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Director, IT Regulatory Change Management

Requisition ID: 204892

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

The Technology Regulatory Management function plays an important role in the Bank’s technology and security compliance risk management by implementing the IT&S Regulatory Compliance Management (RCM) Framework in accordance with the regulatory requirements of OSFI’s Guideline E13 and in conjunction with the Bank’s overall Regulatory Compliance Program.

The Director, IT Regulatory Change Management supports the Director, Technology Regulatory Management and provides Regulatory Compliance Management (RCM) related support including regulatory change & issues management oversight, ensuring that technology activities and recommendations are compliant with relevant regulations, internal policies and procedures and that risk appetite is always met and aligned with the established Global Compliance risk appetite

Accountabilities

• Support the Director, Technology Regulatory Management to enable the Regulatory Compliance Management (RCM) activities.

• Perform Regulatory Change Management activities:

• Perform horizon scanning for new or amendments to regulations (Canada/Global).

• Engage key stakeholders for the analysis and interpretation of regulations.

• Coordinate with stakeholders to conduct gap/ impact assessments for regulatory changes and update in OpenPages.

• Record/update regulations in the OpenPages/RCM module.

• Maintain ongoing awareness of new and emerging regulatory guidelines, publications, and requirements relating to all aspects of Cyber and IT Risk.

• Complete monthly follow-ups on new regulations or project developments (globally).

• Help address requests / coordinate responses / prepare regulatory reports and updates as required e.g., ROC report, Technology Regulatory Forum, Technology Risk Committee, Consultations and Advocacy Working Group, Corporate Functions Compliance, etc.

• Help coordinate the creation ofGlobal Issues Management System (GIMS) issues as required.

• Assist with updating relevant regulatory documentation e.g., Regulatory Obligations Operating Procedure (ROOP).

• Support internal audit activities and annual information request activities.

• Perform Issues Management activities:

• Track and update regulatory issues, monitoring compliance issues, on-site reviews, and requests for information (RFIs).

• Generate report with commentary on regulatory issues for the monthly IT dashboard.

• Perform annual updates as needed on the Technology Issue Management Operating Procedure.

• Provide support with OpenPages 8.3 to 1st line stakeholders as needed.

• Address ad-hoc requests from Global Compliance on IT issues.

• Reporting:

• Provide regular updates on regulatory issues, exams, monitoring compliance issues, on-site reviews and regulations.

• Provide updates on reporting incident timelines per jurisdiction according to local regulations.

• Provide updates on regulatory issues, exams, on-site reviews and regulations for the quarterly Corporate Functions Compliance report.

• Review and provide commentary on regulatory issues and monitor compliance to the Corporate Functions Issue Management dashboard monthly.

Education/Experience

• Minimum 10+ years experience with strong knowledge in regulatory and industry frameworks, guidelines and standards governing the management of technology systems and information security (OSFI, COBIT, NIST, ITIL etc.).

• Bilingual in Spanish is preferable.

• Must have a proven success at managing a team, leading and executing change initiatives.

• Excellent communication (both verbal and written). The ability to communicate confidently and clearly on conference calls, in meetings, via email, etc. at all levels of the organization including but not limited to Senior Executives is essential.

• Must possess strong presentation skills and actively participate in relevant committees.

• Excellent stakeholder management and influencing skills, capable of balancing multiple perspectives, effective at all levels up to senior executive.

• Good knowledge of multiple global banking businesses including related systems and procedures.

• Sound business and technical acumen, with demonstrated agility in learning and ability to quickly become comfortable with unfamiliar businesses areas or of technologies. Ability to connect programs/projects to broader regulatory requirement and grasp the key performance drivers of business partners.

• Proven ability to work both independently and within a team environment.

• Must be diplomatic, flexible, with a positive, mature attitude, and the ability to remain calm under pressure and to deliver under tight timelines.

• Must also be proactive and creative, with strong, proven ability to plan and manage competing priorities, as well as ability to recognize and appropriately handle sensitive and confidential information.

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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.