Director, Regulatory Compliance and Risk Management

2 days ago


Old Toronto, Canada Scotiabank Full time
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The Director, Language Regulations Compliance will lead the development and maintenance of a language compliance program for Scotiabank (the "Bank"), focused on French language legislation in Canada ("Francization").

Is this role right for you? In this role, you will:

  1. Support the implementation of a Canada-wide strategy for compliance with applicable Federal and provincial language legislation and effective management of language-related compliance risk.
  2. Lead and manage a language regulations compliance program, aligned with the Compliance Management Framework eight key pillars of compliance risk management. These include monitoring regulatory developments, issues management, creating and maintaining policies and procedures, testing and monitoring, regular reporting to senior Compliance and Business management, and the timely escalation of material compliance concerns.
  3. Provide expert advice and counsel to applicable business units related to language-related legislative and/or regulatory obligations under applicable Federal and Provincial law.
  4. Promote and maintain effective relationships with key regulators such as the Office Québécois de la Langue Française (OQLF).
  5. Maintain track of audit management action plans related to French language and language-related compliance and provide appropriate second line challenge.
  6. Manage all aspects of the preparation and filing of all required triennial reports to the OQLF and collect, compile and analyze all necessary data underpinning these reports on French language compliance within the Bank.
  7. Manage regulatory complaints and complaints related to the Bank's compliance with French language obligations, including enlisting the necessary internal groups to investigate and resolve such complaints.
  8. Participate in the design of appropriate management reporting (e.g., to monitor the efficiency and effectiveness of the Bank's language regulations compliance program.


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