Director & Head, GWM Business Risk Management, Regulatory

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Director & Head, GWM Business Risk Management, Regulatory

senior · Risk & Compliance

Requisition ID: 270488

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 
 
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 
 
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. 
 
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

Purpose

Provide leadership and strategic direction for Global Wealth Management's (GWM) U.S. cross-border securities regulatory framework, beneficial ownership oversight, and securities regulatory risk management programs, ensuring GWM can pursue growth opportunities, client acquisition, strategic investments, and geographic expansion in a manner that is compliant, scalable, and aligned with the Bank's risk appetite.
Act as a trusted advisor to GWM U.S. executive leadership on securities regulatory matters that influence U.S. business strategy, revenue growth, market expansion, client experience, and organizational transformation. Lead the development of innovative regulatory solutions that enable business objectives while protecting the Bank's reputation and maintaining regulatory confidence.

Accountabilities 

Beneficial Ownership Program

• • Provides oversight of GWM's beneficial ownership framework to support business growth and strategic investments, by ensuring timely identification, escalation, and management of regulatory ownership obligations across global jurisdictions, including U.S.
  • Advises executive leadership on ownership-related regulatory considerations associated with new business opportunities, acquisitions, and strategic investments. 

Cross-Border Initiatives

• • Leads the securities regulatory strategy and risk oversight for initiatives supporting cross-border client activity, market expansion, strategic transactions, acquisitions, and growth initiatives, with particular emphasis on the U.S.
  • Partners with GWM business leaders to identify securities regulatory pathways that facilitate the introduction of new products, services, client segments, and business models while maintaining appropriate risk controls.
  • Advises executive leadership on regulatory implications of strategic growth opportunities and provides recommendations that balance business objectives, client needs, and risk considerations.
  • Leads securities regulatory risk related integration activities related to acquisitions, strategic partnerships, and business transformation initiatives to accelerate realization of business value and revenue opportunities.
  • Champions the development of scalable operating models, governance structures, and regulatory solutions that support sustainable business growth and improve overall client and advisor experience

• Identifies opportunities to streamline securities regulatory processes, reduce friction in client-facing activities, and enhance execution speed while maintaining strong regulatory compliance and governance standards.
• Drives alignment between securities regulatory priorities and commercial objectives, ensuring teams proactively identify opportunities to support business growth while effectively managing non-financial risk.
• Leads and drives a customer focused culture throughout their team to deepen business relationships and leverage broader Bank relationships, systems and knowledge.
• Creates 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 operational risk and regulatory compliance risk.
• Motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy and managing succession and development planning for the team.

Reporting Relationships 

Primary Manager: Senior Vice President, Business Risk Management & Regulatory Affairs, Global Wealth Management
Direct Reports:    2 Senior Managers, Business Risk Management, Regulatory
Shared Reports:    Matrix reporting to country.
Location:    New York, Dallas
         

Dimensions

• The incumbent regularly interacts with GWM senior leadership teams, legal and risk executives, and external advisors regarding matters that have significant strategic, financial, reputational, and securities regulatory implications.
• Decisions and recommendations influence the Bank's ability to pursue strategic growth initiatives, acquisitions, new business opportunities, client expansion strategies, and cross-border operating models.
• The incumbent must be results oriented with strong organizational and time management skills as the incumbent works in a fast-paced environment and is expected to handle multiple tasks with stringent deadlines.
• The incumbent handles sensitive and confidential information and must have a high level of integrity.
• The incumbent is expected to act independently and arrive at conclusions or recommendations based on the exercise of good judgement on moderately complex decisions falling within standard policies and escalate matters beyond existing policies. Effectively performing this role involves consulting with the team and others as needed.

Education / Experience / Other Information:

• Post-Secondary education and/or professional designations.
• Minimum 10+ years of progressively senior experience in wealth management, regulatory risk, legal, compliance, securities regulation, or financial services governance, including leadership experience within a global financial institution.
• Demonstrated experience advising executive leadership on matters involving strategic growth, acquisitions, cross-border expansion, regulatory transformation, and enterprise risk management.
• 5 or more years of management experience or leading a team of direct reports.
• General understanding of Canadian and United States regulatory environment and industry trends.
• Ability to identify opportunities for initiating, improving and/or standardizing policies, procedures, and systems across GWM whether in response to regulatory changes or identified problems and then conceptualize, produce, and promote efficient and cost-effective solutions to various levels up to and including senior management.
• Excellent written and verbal communication skills and a proven ability to lead and motivate individuals and teams to work together in a coordinated way.
• An enquiring mind, sound judgment and a strategic thinker who can, when appropriate, be tactical and pragmatic.
• Ability to learn, adapt and remain resilient in a dynamic regulatory and business environment.
• Strong project management skills with a proven track record of success with regulatory compliance and technology-based compliance projects.
• Strong analytical skills.
• Capable of simultaneously handling multiple tasks and meeting stringent deadlines.
• Self-motivated, confident and capable of working both independently and in a team environment.
• High level of integrity

Working Conditions

• Work in an office-based environment.
• Workloads are subject to time pressures and non-regular business hours given the global nature of Scotiabank’s businesses and the time sensitivities related to some of the activities noted above.

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. 

#GBM 

Location(s):  United States : Texas : Dallas || United States : New York : New York City

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.

Scotiabank is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.