level knowledge of testing processes and methodologies
  • Expert ability to write clear, concise testing reports, issues as well as internal and external communication. This includes ability to negotiate and presents testing findings and opinions
  • Expert understanding of capital markets and Treasury products, processes and risks
  • Internal or external audit, compliance and regulatory background
  • A post-Secondary Education; an MBA or CPA is desirable
  • Demonstrated leadership skills and experience with strong coaching skills
  • The ability to think strategically about the compliance function; has maintained relevant knowledge with proven success in responding to changing regulatory environment and business needs
  • Experience in initiating, developing and implementing new policies, procedures and systems – across a large enterprise with complexity of businesses and stakeholders
  • The ability to be a strategic, clear and confident communicator; given interactions with Senior Executive, External Stakeholders including Regulators have strong strategic influencing and negotiating skills
  • A track record of being a respected and demonstrated Leader and Coach with proven experience with inspiring and managing dynamic high-performing team(s)
  • A demonstrated ability to remain calm and focused when faced with competing issues of importance or potential significant legal or regulatory risk


Location(s):  United States : New York : New York City 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.



We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here.


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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