Senior Manager, Regulatory Initiatives

Requisition ID: 193577
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Is this role right for you? In this role you will:

• Lead compliance of Scotiabank's Operational Risk Management Framework for all Wealth Management (WM) businesses
• Lead the development, implementation, and documentation of the overall operational risk framework for WM business lines
• Proactively identify, assess, mitigate, and monitor operational risks, while providing key oversight functions including Risk and Control Self-Assessment (RCSAs, Key Risk Indicators (KRIs), New Initiative Risk Assessment (NIRA), Operational loss reporting and Scenario analysis
• Lead compliance to Scotiabank's Third-Party Risk Management (TPRM) Policy for WM business lines
• Work closely with WM business lines to proactively identity, assess, mitigate, and monitor outsourcing risks while providing key oversight functions and program assurance
• Assist in the implementation of the TPRM program for WM
• Participate in the TRPM re-design and project implementation organized by Scotiabank
• Provide advice and counsel to the relevant business units
• Assist Regulatory Operations and Controls in monitoring applicable regulations as required, ensuring timely compliance with new regulations
• Support the development and implementation of FATCA/CRS/QI Operating Procedures, governance, and oversight model
• Facilitate the remediation and resolution of any identified gaps with the business and implement applicable controls
• Assess and determine critical business services, current resilience capabilities, dependencies and maturity levels and constraints
• Create scenarios to evaluate which services are at risk and develop mitigation plans
• Adhere to the Enterprise Operational Resilience program by developing Global Wealth Management internal controls governance model
• Lead the program to ensure WM is compliant with Scotiabank's Enterprise Fraud Risk Program
• Be responsible for Business Line Fraud KRI reporting
• Conduct Op Risk RCSA & Scenario Analysis incorporating fraud risks
• Facilitate NIRA fraud assessments
• Report Op Risk Events and escalations for fraud events to management

The Must Haves:

• University degree with a Major in either Finance, Commerce, Business Administration or Law
• Master's degree is an asset
• Seven plus years' experience in either an Internal Controls, Operational Risk, Compliance, or Internal Audit function
• Previous experience in a leadership and people management role
• Strong understanding of wealth management businesses, including products, services, operations, systems, and practices
• Strong knowledge of regulations and policies & procedures impacting wealth management businesses
• Professional designations/certifications are an asset including CPA, CFA, CSC.
• Expert knowledge of Microsoft package including Excel, Word, Power Point

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• An ability to drive success in a high performing, flexible team environment
• The ability to effectively work with and influence stakeholders to implement initiatives
• Effective communication skills both written and verbal
• Project Management skills
• Quick learner, self-starter, with questioning mindset
• Data analytics experience (Tableau, power BI)

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.