Regulatory Practice Partner

Requisition ID: 206908

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

MD Management Limited, a division of Scotia Wealth Management, has an exciting opportunity for a talented, enthusiastic, and client-focused Regulatory Practice Partner to join our team in multiple locations across Canada.** Ottawa, Vancouver, Victoria, Edmonton, Calgary Toronto, North York, Hamilton, Kingston and Halifax.**

The Regulatory Practice Partner is responsible supporting regional leadership with effective management and oversight of regulatory and compliance activities occurring in the region. The role will report to the Senior Manager, Regulatory and Business Risk with a dotted line the Regional Head. The Regional Head is responsible for overall supervision of their region. This role provides governance oversight support as a core method to help manage regulatory risk within the regional offices which includes assisting the Regional Head (RH) and Regional Managers (RM) with their regulatory obligations. The role will provide support in the form of advice, monitoring, testing and reviewing of regulatory and compliance issues with the objective of fostering a risk-based culture that supports risk mitigation while also improving the overall client experience. The role will work closely with key partners in Regulatory, Compliance and Practice Management.

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

- Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Monitor regulatory changes and understand industry best practice with a view to ensuring continued regulatory compliance and continuous improvement of the supervision/surveillance programs from the point of view of the business.
- Work with key partners, a point of contact for regional leadership on regulatory topics (KYC, KYP, Account Supervision, AML, global tax programs, etc.).
- Provide ad-hoc and focused regulatory and supervision reviews to enable regional leaders to be more effective in managing their oversight responsibilities and advisor charter metrics. Work closely with key partners during the review process and provides feedback to RH’s and RM’s on regional trends and expected outcomes i.e., deficiencies, file reviews, needed action plans etc.
- Work with the Practice Lead and Regulatory Affairs, provides analytical assessments of data
- provides opinions to Regional Leadership and identifies areas of concern where required. Ensures issues are well documented with action plans. Identifies systematic issues with the ability to summarize and provide consolidated feedback to direct management and regional leadership.
- Oversee support for compensation - provides support for the collection of evidence of information for compensation reviews; highlights areas of concern i.e., conflict of interest; ensures proper evidence and action plans are being documented, logged and tracked. The intent being to support and enable the RH with the oversight and to provide a business line effective challenge on areas of concern.
- Provide reactive support and advice to regional leadership queries with respect to regulatory matters and spots opportunities to provide proactive support where needed i.e., support the Regional Manager with investigations as needed and provides feedback on deficiencies in order for them to coach advisors/admins.
- Lead and supports supervision spot checks as well as monitoring and testing initiatives that may be identifed through day-to-day activities (ad-hoc) or be assigned by the Senior Manager, Business and Regulatory Risk i.e., insurance supervision monitoring, KYC testing, file review support for the RH. Responsible for documenting consolidated reports based on outcomes.
- Provide audit support and advice to the RH (and RMs) during branch exams which includes documenting and tracking of action plans, as needed, and provides effective challenge and advice to key partners.
- Act as representative to the business to update and maintain regional policies and procedures to appropriately address identified risks and monitor the effectiveness of these policies and procedures; work closely with key partners including, Practice Lead, Regulatory Affairs, Compliance, RHs, RM’s, to ensure optimal processes and systems are developed, leveraged and implemented nationally, when warranted.
- Work closely with the Senior Manager, Regulatory Affairs to ensure the regulatory control library remains current as it pertains to regional processes and controls that have a regulatory impact.
- Ensure regional / business level processes and procedures are properly executed, documented, and reviewed. Will lead and support the RH with updates to regional policies, procedures and Work Instruction’s (WI’s); as needed, which includes the internal website.
- Work closely with Regional Heads and key partners to develop and implement r