Director, Global Regulatory Onboarding - Scotiabank, Toronto

AI Summary

As Director, GBM Onboarding at Scotiabank in Toronto, you will lead a global team overseeing KYC, AML, derivatives, and margin onboarding activities across Global Banking & Markets. This role focuses on ensuring consistent, compliant, and efficient onboarding practices across jurisdictions. Key requirements include a graduate degree, extensive experience in wholesale banking with direct exposure to client onboarding, and deep knowledge of global regulatory frameworks.

About the Opportunity

This pivotal Director, Global Head of Regulatory Onboarding role at Scotiabank offers a unique opportunity to shape the future of client onboarding within Global Banking & Markets. You will be instrumental in leading a global team, driving consistent, compliant, and efficient onboarding practices across various jurisdictions. The position demands a strategic leader capable of overseeing end-to-end onboarding activities, ensuring strict alignment with enterprise standards and evolving regulatory requirements. A key aspect of this role involves acting as a crucial escalation point for complex onboarding issues, coordinating effectively with internal stakeholders to achieve timely resolutions. You will partner extensively with regional and global teams to deliver consistent and compliant onboarding outcomes across diverse markets, enhancing the overall client experience. Furthermore, this role is central to driving the standardization of onboarding processes across GBM jurisdictions, significantly improving efficiency and operational excellence. Your leadership will extend to the design and implementation of process enhancements and technology solutions aimed at streamlining onboarding workflows, contributing to the development of centralized onboarding models, including hub structures and automation initiatives. Ensuring operational execution aligns with GBM KYC & Derivatives Program policies, regulatory requirements, and internal controls is paramount, as is supporting regulatory and system-driven change initiatives, including defining business requirements, testing, and implementation. Overseeing onboarding capacity, workflow allocation, and performance across global teams, while supporting the hiring, staffing, and development of these teams across regions, forms a significant part of your leadership responsibilities. Maintaining strong alignment with internal stakeholders across Front, Middle, and Back Office functions is also critical, as you drive continuous improvement through process optimization, regulatory adaptation, and evolving business requirements in an inclusive culture.

Ideal Candidate Profile

Scotiabank is seeking a highly accomplished professional with a graduate degree in Finance, Business, Economics, or a related discipline for this Director position. The ideal candidate will bring substantial prior experience in wholesale banking or capital markets, coupled with direct exposure to client onboarding, KYC/AML, derivatives, and margin processes. A deep knowledge of global regulatory frameworks impacting onboarding, such as FINTRAC, OSFI, U.S., and UK regulations, is essential to navigate the complex landscape of international finance. Proven experience managing cross-border onboarding processes across multiple jurisdictions, including Canada, the U.S., and the UK, is a critical requirement. Candidates must possess a strong understanding of capital markets products, financial instruments, and end-to-end workflows across Front, Middle, and Back Office functions. The role demands proven experience in designing and implementing onboarding process improvements, standardization initiatives, and innovative operating models. Furthermore, experience leading technology or transformation initiatives, encompassing defining business requirements, supporting business cases, and actively participating in system testing and implementation, is highly valued. Prior experience managing global onboarding operations or large-scale operational teams is crucial for success. Specific knowledge of derivatives onboarding, margin processes, and related compliance requirements is also a key skill. The successful candidate will demonstrate extensive experience working within regulated environments with strict compliance, control, and audit requirements, contributing to an inclusive and high-performing culture at Scotiabank.