Senior Manager, Regulatory Risk for Wealth Management

Scotiabank; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

Scotiabank is seeking a Senior Manager in Business Risk Management, Regulatory to contribute to Global Wealth Management’s risk and regulatory programs in Canada. You will help ensure compliance with governing regulations, internal policies, and procedures while supporting first- and second-line controls across the wealth management business.

The role demands strong knowledge of wealth management, regulatory frameworks, and stakeholder influence, with the ability to drive initiatives in a

Qualifications

• University degree and significant related experience in financial services.
• Strong understanding of wealth management businesses, including products, services, operations, systems and practices.
• Strong knowledge of regulations and policies & procedures impacting wealth management businesses.
• Ability to drive success in a high performing, flexible team environment.
• Ability to effectively work with and influence stakeholders to implement initiatives.
• Experience with providing insights to and interacting with the business.
• Excellent communication and writing skills.

Responsibilities

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Supports 1st line Non-Financial Risk Management Programs across GWM, including Privacy, Anti-Bribery & Anti-Corruption, Conduct Risk and Regulatory Compliance.
• Supports 2nd line compliance programs, including Regulatory and Controls Library, Compliance Risk Control Assessments, Issues Management, and assists the business to prioritize and implement regulatory changes and/or requirements.
• Provides support to GWM business units in identifying and tracking progress on regulatory issues, compliance test findings, regulatory examinations and regulatory commitments and in identifying, assessing, tracking, escalating and assisting the business units to address regulatory issues in timely manner.
• Assists with projects as required; analyzing, defining and recommending changes in internal control operating models, processes, and structures to maximize internal control processes to mitigate risk and improve business effectiveness.
• Works closely with counterparts to share best practices, avoid silos, and ensure consistency and alignment across first line of compliance policies and frameworks.
• Maintains a high level of awareness of industry issues and practices, regulatory requirements and associated changes.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively 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.
• Champions a high performance environment and contributes to an inclusive work environment.

Skills

University degree

Stakeholder management

Regulatory knowledge

Communication

Education

University degree

Job description

Scotiabank is seeking a Senior Manager in Business Risk Management, Regulatory to contribute to Global Wealth Management’s risk and regulatory programs in Canada. You will help ensure compliance with governing regulations, internal policies, and procedures while supporting first- and second-line controls across the wealth management business.

The role demands strong knowledge of wealth management, regulatory frameworks, and stakeholder influence, with the ability to drive initiatives in a