Requisition ID: 103603Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
In this role, you will be responsible for supporting and coordinating supervisory exam management, continuous regulatory monitoring interactions, and reporting to internal Bank senior management and committees on regulatory topics. You will partner closely with, and provide support, advice and guidance, to business unit and control function management to support their regulatory interactions. You will also provides oversight and monitoring of remediation commitments made by Scotiabank U.S. to its regulators and assists with the preparation of formal responses to regulatory letters and commitments.
Is this role right for you?
Champions a customer focused culture to deepen regulatory relationships while leveraging broader Bank relationships, systems and knowledge:
Manages coordination of interactions with U.S. regulators, including but not limited to:
Providing U.S. oversight for regulatory examinations and be a central contact for regulators
Managing and coordinating events related to examinations and continuous monitoring, including negotiating scope and timing of reviews, monitoring and supporting delivery of requested information, and coordinating and attending regulatory meetings with control functions and business unit personnel
Collaborating with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions
Developing presentations for senior management meetings with regulatory stakeholders and regular reporting on regulatory matters to senior bank stakeholders and committees
Drafting of regulatory responses in coordination with other senior stakeholders and management
Providing oversight, monitoring and tracking of remediation commitments made by Scotiabank to Regulators and assist with execution of U.S. regulatory governance forum
Overseeing centralized issue management systems and repository where documents are stored and previous examination memos and reports are archived
Ensuring timely submission of all requested daily, weekly and monthly reporting to our regulators
Identifying risks arising from interactions with regulators and escalating them as appropriate
Understand how the Banks 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 operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
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
Do you have the skills you need to succeed? We’d love to work with you, if you have:
A Bachelors degree. (Masters, MBA/JD would be a plus)
At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency such as the FRB, FINRA etc. or a similar position in the financial services industry/ regulatory background
Prior consulting experience (a strong plus)
A detailed and in-depth understanding of financial markets, products and control functions
Excellent written and oral communication, with strong presentation and interpersonal skills to effectively guide internal and external partners
Attention to detail, strong planning and organization skills, with ability to multi task and manage changing priorities
The ability to work independently with both regulatory staff and senior Bank personnel
Strong Office productivity skills (MS PowerPoint, Word, Excel)
Location(s): United States : New York : New York City 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.
We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here.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.Note: All postings in [email protected] will remain live for a minimum of 5 days.