Requisition ID: 270488
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate's relevant knowledge, skills, and experience.
PurposeProvide leadership and strategic direction for Global Wealth Management's (GWM) U.S. cross-border securities regulatory framework, beneficial ownership oversight, and securities regulatory risk management programs, ensuring GWM can pursue growth opportunities, client acquisition, strategic investments, and geographic expansion in a manner that is compliant, scalable, and aligned with the Bank's risk appetite.
Act as a trusted advisor to GWM U.S. executive leadership on securities regulatory matters that influence U.S. business strategy, revenue growth, market expansion, client experience, and organizational transformation. Lead the development of innovative regulatory solutions that enable business objectives while protecting the Bank's reputation and maintaining regulatory confidence.
Accountabilities Beneficial Ownership Program
- Provides oversight of GWM's beneficial ownership framework to support business growth and strategic investments, by ensuring timely identification, escalation, and management of regulatory ownership obligations across global jurisdictions, including U.S.
- Advises executive leadership on ownership-related regulatory considerations associated with new business opportunities, acquisitions, and strategic investments.
Cross-Border Initiatives
- Leads the securities regulatory strategy and risk oversight for initiatives supporting cross-border client activity, market expansion, strategic transactions, acquisitions, and growth initiatives, with particular emphasis on the U.S.
- Partners with GWM business leaders to identify securities regulatory pathways that facilitate the introduction of new products, services, client segments, and business models while maintaining appropriate risk controls.
- Advises executive leadership on regulatory implications of strategic growth opportunities and provides recommendations that balance business objectives, client needs, and risk considerations.
- Leads securities regulatory risk related integration activities related to acquisitions, strategic partnerships, and business transformation initiatives to accelerate realization of business value and revenue opportunities.
- Champions the development of scalable operating models, governance structures, and regulatory solutions that support sustainable business growth and improve overall client and advisor experience
- Identifies opportunities to streamline securities regulatory processes, reduce friction in client-facing activities, and enhance execution speed while maintaining strong regulatory compliance and governance standards.
- Drives alignment between securities regulatory priorities and commercial objectives, ensuring teams proactively identify opportunities to support business growth while effectively managing non-financial risk.
- Leads and drives a customer focused culture throughout their team to deepen business relationships and leverage broader Bank relationships, systems and knowledge.
- Creates an environment in which their team pursues effective and efficient operations of their respective areas, while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk and regulatory compliance risk.
- Motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.
Reporting Relationships Primary Manager: Senior Vice President, Business Risk Management & Regulatory Affairs, Global Wealth Management
Direct Reports: 2 Senior Managers, Business Risk Management, Regulatory
Shared Reports: Matrix reporting to country.
Location: New York, Dallas
Dimensions- The incumbent regularly interacts with GWM senior leadership teams, legal and risk executives, and external advisors regarding matters that have significant strategic, financial, reputational, and securities regulatory implications.
- Decisions and recommendations influence the Bank's ability to pursue strategic growth initiatives, acquisitions, new business opportunities, client expansion strategies, and cross-border operating models.
- The incumbent must be results oriented with strong organizational and time management skills as the incumbent works in a fast-paced environment and is expected to handle multiple tasks with stringent deadlines.
- The incumbent handles sensitive and confidential information and must have a high level of integrity.
- The incumbent is expected to act independently and arrive at conclusions or recommendations based on the exercise of good judgement on moderately complex decisions falling within standard policies and escalate matters beyond existing policies. Effectively performing this role involves consulting with the team and others as needed.
Education / Experience / Other Information:- Post-Secondary education and/or professional designations.
- Minimum 10+ years of progressively senior experience in wealth management, regulatory risk, legal, compliance, securities regulation, or financial services governance, including leadership experience within a global financial institution.
- Demonstrated experience advising executive leadership on matters involving strategic growth, acquisitions, cross-border expansion, regulatory transformation, and enterprise risk management.
- 5 or more years of management experience or leading a team of direct reports.
- General understanding of Canadian and United States regulatory environment and industry trends.
- Ability to identify opportunities for initiating, improving and/or standardizing policies, procedures, and systems across GWM whether in response to regulatory changes or identified problems and then conceptualize, produce, and promote efficient and cost-effective solutions to various levels up to and including senior management.
- Excellent written and verbal communication skills and a proven ability to lead and motivate individuals and teams to work together in a coordinated way.
- An enquiring mind, sound judgment and a strategic thinker who can, when appropriate, be tactical and pragmatic.
- Ability to learn, adapt and remain resilient in a dynamic regulatory and business environment.
- Strong project management skills with a proven track record of success with regulatory compliance and technology-based compliance projects.
- Strong analytical skills.
- Capable of simultaneously handling multiple tasks and meeting stringent deadlines.
- Self-motivated, confident and capable of working both independently and in a team environment.
- High level of integrity
Working Conditions- Work in an office-based environment.
- Workloads are subject to time pressures and non-regular business hours given the global nature of Scotiabank's businesses and the time sensitivities related to some of the activities noted above.
Interested? If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
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Location(s): United States : Texas : Dallas || United States : New York : New York City
