Director, Regulatory Relations Group

 

 

 

Requisition ID: 222216

 Salary Range: 180,000.00 - 301,500.00 

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! 

Overview

The incumbent supports with delivery of the Regulatory Relations Group (“RRG”) mandate in the United States and is responsible for managing and supporting supervisory interactions, including exam management, continuous monitoring, senior management discussions with supervisors.  The incumbent will work with senior stakeholders in the three lines of defense, including Bank management and governance 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 oversees the preparation and delivery of formal responses to regulatory letters.

 

The role also assists in development and execution of the RRG strategy to address heightened regulatory expectations and to enhance regulatory transparency.

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 but not limited to: 
  • Providing oversight for regulatory examinations and supervisory interactions and be a central contact for regulators conducting supervisory activity for Scotiabank U.S.
  • Managing and coordinating events related to examinations and continuous monitoring, including negotiating 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
  • Leading and driving a high performing team, assisting the Bank with effective and transparent communications with the supervisors
  • Build relationships with and collaborate with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions
  • Oversee, develop and assist with presentations for senior management meetings with regulatory stakeholders and regular reporting on regulatory matters to senior bank stakeholders and committees
  • Oversight of development of regulatory responses in coordination with other senior stakeholders and management
  • Providing oversight, monitoring and tracking of remediation commitments made by Scotiabank to Regulators and assist with regulatory governance forums
  • Overseeing centralized issue management systems and repository where