Director, Global Sanctions Regulatory and Emerging Risks

Requisition ID: 228912

Salary Range:180000.00-301500.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America operating globally for over 100 years. Scotiabanks strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing mergers & acquisitions corporate banking institutional equity sales trading and research fixed income products derivatives energy foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

The incumbent will lead the sanctions environmental landscape analysis by conducting research identifying assessing and advising on emerging risks and sanctions regulatory changes. The incumbent will stay abreast of sanctions regulatory changes analyze potential impacts develop strategies to ensure compliance and minimize potential liabilities.

The incumbent will advise and report to the Deputy Global Head of Sanctions and coordinate with Global Sanctions principles to ensure applicable policies standards procedures trainings and governance functions are agile to meet the ever-evolving sanctions risks.

What Youll Do

The Sanctions Regulatory Emerging Risks Director oversees the identification assessment and management of risks connected with new or emerging sanctions regulatory and legal risks ensures sanctions compliance and minimizes potential negative impacts for an organization. The incumbent is responsible to lead and oversee the Global Sanctions Regulatory and Emerging Risks function which includes the following:

Key Responsibilities:

• Regulatory & Industry Expertise - Stay abreast of changes in sanctions regulations emerging risks and industry best practices providing expert guidance to the organization.
• Regulatory Liaison - Act as the primary focal point and liaison with regulators and examiners providing accurate information and responding to inquiries.
• Strategy Development - Develop and implement strategies to mitigate or address identified emerging sanctions regulatory risks.
• Monitoring and Analysis - Continuously monitor and research the sanctions regulatory landscape for emerging trends new regulations and changes to existing rules. Ability to analyze complex information and identify potential sanctions risks.
• Policy & Strategy Development - Contribute to the development and implementation of regulatory policies and strategies and emerging risks impacting the sanctions compliance programme.
• Risk Assessment Identification & Remediation - Conduct regular risk assessments to identify and assess potential sanctions regulatory risks including those arising from new or changing laws regulations or industry trends. Identify and where applicable/possible mitigate sanctions-related risks including emerging risks and vulnerabilities and ensure adherence to regulatory requirements. Evaluate the potential impact of emerging sanctions regulatory risks to the organization.
• Business Relationship Management - Partner with and strengthen relationships with business units to understand their operations and identify potential regulatory and emerging risks.
• Cross-functional Collaboration and Communication - Work closely with various departments including compliance risk management and business units to ensure a coordinated and effective approach to managing emerging regulatory risks. Excellent written and verbal communication skills to effectively convey information to various stakeholders.
• Reporting - Provide updates on sanctions regulatory changes and emerging risks updates to the Deputy Global Head of Sanctions and relevant management for a/committees and personnel as requested.
• Knowledge Awareness - Understand how the Banks risk appetite and risk culture should be applied in day-to-day operations and decisions. Develop your own knowledge and contribute to the Banks knowledge-base by staying abreast of sanctions industry practices regulatory standards and emerging risks.

Leadership:

• Establishing a high-performance environment that reinforces both individual accountability and strong inter- group cooperation.
• Fostering an inclusive work environment that reinforces mutual respect and collaboration between all team members whilst taking into account individual differences and working styles.
• Communicating a clear vision and business strategy.
• Ensuring that management expectations including accountabilities objectives are effectively communicated and monitored.
• Empowering all team members to develop creative and strategic solutions including streamlining processes and planning initiatives where appropriate.
• Driving collaboration and efficiency across multiple teams globally in connection with the range of program execution and oversight tasks associated with financial crimes and sanctions.
• Building strong partnerships with First Second Line business and Control Functions and other key stakeholders in connection with the Banks Sanctions Program and working collaboratively across functional teams to resolve open issues in a timely and effective manner.

What Youll Bring

• Education Minimum Bachelors degree in business or related field JD preferred;
• Industry Experience - Minimum of 7 years in sanctions compliance related functions in financial services or a comparable government agency or a related field;
• Sanctions Regulatory Expertise and Knowledge - Extensive knowledge of U.S. and Canada sanctions regulatory requirements and other global sanctions programmes including understanding of relevant sanctions laws regulations and industry trends;
• Risk Management Expertise - Proven ability to assess manage and mitigate risks related to sanctions compliance;
• Analytical and Problem-solving skills - Ability to analyze complex information and identify potential risks and resolve complex issues and recommend/develop remediation plans including conducting environmental scanning of emerging risks;
• Communication and Interpersonal skills: Excellent communication skills to effectively convey information to stakeholders and interpersonal skills for interacting with regulators and stakeholders including working with diverse teams and building strong relationships;
• Leadership skills A thought leader in a risk and regulatory area ability to lead and manage a your own and regulatory professionals prioritize tasks and meet deadlines;
• Communication Skills - Excellent written and verbal communication skills to effectively convey complex risk information to stakeholders across the Bank;
• Computer Skills - Advanced skills in Microsoft Office suite including Excel Access Visio Project and PowerPoint.

Interested

If your experience is closely related but doesnt align perfectly with every qualification we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank every employee is empowered to reach their fullest potential respected for who they are and embraced for their differences. Thats why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Whats in it for you

Scotiabank wants you to be able to bring your best self to work and life every day. With a focus on holistic well-being our many flexible benefit programs are designed to help support your unique family financial physical mental and social health needs.

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.

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.