Director, Global Sanctions Exam Management, Regulatory and Emerging Risks

Title:

Director, Global Sanctions Exam Management, Regulatory and Emerging Risks

Requisition : 244379

Salary Range:-

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

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!

The incumbent will lead the sanctions exam management that would entail leading efforts on audit-related matters, as well as leading environmental landscape analysis by conducting research, identifying, assessing and advising on emerging risks and sanctions regulatory changes. The incumbent will stay abreast of sanctions regulatory changes, analyze potential impacts, develop strategies to ensure compliance and minimize potential liabilities.

The incumbent will advise and report to the Deputy Global Head of Sanctions and coordinate with Global Sanctions principles to ensure applicable policies, standards, procedures, trainings, and governance functions are agile to meet the ever-evolving sanctions risks.

The Sanctions Exam Management & Regulatory Emerging Risks Director oversees the identification, assessment, and management of risks connected with new or emerging sanctions regulatory and legal risks, ensures sanctions compliance and minimizes potential negative impacts for an organization. The incumbent is responsible to lead and oversee the Global Sanctions Exam Management, Regulatory and Emerging Risks function, which includes the following:

• Regulatory & Industry Expertise - Stay abreast of changes in sanctions regulations, emerging risks, and industry best practices, providing expert guidance to the organization.
• Regulatory & Audit Liaison - Act as the primary focal point and liaison with regulators, examiners, and auditors coordinating efforts, providing accurate information and responding to inquiries.
• Audit management and coordination – Oversee sanctions-related audit and coordinate with appropriate stakeholders, including identifying potential audit-related issues as well as conducting reviews and ensuring timely and high-quality completion of audit work papers and closure packages.
• Strategy Development - Develop and implement audit strategies to mitigate or address identified emerging sanctions regulatory risks.
• Monitoring and Analysis - Continuously monitor and research the sanctions regulatory landscape for emerging trends, new regulations, and changes to existing rules. Ability to analyze complex information and identify potential sanctions risks.
• Policy & Strategy Development - Contribute to the development and implementation of regulatory policies and strategies and emerging risks impacting the sanctions compliance programme.
• Risk Assessment, Identification & Remediation - Conduct regular risk assessments to identify and assess potential sanctions regulatory risks, including those arising from new or changing laws, regulations, or industry trends. Identify and where applicable/possible, mitigate sanctions-related risks, including emerging risks and vulnerabilities and ensure adherence to regulatory requirements. Evaluate…