Toronto Employment Platform

Director, Regulatory Reporting Target Operating Model Program Lead, Non- Finance Units

Requisition ID: 105125Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.



Contributes to the overall success of improvements in the Non-Finance units (Global Compliance, Global Operations, GRM, GWO, Group Treasury, Global HR, Legal & Corporate Secretary’s, GWM JFL, Canadian Banking, IB Retail Banking) regulatory reporting operations by ensuring that the Global Regulatory Reporting Target Operating Model (RRTOM) implementation and alignment is appropriately planned, documented and tracked to meet the objectives of a fully developed standardized model delivered in support of the Regulatory Oversight Committee (ROC) objectives.  This effort may encompass two broad initiatives, namely ensuring all Program Governance implementation activities are in compliance with governing regulations, internal policies, procedures, fully align to the RRTOM dimensional requirements, including Regulator and Audit remediation to improve the quality of regulatory reporting.  


The Director coordinates with Global Finance Regulatory Risk Governance for advice and counsel, Chief Data Officers or delegates for data governance and Technology to facilitate and plan improvements. The Director will also coordinate with each of the Unit’s management to plan the implementation of policies, procedures and practices in compliance with the RRTOM.  In addition, the incumbent is responsible to perform appropriate change management and to review deliverables and artifacts to ensure quality for the Units.


The Director will have oversight over separate project teams for each non-finance area, providing quality control on the development of all action plans; challenging PMs on quality and identifying gaps in plans, ensuring alignment to RRTOM. The incumbent will be responsible for developing and issuing timely ongoing progress reports to executive stakeholders and providing updates to the relevant governance committees. The Director is also the representative working with the Units on the prioritization of Audit and regulatory remediation matters and is responsible for alignment to the plans, coordinating responses to support status reporting, in coordination with the Units management teams.


Key Accountabilities :


Lead the Implementation and coordinate the improvements and remediation projects for Non-Finance Units to support the RRTOM and to support regulatory standards

Oversee the separate project teams to ensure alignment and appropriate coordination
Ensure sufficient plans and track progress for the implementation of the Units’ regulatory alignment through the monitoring of project milestones, financial delivery, resource availability, issue management process and resolution 
Confirm sufficient plans and track progress for regulatory reporting remediation projects for Units
Direct and supports the alignment improvement of policies, procedures, processes, infrastructure and controls including providing analysis, support, advice and counsel to stakeholders and Non- Finance Units’ management on regulatory reporting operations
Ensure that internal functions supporting the effort are coordinated, informed and that their efforts are aligned with specific deliverables
Ensure that third party vendor arrangements align with the specific objectives, coordination standards, deliverables and quality to support implementation efforts and are provided efficiently and effectively 
Review proposed plans and execution to identify efficiencies or opportunities for improvement.
Provide oversight and support to ensure full resolution of all audit-related and regulatory issues.
Budget Management: Planning, estimating, budgeting and controlling cost to ensure assigned RRTOM related programs and projects are completed within the approved budget with minimal variance, using tools and reports to monitor and manage the program/project financial health.
Reports regularly to steerco and executive management of progress of project implementation and ensures risk and issues are escalated on a timely basis

Resource Management and team leadership 
Resource Management: Organizing and managing project teams, workstream/functional leads, and where relevant, direct report resources, ensuring mentorship, coaching and career planning. Proactively plan in order to estimate and acquire project resources, assign tasks and manage and hold accountable each resource on the team to the level of participation required
Support the implementation by defining the required skill sets and coordinating with the Units management for resource requirements 
Identify and resolve project conflicts, duplication and close control gaps on a flow basis. 
Serve as a training resource to project resources on standards and transformation expectations
Coach workstream leaders on leadership competencies
Ensure the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk and regulatory compliance risk

Regulatory Reporting Internal Control, Change Management and Communication
Implement and maintain a robust internal control framework over the regulatory reporting processes in the Units through the effective management of monitoring processes and/or review by maximizing the use of automation in monitoring and the escalation of problems.
Ensures that complete, accurate and timely reporting is provided to Executive Management on the status of regulatory reporting operations / processes, particularly with respect to established KPIs
Provides best practices sharing globally across Units to build understanding and alignment while fostering a culture of continuous improvement to sustain changes globally across the Units 
Responsible globally for providing to Units the necessary framework and guidance to effectively and efficiently maintain operational standards and reporting processes. 
In collaboration with Unit’s leadership, develop strong internal leaders to ensure regulatory reporting service excellence continuity
Ensure timely and effective change management communications and training leading to the successful remediation and implementation of the RRTOM

Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
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 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. 
Experienece / Education:


MBA or degree in business, operations management/ engineering or equivalent work experience. Alternatively, a bachelor’s degree in finance or accounting with a Master’s in computer science would be considered desirable.
At least 15 years of verifiable progressive experience leading areas related to Financial Information Management, regulatory reporting, business intelligence or internal controls. 
Minimum of 10 years’ experience required leading, developing and implementing very complex change management projects.  
Experience managing teams or coordinating among teams at least 10+ people.
Strong knowledge in internal controls, financial controls, reconciliations and performance management models is required.
The role requires advanced knowledge of regulatory reporting and Regulatory expectations for a Financial Institutions
This position is highly strategic and complex requiring a results-oriented individual who has a high degree of understanding of banking business, bank regulatory expectations and knowledge and understanding of Scotiabank’s Non-Finance Units and business lines. 
Familiarity with Banking product mix and best practices in internal control systems.
Must be able to engender trust and confidence across the bank based upon an ability to direct teams toward the key objectives and hold team leaders accountable for deliverables and quality standards.
Excellent people skills are required in order to foster a positive work environment that values teamwork and provides a productive, enjoyable and satisfying experience for all staff, and the ability to deliver results under tight deadlines and multiple priorities.
A strong communicator is a must for this role. Advanced written and verbal communications skills are essential to effectively drive change management across culturally diverse workforce. Excellent English written and verbal communication skills are also necessary
Sound understanding of regulatory and audit standards and regulatory review expectations.
Understanding of standards for a strong Non-finance function and regulatory reporting management.
Skills in project design, including among various workstreams.
Strong collaboration, facilitation, and conflict management skills.
Effective listener and communicator, verbally and in writing.
Sound organizational abilities with the capacity to be innovative and think creatively.
Strong analytical skills with the ability to react quickly, under adverse operating conditions.
Strong work ethic and ability to meet tight deadlines within quality expectations.
Ability to lead cross-functional teams and interact with all levels of the organization.
Proficient in Microsoft Office Suite.

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.

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