Vice President, Compliance, Caribbean

Join to apply for the Vice President, Compliance, Caribbean role at Scotiabank Requisition ID: Employee Referral Program – Potential Reward: $0.00 We are committed to investing in our employees and helping you continue your career at Scotiabank. Purpose Provides strategic direction, leadership and oversight for local IB jurisdiction’s Regulatory Compliance & Conduct Programs in the Caribbean, ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, ethical conduct, internal policies and procedures. Accountabilities (Responsibilities) Leads and drives a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge. In collaboration with Caribbean Country Heads and CCO, responsible for the Regulatory relationship within the Caribbean and is a trusted advisor on Regulatory Compliance and Conduct issues within the Caribbean. Directs the design, development and implementation of an appropriate risk-based training program for the resources across all legal entities in the Caribbean jurisdiction. Represents Scotiabank in industry forums and collaborates with industry’s Compliance professionals to address common challenges or changes in regulation. Leads Country Regulatory Compliance and Conduct program in coordination with IB Compliance and other parts of Global Compliance and similar units, including ongoing regulatory liaison, identifying new requirements, developing policies & procedures, conducting training & awareness, ensuring adequate compliance structure and resources, performing risk assessments, monitoring through active participation with management, projects and initiatives, conducting independent testing based on compliance standards, identifying and escalating non‑compliance and providing ongoing reporting. Promotes effective relationships with regulators across the Caribbean. Coordinate all relevant activities to address the Bank’s regulatory issues and remediation projects. Directs day‑to‑day activities consistent with the Bank’s risk culture and the relevant risk appetite statement and limits; communicates the Bank’s risk culture and risk appetite throughout the team. Creates an environment in which the team pursues effective and efficient operations of respective areas, ensuring adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct. Builds a high‑performance environment and implements a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment, communicating vision/values/business strategy and managing succession and development planning. Education / Experience / Other Information Professional Designation (MBA, CPA, Legal) from a credited university with a minimum of 10 years of relevant experience in Compliance, and/or an executive role in an Operations capacity for a foreign financial institution (preferable). In Addition In‑depth understanding of banking and securities regulation. In‑depth understanding of banking products, operations and technology. Efficient, well‑organized with sound judgement, excellent communication skills and unquestioned integrity. Strong leadership, strategic influencing and strategic thinking skills. Willingness and ability to embrace change, including adoption of enhanced data analytics and technology to improve compliance processes and programs. Fluency in English and Spanish. Working Conditions Work in a standard office‑based environment; non‑standard hours are a common occurrence. The workload is demanding, subject to frequent time pressure with a steady flow of legislative/regulatory initiatives and examination reports, both internal and external, which carry specific deadlines. Workload is subject to continual prioritization due to changes of incoming requests from regulators, internal departments. Moderate level of travel globally may be required usually pre‑planned. Location Dominican Republic: Santo Domingo East Seniority level Executive Employment type Full‑time Job function Legal Industries Banking #J-18808-Ljbffr