Manager, Compliance Testing - Canadian Banking Wealth Management

Full job description
Requisition ID: 224156

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


Purpose
Contributes to the overall success of Compliance Testing in Canada ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.


Accountabilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Accountable for executing Testing for Canadian Banking and Canadian Wealth Management, which includes assessing the design and operating effectiveness of compliance controls, and adherence to Regulatory requirements as well as Bank’s internal standards, policies and procedures

Ensure accurate and complete documentation of testing results, in accordance with the Global Testing Operating procedures and Issue Management Procedures, and to support our assessments

Works closely with the Sr. Manager - Testing, along with other Compliance partners to develop, support and execute the testing program

Support the Senior Manager in the development of Annual Test plan in coordination with local compliance counterparts, first line (1B) and internal audit, including tracking and reporting of testing completion against annual test plan.

Maintain relationship with the Business Line Compliance, Internal Audit and first line to ensure alignment and smooth execution of test plans, to minimize the impact on business.

Pro-actively identifies potential violations /risk of non-compliance with regulatory requirements, internal policies and procedures, in a timely manner and makes recommendations to mitigate compliance risk, generally in the course of execution of testing engagements

Contribute to continuous improvement of the testing program by providing feedback on enhancements to the testing methodology (which includes risk prioritized assessments, testing cycles, reporting results and more), looking for opportunities to automate testing procedures, use data analytics, etc.

Identify trends and/or gaps and report findings with recommendations on how to improve the effectiveness of the business line controls.

Validate actions taken by management to remediate, and to assess the sustainability of these actions to close, reported testing issues.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Demonstrates quick learning curve to understand applicable regulatory requirements, business processes and systems.

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.


Education/Experience

Functional competencies:

Bachelor’s degree with 5+ years of relevant experience in the financial services industry preferably within a regulatory compliance, audit or risk management

Good understanding of risk controls – particularly controls testing methodology and related tools

Knowledge of regulatory, compliance and industry requirements; including knowledge of related issues facing the business lines within Canadian Banking and Canadian Wealth Management

Good Communication and Report Writing skills

Good Project Management skills

Good Relationship Management skills

Good analytical skills with the ability to review, interpret and synthesize data in order to drive investigations on potential exceptions

Nice to have – bi-lingual in English and French

Behavioral Competencies:

Clear and confident communicator – verbal written

Strategic Thinker and good negotiation skills

Change manager – able to demonstrate agility, resilience and resourcefulness in executing plans even in changing environments and within available resources and timeframes

Ability to demonstrate multi-tasking and flexibility in working with diverse group of stakeholders and business units


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. Read more