Director, International Banking and Corporate Functions Compliance Testing

Requisition ID: 234821

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Purpose
Primarily to provide an independent objective risk assessment and evaluation of the effectiveness of the design and operation of controls through testing and monitoring. The position leads coordinates and oversees the teams responsible for the execution of the Testing Pillar of the Global Compliance Program in International Banking International Wealth Management GBM&T Corporate Functions (CF) in IB countries and Corporate Functions in Canada. Ensure it is executed in accordance to Banks business strategies plans Testing Standards Monitoring Standards Regulatory Requirements and internal policies and procedures.

Is This Role Right for You In this role you will:
Be accountable for development overseeing and execution of Annual testing plan multi-annual testing plan and ad-hoc testing in accordance with Global Compliance Testing Standards procedures and methodologies; including tracking and reporting of testing completion against annual test plan and ad-hoc testing assessing the design and operating effectiveness of controls in scope in addition to reporting of testing outcomes trends metrics KPIs and KRIs.
Execute testing effectiveness assessment of Compliance monitoring activities as applicable and report on outcomes in accordance to Global Compliance Monitoring Operating Procedures.
Identify assess communicate and mitigate Compliance risks maintain oversight and awareness of applicable regulations and provide advice and guidance to local Compliance Corporate Functions and Internal Control stakeholders particularly where issues are raised in regulatory and audit reports and oversee corrective measures; identify opportunities for technology and process improvement that could enhance the effectiveness or efficiency of the Compliance programs.
Provide independent effective challenge across International RCM program for activities which may expose the bank to compliance risks across the 8 pillars and Enterprise Programs (such as Conduct and Culture Risk ABAC and Privacy Risk) as appliable; including but not limited to responsibilities under the Operational Risk Management Framework Regulatory
Compliance Risk Management Framework Privacy Risk Framework and
the Code of Conduct.
Responsible for validating actions taken by management to close reported testing issues to assess the sustainability of these actions for issue closure.
Identify define and build a more risk effective and cost-efficient testing program by providing feedback on enhancements to the testing methodology (which includes risk prioritized assessments testing cycles reporting results and more) looking for opportunities to automate testing procedures etc.
Develop implement and maintain applicable global frameworks and standards policies procedures and related documentation relevant to IB Compliance and Corporate Functions as required.
Identify opportunities to align and leverage testing across the 3 lines of defense to minimize the impact on the business.
Develop strategic relationships and collaborate with Business Line Compliance Local Compliance Internal Controls Audit Corporate Function Corporate Functions Compliance Global Compliance Pillars & Enterprise Programs to ensure Scotiabank Global Compliance has a coordinated efficient and effective Compliance Programs.
Lead and build a high-performance team with objective to and implement a people strategy that attracts retains develops and motivates the team by fostering an inclusive work environment; apply a coaching mindset and behaviors to communicate vison/values/business strategy and manage succession and development planning for the team; ensure necessary tools & training are provided for the team to manage their Compliance activities.
Lead and drive a Win-as-One Team culture throughout the team to deepen relationships and leverage broader Bank relationships systems and knowledge; support to ensure team members maintain a comprehensive understanding and ongoing monitoring of the status of initiatives/project/deliverables within each of their portfolios; including participation in working groups and other oversight processes.
Understand how the Banks risk appetite should be considered in day-to-day activities measured monitored and reported.
Support and inform the CCO opinion on the adequacy of and adherence to and effectiveness of compliance related activities; including reporting to management & various committees such as Compliance Risk Oversight Committee (CROC); support an ongoing commitment to continued improvement of KPIs and KRIs and liaising with other international and CF groups in support of the committees mandate.

Do You Have the Skills
Post-secondary education with relevant experience in the financial services industry preferably within a CF business line regulatory compliance operations technology audit or risk management function
Post-Secondary Education: CPA or MBA is desirable
Ability to lead a high performing flexible team environment across multiple jurisdictions
Strong knowledge of banking regulations products & services technology and operations with a general understanding of different legal systems applicable to the jurisdictions the Bank operates in
Strong analytical and communication skills and results orientated and data driven approach in decision making
Experience with providing insights to and interacting with the CFs/business lines
Ability to positively influence senior management to successfully implement and maintain program
Experience using analytics to identify areas of risk and opportunities for improvement
Strong knowledge of Microsoft applications (including Word Excel and Power Points) and Power BI.

Whats In It for You
Champion a high-performance environment and contribute to an inclusive work environment.
The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
A competitive compensation and comprehensive benefits plan.
An organization committed to making a difference in our communities - for you and our customers.
You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

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.