Senior Manager, Regulatory Relations

Join a purpose-driven, winning team committed to results in an inclusive and high-performing culture.

About the Role

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.

Responsibilities

• 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 U.S. oversight for regulatory examinations and continuous monitoring, acting as a central contact for regulators.
  • Managing and coordinating 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.
  • Collaborating with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions.
  • Developing presentations for senior management meetings with regulatory stakeholders and regular reporting on regulatory matters to senior bank stakeholders and committees.
  • Drafting regulatory responses in coordination with other senior stakeholders and management.
  • Providing oversight, monitoring, and tracking of remediation commitments made by Scotiabank to regulators and assisting with execution of U.S. regulatory governance forums.
  • Overseeing centralized issue management systems and repository where documents are stored and previous examination memos and reports are archived.
  • Ensuring timely submission of all requested daily, weekly, and monthly reporting to regulators.
  • Identifying risks arising from interactions with regulators and escalating 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.
• Actively pursues effective and efficient operations while ensuring the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk.
• Champions a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy; and managing succession and development planning for the team.

Requirements

• Bachelor’s degree. Master’s, MBA, or JD is a plus.
• At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency such as the FRB, FINRA, etc., or a similar position in the financial services industry/regulatory background.
• Prior consulting experience is a strong plus.
• A detailed and in-depth understanding of financial markets, products, and control functions.
• Excellent written and oral communication, with strong presentation and interpersonal skills to effectively guide internal and external partners.
• Attention to detail, strong planning and organization skills, with the ability to multi-task and manage changing priorities.
• Ability to work independently with both regulatory staff and senior Bank personnel.
• Strong Office productivity skills (MS PowerPoint, Word, Excel).

Benefits

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.