Senior Manager, Business Controls [Scotiabank]

Requisition ID: 183703

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

Purpose

The Senior Manager, Business Controls is responsible for building, evolving and sustaining a 1A business controls management structure that addresses key regulatory and business risks across all business units within Asset Management. The Senior Manager will also work with the Wealth Management Regulatory & Operational Control (1B) team to provide day to day management of regulatory initiatives and oversight functions within Asset Management (AM) ensuring that the business' domestic and international business activities are compliant with all external regulators and aligned with internal risk policies.

Accountabilities

• Work closely with the Director, Business Controls in strategy development and responsible for effective execution of strategy and day-to-day management of Manager, Business Controls
• Manage compliance implementation with senior management and functional areas by effectively collaborating with all support teams, senior management, and the field to ensure that the strategic approach is aligned with compliance requirements.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Participate in all aspects of compliance and the identification of actions or changes in policy and/or procedures in order to remediate non-compliance in the business.
• Implement and drive results by working with internal stakeholders and support groups to satisfy both the compliance and the risk management frameworks, along with developing plans to ensure the effectiveness of Asset Management's compliance program.
• Manage overall relationship with key stakeholders and Compliance teams through the project life cycle, to ensure expectations are properly managed through formal agreement of goals, objectives, scope, deliverables and schedule.
• Lead projects using agile methodology, working with Business unit leads and subject matter experts to identify business controls, assess the strength and adequacy of controls, document controls (including process flows and governance), detecting control gaps and remediating any gaps.
• Formulate, plan, prioritize and track key initiatives for review by business line management and stakeholders.
• Responsible for working with the Risk Owner's oversight team (2A) to evaluate and identify where required to migrate control activities from the 2A team to the 1A Business Controls team.
• Build a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
• Responsible for leading Regulatory remediation projects including formulating responses to Regulatory bodies
• Supports Asset Management to develop and implement integrated control solutions to ensure compliance with regulatory, legislative, and operational requirements working in partnership with business partners and control and support functions across the Bank.
• Responsible for the design, implementation, execution, monitoring, and reporting of controls over the following:
• New and Existing Product Policy
• Champions a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Annual Investment Counsel Incentive Plan
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Assist and support with developing policies, procedures and best practices for AML/ATF Compliance.
• Third party risk management program

Dimensions

• Direct business control support to Asset Management business units
• Manage multi-layered and sized projects concurrently
• Satisfactory internal and external audit reviews
• Minimal losses due to non-compliance
• Manage project budgets within plan

Education / Experience / Other Information

• Knowledge of Ontario Security Commission regulatory requirements around National Instrument 81-102, National Instrument 81-107, and National Instrument 62-103, the Investment Advisors Act; Investment Companies Act and the Volcker Rule is an asset.
• University degree required and significant related experience in financial services.
• Technological skills are an asset.
• Strong interpersonal skills that facilitate a positive and effective working environment at all levels of the organization
• Knowledge of the financial services industry an asset.
• Strong organizational skills to co-ordinate and prioritize a number of concurrent projects
• Expert influencing and communication skills.
• Expert analytical and problem-solving capabilities.
• Strong knowledge in Microsoft Office Suite with an emphasis in MS Excel.
• Experience with CRM and Business intelligence tools an asset.
• Proven track record of meeting deliverables and managing budgets.

Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence.

• Frequent need to give close attention to concentrated reading.
• Frequent ad hoc requests from senior officers, deadlines and unplanned operational problems are expected.
• Non-standard working hours are a regular occurrence. Occasional travel may be required.
• Constant use of personal computer, various leading-edge and business-oriented software technologies. The role may require long hours at a personal computer in preparation of documents and presentations.
• The business environment is fast-paced, complex and demanding. Heavy pressure also arises from the need to manage potential conflicting priorities constructively.

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.