Director, Global Sanctions Exam Management, Regulatory and Emerging Risks

Title:

Director, Global Sanctions Exam Management, Regulatory and Emerging Risks

Requisition : 244503

We are committed to investing in our employees and helping you continue your career at Scotiabank.

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!

Is This Role Right for You?

Key Responsibilities:

• 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 the potential impact of emerging sanctions regulatory risks to the organization.
• Business Relationship Management - Partner with and strengthen relationships with business units to understand their operations and identify potential regulatory and emerging risks and impact to audit-related matters.
• Cross-functional Collaboration and Communication - Work closely with various departments, including compliance, risk management, and business units, to ensure a coordinated and effective approach to managing sanctions audit. Excellent written and verbal communication skills to effectively convey information to various stakeholders.
• Reporting - Provide updates on sanctions audit findings, controls and risk management to the Deputy Global Head of Sanctions and relevant management for a/committees and personnel as requested.
• Knowledge Awareness - Understand how the Bank’s risk appetite and risk culture should be applied in day-to-day operations and decisions. Develop your own knowledge and contribute to the Bank’s knowledge-base by staying abreast of sanctions industry practices, regulatory standards and emerging risks.

Leadership:

• Establishing a high-performance environment that reinforces…