Director, Regulatory & Fiduciary Oversight

Scotiabank; Canada; On-site; CAD 90,000 - 150,000; Full time

Job summary

Join a forward-thinking financial institution as a Director of Regulatory & Fiduciary Oversight. In this pivotal role, you will lead a national team, ensuring compliance with fiduciary responsibilities and regulatory obligations. Your expertise will guide risk management initiatives and enhance operational excellence across various branches. This position offers the opportunity to make a significant impact by developing strategies that deepen client relationships and foster a culture of compliance and operational integrity. If you are a detail-oriented leader with a strong background in trust law and regulatory compliance, this is your chance to thrive in a dynamic and inclusive environment.

Qualifications

• 10+ years of experience in estate and trust matters.
• Strong analytical, research, and communication skills required.

Responsibilities

• Drive a customer-focused culture and deepen client relationships.
• Oversee compliance with AML/ATF, CRA, and SEC regulations.
• Manage processes related to complaints and litigation.

Skills

Analytical Skills

Communication Skills

Research Skills

Knowledge of Trust Law

Knowledge of Taxation

Knowledge of Investments

Detail-oriented

Education

Law Degree

Membership in STEP

Job description

Requisition ID: #

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

As the Director, Regulatory & Fiduciary Oversight, you will oversee all aspects related to Scotiatrust's fiduciary responsibilities and regulatory obligations. This includes managing various trust business types, leading a national team supporting Relationship Managers and Associates, and collaborating with control functions and partners to effectively manage risk. You will also develop and implement initiatives to enhance risk management frameworks and facilitate easier business processes. As the expert on estate and trust fiduciary and regulatory issues, you will manage policies and procedures and consult with stakeholders as needed.

Key Responsibilities:

1. Leadership and Customer Focus: Drive a customer-focused culture to deepen client relationships and leverage broader bank resources.
2. Branch Oversight: Provide guidance to branches, lead oversight and risk assessment processes, and manage business policies and controls.
3. Regulatory Compliance: Oversee compliance with AML/ATF, CRA, QI/FATCA/CRS, SEC/CSA regulations, and act as Chief Privacy Officer.
4. Audit and Risk Management: Lead efforts for internal, external, and regulatory audits, partnering with control functions to embed risk management.
5. Litigation and Complaints: Manage processes related to complaints and litigation, ensuring regulatory and industry standards are met.
6. Subject Matter Expertise: Provide expertise on fiduciary and legal matters, support onboarding, initiatives, reporting, and manage complex files.
7. Risk Culture: Incorporate the bank’s risk appetite into daily activities and decisions.
8. Operational Excellence: Ensure effective operations and controls to meet operational, compliance, AML/ATF, and conduct risk obligations.

Qualifications:

• Minimum 10 years’ experience in estate and trust matters, in private practice or trust industry.
• Law degree and ability to speak/read French preferred.
• Membership in STEP.
• Extensive knowledge of trust law, taxation, investments, and custody accounts.
• Strong analytical, research, and communication skills.
• Experience dealing with regulators, legal counsel, and cross-functional teams.
• Detail-oriented with a desire to expand knowledge.
• Familiarity with FATCA, CRS, QI, and related tax treaties.
• Knowledge of relevant legislation including Bank Act, Trust Act, AML/ATF laws, and provincial Trustee Acts.

Locations:

Toronto, Calgary, Vancouver, Halifax, Ottawa, Canada.

About Scotiabank:

Leading in the Americas, guided by the purpose: "for every future," we support our customers and communities with a broad range of financial services. We value diversity and are committed to an inclusive environment. Accommodations are available during the recruitment process. Only shortlisted candidates will be contacted.