Vice President, Global Trade Finance Operations

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

Job summary

An established industry player is seeking a Vice President for Global Trade Finance Operations. This pivotal role involves setting up and leading a high-performing team across multiple regions, ensuring compliance with regulations while optimizing operational models. You will partner with various departments to enhance service delivery and client relationships, driving a culture of excellence and risk management. If you are passionate about transforming trade finance operations and leading teams to success, this opportunity is for you.

Qualifications

• Solid background and experience in Global Trade Finance.
• High awareness of lending regulations and compliance risks.

Responsibilities

• Leads customer-focused culture to deepen client relationships.
• Drives operational delivery and strategic business case development.

Skills

Global Trade Finance

Leadership

Risk Management

Customer Relationship Management

Process Improvement

Education

MBA

Certified Credit Professional

ACAMS Certification

Job description

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Title: Vice President, Global Trade Finance Operations

Requisition ID: 225358

We are committed to investing in our employees and helping you continue your career at Scotiabank.

Purpose

The Vice President, Global Trade Finance Operations (The VP) is responsible for setting up, building, and operating a successful Global Trade Finance Operations team with oversight of local markets across the Americas, Europe, and Asia. Designs, develops, implements, and integrates leading operational models, business architecture, and technology solutions to enable the business to achieve targets and sustain performance.

The VP is responsible for ensuring strategies and solutions are executed / delivered in compliance with governing regulations of each country in which it operates, internal policies and procedures, and fostering a risk culture on the team focused on mitigating risks for clients and the Bank.

The VP also sets the overall vision for this operations team, while partnering across the enterprise, including key partners in GTB, the business lines, Technology, Finance, Compliance, Risk Management, and others across the organization to enable the team to deliver on its vision.

Accountabilities

• Leads and drives a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Provides overall leadership of the operational delivery in support of Global Trade Finance Operations across geographies:
• Actively partners with the business to define the scope and optimal operating model to achieve goals and establish a robust roadmap to deliver against business objectives; with focus on ability to scale with pace and standardize the Trade Finance operations function.
• Leads the concept, design, and overall strategy for the operations for the business leveraging key partnerships across the bank.
• Establishes governance framework with standardized practices/playbooks across hubs/teams to minimize fragmentation, duplication, and manual workarounds.
• Supports strategic business case development, benefits tracking / realization through feedback on client and operational metrics around support and service.
• Acts as a critical product owner, influencing technology solutions selection, enhancements, and upkeep to meet evolving needs and demands of the portfolio and enable data-driven decision making.
• Ensures the efficient delivery of operations: sets guidelines, develops, measures, and acts on key performance indicators and service level agreements.
• Guarantees the consistency and quality of the customer experience across all channels.
• Drives an enhanced stakeholder experience by minimizing risks to both parties and the Bank through active monitoring, analysis, and enhancements of operations, tools, instruments, and procedures throughout the customer journey.
• Serves as a thought leader and trusted business advisor to senior management and various stakeholders.

• Develops strategies to evolve, optimize, and mature the operational model by creating and executing against a roadmap, embedding resiliency, and striving to increase efficiency through process improvements, automation, standardization, and straight-through processing.

• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.

• Ensures that operational risks (including AML/ATF and Sanctions) are assessed and contained, while executing deals/transactions within the products and regions under scope. Also ensures that senior management is aware of any potential breaches in risks promptly, taking containment/remedial action as appropriate.

• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.

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

Education / Experience

• MBA, Certified Credit Professional or designation such as ACAMS is an asset.
• Solid background and experience in Global Trade Finance.
• Knowledge of corporate credit and trade finance products.
• High awareness of lending regulations, AML/ATF/Sanctions regulations, ICC rules for Trade Finance.
• Knowledge of Spanish and/or French is an asset.

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.

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