Manager, Scotia Financial Planning Supervision

Requisition ID: 273045 

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

Purpose:

The Manager, Scotia Financial Planning Supervision plays a critical role in Scotia Securities Inc's (SSI) commitment to minimizing defects and regulatory risks at the national level. Reporting to the Senior Manager, Scotia Financial Planning Supervision, this position involves working within a team of licensed BCOs (Branch Compliance Officers) and providing essential support and oversight to the Regional Managers (BCO) and Financial Planners (FP). The primary focus is to contribute to the National Team's efforts in promoting compliance with BCO Accountabilities and Supervisory Responsibilities. Additionally, the Manager will contribute to enhancing mutual funds subject matter expertise across all registrants and minimizing regulatory risk.

The incumbent will also participate in ad-hoc initiatives providing expert knowledge in the understanding and remediation of emerging risks and/or new issues and will be responsible for the sustainment and the promotion of all changes and innovations, (including the way we do business and how we conduct ourselves) in a dynamic regulatory environment.

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

• BCO Oversight and Compliance Planning:

o Develop an annual SSI compliance plans/objectives for assigned Regions, considering factors such as compliance risk in each Region, tolerance thresholds, SSI Testing results, and emerging trends.
o Implement oversight activities to support Regions in managing SSI regulatory risk, including a coaching framework, performance considerations with Senior Leadership, monitoring, reporting, and addressing compliance issues proactively.
o Assist Regions in preparing for audits or SSI Testing engagements, ensuring compliance with regulatory requirements and the Bank's SSI policies and procedures.
o Provide targeted coaching to ensure alignment with regulatory requirements and the Bank's SSI policies and procedures.

• Promoting Compliance at All Levels:

o Participate in Regional meetings to emphasize the importance of a high compliance environment and communicate expected results.
o Assist with messaging to keep compliance and best-in-class conduct top-of-mind for all employees.
o Ensure leaders have a solid understanding of legal, regulatory, and compliance requirements relevant to their units.

• Minimizing SSI Defects:

o Provide targeted coaching to Mutual Fund Representatives on effective management of SSI defects, promoting efficiency and timely resolution.
o Act as a gatekeeper between Regions and Registration to ensure quality and timely submissions.

• Compliance Leadership and Collaboration:

o Escalate issues promptly to ensure resolution.
o Participate in ad-hoc initiatives aimed at risk mitigation, regulatory compliance, and process improvement.

• Risk Culture and Inclusivity:

o Understand how the Bank’s risk appetite and risk culture should be considered in SSI day-to-day activities and decisions
o Contribute to fostering a compliant environment and encourage an inclusive work environment, supporting the vision/values/business strategy for the team

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Post-Secondary education and/or professional designations
• 1+ years of Branch Compliance Officer experience
• Currently registered as a Mutual Fund Representative
• Excellent communication skills (written, verbal, PowerPoint, Excel)
• Solid understanding of key existing regulatory requirements and the Bank’s SSI policies and procedures
• Strong organizational capabilities to drive simultaneous priority deliverables
• Proven ability to influence, coordinate and manage expectations with multiple stakeholders as required
• Ability to work in cross functional teams on initiatives and projects of varying scope

Work Arrangement:

• Combination of working from home and in the office; nonstandard hours may occur
• Limited travel domestically may be required

Location(s):  Canada : Ontario : Toronto 

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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. 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.