Scotiabank

Senior Manager, Compliance Testing, Corporate Functions

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • BA or equivalent with professional designation (CPA, CFA, MBA, CISA)
  • 7+ years in compliance, audit, or regulatory exam support
  • 3+ years in testing or audit experience
  • Strong knowledge of Corporate Functions and regulatory compliance
  • Proven leadership and people management skills
  • Strategic thinker with excellent communication skills
  • Fluency in Spanish preferred

Responsibilities

  • Lead compliance testing for Corporate Functions in IB jurisdictions and Canada
  • Collaborate with the Director - Testing and Compliance partners to execute the testing program
  • Develop the Annual Test plan with local compliance counterparts
  • Build strategic relationships across Business Lines to align testing efforts
  • Identify potential compliance gaps through rigorous testing
  • Report testing outcomes to Senior Management and escalate issues as needed
  • Foster a high-performance team culture focused on client relationships

Benefits

  • Contribute to an inclusive work environment
  • Join a forward-thinking collaborative team
  • Access to a competitive compensation and comprehensive benefits plan
  • Engagement in community-focused initiatives
  • Opportunities for recognition and career advancement through development conversations
Full Job Description
Requisition ID: 262573

The Senior Manager, Compliance Testing, Corporate Functions contributes to the overall success of the Global Compliance Testing program, with a focus on Corporate Functions ('CF') internationally (IB Countries) and in Canada. The Senior Manager ensures that specific individual goals, plans, and initiatives are executed/delivered in support of the team's strategies and objectives; and that all activities are conducted in compliance with governing regulations, internal policies and procedures and ethical standards.

Is This Role Right for You? In this role, you will:

  • Lead and oversee the scope and the execution for compliance testing in Corporate Functions (CF) for IB jurisdictions and Canada where the Bank operates to assess oversight and controls for compliance with legal, regulatory and internal Bank policy requirements.
  • Work closely with the Director - Testing, along with other Compliance partners to develop, support and execute the testing program.
  • Participate in the development of Annual Test plan in coordination with local compliance counterparts, first line (1B) and internal audit, including tracking and reporting of testing completion against annual test plan.
  • Sustain strategic relationships and develop alliances with key contacts in the IB Business Line, CF Compliance and CF partners to ensure alignment of testing across the 3 lines of defense.
  • Understand the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with regulatory requirements, best practices and internal policies and procedures.
  • Work with the Directors of Compliance, Senior Employees/Executive of the various IB & CF to develop, support and execute the IB/CF Compliance testing program both locally and on a cross-border basis and in other areas as required.
  • Pro-actively identify potential violations /risk of non-compliance with regulatory requirements, internal policies, and procedures, in a timely manner and make recommendations to mitigate compliance risk, generally during execution of testing engagements.
  • Report to Senior Management on the status and results of testing; escalate potential issues and exception items noted during the review process to senior and executive management.
  • Maintain relationships and works closely with Business Line & CF management to understand compliance risk in the business and build/adjust our testing approach/issue recommendations accordingly.
  • Identify, define, and build a risk effective and cost-efficient testing program by providing feedback on enhancements to the testing methodology (which includes risk prioritized assessments, testing cycles, reporting results and more), looking for opportunities to automate testing procedures, etc.
  • Validate actions taken by management to remediate, and to assess the sustainability of these actions to close, reported testing issues.
  • Identify and analyze trends and/or gaps across IB CF departments.
  • Liaise with IB/CF departments to implement changes to processes or procedures, as required based on testing results.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment using a coaching mindset and behaviors; communicating vison/values/business strategy; and managing succession and development planning for the team.


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

  • BA or international equivalent with professional designation/degree such as CPA, CFA, MBA, CISA.
  • Minimum of 7+ years of compliance, audit or regulatory exam support experience with at least 3+ years of which should involve testing or audit.
  • Excellent knowledge of Corporate Functions (GRM, Finance/Tax, HR/Marketing/Real Estate, Information Technology & Solutions, Corporate Secretary, Legal, Corporate Security, Communications, Government Affairs, Ombudsman) and related regulatory compliance requirements.
  • Experience providing insights to and interacting with the assessable units at multiple levels.
  • Understand testing standards, tools and methodologies required for creating valuable compliance programs.
  • Strong attention to detail.
  • Strong written and verbal communication skills; ability to communicate well across all levels of an organization.
  • Excellent analytical skills with the ability to review, interpret and synthesize data to drive investigations on potential exceptions.
  • Demonstrated leadership and people management skills and strong coaching skills.
  • Strong relationship management skills.
  • Highly organized with a solid ability to manage multiple compliance reviews and projects, both with a high degree of complexity, at the same time and meet timely deadlines.
  • Clear and confident communicator - verbal & written; given interactions with Senior Executives.
  • Strategic Thinker and good negotiation skills.
  • Demonstrated ability to remain calm and focused when faced with competing issues of importance.
  • Change manager - able to demonstrate agility, resilience, and resourcefulness in executing plans even in changing environments within available resources and timeframes.
  • Ability to demonstrate multi-tasking and flexibility in working with a diverse group of stakeholders/business units.
  • Fluency in Spanish is preferred


What's In It for You?

  • Champion a high-performance environment and contribute to an inclusive work environment.
  • The opportunity to join a forward-thinking organization where you are surrounded by a collaborative team of innovative thinkers.
  • A competitive compensation and comprehensive benefits plan.
  • An organization committed to making a difference in our communities - for you and our customers.
  • You can expect to be recognized and rewarded for high-performance; you will be supported by leadership through meaningful development conversations that enable faster advancement and internal training to support your growth and development.

*We are currently hiring for two positions in this role*

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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