Director Technology Regulatory Management

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Benefits offered by this job

Diversity, Equity, Inclusion & Allyship

Accessibility and Workplace Accommodations

Upskilling opportunities

Competitive Rewards program

Community Engagement opportunities

Job summary

Scotiabank in Toronto is looking for a skilled professional to oversee technology regulations and ensure compliance with relevant laws. The candidate will manage various compliance initiatives, track regulatory issues, and build a high-performance environment.

The ideal candidate will have a university certification, a strong background in Risk Management, and the ability to manage multiple tasks effectively. Scotiabank offers a competitive rewards program that includes bonus, flexible vacation, and benefits from day one.

Qualifications

• Experience in Risk Management in Banking or Financial Services Industry.
• Knowledge of Compliance, Privacy, Conduct Risk, Culture Risk, SOX, AML and KYC policies.
• Ability to manage multiple tasks under tight timelines.

Responsibilities

• Provide global support for ensuring technology obligations are met.
• Ensure compliance with OSFI regulations and Canadian Provincial regulations.
• Lead compliance initiatives related to regulatory changes.

Skills

Risk Management in Banking or Financial Services

Knowledge of Technology regulations

Compliance and Privacy knowledge

Strong executive presence

Excellent communication skills

Ability to manage multiple tasks

Education

University certification

Job description

In this role you will:

• Provide global support for ensuring the Bank meets its technology obligations in all jurisdictions.
• Ensure OSFI regulations and Canadian Provincial regulations related to Technology and Cyber Security are met (e.g., OSFI B‑13 compliance tracking).
• Ensure timely horizon scanning, analysis, assessments and implementation for new or amended regulations impacting technology (Canada/Global).
• Maintain ongoing awareness of new and emerging regulatory guidelines, publications, and requirements relating to all aspects of Cyber and IT Risk.
• Help address requests, coordinate responses and prepare regulatory reports and updates as required (e.g., CROC, ROC report, Technology Regulatory Forum, Technology Risk Committee, Consultations and Advocacy Working Group, Corporate Functions Compliance).
• Track and update regulatory issues, monitoring compliance issues, on‑site reviews, and requests for information (RFIs).
• Ensure quarterly Regulatory Compliance and Risk and Control Assessments and all Canadian regulatory attestations are completed (e.g., SOX, RDARR, CFCPF).
• Assess, implement and lead remediation efforts required by technology regulatory changes that impact the Bank.
• Lead, assess, and implement all compliance initiatives including all pillars of the Regulatory Compliance Management (RCM) program and compliance transformation, and activities required for implementation of conduct risk, risk culture, privacy risk policies, records and information management and associated policies and frameworks.
• Track remediation of compliance gaps and report at appropriate committees and councils including Technology Risk Committee, Cyber & IT Risk Committee, and Control and Support Functions Core Risk Committees.
• Perform annual updates as needed on the Technology Regulatory Management Operating Procedures.
• Support the VP, Internal Controls & Regulatory Management and coordinate interactions with regulators in other jurisdictions on compliance risk related matters.
• Set the structure through which the mandate of the Technology Regulations is met and secure the means of attaining the mandate.
• Lead and drive a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Ensure alignment of technology regulations with Global Compliance policies and other enterprise policies and standards and the implementation of operational changes to align with policy amendments and regulatory changes, as required.
• Be responsible for the oversight and day‑to‑day management of all technology regulations; overseeing the interactions of the functions with senior management and other business line management.
• Represent Technology on senior committees related to Technology regulatory activities.
• Be responsible for providing oversight for Technology Regulations for the Bank, its key subsidiaries and affiliates by working closely with the 2nd Line of Defence (LOD), 3rd LOD, and Global Compliance Business Line Compliance teams.
• Direct day‑to‑day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicate the Bank’s risk culture and compliance and risk appetite statement throughout the team.
• Create an environment in which the team pursues effective and efficient operations of their respective areas, while ensuring the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to Technology Regulatory Regimes, requirements, defined procedures and frameworks, handbooks, and the Guidelines for Business Conduct.
• Build a high‑performance environment and implements a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment, communicating vision/values/business strategy and managing succession and development planning for the team.
• Maintain detail tracking and dashboards and reports for ensuring Regulatory Compliance Management functions.

Essentials for success:

• University certification.
• Experience in Risk Management in Banking or Financial Services Industry.
• Knowledge of the Technology regulations globally.
• Knowledge of Compliance, Privacy, Conduct Risk, Culture Risk, SOX, AML and KYC policies.
• Strong executive presence and ability to influence.
• Excellent written and verbal communication skills.
• Ability to manage multiple tasks under tight timelines.

Benefits:

• Diversity, Equity, Inclusion & Allyship – a culture where every employee is empowered to reach their fullest potential, respected for who they are, and embraced through bias‑free practices and inclusive values across Scotiabank.
• Accessibility and Workplace Accommodations – creating and maintaining an inclusive and accessible environment for everyone, removing and preventing barriers to build a diverse and inclusive office.
• Upskilling through online courses, cross‑functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits starting on day one.
• Community Engagement – opportunities for community engagement and belonging with various programs such as hackathons, contests, Humans of Digital and 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, 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.