Head of IT Regulatory Compliance Management

3 weeks ago


Toronto, Ontario, Canada Scotiabank Full time

Position Overview

The Director of Regulatory Change Management in IT plays a crucial role in overseeing the Bank's adherence to technology and security compliance regulations. This position is integral to the implementation of the IT&S Regulatory Compliance Management (RCM) Framework, ensuring alignment with the regulatory mandates set forth by the Office of the Superintendent of Financial Institutions (OSFI) and the Bank's comprehensive Regulatory Compliance Program.

Key Responsibilities

  • Support and Collaboration: Assist the Director of Technology Regulatory Management in facilitating RCM activities and ensuring effective regulatory compliance.
  • Regulatory Change Management: Conduct thorough horizon scanning for new or amended regulations both locally and globally. Engage with key stakeholders to analyze and interpret these regulations. Coordinate impact assessments for regulatory changes and maintain accurate records in OpenPages.
  • Ongoing Awareness: Stay informed about emerging regulatory guidelines and requirements related to Cyber and IT Risk. Conduct monthly follow-ups on new regulations and project developments.
  • Issues Management: Monitor and track regulatory issues, compliance challenges, and requests for information. Generate insightful reports on regulatory issues for internal dashboards.
  • Reporting: Provide comprehensive updates on regulatory issues, compliance examinations, and monitoring activities. Ensure timely reporting in accordance with local regulations.

Qualifications

  • Over 10 years of experience with a deep understanding of regulatory frameworks and standards governing technology systems and information security.
  • Bilingual proficiency in Spanish is preferred.
  • Demonstrated success in team management and leading change initiatives.
  • Exceptional communication skills, both verbal and written, with the ability to engage effectively with stakeholders at all organizational levels.
  • Strong presentation abilities and active participation in relevant committees.
  • Proficient in stakeholder management, capable of balancing diverse perspectives.
  • Solid understanding of global banking operations and related systems.
  • Sound business acumen with the ability to quickly adapt to new technologies and business areas.
  • Proven ability to work independently and collaboratively within a team.
  • Exhibit a diplomatic and flexible approach, maintaining composure under pressure.
  • Proactive and creative in managing competing priorities while handling sensitive information appropriately.


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