Description

 

 

 

Requisition ID: 214780

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

 

The Director leads and oversees regulatory requirements, governance and compliance of compensation for the Bank globally, ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

 

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

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

  • Lead the compensation governance and compliance team for Scotiabank. As the subject matter expert on compensation regulatory requirements and related governance, ensures compliance with remuneration-related regulations globally, including the creation / preparation of policies, procedures and regulatory reporting in collaboration with Compliance and other internal groups

  • Lead and directs the end-to-end delivery of the Human Capital and Compensation Committee of the Board’s (HCOB’s) agenda and process including material preparation and oversight of quality and timelines, etc., in support of the HCOB’s mandate. This includes collaborating with local HR to support remuneration-related requirements of subsidiary boards to ensure the HCOB’s discharge of local requirements as the overarching remuneration committee for Scotiabank  

  • Ensure the Bank’s compensation programs and policies are compliant with all global and local remuneration-related regulatory requirements and guidelines; leads the development of the Bank’s response to shareholder and regulatory compensation-related requests; oversees the preparation of related disclosures, reports and filings (e.g., compensation of material risk employees, Pillar 3 reports, portions of the Management Proxy Circular, etc.), which must stand up to rigorous scrutiny by multiple external and internal reviewers including regulators, shareholders, proxy advisors, Internal Audit and Compliance

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

  • Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk 

  • Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team

 

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

  • 10+ years of progressive compensation experience including executive and regulatory compensation, compensation governance, shareholder and proxy advisor guidelines & disclosure

  • Regular interactions with executives and senior management 

  • Practical experience at a senior level with interpreting applicable regulations and laws  

 

What’s in it for you:

  • 2 direct reports 

  • Bank-wide / global scope 

  • Multiple jurisdictions, each with its own unique requirements relating to remuneration of local staff and material risk employees 

  • Compliance with numerous global and country/region-specific regulatory bodies and/or requirements, including OSFI, Basel, FSB, EBA, PRA, FCA, CBI, APRA, RBI, MAS, BNM, NCUA, FDIC, FHFA, FED, OCC, SEC, CVM, CMF, BVC, Superfinanciera, CNBV, CBGC etc.

  • Shareholder / proxy advisory guidance and best practices, including ISS, Glass Lewis, NEI, etc

 

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.