Chief Compliance Officer - Scotia Securities Inc. & Tangerine Investment Funds Limited

Chief Compliance Officer - Scotia Securities Inc. & Tangerine Investment Funds Limited

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Requisition ID : 236200

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

The CCO (Director) will provide strategic direction to Scotia Securities Inc. (SSI) and Tangerine Investment Funds Limited (TIFL) to ensure a comprehensive compliance risk management program is in place that reflects industry best practice and to manage the program and assist senior management of Global Compliance in fulfilling their responsibilities to provide reasonable assurance to Management and the Boards of SSI, TIFL and Scotiabank that SSI and TIFL complies in a cost-effective manner with governing regulations and internal policies and procedures. In doing so, the incumbent is responsible for fostering public trust and satisfactory relationships with regulators and minimizing the risk of financial loss, damage to reputation, regulatory sanction, and litigation, fines or penalties for the organization and the respective Directors, Officers and employees.

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

Lead and manage SSI and TIFL Compliance operations, including 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; provide expert advice and counsel to the business.

Support the implementation of an enterprise-wide strategy for effective managing Compliance Risk in SSI and TIFL. “Compliance Risk” is defined to include regulatory compliance and adherence to ethical standards.

Promote effective relationships with key regulators of the business.

Contribute to an environment in which the team pursues effective and efficient operations of respective areas while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls within the businesses to meet obligations with respect to operational risk, regulatory compliance risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Guidelines for Business Conduct.

Lead and drive a customer-focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Build a high-performance environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision / values / business strategy and managing succession and development planning for the team.

Act as an expert resource and relationship manager between management and the business and the Compliance team for the business. Assist on specific projects (e.g. special investigations, regulatory initiatives etc.) and advise on transformational initiatives and promote the concept of ‘Compliance by Design’

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Motivate their team by fostering an inclusive work environment; communicating vision / values / business strategy and managing succession and development planning for the team.

Skills

• University degree required;
• MBA and / or LLB in common law is an asset;
• In-depth knowledge of regulatory, compliance and legal requirements and issues in the business units and the securities industry gained through at least 10 years of relevant industry and professional experience and education;
• Passed the Canadian Securities course and Partners, Directors and Senior Officers Qualifying Exam (PDO) and / or other required proficiency within the last three years or will pass them as a condition of employment;
• Experience requirements to be registered as a Chief Compliance Officer of SSI and TIFL : 12 months of relevant securities industry experience in the 36-month period before applying for registration;
• Thorough knowledge of legislation and regulations in respect of securities, mutual fund manufacturing and distribution and CIRO regulations;

Strategic, critical thinking; solutions oriented, outcomes driven and a thought leader

Excellent organization and time-management skills; and Leadership and motivational skills.

Some More Information You Might Want To Know

You must be results-oriented with strong organizational and time management skills as you will work in a fast-paced environment and are expected to handle multiple tasks with stringent deadlines. Effectively performing this role involves working with and providing guidance to the team to ensure that all tasks are being addressed.

You will handle sensitive and confidential information and must have a high level of integrity.

You are expected to act independently and arrive at conclusions or recommendations based on the exercise of good judgement on moderately complex decisions falling within standard policies and escalate matters beyond existing policies. Effectively performing this role involves consulting with the team and others as needed.

You will liaise with other Global Compliance related team members.

You will contribute to Compliance Transformation initiatives in Canadian Banking and Wealth Management Compliance.

You will be an integral partner and provide strategic advice to business heads and decisions that protect and enable the achievement of business strategies and transformational program.

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 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.

Seniority level

Director

Employment type

Full-time

Job function

Legal

Industries

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