Senior Manager, Regulatory Relations Group

Scotiabank; New York (NY); On-site; USD 117,000 - 225,000; Full time

Job summary

Join a purpose-driven team as a Senior Manager in Regulatory Relations, where your expertise in financial markets and regulatory compliance will be pivotal. This role involves managing regulatory interactions, ensuring compliance, and fostering strong relationships with regulators. You will collaborate with senior management, oversee remediation commitments, and contribute to a high-performance culture. This innovative firm is dedicated to supporting your professional growth while promoting an inclusive environment that values diverse talents. If you are passionate about making a difference in the financial sector, this opportunity is for you.

Benefits

Flexible benefit programs

Holistic well-being support

Inclusive work environment

Qualifications

• 7+ years of experience in financial services or regulatory agency.
• Strong consulting experience and understanding of financial products.

Responsibilities

• Manage interactions with U.S. regulators and coordinate examinations.
• Provide oversight on regulatory commitments and reporting.

Skills

Regulatory Relations

Financial Markets Knowledge

Communication Skills

Planning and Organization

MS Office (PowerPoint, Word, Excel)

Education

Bachelor's Degree in Finance or related field

Master's Degree (preferred)

Job description

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Title: Senior Manager, Regulatory Relations Group

Requisition ID: 219600

Salary Range:117,400.00-224,700.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Overview

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

1. Champions a customer focused culture to deepen regulatory relationships while leveraging broader Bank relationships, systems and knowledge:
2. Manages coordination of interactions with U.S. regulators (primarily with U.S. securities supervisors) including but not limited to:
   • Providing U.S. oversight for regulatory examinations 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 committees
   • 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.
3. Understand how Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
4. 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.
5. 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 vision/values/business strategy and managing succession and development planning for the team.

What You’ll Bring

1. 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.
2. Prior consulting experience is a strong plus.
3. A detailed and in-depth understanding of financial markets, products and control functions.
4. Excellent written and oral communication, with strong presentation and interpersonal skills to effectively guide internal and external partners.
5. Attention to detail, strong planning and organization skills, with ability to multi-task and manage changing priorities.
6. Ability to work independently with both regulatory staff and senior Bank personnel.
7. Strong Office productivity skills (MS PowerPoint, Word, Excel).

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

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.

Location(s): United States : New York : New York City

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. 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.