Title:  Director, Business Risk Management LATAM, Global Banking and Markets -Toronto

Requisition ID: 256644 

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

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  

Leads first-line support for managing non-financial risk across GBM Latin America (Chile, Peru, Colombia, Mexico, Brazil). Ensures strategies, plans, and initiatives comply with global regulations and internal policies/procedures. Accountable for implementing regulatory and enterprise controls, with focus on policies, end-to-end processes, and regulatory/non-regulatory data. 

What You'll Do:

• Serve as GBM LatAm BRM subject-matter expert; advise countries on process improvements, regulatory initiatives, and local implementation of Bank policies/procedures.
• Provide risk and control oversight for new business/technology initiatives, including local due diligence aligned to Bank standards.
• Coordinate cross-border regulatory initiatives and engagement with local leadership; act as point of contact for extra-territorial requirements (e.g., Volcker, Dodd-Frank) as applicable.
• Build partnerships with Global/Local BRM, Compliance, Corporate Functions, enterprise programs, and other stakeholders to deliver a coordinated and effective non-financial risk program.
• Coordinate business risk management activities across stakeholders (e.g., Audit, Risk, Compliance, senior management) and support governance requirements (e.g., WSPs).
• Act as escalation point for incidents (e.g., P&L sign-off delays, errors, disputes); investigate, remediate, and track outcomes.
• Oversee in-country Trade Floor Supervision (TFS) teams across PAC and Brazil; drive a customer-focused culture and strong control execution.
• Provide expertise and direction on design and implementation of controls, systems, processes, and regulatory data to support compliance and reporting risk management.
• Partner with local risk owners to build, maintain, and document end-to-end regulatory data controls and integration.
• Interface with global stakeholders and third parties overseeing regulatory compliance; draft and review regulatory and internal reporting.
• Ensure ongoing monitoring of first-line business risk management responsibilities across GBM LatAm; provide direction to control owners and ensure program coverage under the three-lines-of-defense model.
• Maintain and execute the roadmap for functional initiatives impacting GBM LatAm; advise on prioritization and ensure alignment to regulatory requirements and Bank values.
• Support implementation of global compliance and AML policies and ensure local procedures/controls align to GBM standards and enable risk identification, assessment, and control across clients, products, services, and countries.
• Identify control deficiencies and drive risk-based remediation plans; report status to internal stakeholders and ensure adequate resourcing to execute first-line controls.
• Embed risk appetite into day-to-day activities; monitor/report risk appetite measures and escalate breaches promptly.
• Lead and develop a high-performance team through inclusive leadership, coaching, succession planning, and ensuring tools/training are in place to deliver compliance activities. 

What You'll Bring:

• Bachelor’s degree in a related discipline.
• Law degree or CPA (asset).
• 15+ years’ relevant senior-level experience, preferably in a global financial institution.
• Fluency in Spanish and English is required. Portuguese is an asset. 
• Expertise in regulatory compliance; corporate & investment banking; securities/derivatives trading; onboarding; and regulatory/non-regulatory data and architecture.
• Experience interacting with securities & derivatives regulators (required).
• Advanced drafting skills under tight deadlines (required).
• NFA Swaps Proficiency Requirement (certification required within 90 days in role). 

Dimensions Scope includes: 

• Accountable for local execution of first-line non-financial risk programs across GBM Latin America.
• Supports diverse and complex GBM businesses and legal entities across the region.
• Responsible for controls related to policies, processes, and regulatory data (Regulatory Onboarding and Reporting).
• Maintains deep knowledge of business operations and regulatory matters; resolves non-compliance issues and escalates material concerns promptly.
• Operates with independence and sound judgment; engages leadership and SMEs as needed.
• Complex and very different business lines across GBM LatAm
• Broad range of business units and entities supported across division
• Responsible of the controls of all policies, processes, and regulatory data as it pertains to Regulatory Onboarding and Reporting (Data)
• The incumbent is expected to maintain an in-depth knowledge of operational conditions throughout the applicable Business Lines and the state of regulatory matters, be able to resolve issues of non-compliance and to escalate issues promptly that are deemed to be serious, or have broad impact
• The incumbent should be able, on his/her own initiative, to resolve issues and also recognize the need to involve his/her supervisor/s and/or Subject Matter Experts when required 

Work Arrangement:
This position is currently a hybrid role, with the expectation that you will work 4 days a week in the office. Please note that this is subject to change based on the needs of the business.

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):  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. 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.