Regional Director, Scotiatrust - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 192252

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

The Regional Director Scotiatrust is responsible for the development and achievement of the region's overall growth strategy, profit plan, and sales goals through the profitable delivery of superior client service and high-quality solutions to Scotiatrust's high net worth clients, in accordance with client expectations and in compliance with policies and procedures.

The incumbent is responsible for leading and coaching a team to ensure they have the skills and knowledge to provide the full range of Scotiatrust services and solutions.

The incumbent also maintains a close, collaborative working relationship with other Scotia Wealth Management, Wealth Management Client Solutions and Scotiabank business heads in the region with a focus on deepening and broadening Scotiabank client relationships.

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

Develops and executes strategic business plans by:
Negotiating and executing the region's overall growth strategy, profit plan, and sales goals;
Providing direction and support to direct reports for resolution of complex client issues in a timely manner;
Developing a visible community profile for Scotia Wealth Management and Scotiatrust;
Developing and maintaining an external COI network for external business referrals;
Serving as the primary leadership contact for the region, establishing close working relationships with other Scotia Wealth Management and Scotiabank partners to create business line awareness and generate internal referrals; and
Broadening and deepening client relationships by bringing together the expertise and resources of Scotia Wealth Management to deliver the full range of Scotia Wealth Management solutions to clients.
Leads the sales/service management strategy by:
Leading, coaching and motivating the team to exceed profit plan and sales objectives and recognizing/rewarding sales/service excellence;
Actively managing performance of direct reports against sales goals/business plans;
Providing effective and timely training and performance management;
Collaborating with Market Leads to designate primary relationship managers assignments;
Developing a broad knowledge base to ensure all client facing team members have skills necessary to promote the full suite of Wealth products and services;
Championing and facilitating the sharing of best practices to enhance client and relationship manager experiences (e.g. strategy & business development campaigns); and
Managing the overall quality and timeliness of client service in compliance with corporate policies and procedures, the operation document(s), legislation, and court precedent.
Leads the risk management strategy for the region by:
Identifying and managing problem accounts early to minimize potential losses;
Ensuring effective management controls are in place;
Providing leadership and technical expertise to the Regional Discretionary Powers Committee;
Maintaining a high degree of working knowledge of regulatory and legislative requirements in all jurisdictions within assigned region;
Providing direction and support for unit audits and ensuring timely responses to any audit findings and sustainment of corrective activities;
Ensuring the region complies with all regulatory and compliance requirements, including Privacy, Anti-Money Laundering/Anti-Terrorist Financing, FATCA, QI, Know Your Client, CASL, etc.
Ensuring strict adherence to Bank security procedures, including assigned authorities and limits;
Reporting unusual or suspicious transactions in accordance with policies and escalating to Scotiatrust Executive Offices as required; and
Escalating fraudulent activities, unusual occurrences, issues/deficiencies/trends to the Managing Director & Head, Scotiatrust as applicable.
Oversees compliance management for the region by:
Maintaining oversight of local supervisory functions and compliance requirements;
Partnering with Compliance to create and maintain regulatory policies and procedures including assigned authorities and limits; and
Overseeing the implementation and execution of regulatory changes.
Ensures operational effectiveness for the region by:
Managing the regional profit plan (e.g. revenue planning, expenditures, etc.) and ongoing P&L performance;
Supporting client experience issues and the formal complaints process;
Executing the Scotiatrust recruitment strategy for staff within the region by attracting and retaining top talent, including maintaining a network of competitor contacts and potential recruits to fill a recruitment pipeline, managing the interview and hiring process, and coordinating the onboarding of new employees with the local market;
Maintaining a succession plan including input into the Bank's Leadership Resource Planning;
Completing annual complement plan, mon