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IT Regulatory Compliance Manager

2 months ago


Toronto, Ontario, Canada Scotiabank Full time

Job Summary

The Director, IT Regulatory Change Management plays a critical role in Scotiabank's technology and security compliance risk management by implementing the IT&S Regulatory Compliance Management (RCM) Framework in accordance with regulatory requirements. This position supports the Director, Technology Regulatory Management and provides Regulatory Compliance Management (RCM) related support, ensuring that technology activities and recommendations are compliant with relevant regulations, internal policies, and procedures.

Key Responsibilities

  • Support the Director, Technology Regulatory Management to enable Regulatory Compliance Management (RCM) activities.
  • Perform Regulatory Change Management activities, including horizon scanning for new or amended regulations, engaging key stakeholders for analysis and interpretation, and coordinating with stakeholders to conduct gap/impact assessments.
  • Record and update regulations in the OpenPages/RCM module and maintain ongoing awareness of new and emerging regulatory guidelines.
  • Complete monthly follow-ups on new regulations or project developments and help address requests/coordinate responses/prepares regulatory reports and updates as required.
  • Perform Issues Management activities, including tracking and updating regulatory issues, monitoring compliance issues, on-site reviews, and requests for information.
  • Generate reports with commentary on regulatory issues for the monthly IT dashboard and perform annual updates as needed on the Technology Issue Management Operating Procedure.
  • Provide regular updates on regulatory issues, exams, monitoring compliance issues, on-site reviews, and regulations, and provide updates on reporting incident timelines per jurisdiction according to local regulations.

Requirements

  • Minimum 10+ years of experience with strong knowledge in regulatory and industry frameworks, guidelines, and standards governing the management of technology systems and information security.
  • Bilingual in Spanish is preferable.
  • Proven success at managing a team, leading and executing change initiatives.
  • Excellent communication (both verbal and written) and presentation skills, with the ability to communicate confidently and clearly at all levels of the organization.
  • Strong stakeholder management and influencing skills, capable of balancing multiple perspectives, effective at all levels up to senior executive.
  • Good knowledge of multiple global banking businesses, including related systems and procedures.
  • Sound business and technical acumen, with demonstrated agility in learning and ability to quickly become comfortable with unfamiliar business areas or technologies.
  • Proven ability to work both independently and within a team environment.
  • Diplomatic, flexible, with a positive, mature attitude, and the ability to remain calm under pressure and to deliver under tight timelines.