Title:  Director, European Head of Regulatory Relations & SIDAC Central Compliance

Requisition ID: 242938

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

Purpose

Leads Regulatory Relations in Europe, working in close coordination with the Europe Chief Compliance officer, the SIDAC Head of Compliance and GBM Head of Regulatory Relations. Responsible also for management and oversight of Central Compliance in Ireland, including governance and regulatory change.

Part of the European Compliance leadership team, contributing to the overall success of the European Compliance Function, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted comply with governing regulations, internal policies and procedures.

Accountabilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Regulatory Relations

• Responsible for Regulatory Relations in EMEA, leading the development, execution, and coordination of the regulatory relations strategy.

• Facilitates strategic engagement across our key regulators in Europe (CBI / PRA / FCA), acting as the key regulatory contact (alongside the respect Heads of Compliance) with responsibility for attending meetings, coordinating all regulatory requests and managing coordinated responses from the Bank

• Responsibility for coordinating supervisory exam management, continuous regulatory monitoring interactions, and reporting to internal Bank Senior Management and committees on regulatory topics.

• Monitoring of remediation commitments made by the Bank to its regulators and assisting with the preparation of formal responses to regulatory letters and commitments.

• Partnering closely with, and providing support, advice and guidance to business unit and control function management to support their regulatory interactions.

• Engaging proactively with our regulators, peers and the broader industry to influence existing and future regulatory policy, fostering an environment of continuous improvement, driving best practice and incorporating learnings where relevant.

• Coordinating development of the Bank’s position on regulatory matters, developing responses to comment letters and contributing with firm-specific analysis to efforts led by industry associations, including but not limited to the BPFI and AFME.

• Performing oversight of the delivery of all regulatory returns and requests across the region, ensuring all items are addressed on a timely basis and ahead of deadline.

Central Compliance (including Regulatory Change)

• Supporting the Head of Compliance in facilitating a proactive compliance risk awareness and management culture which informs SIDAC’s business strategy
• Oversight and management of regulatory change, working with the Senior Manager, Compliance to ensure horizon scanning, impact assessments and gap analyses are performed on a timely basis.

• Assisting the Head of Compliance in providing Senior Management, the Compliance and Conduct Committee and the Board’s Risk Committee with assurance that SIDAC is in compliance with all relevant laws, regulations and policies.

• Coordination and timely review of SIDAC’s core Compliance policies and procedures, ensuring they are updated for changes in regulatory requirements, business developments and BNS Group policies.

• Oversight and management of Conduct Risk, including coordination of the local incident and consequence management processes.

• Second-line responsibility for compliance with the Fitness & Probity and IAF regimes, including review/challenge of PCF/CF assessments, sign-off on due diligence and maintenance of key documents (including the Management Responsibility Map).

• Development and delivery of training in core compliance areas, including conduct risk.

• Leads and supports specific projects (including new initiatives and strategic planning) as directed by the Europe Chief Compliance Officer and/or the SIDAC Head of Compliance.

• Bring an understanding of the Bank’s risk appetite and risk culture into 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, 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 Code of 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.

• The role has been identified as a Central Bank of Ireland prescribed Controlled Function. The incumbent is therefore required to have the relevant fitness and probity to carry out the role and responsibilities in such a manner that the incumbent can comply with the Central Bank of Ireland 2011 Fitness & Probity Standards, as applicable to the role.   In general, the Fitness & Probity Standards require the role holder to:

1. be competent and capable;
2. act honestly, ethically and with integrity; and
3. be financially sound.

Leadership JD (Levels 9+)

1. Is a role model of professionalism and integrity and encourages these values in others.
2. Instils a culture of doing the right thing

Experience/Education

• Degree educated or equivalent.
• Experience: Relevant experience and experience operating in a complex, global bank.
• Strong understanding of the Irish, UK and European regulatory environment related to wholesale banking.
• In depth experience of regulatory relationship management with the CBI. Experience of dealing with other regulators, ideally including the PRA, FCA and CNMV.  
• Experience of multiple stakeholder management at mid to senior management level (C-Suite), including stakeholders from the business as well as third party organisations.
• Ability to build and maintain credibility with both technical and non-technical stakeholders. 
• Knowledge of Central Compliance activities and experience in handling the oversight and execution of programmes such as Personal Account dealing, regulatory registration, horizon scanning and managing regulatory change.
• The incumbent must be a strong leader, with demonstrated ability to manage diverse teams. 
• Strong analytical skills and a keen eye for detail
• Good written and verbal business communication skills with ability to present confidently to senior executives
• Capable of simultaneously handling multiple tasks and meeting tight deadlines
• Able to recognize and handle sensitive and confidential information
• Self-motivated, confident and capable of working both independently and in a team environment
• Advanced knowledge of MS Office and software tools as applied to the position.

Location(s):  Ireland : Leinster : Dublin 

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.