Scotiabank

Manager, Compliance Testing - Canadian Banking & Wealth Management

Scotiabank • $100K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in a relevant field with 5+ years of experience in financial services, preferably in compliance, audit, or risk management.
  • In-depth knowledge of regulatory compliance requirements specific to Canadian Banking and Wealth Management.
  • Understanding of control testing standards, methodologies, and tools.
  • Familiarity with data analytics for risk identification and improvement.
  • Strong communication and report-writing skills to clearly convey findings.
  • Demonstrated ability to manage change and adapt within dynamic environments.

Responsibilities

  • Test controls in Canadian Banking and Wealth Management to mitigate compliance risks.
  • Execute the compliance testing program and identify regulatory risk exposure.
  • Assess control effectiveness to mitigate compliance risks.
  • Document issues identified during assessments comprehensively.
  • Prepare and coordinate testing engagement reports accurately and thoroughly.
  • Seek efficiencies in testing processes using automation and data analytics.
  • Validate management actions taken to address testing issues.

Benefits

  • Opportunity to enhance client relationships in a customer-focused culture.
  • Collaboration with global compliance teams for consistent testing practices.
  • Engagement in continuous learning and improvement initiatives within the team.
Full Job Description
Requisition ID: 272537

Purpose

The incumbent is part of the Testing Team in Compliance (2nd line of defense). The Manager Compliance Testing, Global Compliance, Testing contributes to the overall success of the Global Compliance, with a focus on Canadian Banking and Wealth Management business channels, ensuring specific individual goals, plans, and initiatives are executed/delivered in support of the team's business strategies and objectives; ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

Accountabilities
  • Focus on testing of controls in Canadian Banking and Wealth Management, to mitigate Compliance / Regulatory risk
  • Work with the rest of the testing team to execute the compliance testing program to identify areas of regulatory compliance risk exposure, provide adequate coverage and depth of testing, while promoting testing consistency.
  • Assess the designated assessable unit controls and practices, to determine their design and operating effectiveness, in relation to the mitigation of compliance / regulatory risk.
  • Identify and document issues based on the above assessment.
  • Prepare and coordinate the completion of testing engagement reports.
  • Ensure accurate, complete, sufficient and appropriate documentation of testing results to support our assessments in the testing engagement reports.
  • Constantly look out for efficiencies / enhancements in the testing process (e.g., use of automation / data analytics).
  • Validate actions taken by management to support closure of testing issues.
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Partner with other Global Compliance groups and other lines of defense, to ensure consistent and effective execution of the testing program across business units.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Actively pursue 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 regulatory compliance risk, including but not limited to responsibilities under the Regulatory Compliance Risk Management Framework.


Education/Experience
  • Bachelor's degree with a minimum 5 years relevant experience in the financial services industry preferably within a regulatory compliance, audit or risk management function.
  • Good knowledge of the business's regulatory compliance requirements - particularly in relation to Canadian Banking and Wealth Management business units
  • Good understanding of controls testing standards and related tools and methodologies.
  • Familiarity with data analytics tools to identify areas of risk and opportunities for improvement.
  • A strategic, innovative and 'out of the box' mindset.
  • Good communication and report-writing skills.
  • Aptitude to provide input and suggestions to promote continuous learning and improvement of the testing program.
  • Ability to demonstrate multi-tasking and flexibility in working with a diverse group of stakeholders and business units.
  • Strong analytical and written skills with ability to review, interpret and synthesize data in order to drive investigations on potential exceptions.
  • Change manager - able to demonstrate agility, resilience and resourcefulness in executing plans even in changing environments and within available resources and timeframes.


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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