Senior Manager, Compliance Testing

Senior Manager, Compliance Testing – Canadian Banking & Wealth Management Senior Manager, Compliance Testing – Canadian Banking & Wealth Management role at Scotiabank Requisition ID: Join a purpose‑driven winning team, committed to results, in an inclusive and high‑performing culture. Purpose Leads and oversees CB and WM Compliance Testing in Canada ensuring business strategies, plans, and initiatives are executed/delivered in compliance with governing regulations, internal policies, and procedures. Accountabilities Lead and drive a customer‑focused culture throughout the team to deepen client relationships and leverage broader bank relationships, systems and knowledge. Oversee and execute testing for Canadian Banking and Canadian Wealth Management (CB & WM), assessing the design and operating effectiveness of compliance controls and adherence to regulatory requirements as well as the bank’s internal standards, policies and procedures. Work closely with the Director – Testing and other compliance partners to develop, support and execute the testing program. Participate in the development of the annual test plan in coordination with local compliance counterparts, first line (1B) and internal audit, including tracking and reporting of testing completion against the annual plan. Maintain relationships with Business Line Compliance, Internal Audit and first line to ensure alignment and smooth execution of test plans, minimizing the impact on business. Proactively identify potential violations or risk of non‑compliance with regulatory requirements, internal policies and procedures in a timely manner and make recommendations to mitigate compliance risk during testing engagements. Maintain relationships and work closely with Business Line management to understand compliance risk in the business and build or adjust our testing approach and issue recommendations accordingly. Identify, define, and build a risk‑effective and cost‑efficient testing program by providing feedback on enhancements to the testing methodology (risk‑prioritized assessments, testing cycles, reporting results, etc.), looking for opportunities to automate testing procedures, use data analytics, etc. Identify trends and/or gaps and report findings with recommendations on how to improve the effectiveness of business line controls. Validate actions taken by management to remediate, and assess the sustainability of these actions to close reported testing issues. Understand how the bank’s risk appetite and risk culture should be considered in day‑to‑day activities and decisions. Create an environment in which the team pursues effective and efficient operations of its respective areas in accordance with Scotiabank’s values, its code of conduct and the global sales principles, while ensuring the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. Build a high‑performance environment and implement a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vision, values and business strategy; and managing succession and development planning for the team. Education / Experience Post‑secondary education – CPA or MBA is desirable. A minimum of 5+ years of compliance, audit or regulatory exam support experience with at least 3+ years involving testing or audit. Very good understanding of risk & controls – particularly controls testing methodology and related tools. Advanced knowledge of regulatory, compliance and industry requirements, including knowledge of related issues facing the CB & Canadian WM business lines. Demonstrated leadership and people management skills and strong coaching skills. Strong attention to detail. Strong written and verbal communication skills; ability to communicate well across all levels of an organization. Excellent analytical skills with the ability to review, interpret and synthesize data to drive investigations on potential exceptions. Strong relationship management skills. Strong project management skills. Highly organized and capable of dealing with multiple complex projects. Nice to have – bilingual in English and French. Behavioral Competencies Clear and confident communicator – verbal & written; given interactions with senior executives. Strategic thinker and good negotiation skills. Demonstrated ability to remain calm and focused when faced with competing issues of importance. Change manager – able to demonstrate agility, resilience and resourcefulness in executing plans even in changing environments and within available resources and timeframes. Ability to demonstrate multi‑tasking and flexibility in working with a diverse group of stakeholders/business units. Location Canada – Ontario – Toronto Seniority Level Mid‑senior level Employment Type Full‑time Job Function Legal Industries Banking About Scotiabank Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. At Scotiabank, we value the unique skills and experiences each individual brings to the bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let our recruitment team know. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted. Referrals Referrals increase your chances of interviewing at Scotiabank by 2x. Job Alerts Get notified about new Senior Compliance Manager jobs in Toronto, Ontario, Canada. #J-18808-Ljbffr