Director, Corporate Functions Compliance

Title: Director, Corporate Functions Compliance

Requisition ID: 214069

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

Purpose

Leads and oversees the Corporate Functions (CF) Regulatory Compliance Management (RCM) Program ensuring business strategies, plans and initiatives are executed/delivered in compliance with governing regulations, internal policies, and procedures.

Accountabilities

1. Responsible for maintaining oversight of regulatory compliance through the Compliance Management Framework (CMF) and Corporate Functions Operating Model for Corporate Functions globally.
2. Meet with Corporate Functions on an ongoing basis, including meetings with senior executives, attendance at select management committees, and review of relevant reporting.
3. Monitor and review relevant activities to assess adherence to the Compliance Management Framework (CMF).
4. Provide advice & counsel, and perform effective challenge over Corporate Functions on their ongoing adherence to the Compliance Management Framework (CMF).
5. Report to compliance senior management and committees on Corporate Functions adherence to the Compliance Management Framework (CMF).
6. Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, Code of Conduct, and Global Sales Principles.
7. Provide independent oversight and effective challenge across CF RCM Program considering the Corporate Function reliance model.
8. Identify, assess, communicate, and mitigate Compliance risks, maintaining oversight and awareness of applicable regulations.
9. Keep abreast of regulatory and industry developments globally to ensure compliance risks are being properly identified and mitigated.
10. Participate in an environment pursuing effective and efficient operations in accordance with Scotiabank’s Values.
11. Develop, implement, and maintain applicable global frameworks and standards relevant to CF Compliance across the 8 pillars.
12. Develop strategic relationships and collaborate with Corporate Functions and Compliance Programs.
13. Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates their team.
14. Lead and drive a Winning Team culture throughout the team.
15. Support Compliance management to present at various committee meetings.
16. Plan and execute annual Compliance testing plan for relevant Corporate Functions.
17. Lead the Testing and Monitoring pillars of the Compliance Program to provide independent risk assessment.
18. Drive the Global Annual and multi-year Testing Plan.

Education/Experience

1. Post-secondary education with relevant experience in the financial services industry, preferably within a Corporate Function business line - regulatory compliance, operations, technology, audit, or risk management function.
2. Ability to lead a high performing, flexible team environment across multiple jurisdictions.
3. Strong knowledge of banking regulations, products & services, technology, and operations.
4. Strong analytical and communication skills, results-oriented, and data-driven approach in decision making.
5. Experience with providing insights to and interacting with the CFs/business lines.
6. Ability to positively influence senior management.
7. Experience using analytics to identify areas of risk and opportunities for improvement.
8. Strong knowledge of Microsoft applications (including Word, Excel, and PowerPoint).

Location(s): Canada : Ontario : Toronto

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 during the recruitment process, please let our Recruitment team know. 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.