Director, Canadian Wealth Distribution Compliance

Requisition ID: 230563

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

Purpose

Leads and oversees the Canadian Wealth Distribution Compliance (WD) team, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures

Accountabilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Primary responsibilities include conducting advisory activities and investigations. This includes research and/or investigate potential violations of regulations, policies and procedures and ensure effective remediation of non-compliance situations.
• Provide knowledgeable written and oral advice to the businesses on a variety of Compliance matters.
• Assist with regulatory filings, requests, and responses.
• Provide support to the VP in developing, monitoring and regularly updating designated businesses’ with respect to, Compliance operations to ensure that regulatory risks are managed effectively and efficiently and in accordance with the firm’s Risk Appetite.
• Provide support to the VP in the monitoring of regulatory developments, the maintenance and updating of policies, procedures and compliance systems, testing and monitoring programs, regular reporting to senior Compliance and business management and the timely escalation of material compliance concerns; provides expert advice and counsel to the businesses; provide training to Compliance teams and the businesses.
• 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.

Education/Experience

• College Diploma or University Degree
• 5 or more years relevant experience in retail brokerage business
• Highly knowledgeable about the Bank’s businesses’ activities, products & services and organization
• Able to assess difficult compliance and other regulatory issues, exercise sound judgment expeditiously with respect to such issues and defend decisions with management of the businesses
• Able to effectively work with and influence business and other control functions personnel in the businesses to implement compliance-risk management initiatives
• Able to communicate effectively verbally and in writing with management of the businesses and local Compliance staff

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. 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.