Director, Canadian Banking Compliance Advisory
Job in
Toronto, Ontario, M5A, Canada
Listing for:
Scotiabank
Full Time
position
Listed on 2026-03-09
Job specializations:
-
Management
Regulatory Compliance Specialist, Risk Manager/Analyst
-
Finance & Banking
Regulatory Compliance Specialist, Risk Manager/Analyst, Financial Compliance, Corporate Finance
Job Description & How to Apply Below
Requisition
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose
As an integral member of Scotiabank’s Global Compliance Leadership Team, the Director, acts as the thought leader in setting the strategy, oversight and execution of regulatory compliance risk management, with a primary focus on Canadian Banking. This role has overall responsibility for the independent assessment and management of regulatory compliance risk, aligned to Scotiabank’s strategic objectives and risk appetite while promoting a strong culture of ethics, compliance and integrity.
This role creates value by providing strategic direction and advice on regulatory matters (excluding AML) to Canadian Banking, promotes the proactive and effective identification, prioritization and management of regulatory and compliance risks for banking businesses and respective transformational initiatives and ensures ongoing compliance with applicable laws, regulations, voluntary codes and public commitments.
The Director reports to the Vice President, Canadian Banking and Corporate Function Compliance and regularly interacts with a diverse set of stakeholders to deliver Canadian Banking’s compliance programs and related initiatives and provides ongoing oversight, effective challenge and proper maintenance of the Regulatory Compliance Management Program through advice, research, analysis and recommendations.
Accountabilities
Lead and drive a client-focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Build strong relationships with regulators., Legal partners and business line leaders, collaborating across Compliance to promote alignment, share insights, and reduce silos.Serve as Chief Compliance Officer (CCO) for assigned subsidiaries, providing regulatory oversight, ensuring required reporting, attestations, certifications, and governance obligations are fulfilled, and maintaining direct liaison with subsidiary senior leadership and boards where required.Serve as the primary Compliance advisor to Canadian Banking business units (excluding Tangerine Bank), providing strategic compliance leadership to Retail Banking, Client Experience Centres, Lending, Payments, Small Business, Commercial Banking, and Private Banking. Ensure regulatory expectations and compliance risk considerations are embedded in business strategies, product development, operational processes, and client interactions across these units.Set the CBC BNS Advisory direction, priorities, and expectations for compliance engagement across the portfolio, ensuring consistent application of the Enterprise Compliance Framework.Lead the proactive monitoring of business, regulatory, and industry developments (Horizon Scanning), ensuring emerging risks, regulatory changes, and supervisory expectations are understood, communicated, and embedded effectively across supported Business Units.Provide senior oversight of potential or actual regulatory compliance breaches and reportable compliance issues (RCIs) and collaborate with the First Line to identify issues early, ensure timely escalation, risk assessment, and effective mitigation and remediation strategies.Maintain deep, enterprise‑level expertise on regulatory requirements, industry practices, supervisory trends, and evolving expectations impacting Canadian Banking, translating insights into strategic guidance. Challenge First‑Line risk management practices and ensure timely escalation and action.Oversee and approve the development or enhancement of First Line policies, ensuring alignment to applicable regulations and reflecting changes issued by relevant regulatory bodies.Represent Compliance in applicable executive‑level discussions and committees related to regulatory matters and client outcomes.Support the development and delivery of high‑quality compliance reporting for senior management, governance committees, and subsidiary boards, ensuring accuracy, completeness, and clear articulation of regulatory risks, emerging issues, and business impacts.Act as the primary Compliance liaison with…
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