Director, Regulatory and Fiduciary Oversight
Ontario 1+ months ago
Job Description
Requisition ID:
Join a purpose driven winning team, committed to results, in an inclusive and high:performing culture.
As the Director, Regulatory and Fiduciary Oversight,youare responsible for overseeing all aspects of oversight related to Scotiatrust, with respect to both its fiduciary responsibilities and regulatory obligations. This includes all types of business within the trust company, including where it acts as agent or custodian, across its various product solutions. You lead a national team that supports the Relationship Managers and Associates that service clients and beneficiaries and that interacts with control functions and other partners to manage risk effectively. You will also collaborate with colleagues to develop and implement key initiatives that improve Scotiatrust's risk management framework while also striving to make it easier to do business. As the leading subject matter expert on estate and trust fiduciary and regulatory issues, you will also be responsible for managing related policies and procedures as well as consulting with stakeholders as needed
Is this role right for you? The role:
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Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
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Provides oversight and guidance to Scotiatrust branches, which includes leadership of the Branch Oversight and Client Services team and the discretionary powers council, development and management of business policies, and collaboration with business partners to maintain business controls. It also includes leading the Branch Oversight and Risk Assessment process.
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Oversees Scotiatrust's regulatory compliance, including AML/ATF and CRA reporting, QI/FATCA/CRS requirements, SEC/CSA regulations, and any other obligations to various regulators, as well as all related monitoring and reporting. It also includes acting as Scotiatrust's Chief Privacy Officer and all related requirements.
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Leads all required efforts in support of Scotiatrust participating in various internal, external and regulatory audits and testing by control functions, with whom the incumbent partners effectively to ensure there is strong risk management embedded within the business's operating framework.
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Manages the processes related to complaints and litigation, including any tracking and reporting, providing guidance to colleagues and partnering with control functions to ensure we meet industry expectations and regulatory obligations.
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Provides subject matter expertise to colleagues, both within Scotiatrust and across the enterprise, contributing to new business onboarding, participating in key initiatives, supporting various reporting activities, managing problematic files, and leading specific business efforts that require strong fiduciary and legal expertise, such as Scotiatrust's role as registered plan trustee.
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Understands how the Bank's risk appetite and risk culture should be considered in day:to:day activities and decisions.
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Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day:to:day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guideline
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