Title:  Director, U.S. Business Transformation and Governance

Requisition ID: 220175

 Salary Range: 180,000.00 - 301,500.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose

Reporting to the Head of U.S Governance & Transformation, the Director, U.S Transformation, and Governance is responsible for supporting the execution of the U.S. strategic business and governance change priorities, supporting business growth, and increasing operational effectiveness.

This role is crucial in supporting the “change the bank” efforts, working in collaboration with functional and business lines to achieve sustainable solutions for future growth. In supporting the Head of the U.S. Governance & Business Transformation, the Director will help to create and execute on the roadmap for the ‘bank of the future,’ ensuring we scale and grow in line with the bank’s risk appetite framework, the bank’s governance framework, and regulatory requirements. Most notably, this role must be forward looking and work closely with all business lines, not just GBM. The initial scope of this role will focus on preparing the bank for becoming Category III financial institution, including but not limited to, assisting in: the definition defining and implementation of an Operational Resilience plan, the development of Resolution Planning in the region, and the execution and reporting on a centralized view of all remediation efforts. Overall, this role is crucial in positioning the U.S. for future growth.

What You’ll Do   

U.S. Business Transformation (i.e., Change the Bank)

• Drives strategy and execution of critical U.S. Growth, transformation and remediation initiatives, including the design and execution of roadmap for CAT II & CAT III in the region,
• Supports development of the U.S. Operational Resilience plan and U.S. Resolution Planning.
• Assists in ongoing operational and regulatory remediation, including Cyber / IT Risk Management.
• Assists in implementation of key businesses, including: Mortgage Capital Markets, U.S. cash management, securitization and leverage finance
• Collaborates with functional teams across the Bank to accomplish “change the bank” efforts, including future growth across U.S. cash management, wealth, and commercial
• Acts as central point of contact and coordination for strategic initiatives, operating as a Business Analyst for projects that involve working with Technology and Data
• Partners closely with global technology and data teams as an SME, ensuring key business requirements are understood, implemented and reported
• Manage projects from inception through implementation including scoping, identifying stakeholders, business analysis, establishing objectives, drafting project plans, and supporting the daily execution

Governance

• Critically assesses existing processes, identifies efficiencies, and operationalizes enhancements.
• Evolve and enhance current operating model within the bank for the management of Sales and Trading obligations and their related technical requirements.
• Act as subject matter expert for 1st/2nd line and functional partners regarding regulatory change and guidance, analyzing and refining processes, workflows, communications and policies (e.g., RCSA, NIRA, ORE, Issues Management etc.)
• Interface with domestic and global regulators, internal audit, and other functions as Scotia SME who can speak to our processes and platforms with authority. Provide a central point of coordination for corresponding examinations and inquiries.
• Provide input and first line SME into development of the firm’s desk procedures, WSPs and other relevant processes
• Critically assesses and transforms U.S. committee governance structure, including draft and socialization of revised committee organizational structure, charters, mandates, etc.

Tracking & Reporting

• Supports Head of U.S. Governance & Transformation in preparation for U.S. Executive Committee, U.S. Board, and other governance forums
• Supports Head of U.S Governance & Transformation in coordination across key pillars of remit, managing the overall program portfolio
• Enhances and leads tracking and reporting of U.S. Remediation efforts and growth strategy
• Implements U.S. transformation reporting and governance structure to support; U.S. ExCo and U.S. Board, considering compliance with key U.S. regulations

Other

• Creates an environment in which his/her team pursues effective and efficient operations of his/her 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, AML/ATF/sanctions and conduct risk.
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.
• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

What You’ll Bring 

• 5+ years of transformation and governance experience in a highly matrixed organization
• Experience in collaborating across functions and regions and running multi-year remediation or strategic efforts
• Prior experience with U.S. regulators

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 

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

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.