Job Description

Requisition ID: 180586

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

Job Purpose:.

The Senior Manager, Compliance Testing contributes to the overall success of the Global Compliance Testing program, with a focus on Corporate Functions(\'CF\') that include GRM, Finance/Tax, HR/Marketing/Real Estate, Information Technology & Solutions, Corporate Secretary, Legal, Corporate Security, Communications, Government Affairs, Ombudsman both domestically (Canada) and internationally (IB Countries, USA, Europe and Asia.) The Senior Manager ensures specific individual goals, plans, and initiatives are executed/delivered in support of the team\'s strategies and objectives; and that all activities are conducted in compliance with governing regulations, internal policies and procedures and ethical standards.

Key Accountabilities

• Leads and oversees the scope and the execution for compliance testing in Corporate Functions (and other Business Lines/Areas as required) for all jurisdictions where the Bank operates in order to assess oversight and controls for compliance with legal, regulatory and internal Bank policy requirements.
• Ensures testing is adequately designed and executed to identify potential control and oversight gaps and non-compliance with laws and regulations by focusing on the applicable local and extra-territorial regulatory requirements, policies and procedures and ethical standards of the Bank.
• Actively participates in the development, documentation and communication of the CF testing plan
• Sustains strategic relationships and develop alliances with key contacts and Corporate Functions partners (EO groups and in-country) to ensure alignment of testing across the 3 lines of defense.
• Escalates potential issues and exception items noted during the review process to senior and executive management.
• Oversees and supports the CF in multiple jurisdictions on completion of testing and prepares progress reports
• Reports to Senior Management and Executive (including SVP IB and CF Compliance) on the status and results of testing. Provides analysis and trends on the same. Supports reporting and executive presentation as required
• Ensure that the stakeholders, senior and executive management of the Corporate Functions respond with appropriate action plans to address all draft recommendations and deficiencies noted during the fieldwork process.
• Manages the issues resulting from testing reviews and monitors the progress of action plans until closure. Identifies potential common themes to propose harmonized action plans.
• Validates actions taken by management to remediate, and to assess the sustainability of these actions to close, reports on progress of testing issues
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Actively participates in the establishment of the second line / Corporate Functions (CF) regulatory compliance testing program and continuously provides feedback to various stakeholders (Corporate Functions, Direct Manager, Executive, Enterprise Compliance) on enhancements to the testing methodology
• Works with the Directors of Compliance, Senior Employees/Executive of the various Corporate Functions to develop, support and execute the CF Compliance testing program both locally and on a cross-border basis and in other areas as required.
• Active participation in the development of Annual /Multi-Year testing plan and methodologies and procedures; including tracking of testing completion against the plan
• Provides advice and counsel to CF departments with respect to the testing program and procedures
• Identifies and analyzes trends and/or gaps across CF departments,
• Reports findings and metrics to stakeholders including Senior/Executive Management with recommendations on how to improve the effectiveness of controls to CF Management.
• Works closely with counterparts in Compliance to ensure consistency and alignment on the testing program and best practices across the organization.
• Works with wide range of stakeholders including first line, internal controls, operations, internal audit and business/corporate function unit compliance across all jurisdictions to ensure that testing is executed in a well-coordinated manner.
• Liaises with CF departments to implement changes to processes or procedures, as required based on testing results.
• Constantly look for opportunities to automate and increase efficiencies in the testing process.
• Pro-actively identifies potential violations of regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate compliance risk.
• Builds a high-performance environment and supports 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.
• 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, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to regulatory compliance risk, including but not limited to responsibilities under Regulatory Compliance Risk Management Framework.

Qualifications

• BA or international equivalent with professional designation /degree such as CPA, CFA, MBA, CISA
• A minimum 8 years of relevant experience in the financial services industry preferably within a regulatory compliance, audit, testing, or risk management function.
• Solid ability to quickly review, assimilate, prioritize, and escalate issues to appropriate stakeholders.
• Highly organized with a solid ability to manage multiple compliance reviews and projects, both with a high degree of complexity, at the same time and meet timely deadlines.
• Outstanding written and spoken communication abilities in English and/or Spanish.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Expert knowledge of Excel, Visio, PowerBI / Tableau
• Ability to drive success in a high performing, flexible and small team environment.
• Excellent knowledge of Corporate Functions (GRM, Finance/Tax, HR/Marketing/Real Estate, Information Technology & Solutions, Corporate Secretary, Legal, Corporate Security, Communications, Government Affairs, Ombudsman) and related regulatory compliance requirements.
• Proven experience deploying compliance solutions.
• Results orientation and data driven approach in decision making.
• Experience with providing insights to and interacting with the assessable units at multiple levels.
• Understands testing standards, tools and methodologies required for creating valuable compliance programs.

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 . 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.

Scotiabank