Director, Compliance

Scotiabank; Montreal; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Director for their Compliance team in Montreal. This pivotal role involves leading compliance initiatives, ensuring adherence to regulations, and providing expert guidance to various stakeholders. The successful candidate will foster collaborative relationships while managing multiple projects in a dynamic environment. With a focus on compliance excellence and operational effectiveness, this role offers a rewarding opportunity to make a significant impact. Join a forward-thinking organization that values inclusivity and professional growth, and be part of a team dedicated to achieving success for clients and communities alike.

Benefits

Inclusive work environment

Professional development opportunities

Internal training programs

Performance bonus

Company matching on pension

Paid vacation

Medical benefits

Vision benefits

Dental benefits

Qualifications

• 8+ years of experience in Compliance within financial services.
• Strong analytical and communication skills in English and French.

Responsibilities

• Lead Compliance program and ensure adherence to regulations.
• Provide expert advice on compliance obligations impacting Quebec.

Skills

Compliance experience

Analytical skills

Communication skills

Project management

Bilingual (English and French)

Job description

Requisition ID: 211682

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

The Director contributes to the overall success of the Compliance team by supporting and championing the team’s strategies and initiatives with a primary focus on the Quebec region. Ensure all activities conducted are in compliance with governing regulations, internal policies, and procedures.

The Director reports to the Vice President, Canadian Banking and Corporate Function Compliance and regularly interacts with a diverse set of stakeholders to deliver change initiatives impacting Canadian compliance programs and provides ongoing oversight and maintenance of the Program through advice, research, analysis, and recommendations.

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

• Lead Compliance program for planning and execution for all Enterprise Compliance initiatives including implementing and maintaining enterprise controls such as regulatory change management, monitoring and testing processes, and Compliance Risk and Controls Assessments (CRCA).
• Lead the Language Regulations Compliance Program in alignment with the Compliance Management Framework, including managing applicable reporting, complaint handling, and regulatory interactions.
• Actively pursue effective and efficient operations of his/her respective areas while ensuring adequacy, adherence to, and effectiveness of business controls to meet obligations with respect to operational risk, regulatory compliance risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Guidelines for Business Conduct.
• Partner with the Compliance teams who oversee business units within Canada 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.
• Provide expert advice and counsel to the business units related to regulatory obligations impacting Quebec.
• Ensure the design of the Compliance Program is aligned to Global Compliance standards and expectations.
• As part of the Compliance leadership team, provide knowledgeable and practical direction to the Vice President, Canadian Banking and Corporate Function Compliance.
• Develop and maintain ongoing reporting provided by the Compliance Department to senior stakeholders including the Board of Directors, Senior Management Teams, and any applicable provincial regulators, ensuring this reporting meets the standards and expectations of Global Compliance.
• Lead Compliance engagements with internal audit and external reviews and respond to regulatory inquiries.
• Foster and maintain collaborative relationships with key internal and external stakeholders including Global Compliance, Corporate Functions, regulators, and asset management business leaders to support the achievement of initiatives and overall objectives.
• Maintain a high level of awareness of compliance-related industry developments.
• Successfully engage in multiple initiatives simultaneously; and
• Participate in projects and other duties as assigned.

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;
• Able to assess difficult compliance and other regulatory issues, exercising sound judgement expeditiously with respect to such issues;
• Ability to communicate clearly and effectively both verbally and in writing;
• Excellent communication in both English and French;
• Strong analytical skills and results-oriented approach to decision making;
• Ability to drive success in a high performing, flexible and small/medium team environment;
• Ability to manage several ongoing projects and competing priorities concurrently; and
• Enthusiasm for making a positive impact on Compliance.

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!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• Hybrid Work Environment
• 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!

Pursuant to a language needs assessment conducted by Scotiabank, the successful candidate will be required to be able to communicate in English, in addition to French because they will be required to work closely with other groups from head office who operate primarily in English and they will serve an English-speaking clientele.

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 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.