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Title:  Senior Manager, Regulatory Risk and Governance




Requisition ID: 151290

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



Contributes to the overall success of the Global Finance, Regulatory Risk and Governance group ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s mandate and overall objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures and is responsible to monitor and improve internal controls for Global Finance operations across Canada, IB and GBM. The incumbent must possess proven Financial and Accounting acumen including relationship and influencing skills.

The Senior Manager is responsible for the governance and risk management associated with internal controls, owns, and directs the issue management process. The incumbent will be accountable for reviewing outstanding controls and reporting issues, performing analysis to identify themes, determining the root cause of operational weaknesses, preparing dashboards and reports to communicate the current state of internal controls and the operational performance of Global Finance.  In addition, expected to develop sound solutions and, in some cases, implement those solutions or coordinate such implementation with others.

The position requires solid understanding of the Financial and Regulatory environment, knowledge of banking and experience managing complex initiatives related to, but not limited to the end to end processes for financial and regulatory reporting (including reconciliation and attestation) and related Internal Control to mitigate the risks, process optimization, data management, operating technologies, development methodologies and be able to take a consultative mindset when making recommendations. 


Key Accountabilities 

  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Accountable to analyze, define and implement the Regulatory Reporting operating model, processes, and structures by:
    • Managing detailed reviews of activities, dependencies, and outputs
    • Leveraging best practices across Global Finance markets to address inefficiencies in processes, procedures, operational structures and recommending changes and key controls
    • Identifying process breaks and any weakness in the operating environment, designing to close the gaps
    • Driving clear separation of execution activities from governance, data quality, and reporting
    • Evaluating system solutions to support management controls and measurement
  • Manage the Risk Management and implementation of the Regulatory and Audit Issue Remediation by:
    • Working independently to resolve project issues and escalating them to the Finance leadership team and Global Finance Regulatory Risk and Governance where appropriate.
    • Effectively manage Issues Remediation, Process & Internal Control Optimization for Global Finance.
    • Responsible to deliver on Audit or regulatory remediation matters and is responsible for coordinating and support regulatory responses to support status reporting.
    • Direct and coach the design of improvement of policies, procedures, processes, infrastructure, and controls including providing analysis, support, advice and counsel to stakeholders and business line management on Global Finance and Regulatory operations.
    • Ensure that internal functions supporting the effort are coordinated, informed and that their efforts are aligned with specific deliverables.
    • Serve as a training resource to project resources on standards and transformation expectations
  • Design and execute on the testing strategies for internal controls for financial and regulatory reporting across Global Finance geographies 
    • Plans the execution of business unit compliance testing program to prevent illegal, unethical, or improper business practices.
    • Plan testing of internal controls. Applying risk analysis principles, determine the scope, including focus, objectives, and rationale, and update the scope as needed. 
    • Perform testing according to the testing plan. Evaluate controls, identifying risks appropriately. Revise review programs as needed to accomplish objectives.
    • Conduct and manage documentation of the review process. Prepare working papers, ensure that documentation appropriately supports the testing conclusions, and update process flows and describe major processes within the area being reviewed, where needed.
    • Analyze the results of testing and review activities. Analyze exceptions and make recommendations to enhance internal controls and/or increase the efficiency of operations. 
    • Ensure that testing is accurate, complete, and in accordance with standards and protocols. Communicate test/review results and issues/concerns to management at the source and/or enterprise level, validating and recommending resolutions to issues.
    • Applying testing techniques to evaluate compliance with Global Finance and regulatory standards. 
    • Analyze exceptions within the context of the issues management process and make recommendations to senior finance management to enhance internal controls and/or increase the efficiency of operations.
    • Coordinates standards for Global Finance policies and procedures and their update.
    • Prepares reporting on quality assurance and on operational metrics (key performance indicators) for Global  Finance.
  • Actively 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, and conduct risk.
  • Champions 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. 


Experience / Education:



  • Excellent working knowledge of Project management practices and software
  • Excellent interpersonal and communication skills, written and verbal for interacting with offices with varying cross cultural and language differences
  • Thorough knowledge of Canadian and International Banking and its operations/processes
  • Strong analytical, innovative, and creative design skill
  • Excellent working knowledge of Microsoft Office application including, PROJECT, POWERPOINT, and VISIO
  • A thorough understanding of the Bank’s methodology.
  • Business/Accounting degree/designation and/or 5+ years in Financial Services
  • Experience in leading major initiatives across the Financial Services involving multiple areas and stakeholders 
  • Experienced in leading Financial and Regulatory initiatives 


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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