Senior Manager Regulatory Change Management

Requisition ID: 92723

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

Purpose of Job

The senior manager is the lead of The Regulatory Change Governance Group (RCG), which facilitates Enterprise-wide oversight and governance, with respect to Regulatory Change Management activities in order to mitigate regulatory compliance risk. This role contributes to the overall success of Enterprise Compliance by fulfilling the mandate of the Regulatory Change Governance. The Senior Manager acts as a trusted advisor to stakeholders across the enterprise with respect to Regulatory Change Management process. The Senior Manager is also a dedicated leader with a passion for employee development and a strong background in cross-functional collaboration.

Major Responsibilities

Leadership Support – Provide strategic support to the VP, Enterprise Compliance Operations:

• Analyze strategic and operational issues relating to Regulatory Change Management impacting Enterprise Compliance.
• Support Regulatory Change Management process, including cross-business and cross-corporate function regulatory change activities, to contribute to Global Compliance’s holistic overview of the Bank’s Compliance Risk exposure.
• Support regulatory compliance program integration.
• Promote a consistent approach globally.

Regulatory Change Management – Lead the Regulatory Change Governance group by:

• Maintaining and enhancing the Regulatory Change Management Global Standard, Operating Procedures and other related enterprise documentation and artefacts.
• Providing advice and support to Compliance, Business Line and Corporate Function stakeholders in regulatory change management while adhering to the Global Standards and Operating Procedures.
• Providing strong leadership within the team in order to ensure team responsibilities are fulfilled pursuant to standards, policies and procedures, frameworks, and other procedures in relation to Regulatory Change Management.
• Preparing and delivering periodic reporting materials for Compliance senior management and other relevant committees with respect to Regulatory Change Management.
• Leading ongoing governance and oversight activities to ensure adoption, operationalization and sustainment of the Operating Procedures.
• Ensuring adherence across the Enterprise to standards, frameworks, processes and other governance requirements for Enterprise Initiatives, as applicable.
• Responding to testing and audit inquiries and facilitate remediation of identified deficiencies or findings with respect to regulatory change management.
• Support engagements with internal and external stakeholders to identify industry best practices, process and system enhancement opportunities and streamline reporting and data sharing, to support the Bank’s Compliance Risk Management activities.
• Constantly challenging the status-quo to improve efficiency and efficacy of the Regulatory Change Management process, analyzing information, providing recommendations and acting as Champion for enhancements.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Relationship Management – Develop and sustain key strategic alliances and partnerships to effectively meet our stakeholders’ needs by:

• Working collaboratively with peers across the enterprise and Global Compliance Management.
• Participating in community calls, forums and meetings that will facilitate operationalization and awareness of regulatory change management process.
• Building effective relationships and working collaboratively with business management, project teams, first line of defense (1B teams), Corporate Functions and other stakeholders on Enterprise Initiatives.
• Being a champion to a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Effectively liaising with cross-functional and cross-jurisdictional business partners to ensure the timely execution and completion of the initiatives or specific regulatory deliverables.

Coaching and Development - Champion a high-performance environment by:

• Implementing strategies to attracts, retains, develops and motivates the team while fostering an inclusive work environment.
• Ongoing coaching, encouraging new skill development, and sharing of knowledge among team members.
• communicating vison/values/business strategy and managing succession and development planning for the team.

Education/Work Experience/Designations

• BA or Postgraduate degree or LL.B with a minimum of 5 years of relevant combined experience in Compliance, Legal or other Control Functions (Audit, Risk, etc.), with the following skills and attributes:
  • An ability to interpret regulatory rules and requirements and to independently assess the impact of those rules and apply them to business problems.
  • An understanding of Regulatory Change Management is an asset.
  • Experience in regulatory reporting and dealing with regulatory agencies is an asset.
  • A strong understanding of financial markets products across multiple asset classes.
  • Experience with Microsoft Word/Excel and PowerPoint is an asset.
  • Excellent written and verbal communications skills, including an ability to communicate effectively with stakeholders across numerous functional groups (e.g. Front Office, 1B teams, Compliance, Risk etc.)
  • An understanding of internal controls and control frameworks is an asset.
  • Experience with the Volcker Rule is an asset.
  • Strong analytical and investigative skills.
  • Excellent leadership, teamwork, organizational and interpersonal skills.
  • Superior management skills and supervisory experience in effectively coordinating the work of others.
  • Ability to manage multiple compliance initiatives concurrently and meet deadlines under pressure.
  • Flexibility to work on a variety of different tasks independently and with limited supervision.
  • Excellent problem solving, analytical and influencing skills.
  • Strong relationship management, communication and interpersonal skills.
  • Self-starter with excellent time management skills and proven track record of meeting deliverables.
  • Strong written and verbal skills to prepare documentation, deliver presentations and interact effectively with business lines and other departments.
  • Competence in developing presentations required (MS Office Word, Excel and PowerPoint).
  • Flexibility to balance multiple accountabilities and competing priorities, against tight deadlines, whether working alone or as part of a cross functional team.
  • Excellent leadership, teamwork, organizational and interpersonal skills.

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.