Director, International Asset Management Compliance (Spanish Required)

Purpose

Leads and oversees Compliance programs for the International Asset Management units within Scotia Global Asset Management, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

While the Country or Regional Country Compliance Head is ultimately responsible for the Compliance programs in IB locations, this position will provide oversight and guidance to the local Compliance programs, including ensuring proper escalation and resolution of non-compliance and other risks and issues, preparation and challenge to risk assessments and Monitoring & Testing plans and other activities as set out in the Global Compliance Standards and Target Operating Model.

Accountabilities:

• Responsible for contributing to Compliance’s ongoing promotion of a globally consistent, customer focused and performance-oriented culture, based on the tenets of professionalism, continuous improvement, and accountability.


• Plan and coordinate the implementation and maintenance of Compliance programs in the countries within the International Banking region where Scotia GAM has Asset Management operations.


• Champion proactive advisory, collaboration and communication within the Regional Compliance teams.  Provides expert advice and counsel to the business units related to regulatory obligations impacting Asset Management in IB Countries. 


• Responsible for ensuring the design of the Compliance Program is aligned to Global Compliance standards and expectations.


• As part of the Compliance leadership team, provides knowledgeable and practical direction to the Vice President, Compliance, Asset Management.


• Responsible for the development and maintenance of ongoing reporting provided by the Compliance Department to senior stakeholders including the Board of Directors, Senior Management Teams, and any applicable provincial regulators, as well as ensuring this reporting meets the standards and expectations of Global Compliance.


• Provide support to the Global Compliance VP and SVP, in the monitoring of regulatory developments, the maintenance and updating of policies, procedures and compliance systems, testing and monitoring programs, regular reporting to senior Compliance and business management and the timely escalation of material compliance concerns; provides expert advice and counsel to the businesses; provide training to Compliance teams and the businesses


• Attend periodic meetings with direct managers of Global Wealth Compliance Global Leads to update and report on emerging issues, progress of initiatives and trends in International Asset Management. Understands how the Bank’s risk appetite should be considered in day-to-day activities, measured, monitored, and reported.


• In cooperation with Global Compliance (Enterprise, IB and GBM/GT) and country/regional leadership to provide coordination, coaching and mentoring to regional officers that support International Asset Management units, in order to facilitate the delivery of globally consistent support and the ongoing development of its officers.


• Participates in 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 regulatory compliance risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, Privacy Risk Framework, and the Code of Conduct.


• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.