Senior Manager,Compliance Testing - Canadian Banking & Wealth Management Job Toronto area,Ontario Canada,Finance & Banking

Requisition

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

Purpose

Leads and oversees CB and WM Compliance Testing in Canada 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.

Accountable for overseeing and executing Testing for Canadian Banking and Canadian Wealth Management (CB & WM), 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

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

Participates in the development of the 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.

Maintains 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

Maintains relationships and works closely with Business Line management to understand compliance risk in the business and build/adjust our testing approach / issue recommendations accordingly.

Identifies, defines, and builds a risk effective and cost-efficient 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.

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

Functional competencies

Post-Secondary education - CPA or MBA is desirable

A minimum of 5+ years of compliance, audit or regulatory exam support experience with at least 3+ years of which should involve testing or audit.

Very good understanding of risk & controls – particularly controls testing methodology and related tool

Advanced knowledge of regulatory, compliance and industry requirements; including knowledge of related issues facing the CB & Canadian WM business lines

Demonstrated leadership and people management skills and strong coaching skills

Strong attention to detail.

Strong written and verbal communication skills, Ability to communicate well across all levels of an organization.

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

Demonstrated leadership and people management skills and strong coaching skills

Strong relationship management skills

Strong Project management skills

Highly organized and capable of dealing with multiple complex projects.

Nice to have – bi-lingual in English and French

Behavioral

Competencies:

Clear and confident communicator – verbal & written; given interactions with Senior Executives

Strategic Thinker and good negotiation skills

Demonstrated ability to remain calm and focused when faced with competing issues of importance

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/business units


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Senior Manager, Compliance Testing - Canadian Banking & Wealth Management