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Title:  Director, Specialized Supervision & Initiatives, Wealth Management

 

 

 

Requisition ID: 108426

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

 

Purpose
The Director, Specialized Supervision & Initiatives, SSI Business Controls will lead the design, execution, and sustainment of the Specialized Supervision Program for SSI, an MFDA regulated mutual fund dealer, as well as lead/participate in key SSI regulatory and business initiatives.  The incumbent will work in close partnership with the SSI Centralized Daily Review team and with stakeholders in Compliance, SSI Dealer, Canadian Banking, Wealth Management, and Operations.

 

Accountabilities 

•    Lead and drive a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

•    Works in close partnership with the Director, Centralized Daily Review Team.

•    Responsible for the design, execution and sustainment of the supervisory program over the following:


o    Supervisory review and investigation processes at the account and MFR level
o    Provides advice and specialized support to Branch Managers, in-branch / in field BCOs on non-standard issues. 
o    Identifies key supervisory, industry, and regulatory trends/changes and formulates plans to communicate key items to Branch Managers, in-branch / in-field BCOs, and approved persons (i.e., licensed advisors)

•    Identifies and advocates for changes/updates to SSI Policies, Job Aids and Manuals working in consultation with SSI Daily Review Team, SSI Compliance, SSI Dealer, Canadian Banking, and Operations.

•    Works closely with SSI Operations and RSU/Investment Support to identify trends, patterns, and issues related to regulatory requirements within operational support functions.

•    Coordinate's with SSI Compliance testing and 1B testing to assess and action recommendations.

•    Coordinates with SSI Compliance (Complaints) and Registrations team to ensure any issues related to SSI registrants are reviewed for potential systemic issues and actioned as needed.

•    Participates in CRCA eRCM activities and owns those activities related to supervision.

•    Leads or participates in regulatory and business change initiatives.

•    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 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 Guidelines for Business Conduct.

•    Build 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.

 

Education / Experience 

•    10+ years’ experience in a supervision, compliance, or audit role covering the securities businesses (i.e., IIROC, MFDA, provincial securities regulated business). 
•    Role requires an expert understanding of the regulatory framework, regulations, and industry practices of IIROC/MFDA dealers.  In particular, the demonstrated track record of implementing regulatory requirements into practice.
•    Must meet requirements to be licensed as a BCO for SSI or be willing to/able to achieve the requirements in short order.  Completion of the Partners, Directors, and Senior Officers Course (PDO) would be an asset.
•    University degree in Business Administration, Finance, or related discipline. 
 

 

 

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.


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