Manager, Compliance Testing - Corporate Functions Compliance

Requisition ID: 215906

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

Job Purpose

The Manager, Compliance Testing contributes to the overall success of the Global Compliance Testing program, with a focus on Corporate Functions('CF') that include Global Risk Management, Finance/Tax, HR/Marketing/Real Estate, Technology, Corporate Secretary, Legal, Corporate Security, Communications (Canada). The Manager ensures specific individual goals, plans, and initiatives are executed/delivered in support of the team's strategies and objectives; and that all activities are conducted in compliance with governing regulations, internal policies and procedures and ethical standards.

Key Accountabilities

• Plans and executes compliance testing in Corporate Functions in order to assess compliance controls with legal, regulatory and internal Bank policy requirements.
• Ensures testing is adequately designed and executed to identify potential control gaps and non-compliance with laws and regulations by focusing on the applicable regulatory requirements, policies and procedures and ethical standards of the Bank.
• Actively participates in the development, documentation and communication of the CF testing plan.
• Sustains strategic relationships and develop alliances with key contacts and Corporate Functions partners (EO groups) to ensure alignment of testing across the 3 lines of defence.
• Escalates potential issues and exception items noted during the review process to senior and executive management.
• Reports to Senior Management and Executive on the status and results of testing. Provides analysis and trends on the same. Supports reporting and executive presentation as required.
• Ensure that the stakeholders, senior and executive management of the Corporate Functions respond with appropriate action plans to address all draft recommendations and deficiencies noted during the fieldwork process.
• Manages the issues resulting from testing reviews and monitors the progress of action plans until closure. Identifies potential common themes to propose harmonized action plans.
• Validates actions taken by management to remediate, and to assess the sustainability of these actions to close, reports on progress of testing issues
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Actively participates in the establishment of the second line / Corporate Functions (CF) regulatory compliance testing program and continuously provides feedback to various stakeholders (Corporate Functions, Direct Manager, Executive, Enterprise Compliance) on enhancements to the testing methodology.
• Active participation in the development of Annual /Multi-Year testing plan and methodologies and procedures; including tracking of testing completion against the plan
• Provides advice and counsel to CF departments with respect to the testing program and procedures.
• Identifies and analyzes trends and/or gaps across CF departments.
• Reports findings and metrics to stakeholders including Senior/Executive Management with recommendations on how to improve the effectiveness of controls to CF Management.
• Works closely with counterparts in Compliance to ensure consistency and alignment on the testing program and best practices across the organization.
• Works with wide range of stakeholders including first line, internal controls, operations, internal audit and business/corporate function unit compliance across all jurisdictions to ensure that testing is executed in a well-coordinated manner.
• Liaises with CF departments to implement changes to processes or procedures, as required based on testing results.
• Constantly look for opportunities to automate and increase efficiencies in the testing process.
• Pro-actively identifies potential violations of regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate compliance risk.
• Builds a high-performance environment and supports 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.
• 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 regulatory compliance risk, including but not limited to responsibilities under Regulatory Compliance Risk Management Framework.

Education/Experience

• Post-Secondary education; preferably a degree/designation in risk management, information technology or audit
• A minimum 3 years of relevant experience in the financial services industry preferably within a regulatory compliance, audit, testing, or risk management function.
• Solid ability to quickly review, assimilate, prioritize, and escalate issues to appropriate stakeholders.
• Highly organized with a solid ability to manage multiple compliance reviews and projects, both with a high degree of complexity, at the same time and meet timely deadlines.
• Outstanding written and spoken communication abilities in English and/or Spanish.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Knowledge of Corporate Functions and related regulatory compliance requirements.
• Proven experience deploying compliance solutions.
• Results orientation and data driven approach in decision making.
• Experience with providing insights to and interacting with the multiple stakeholders.
• Understands testing standards, tools and methodologies required for creating and executing compliance testing programs.

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.