Scotiabank
Overview
The incumbent is responsible for supporting and coordinating supervisory exam management, continuous regulatory monitoring interactions, assisting with oversight of regulatory remediation and reporting to internal Bank senior management and committees on regulatory topics. The role includes partnering closely with, and providing support, advice and guidance, to business unit and control function management to support their regulatory interactions. The role also provides oversight and monitoring of remediation commitments made by Scotiabank U.S. to its regulators and assists with the preparation of formal responses to regulatory letters and commitments. What You’ll Do
Champions a customer focused culture to deepen regulatory relationships while leveraging broader Bank relationships, systems and knowledge Manages coordination of interactions with U.S. regulators including providing oversight for regulatory examinations and acting as a central contact for regulators Manages and coordinates events related to examinations and continuous monitoring, including scope and timing of reviews, monitoring and supporting delivery of requested information, and coordinating and attending regulatory meetings with control functions and business unit personnel Collaborates with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions Develops presentations for senior management meetings with regulatory stakeholders and provides regular reporting on regulatory matters to senior bank stakeholders and committees Drafts regulatory responses in coordination with other senior stakeholders and management Provides oversight, monitoring and tracking of remediation commitments made by Scotiabank to regulators and assists with execution of U.S. regulatory governance forums Oversees centralized issue management systems and repository where documents are stored and previous examination memos and reports are archived Ensures timely submission of all requested daily, weekly and monthly reporting to regulators Identifies risks arising from interactions with regulators and escalates them as appropriate Participates in driving quarterly reporting and continuous monitoring submissions to regulators Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions Promotes effective and efficient operations of the respective areas, ensuring adequate day-to-day business controls to meet obligations related to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk Supports responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates the team, fostering an inclusive work environment What You’ll Bring
At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency (e.g., FRB, FINRA) or a similar regulatory-focused role in financial services Prior consulting experience is a strong plus Detailed and in-depth understanding of financial markets, products and control functions Excellent written and oral communication, with strong presentation and interpersonal skills Attention to detail, strong planning and organization skills, with ability to multi-task and manage changing priorities Ability to work independently with regulatory staff and senior bank personnel Strong Office productivity skills (MS PowerPoint, Word, Excel) 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! At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental and social health needs. Location(s): United States : New York : New York City || United States : Texas : Dallas 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.
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The incumbent is responsible for supporting and coordinating supervisory exam management, continuous regulatory monitoring interactions, assisting with oversight of regulatory remediation and reporting to internal Bank senior management and committees on regulatory topics. The role includes partnering closely with, and providing support, advice and guidance, to business unit and control function management to support their regulatory interactions. The role also provides oversight and monitoring of remediation commitments made by Scotiabank U.S. to its regulators and assists with the preparation of formal responses to regulatory letters and commitments. What You’ll Do
Champions a customer focused culture to deepen regulatory relationships while leveraging broader Bank relationships, systems and knowledge Manages coordination of interactions with U.S. regulators including providing oversight for regulatory examinations and acting as a central contact for regulators Manages and coordinates events related to examinations and continuous monitoring, including scope and timing of reviews, monitoring and supporting delivery of requested information, and coordinating and attending regulatory meetings with control functions and business unit personnel Collaborates with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions Develops presentations for senior management meetings with regulatory stakeholders and provides regular reporting on regulatory matters to senior bank stakeholders and committees Drafts regulatory responses in coordination with other senior stakeholders and management Provides oversight, monitoring and tracking of remediation commitments made by Scotiabank to regulators and assists with execution of U.S. regulatory governance forums Oversees centralized issue management systems and repository where documents are stored and previous examination memos and reports are archived Ensures timely submission of all requested daily, weekly and monthly reporting to regulators Identifies risks arising from interactions with regulators and escalates them as appropriate Participates in driving quarterly reporting and continuous monitoring submissions to regulators Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions Promotes effective and efficient operations of the respective areas, ensuring adequate day-to-day business controls to meet obligations related to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk Supports responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates the team, fostering an inclusive work environment What You’ll Bring
At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency (e.g., FRB, FINRA) or a similar regulatory-focused role in financial services Prior consulting experience is a strong plus Detailed and in-depth understanding of financial markets, products and control functions Excellent written and oral communication, with strong presentation and interpersonal skills Attention to detail, strong planning and organization skills, with ability to multi-task and manage changing priorities Ability to work independently with regulatory staff and senior bank personnel Strong Office productivity skills (MS PowerPoint, Word, Excel) 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! At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental and social health needs. Location(s): United States : New York : New York City || United States : Texas : Dallas 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.
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