Requisition ID: 211618
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Manager, Regulatory Governance (RESL) contributes to the overall success of Retail Credit Risk, Real Estate Secured Lending in Canada by supporting the activities under the Bank's regulatory compliance management program to ensure the Real Estate Secured Lending portfolio is managed in compliance with governing regulations, internal policies and procedures.

This position is critical to ensure an effective regulatory governance program is in place for the Real Estate Secured Lending portfolio and to identify and address issues that can result in substantial regulatory and/or reputational risk.

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

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Support the activities under the Bank's Regulatory Compliance Management Program for the RESL portfolio including - horizon scanning (identifying regulatory changes), maintaining regulatory and control libraries, conducting Compliance Risk Assessments and related activities to comply with the Bank's Regulatory Compliance Management Policies.
• Be responsible for monitoring and identifying regulatory changes that impact the RESL portfolio, identifying impacted groups, and assessing the potential impact of the change to the Bank. Report and escalate identified deficiencies to management and monitors corrective actions.
• Support the review of the Residential Mortgage Underwriting Policy (RMUP) and other related policies, to ensure compliance with governing regulations (e.g. B-20 Guideline), internal requirements, and industry best practices.
• Partner with the Business Line (RESL) to develop plans to remediate issues raised by Internal Audit and/or regulatory examinations and support annual review of regulatory and Bank-driven initiatives (e.g. Self-Assessments).
• Maintain ongoing awareness of industry best practices and regulatory requirements and communicate findings with recommendations to management.
• Collaborate with internal stakeholders including the business line, control and support functions to maintain effective internal communication through the ongoing sharing and acquiring of information.
• Carry out special projects or investigations as requested by senior management.

Do you have the skills that will enable you to succeed? We'd love to work with you if you have:

• University degree is required; MBA a plus
• A minimum of 5 to 7 years of relevant work experience in the financial services industry
• Understanding of retail credit, risk management, policies/procedures associated with retail credit products and delivery channels
• Excellent written and oral communication skills and interpersonal skills
• Attention to detail, strong planning and organization skills, with ability to multi-task and manage changing priorities.
• Ability to work independently and provide sound recommendations
• Strong skills in Microsoft Office (Excel, PowerPoint, Word, SharePoint, etc.)

What's in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.