Senior Manager, Regulatory Relations

Scotiabank•Dallas, TX

7d•Onsite

About The Position

The incumbent is responsible for supporting and coordinating supervisory exam management, continuous regulatory monitoring interactions, assisting with oversight of regulatory remediation and reporting to internal Bank senior management and committees on regulatory topics. The role includes partnering closely with, and providing support, advice and guidance, to business unit and control function management to support their regulatory interactions. The role also provides oversight and monitoring of remediation commitments made by Scotiabank U.S. to its regulators and assists with the preparation of formal responses to regulatory letters and commitments.

Requirements

Bachelor’s degree.
At least seven years of experience at a Financial Services Firm, Consulting Firm, or Regulatory agency such as the FRB, FINRA etc. or a similar position in the financial services industry/ regulatory background.
A detailed and in-depth understanding of financial markets, products and control functions.
Excellent written and oral communication, with strong presentation and interpersonal skills to effectively guide internal and external partners.
Attention to detail, strong planning and organization skills, with ability to multi-task and manage changing priorities.
Ability to work independently with both regulatory staff and senior Bank personnel.
Strong Office productivity skills (MS PowerPoint, Word, Excel).

Nice To Haves

Master’s, MBA/JD a plus.
Prior consulting experience is a strong plus.

Responsibilities

Manages coordination of interactions with U.S. regulators including but not limited to: Providing U.S. oversight for regulatory examinations, continuous monitoring and act as a central contact for regulators
Managing & coordinating events related to examinations and continuous monitoring, including scope and timing of reviews, monitoring and supporting delivery of requested information, and coordinating and attending regulatory meetings with control functions and business unit personnel
Collaborating with U.S. Business and Control Function Heads to provide guidance on regulatory matters and supporting their regulatory interactions
Developing presentations for senior management meetings with regulatory stakeholders and regular reporting on regulatory matters to senior bank stakeholders and committee
Drafting of regulatory responses in coordination with other senior stakeholders and management
Providing oversight, monitoring and tracking of remediation commitments made by Scotiabank to Regulators and assist with execution of U.S. regulatory governance forums
Overseeing centralized issue management systems and repository where documents are stored and previous examination memos and reports are archived
Ensuring timely submission of all requested daily, weekly and monthly reporting to our regulators
Identifying risks arising from interactions with regulators and escalating them as appropriate
Participate in driving quarterly reporting and continuous monitoring submissions to regulators.
Understand how Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively 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 Guidelines for Business Conduct.
Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.