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Manager, Regulatory Relations

Date: Jun 24, 2019

Location: New York City, NY, US

Company: Scotiabank

 

 

Requisition ID: 55555

 

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

Purpose:

The incumbent is responsible for assisting the Regulatory Relations Group and Bank stakeholders with the coordination of interactions with regulators. 

 

Accountabilities:

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Coordinates interactions with regulators, including but not limited to:
  • Assisting in providing U.S. oversight for regulatory examinations and be a central contact for regulators;
  • Coordinating and managing events related to examinations and continuous monitoring, including negotiating scope and timing of reviews, monitoring requested data aggregation  and coordinating and attending regulatory meetings with control functions and business unit personnel;
  • Collaborating with U.S. Business Heads to provide guidance on regulatory matters and continually enhancing the framework to identify, assess, control, and monitor regulatory communication across the U.S. Operations;
  • Monitoring the full lifecycle of identified regulatory issues ensuring that concerns are communicated, assigned responsibility, and tracked to resolution;
  • Maintaining the centralized repository where documents are stored and previous examination memos and reports are archived;
  • Monitoring and analyzing regulatory developments and helping to determine which areas of the bank may be affected by new regulatory initiatives;
  • Ensuring timely submission of all requested daily, weekly and monthly reporting to our regulators; and
  • Identifying reputational risks arising from interactions with regulators and escalate as appropriate.
  • 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.
  • Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.

Education, Experience, and Other Information:

  • Bachelor's degree. MPA/MBA/JD a plus. 
  • At least 3 years of experience at a regulatory agency such as FINRA or the FRB, or in a similar position in the financial services industry, or a legal regulatory background.
  • A detailed and in-depth understanding of financial markets, products and control functions.
  • Strong written and oral communication, presentation and interpersonal skills to effectively guide internal partners.
  • Strong planning and organization skills.
  • Ability to work independently and effectively with both regulatory staff and senior firm personnel.
  • Sound judgment in identifying risks in order to proactively escalate with relevant senior management.
  • Demonstrated ability to operate at a strategic level.
  • Professionalism, sensitivity, and discretion required.
  • Ability to solve problems, multi-task and manage changing priorities.
  • Detail-oriented.
  • Collaborative team player.
  • Office productivity skills (Word, Excel, PowerPoint and SharePoint)

Location(s):  United States : California : San Francisco || United States : Florida : Miami || United States : Illinois : Chicago || United States : Louisiana : New Orleans || United States : Massachusetts : Boston || United States : New York : New York City || United States : Texas : Houston

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly.  If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.


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