Director, Regulatory Onboarding [Scotiabank]

Requisition ID: 180843

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

Director, Regulatory Onboarding – GWO - Toronto, ON

Requisition ID: 180843

"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!

What You'll Do

• Champion a high performance environment and contributes to an inclusive work environment.
• Drive client-centric, efficient, and compliant regulatory onboarding and ongoing reviews of GBM clients in Canada and across global offices. Facilitate the onboarding of clients directly as well as resolve day to day matters for the regulatory onboarding team through coordination with clients, trading desks/bankers, compliance, and senior management as required. Rapidly triage and escalate complex issues for resolution.
• Continually acquire and enhance knowledge of both the Bank's and the Division's business strategies and policies, risk management practices and methodologies, product offerings, financial markets, financial instruments, regulatory requirements, Back Office processes, and rapidly changing competitive landscape to assist in driving continuous improvement in efficient and client-centric regulatory onboarding procedures. Create and develop a centre of excellence team focused on customer and to drive the client onboarding experience.
• Provide leadership, day to day oversight, and workload management for the regulatory onboarding staff in Canada. Lead in the recruitment, management, and ongoing development of staff.
• Play a key role in the ongoing development of both tactical process changes to centralize regulatory onboarding requirements for our businesses globally. Provide subject matter expertise in the ongoing structuring and continued robustness of the onboarding process including process changes required to ensure onboarding activities are compliant with regulatory reform impacting the division globally (e.g., Dodd Frank, FATCA/CRS, EMIR, etc.).
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions, and actively pursue effective and efficient operations of his/her 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.

What You'll Bring

• Recognized expertise of current and anticipated regulatory frameworks impacting client onboarding globally – namely, evolving KYC/AML standards, OTC Derivatives Reform, and FATCA/CRS. Local market experience in Canada, as well as broad exposure to regulatory trends and practices by key regional regulators, including OSFI, FINTRAC, CFTC, OSC, IIROC etc., is preferred.
• A working understanding of AML/KYC regulatory standards and processes in GBM jurisdictions
• An in depth understanding of capital market operations and trade lifecycle expertise, and working familiarity with the corporate and investment banking business
• At least ten years of financial services experience. Preference will be given to direct experience dealing with regulatory agencies such as the NFA or CFTC, or in a similar position in the financial services industry.

Work Arrangement: This position is currently a Hybrid role, with the expectation that you will work two days a week in the office. Please note that this is subject to change based on the needs of the business.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is 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): 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. If you require technical assistance, please click here . 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.