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Title:  Manager, Regulatory Initiatives, Global Wealth Management, Toronto ON




Requisition ID: 83916


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



Contributes to the overall success of the Global Wealth Management in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.




  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.


  • Manage Operational Risk activities
  • Manages the delivery of Scotiabank’s Operational Risk Management Framework
  • Leads with the Senior Manager to ensure the execution of the New Initiative Risk Framework and policies are adhered to by liaising with GWM business lines in order to identify, document and monitor new initiatives
  • Leads work streams with various operational risk management tools (e.g. Risk and Control Self-Assessments and Scenario Analysis), including documenting processes, procedures, risks and controls as identified in
  • Prepares quarterly reporting and dashboards – Key Risk Indicators, Business Environment Surveys, Action Plans, Board reports, etc.


  • Manage Third-Party Risk Management (TPRM) activities  
  • Manages the execution of Scotiabank’s Third-Party Risk Management Policy for GWM businesses to identity, assess, mitigate and monitor outsourcing risks, including providing TPRM systems support, inherent risk identification and due diligence support, while providing key oversight functions and program assurance


  • Manage Regulatory Compliance Management (eRCM) activities
  • Manages the delivery and monitoring of the eRCM program adherencefor GWM business lines, ensuring controls are documented, managing the quarterly CRCA process and managing the maintenance of the regulatory library and corresponding controls


  • Manage Volcker Rule activities
  • Manages, documents, verifies and updates monthly controls for all GWM businesses in adherence to Scotiabank’s Volcker Rule Policy


  • Manage Sales Conduct activities
  • Manages compliance to Scotiabank’s Enterprise Sales Conduct Framework for GWM businesses validating and reviewing documented controls, gaps, and remediating action plans.


  • Leads other projects and activities as required


  • 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 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.
  • Champions a high performance environment and contributes to an inclusive work environment


Reporting Relationships

  • Primary Manager   Senior Manager, Regulatory Initiatives
  • Direct Reports:  None
  • Supports 3 workstreams within a complex portfolio of regulatory and operational control projects
  • Maintaining and providing regulatory knowledge of relevant Canadian regulations (IIROC, MFDA, OSC, OSFI) and applying it to all GWM businesses
  • Understanding of operational processes and risk governance across GWM working with stakeholders from all levels across GWM’s business units and the control & support functions, including Compliance, Legal, Risk Management, Privacy, etc.
  • Maintain expert working knowledge of internal systems: Vista, ORMS, GIMS, Power BI


Education / Experience / Other Information

  • Regulatory experience is an asset, including Compliance, Operational Risk, Third Party Risk, and Legal
  • Previous experience in project management and/or regulatory reform initiatives or work experience
  • Bachelor degree in Business Administration with a minimum of 5 years of relevant wealth management or banking experience preferred
  • Strong working knowledge of regulatory bodies including OSFI, OSC, IIROC, and MFDA
  • Excellent problem solving, negotiating skills and well-developed influencing skills
  • Strong written and verbal skills to prepare documentation, deliver presentations and interact effectively with GWM business lines and other departments
  • Knowledge of the roles and responsibilities of Global Wealth business units and support functions crossing all delivery channels
  • Intermediate level: Excel, PowerPoint, Word, and Visio
  • Experience with ORMS, GIMS, Power BI preferred
  • Relationship building competencies to build/maintain productive relationships with key stakeholders and business unit partners
  • Self-starter with excellent time management skills and proven track record of meeting deliverables 


Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.


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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