Senior Manager, Compliance Testing - Corporate Functions

Scotiabank; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Manager for Compliance Testing in Toronto. This role will drive the compliance testing program, ensuring adherence to regulations and internal policies while fostering a high-performance culture. The successful candidate will possess significant experience in compliance, risk management, and leadership skills.

Qualifications

• 5+ years of compliance, audit or regulatory exam support experience.
• Very good understanding of risk & controls.
• Advanced knowledge of regulatory, compliance, and industry requirements.

Responsibilities

• Leads execution of compliance testing in Corporate Functions.
• Identifies compliance risks and develops testing programs.
• Maintains relationships with stakeholders to ensure alignment.

Skills

Leadership

Analytical skills

Communication

Project management

Relationship management

Attention to detail

Education

Post-Secondary education - CPA or MBA

Job description

Requisition ID: 219882

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

Purpose

The Senior Manager, Compliance Testing contributes to the overall success of the Global Compliance Testing program, with a focus on Corporate Functions(‘CF’) that include Global Risk Management, Finance/Tax, HR/Marketing/Real Estate, Technology, Corporate Secretary, Legal, Corporate Security, Communications (Canada). The Senior Manager ensures specific individual goals, plans, and initiatives are executed/delivered in support of the team’s strategies and objectives; and that all activities are conducted in compliance with governing regulations, internal policies and procedures and ethical standards.

Accountabilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Plans and executes compliance testing in Corporate Functions in order to assess compliance controls with legal, regulatory and internal Bank policy requirements.

• Works closely with the Director - Testing, along with other Compliance partners to develop, support and execute the testing program

• Actively participates in the establishment of the second line / Corporate Functions (CF) regulatory compliance testing program and continuously provides feedback to various stakeholders (Corporate Functions, Direct Manager, Executive, Enterprise Compliance) on enhancements to the testing methodology.

• Participates in the development of the Annual Test plan in coordination with local compliance counterparts, first line (1B) and internal audit, including tracking and reporting of testing completion against annual test plan.

• Maintains relationship with the Business Line Compliance, Internal Audit and first line to ensure alignment and smooth execution of test plans, to minimize the impact on business.

• Pro-actively identifies potential violations /risk of non-compliance with regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate compliance risk, generally in the course of execution of testing engagements

• Maintains relationships and works closely with Business Line management to understand compliance risk in the business and build/adjust our testing approach / issue recommendations accordingly.

• Identifies, defines, and builds a risk effective and cost-efficient testing program by providing feedback on enhancements to the testing methodology (which includes risk prioritized assessments, testing cycles, reporting results and more), looking for opportunities to automate testing procedures, use data analytics, etc.

• Identify trends and/or gaps and report findings with recommendations on how to improve the effectiveness of the business line controls.

• Validate actions taken by management to remediate, and to assess the sustainability of these actions to close, reported testing issues.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Functional Competencies

• Post-Secondary education - CPA or MBA is desirable

• A minimum of 5+ years of compliance, audit or regulatory exam support experience with at least 3+ years of which should involve testing or audit.

• Very good understanding of risk & controls – particularly controls testing methodology and related tool

• Advanced knowledge of regulatory, compliance, and industry requirements, including knowledge of related issues facing the CB & Canadian WM business lines

• Demonstrated leadership and people management skills and strong coaching skills

• Strong attention to detail.

• Strong written and verbal communication skills, Ability to communicate well across all levels of an organization.

• Excellent analytical skills with the ability to review, interpret and synthesize data to drive investigations on potential exceptions

• Demonstrated leadership and people management skills and strong coaching skills

• Strong relationship management skills

• Strong Project management skills

• Highly organized and capable of dealing with multiple complex projects.

• Nice to have – bi-lingual in English and French

Behavioral Competencies

• Clear and confident communicator – verbal & written; given interactions with Senior Executives

• Strategic Thinker and good negotiation skills

• Demonstrated ability to remain calm and focused when faced with competing issues of importance

• Change manager – able to demonstrate agility, resilience and resourcefulness in executing plans even in changing environments and within available resources and timeframes

• Ability to demonstrate multi-tasking and flexibility in working with diverse group of stakeholders/business units

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, 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.