Title:  Senior Manager, GBM&T Testing - Global Compliance (Contract)

Requisition ID: 207094

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

Purpose

Contributes to the overall success of the GBM&T Compliance Department 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 in compliance with governing regulations, internal policies, and procedures.

The primary responsibility of this position is to support compliance testing for GBM&T Canada. The Canada Compliance Testing Program covers Canadian regulations applicable to all of Scotiabank’s Canadian broker-dealer (including internal inspections), banking, and investment management activities, corporate functions, cross-border testing engagements and other financial services activities.

Accountabilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Accountable for overseeing and executing Testing for Global Banking Markets and Treasury (GBM&T), which includes assessing the design and operating effectiveness of compliance controls, and adherence to Regulatory requirements as well as Bank’s internal standards, policies and procedures.

• Works closely with the Director - Testing, along with other Compliance partners to develop, support and execute the testing program.

• Participates in the development of Annual Test plan in coordination with local compliance counterparts, first line (1B) and internal audit, including tracking and reporting of testing completion against annual test plan.

• Maintains relationship with the Business Line Compliance, Internal Audit and first line to ensure alignment and smooth execution of test plans, to minimize the impact on business.

• Understands the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with regulatory requirements, best practices and internal policies and procedures.  

• Pro-actively identifies potential violations /risk of non-compliance with regulatory requirements, internal policies, and procedures, in a timely manner and makes recommendations to mitigate compliance risk, generally in the course of execution of testing engagements.

• Maintains relationships and works closely with Business Line management to understand compliance risk in the business and build/adjust our testing approach / issue recommendations accordingly.

• Identify, define, and build a risk effective and cost-efficient testing program by providing feedback on enhancements to the testing methodology (which includes risk prioritized assessments, testing cycles, reporting results and more), looking for opportunities to automate testing procedures, etc.

• Validate actions taken by management to remediate, and to assess the sustainability of these actions to close, reported testing issues.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Creates 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.

• 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 behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Education/Experience

Functional Competencies

• A minimum of 7+ years of compliance, audit or regulatory exam support experience with at least 3+ years of which should involve testing or audit.

• Experience/background in compliance applicable to broker-dealer, internal inspections, institutional trading & sales, investment banking, commercial banking, investment management, and corporate functions within investment or commercial bank or institutional broker-dealer is preferred.

• Familiarity with applicable OSFI, IIROC, OSC, and Montreal Exchange as well extraterritorial broker dealer, swap dealer and banking rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S.

• Strong attention to detail.

• Strong written and verbal communication skills, Ability to communicate well across all levels of an organization.

• Excellent analytical skills with the ability to review, interpret and synthesize data to drive investigations on potential exceptions

• Demonstrated leadership and people management skills and strong coaching skills

• Good relationship management skills

• Highly organized and capable of dealing with multiple complex projects.

Behavioral Competencies:

• Clear and confident communicator – verbal & written; given interactions with Senior Executives

• Strategic Thinker and good negotiation skills

• Demonstrated ability to remain calm and focused when faced with competing issues of importance.

• Change manager – able to demonstrate agility, resilience, and resourcefulness in executing plans even in changing environments and within available resources and timeframes.

• Ability to demonstrate multi-tasking and flexibility in working with diverse group of stakeholders/business units.

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.