Scotiabank

Director Technology Regulatory Management

Scotiabank • $130K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • University certification in a related field
  • Experience in Risk Management within Banking or Financial Services
  • Knowledge of global Technology regulations
  • Familiarity with Compliance, Privacy, and Conduct Risk frameworks such as SOX and AML
  • Strong executive presence with influencing capabilities
  • Exceptional written and verbal communication skills
  • Ability to manage multiple tasks under tight deadlines

Responsibilities

  • Provide global support to ensure compliance with technology obligations
  • Ensure adherence to OSFI and Canadian Provincial regulations
  • Conduct horizon scanning and implement regulatory updates
  • Track and manage regulatory compliance issues and responses
  • Lead remediation efforts for technology regulatory changes
  • Coordinate interactions with regulators across jurisdictions
  • Build a high-performance, inclusive team environment

Benefits

  • Commitment to Diversity, Equity, Inclusion, and Allyship
  • Accessibility and Workplace Accommodations
  • Upskilling through online courses and tuition assistance
  • Competitive rewards program with flexible vacation and benefits starting on day one
  • Opportunities for community engagement and participation in various programs
Full Job Description
Requisition ID: 265575

The Director, Regulatory Management provides strategic direction, leadership and oversight of global governance for technology, ensuring that technology activities and recommendations are compliant with relevant regulations, internal policies and procedures and that risk appetite is always met and aligned with the established Global Compliance risk appetite.

Is this role right for you? In this role you will:

  • Provide global support for ensuring the Bank meets its technology obligations in all jurisdictions.
  • Ensure OSFI regulations and Canadian Provincial regulations related to Technology and Cyber Security are met (e.g. OSFI B-13 compliance tracking)
  • Ensure timely horizon scanning, analysis, assessments and implementation for new or amendments to regulations impacting technology (Canada/Global)
  • Maintain ongoing awareness of new and emerging regulatory guidelines, publications, and requirements relating to all aspects of Cyber and IT Risk.
  • Help address requests / coordinate responses / prepare regulatory reports and updates as required e.g., CROC, ROC report, Technology Regulatory Forum, Technology Risk Committee, Consultations and Advocacy Working Group, Corporate Functions Compliance, etc.
  • Track and update regulatory issues, monitoring compliance issues, on-site reviews, and requests for information (RFIs)
  • Ensure quarterly Regulatory Compliance and Risk and Control Assessments and all Canadian regulatory attestations are completed (e.g. SOX, RDARR, CFCPF)
  • Assess, implement and lead remediation efforts required by technology regulatory changes that impact the Bank.
  • Lead, assess, and implement all compliance initiatives including all pillars of the Regulatory Compliance Management (RCM) program and compliance transformation, and activities required for implementation of conduct risk, risk culture, privacy risk policies, records and information management and associated policies and frameworks.
  • Track remediation of compliance gaps and report at appropriate committees and councils including Technology Risk Committee, Cyber & IT Risk Committee, and Control and Support Functions Core Risk Committees.
  • Perform annual updates as needed on the Technology Regulatory Management Operating Procedures.
  • Support the VP, Internal Controls & Regulatory Management and coordinate interactions with regulators in other jurisdictions on compliance risk related matters
  • Set the structure through which the mandate of the Technology Regulations is met and secure the means of attaining the mandate.
  • Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Ensure alignment of technology regulations, with Global Compliance policies and other enterprise policies and standards and the implementation of operational changes to align with policy amendments and regulatory changes, as required.
  • Be responsible for the oversight and day to day management of all technology regulations; overseeing the interactions of the functions with senior management and other business line management.
  • Represent Technology on senior committees related to Technology regulatory activities.
  • Be responsible for providing oversight for Technology Regulations for the Bank, its key subsidiaries and affiliates by working closely with the 2nd Line of Defence (LOD), 3rd LOD, and Global Compliance Business Line Compliance teams.
  • Direct day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicates the Bank's risk culture and compliance and risk appetite statement throughout their teams.
  • Create 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 Technology Regulatory Regimes, requirements, defined procedures and frameworks, handbooks, and the Guidelines for Business Conduct.
  • 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.
  • Maintain detail tracking and dashboards and reports for ensuring Regulatory Compliance Management functions.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

  • University certification
  • Experience in Risk Management in Banking or Financial Services Industry
  • Knowledge of the Technology regulations globally
  • Knowledge of Compliance, Privacy, Conduct Risk, Culture Risk, SOX, AML and KYC policies
  • Strong executive presence and ability to influence
  • Excellent written and verbal communication skills
  • Ability to manage multiple tasks under tight timelines


What's in it for you?

  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employee to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - 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. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
  • Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
  • Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.
  • Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs such as hackathons, contests, Humans of Digital and much more!


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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