Director, Compliance Quebec

Requisition ID: 237811

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

As an integral member of Scotiabank’s Global Compliance Leadership Team, the Director, acts as the thought leader in setting the strategy, oversight and execution of regulatory compliance risk management, with a primary focus on Quebec’s regional business priorities, with responsibilities that will eventually span other provincial and enterprise-wide regulatory initiatives. This role has overall responsibility for the independent assessment and management of regulatory compliance risk, aligned to Scotiabank’s strategic objectives and risk appetite while promoting a strong culture of ethics, compliance and integrity.

This role creates value by providing strategic direction and advice on regulatory matters (excluding AML) to Canadian Banking, promotes the proactive and effective identification, prioritization and management of regulatory and compliance risks for banking businesses operating in the region of Quebec and respective transformational initiatives and ensures ongoing compliance with applicable laws, regulations, voluntary codes and public commitments.

The Director reports to the Vice President, Canadian Banking and Corporate Function Compliance and regularly interacts with a diverse set of stakeholders to deliver Canadian Banking’s compliance programs and related initiatives and provides ongoing oversight, effective challenge and proper maintenance of the Regulatory Compliance Management Program through advice, research, analysis and recommendations.

Is this role right for you? In this role, you will be driving:

• Stands up and leads the design, planning and execution of regulatory compliance management programs and ensures they meet Enterprise Compliance standards and expectations, encompassing regulatory change management, monitoring and testing processes, and Compliance Risk and Controls Assessments (CRCA), etc.
• Provides expert advice and counsel to the business units related to regulatory obligations impacting Quebec and maintains a pulse on emerging risks, regulatory developments and regulator’s areas of focus
• Fosters and maintains collaborative relationships with key internal and external stakeholders including regulators, Canadian Bankers Associations, Legal/ Government Affairs, Global Compliance, Corporate Functions, Business Leaders to support the achievement of initiatives and risk mitigation approaches
• Primary point of contact for all Banking Business Line Executives, SMT, and other Functional Units in the region to coordinate and drive shared activities and accountabilities that impact regulatory compliance and provides independent oversight and effective challenge role over the 1st line risk and control owners
• Drives effective and efficient operations while ensuring adequacy, adherence to and effectiveness of business controls to meet regulatory obligations, regulatory compliance risk and conduct risk, including but not limited to, responsibilities under the Operational Risk Framework, Regulatory Compliance Risk Management, Privacy and the Guidelines for Business Conduct.
• As part of the Compliance leadership team, provides knowledgeable and practical direction to the Vice President, Canadian Banking and Corporate Function Compliance.
• Partners with the Compliance teams who oversee business units and program pillars (Oversight and Advisory and Enterprise Compliance, respectively) to deliver initiatives impacting the Compliance Program, including developing, maintaining and implementing improvements to policies, procedures and processes to ensure they meet Global Compliance standards.
• Responsible for the development and maintenance of ongoing high quality, insightful reporting provided by the Compliance Department to senior stakeholders including the Board of Directors, Senior Management Teams, and any applicable federal and provincial regulators.
• Leads Compliance engagements with internal audit and external reviews and responds to regulatory inquiries and investigations.
• Maintains a high level of awareness of compliance-related industry developments.
• Successfully engages and balances multiple initiatives simultaneously;
• Participates in projects and other duties as assigned.
  
  

Skills

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• 8 years of Compliance related experience in the financial services industry;
• Impact, influence maturity and experience working with a diverse group of stakeholders and demonstrated strong collaboration skills across the organization
• Experience in interpreting, advising and applying legal, regulatory and/or policy requirements
• Strategic and critical thinker, strong collaborator and experience in leading change with an innate ability to grasp both big picture and rigorous attention to detail
• Ability to draw connections between the regulatory requirements and business initiatives, recognizing oncoming impediments, risks, issues and support partners to clear the path proactively
• Assesses difficult compliance and regulatory issues, exercises sound judgement expeditiously with respect to risk mitigation and issue management and resolution.
• Analytical thinker, data centricity and strong problem solver with a results-oriented mindset; can triangulate multiple sources of information, explore a myriad of alternatives to draw meaningful insights and recommendations
• Must work proactively and agile; ability to manage several ongoing projects and competing priorities concurrently.
• Self-starter that takes initiative, navigates ambiguity and thrives in an empowering, autonomous environment and can work independently while staying strongly connected to the broader team
• Ability to communicate clearly and effectively both verbally and in writing;
• Francophone or bilingual anglophone with flawless mastery of French. The candidate must also have sufficient mastery of the English language, since the work involves interacting with, and integrating and reporting into the Bank’s Toronto-headquartered Compliance structures, as well as interacting constantly with several other internal and external English-speaking/writing counterparts, in Toronto and elsewhere.
  
  

What's 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!
  
  

In addition to French, the successful candidate must also have sufficient knowledge of English, as the work involves interacting and collaborating regularly with groups and individuals based in Toronto, as well as constantly interacting with other people, including clients, who speak English, locally and elsewhere.

Location(s): Canada : Quebec : Montreal

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.