Job Information
Scotiabank Manager, Regulatory Initiatives & Reporting in Toronto, Ontario
Manager, Regulatory Initiatives & Reporting
Requisition ID: 198096
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
The Manager, Regulatory Initiatives & Reporting (1A) reports to the Senior Manager, Regulatory Initiatives & Reporting for Private Investment Counsel (PIC). The incumbent is responsible for supporting PIC’s audit and testing initiatives as well as PIC’s internal regulatory reporting. The Manager will work closely with key business partners such as Compliance, Internal & External Audit, and 1B functions to enhance and streamline policies & procedures used to manage and report on risk.
Additionally, the incumbent will be responsible for assisting the Senior Manager with managing a wide variety of regulatory initiatives in collaboration with the above-mentioned partners. As new regulatory initiatives come up, the incumbent will be asked to help support of the roll-out, implementation and program administration of such initiatives.
Accountabilities
Manage internal audit and testing initiatives from Request to Information to final findings and closure reports, while delegating necessary data and document collection to the Senior Administrator(s)
Work with the Senior Manager to remediate projects arising from regulatory initiatives and communicating findings and implementing corrective actions.
Providing AML/ATF compliance support to PIC branches and Relationship Managers
Identify unacceptable AML/ATF risks and escalate to Senior Manager
Assist in the review and approval of high-risk accounts for both internal & external custodied accounts when applicable
Ensure processes & controls are updated in accordance with regulatory developments
Assist the Senior Manager with managing and maintaining data for numerous reporting initiatives, including identifying efficiency gaps and finding resolutions to those gaps
Work with internal compliance departments for investment management, privacy, AML and 1B
Work with the Senior Administrator to manage and maintain policies, procedures and best practices for the 1A division of PIC
Assist in role outs of new processes and procedures, including those created through audit findings
Assist in drafting or reviewing communications to the PIC field on changes to regulatory policies and internal procedure changes
Support any other PIC EO or 1A initiatives as assigned
Qualifications
University or Community College degree preferred
3 to 5 years in a compliance or similar role
Previous people management experience an asset
Strong understanding of the Private Investment Counsel (PIC) strategy and vision
Strong knowledge of Private Investment Counsel (PIC) operations and sales environments
Thorough knowledge of policies, procedures, operational processes and systems that support PIC
Excellent written and verbal skills required to prepare communications and interact effectively with Senior Management, other Bank departments and external parties;
Excellent time management skills
Strong interpersonal skills that facilitate a positive and effective team environment at all levels of the organization.
Dimensions
Will oversee 2 direct reports
Strong communications and interpersonal skills
Solid time management and prioritization skills
Demonstrated independence and collaboration, with an ability to build strong cross-cultural and cross-divisional team relationships
Excellent team player
Detailed understanding of the following:
Related policies/procedures/operational processes/systems
PIC Regulatory environment
Functions of the areas supported
Functionality of relevant Systems and technology and their interfaces both internally and externally overall Scotia Wealth Management offering and its associated business lines
Working Conditions
Fast-paced hybrid-office environment
Detail and close attention required
Unplanned operating problems and tight deadlines may bring stress
Work with moderate supervision in the execution of projects with direction received from peers/management on overall objectives for projects and assignments
Highly matrix organizational structure
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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.