Title:  Director, Canadian Banking Compliance Advisory

Requisition ID: 252586 

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

Accountabilities

• Lead and drive a client-focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Build strong relationships with regulators., Legal partners and business line leaders, collaborating across Compliance to promote alignment, share insights, and reduce silos.
• Serve as Chief Compliance Officer (CCO) for assigned subsidiaries, providing regulatory oversight, ensuring required reporting, attestations, certifications, and governance obligations are fulfilled, and maintaining direct liaison with subsidiary senior leadership and boards where required.
• Serve as the primary Compliance advisor to Canadian Banking business units (excluding Tangerine Bank), providing strategic compliance leadership to Retail Banking, Client Experience Centres, Lending, Payments, Small Business, Commercial Banking, and Private Banking.
  • Ensure regulatory expectations and compliance risk considerations are embedded in business strategies, product development, operational processes, and client interactions across these units.
• Set the CBC BNS Advisory direction, priorities, and expectations for compliance engagement across the portfolio, ensuring consistent application of the Enterprise Compliance Framework.
• Lead the proactive monitoring of business, regulatory, and industry developments (Horizon Scanning), ensuring emerging risks, regulatory changes, and supervisory expectations are understood, communicated, and embedded effectively across supported Business Units.
• Provide senior oversight of potential or actual regulatory compliance breaches and reportable compliance issues (RCIs) and collaborate with the First Line to identify issues early, ensure timely escalation, risk assessment, and effective mitigation and remediation strategies.
• Maintain deep, enterprise‑level expertise on regulatory requirements, industry practices, supervisory trends, and evolving expectations impacting Canadian Banking, translating insights into strategic guidance.
  • Challenge First‑Line risk management practices and ensure timely escalation and action.
• Oversee and approve the development or enhancement of First Line policies, ensuring alignment to applicable regulations and reflecting changes issued by relevant regulatory bodies.
• Represent Compliance in applicable executive‑level discussions and committees related to regulatory matters and client outcomes.
• Support the development and delivery of high‑quality compliance reporting for senior management, governance committees, and subsidiary boards, ensuring accuracy, completeness, and clear articulation of regulatory risks, emerging issues, and business impacts.
• Act as the primary Compliance liaison with Canadian Banking business units for IT system outages that may impact clients, ensuring timely internal communication and escalation to the appropriate Compliance team responsible for Financial Consumer Agency of Canada (FCAC) reporting.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which their team pursues effective and efficient operations of their 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.

Education/Experience

• 7+ years of progressive experience in financial services, with demonstrated leadership in Compliance, risk management, or regulatory oversight
• Post-secondary education in Business, Finance, Law, or related field; certifications considered an asset (e.g., CAMS, CRCM, governance/risk designations)
• Deep knowledge of Canadian Banking regulatory obligations, enterprise compliance risk, and supervisory expectations (FCAC, OSFI, CDIC).
• Strong understanding of Canadian Banking products, delivery channels, operations, and complaint handling frameworks.
• Exceptional analytical, strategic‑thinking, and problem‑solving skills, with the ability to focus on critical issues and interpret regulatory developments.
• Excellent communication and relationship‑management skills, with the ability to influence senior stakeholders and collaborate across cross‑functional teams.
• Highly organized, adaptable, and able to deliver in a fast‑paced, dynamic environment.
• Demonstrated ability to apply judgment, manage competing priorities, and drive continuous improvement.

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.