Senior Manager, Regulatory Relations

Scotiabank - Global Banking and Markets; Dallas (TX); On-site; USD 140,000 - 190,000; Full time

Job summary

Scotiabank is seeking a regulatory exam management professional to support supervisory exams, continuous monitoring and remediation oversight for U.S. regulators. You will work closely with business units and control functions to guide regulatory interactions and prepare formal responses.

You will develop senior-level presentations, track remediation commitments, and ensure timely reporting to regulators while maintaining centralized issue management and governance processes across the bank.

Qualifications

• Bachelor’s degree; Master’s, MBA/JD a plus.
• At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency such as the FRB, FINRA etc.
• Strong written and oral communication, with presentation and interpersonal skills.
• Detailed understanding of financial markets, products and control functions.
• Ability to work independently with regulatory staff and senior Bank personnel.
• Strong Office productivity skills (MS PowerPoint, Word, Excel).

Responsibilities

• Coordinate interactions with U.S. regulators and manage examinations.
• Develop presentations for senior management and regulatory meetings.
• Draft regulatory responses with stakeholders.
• Monitor remediation commitments and governance forums.
• Oversee centralized issue management and reporting to regulators.
• Escalate regulatory risks as needed.
• Partner with business units and control functions on regulatory interactions.

Skills

Excellent communication

Presentation skills

Interpersonal skills

Detail oriented

Independent work

Project coordination

Education

Bachelor’s degree

Master’s degree / MBA / JD preferred

Tools

MS PowerPoint

MS Word

MS Excel

Job description

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

Purpose

The incumbent is responsible for supporting and coordinating supervisory exam management, continuous regulatory monitoring interactions, assisting with oversight of regulatory remediation and reporting to internal Bank senior management and committees on regulatory topics. The role includes partnering closely with, and providing support, advice and guidance, to business unit and control function management to support their regulatory interactions. The role also provides oversight and monitoring of remediation commitments made by Scotiabank U.S. to its regulators and assists with the preparation of formal responses to regulatory letters and commitments.

What You’ll Do

• Champions a customer focused culture to deepen regulatory relationships while leveraging broader Bank relationships, systems and knowledge:
• Manages coordination of interactions with U.S. regulators including but not limited to:
• Providing U.S. oversight for regulatory examinations, continuous monitoring and act as a central contact for regulators
• Managing & coordinating events related to examinations and continuous monitoring, including scope and timing of reviews, monitoring and supporting delivery of requested information, and coordinating and attending regulatory meetings with control functions and business unit personnel
• Collaborating with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions
• Developing presentations for senior management meetings with regulatory stakeholders and regular reporting on regulatory matters to senior bank stakeholders and committee
• Drafting of regulatory responses in coordination with other senior stakeholders and management
• Providing oversight, monitoring and tracking of remediation commitments made by Scotiabank to Regulators and assist with execution of U.S. regulatory governance forums
• Overseeing centralized issue management systems and repository where documents are stored and previous examination memos and reports are archived
• Ensuring timely submission of all requested daily, weekly and monthly reporting to our regulators
• Identifying risks arising from interactions with regulators and escalating them as appropriate
• Participate in driving quarterly reporting and continuous monitoring submissions to regulators.
• Understand how Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively 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.
• Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

What You’ll Bring

• Bachelor’s degree. Master’s, MBA/JD a plus.
• At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency such as the FRB, FINRA etc. or a similar position in the financial services industry/ regulatory background.
• Prior consulting experience is a strong plus.
• A detailed and in-depth understanding of financial markets, products and control functions.
• Excellent written and oral communication, with strong presentation and interpersonal skills to effectively guide internal and external partners.
• Attention to detail, strong planning and organization skills, with ability to multi-task and manage changing priorities.
• Ability to work independently with both regulatory staff and senior Bank personnel.
• Strong Office productivity skills (MS PowerPoint, Word, Excel).

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#GBM

Location(s): United States : Texas : Dallas

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.