Senior Manager, Regulatory Governance & Policy Oversight Business Banking Credit Risk

Requisition ID: 239831

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

The Senior Manager reports to a Director while operating in a team-based environment within Business Banking Credit Risk (BBCR). The role supports BBCRs strategic vision by ensuring its governance framework aligns with global regulatory requirements and risk management best practices. The Senior Manager is responsible for monitoring regulatory developments assessing their impact and supporting compliance strategies that enhance risk governance. The role provides effective challenge identify gaps and opportunities for improvement drives a strong risk culture and collaborates across GRM BBCR and the Bank to break down silos while ensuring regulatory expectations are met.

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

• Contributes to a risk-aware culture that prioritizes strong governance regulatory compliance and proactive risk management across Business Banking Credit Risk fostering collaboration and leveraging broader Bank relationships systems and knowledge.
• Conducts an in-depth regulatory review of policy governance in Business Banking Credit Risk across all business lines to identify gaps and potential gaps. Monitors and interprets evolving regulatory landscapes to ensure the bank is proactively aligned with local/global regulations.
• Oversees supports and ensures compliance with the GRM Regulatory Compliance Management (RCM) program and its pillars including the Compliance Library for BBCR and Horizon Scanning.
• Partners with all relevant stakeholders including risk management teams legal and compliance to assess the impact of new regulations and ensures timely implementation of necessary changes.

• Maintains in-depth knowledge and understanding of applicable regulations related to BBCR across relevant jurisdictions.

• Establish a policy governance framework to ensure policies are reviewed updated established with appropriate oversight and in adherence the governance framework and schedule.

• Partners with policy owners to ensure the development and implementation of policies and procedures to meet regulatory obligations.

• Oversees governance processes to ensure BBCR remains aligned with regulatory requirements and evolving risk management frameworks.

• Identifies raises and tracks issues liaising with non-compliant teams to develop and implement action plans for resolution.

• Develops and delivers regulatory risk assessments strategic insights and reports to senior management and key partners and stakeholders providing recommendations to enhance policy governance and regulatory alignment.

• Understands how the Banks risk appetite risk culture and strategic priorities should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML/ATF/sanctions and conduct risk.
• Builds a high performance environment and implements a people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role Wed love to work with you if you have:

• Post-Secondary Education completed preferably in Finance Business Administration or related experience
• 3 years of experience in regulatory affairs compliance and business banking credit risk.
• Deep understanding of regulatory requirements specific to Business Banking Credit Risk including capital adequacy risk governance and credit risk management regulations issued by key regulatory bodies such as OSFI the Office of the Comptroller of the Currency (OCC) the Federal Reserve the European Banking Authority (EBA) and the Basel framework is preferred.
• Expertise in governance regulatory compliance and policy oversight with experience in designing and implementing regulatory frameworks.
• Exceptional knowledge of the Banks policies procedures and audit disciplines as well its business lines and operations.
• Exceptional verbal and written communication skills with the ability to engage and influence stakeholders at various levels.
• Strong analytical and problem-solving skills with a keen attention to details.
• Excellent teamwork interpersonal and conflict resolutions skills
• Proficiency in Microsoft Office Suite (PowerPoint Excel Word SharePoint) data analysis tools (e.g. PowerBI) policy analysis tools (e.g. OpenPages LexisNexis ClauseMatch) and experience with workflow and project management tools
• Ability to manage shifting priorities in a fast-paced agile environment ensuring deadlines and regulatory expectations are met.
• Global (across Scotiabank footprint) and covers various business lines Corporate Commercial International Wealth
• Strong cross-functional relationships across various groups within the Bank ensuring effective collaboration and alignment.
• Deep understanding of the regulatory environment applicable to financial institutions globally with the ability to interpret and apply evolving regulatory standards.
• The incumbent should be able to work in a fast-paced environment manage tight deadlines. and balance conflicting priorities
• Spanish or French would be an asset

Whats in it for you

• We have an inclusive and collaborative work environment that values curiosity & ownership encourages pragmatic creativity (i.e. true innovation) and celebrates success!
• An inclusive working environment that encourages creativity curiosity and celebrates success!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• A competitive rewards package that includes a base salary a performance bonus company matching programs on pension and profit sharing paid vacation personal & sick days medical vision and dental benefits that start from day one and much more!

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.