Vice President, Compliance, Caribbean

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Requisition : 243769
Employee Referral Program – Potential Reward:$0.00

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Provides strategic direction, leadership and oversight for local IB jurisdiction’s Regulatory Compliance & Conduct Programs in the Caribbean, ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, ethical conduct, internal policies and procedures.

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• In collaboration with Caribbean Country Heads and CCO, the incumbent is responsible for the Regulatory relationship within the Caribbean and is a trusted advisor on Regulatory Compliance and Conduct issues within the Caribbean
• Directs the design, development and implementation of an appropriate risk-based training program for the resources across all the legal entities in the Caribbean jurisdiction
• Represents Scotiabank in industry forums and collaborates with industry’s Compliance professionals to address common challenges or changes in regulation
• Leads Country Regulatory Compliance and Conduct program in co-ordination with IB Compliance and other parts of Global Compliance and similar Compliance units, elsewhere. This includes ongoing regulatory liaison, identifying new regulatory requirements, developing policies & procedures, conducting training & awareness, ensuring adequate Compliance structure and resources, performing risk assessments, monitoring through active participation with management, projects and initiatives, conducting independent testing based on Compliance standards, identifying and escalating non-compliance and providing ongoing reporting
• Promotes effective relationships with regulators across the Caribbean
• Coordinate all relevant activities to address the Bank’s regulatory issues and remediation projects
• Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams
• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, 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, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct
• Builds 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

• Professional Designation (MBA, CPA, Legal) from a credited university with a minimum of 10 years of relevant experience in Compliance, and/or an executive role in an Operations capacity for a foreign financial institution (preferable)

• In-depth understanding of banking and securities regulation
• In-depth understanding of Banking products, operations and technology
• Efficient, well organized with sound judgement, excellent communication skills and unquestioned integrity
• Strong leadership, strategic influencing and strategic thinking skills
• Willingness and ability to embrace change, including adoption of enhanced data analytics and technology to improve Compliance processes and programs
• Fluency in English and Spanish

• Work in a standard office-based environment; non-standard hours are a common occurrence
• The workload is demanding, subject to frequent time pressure with a steady flow of legislative/regulatory initiatives and examination reports, both…