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Chief Information Officer (CIO) Europe and APAC

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Scotiabank

Nov 6

Applications are closed

  • Job
    Full-time
    Expert Level
  • IT & Cybersecurity
    Business, Operations & Strategy
  • London

Requirements

  • Bachelor’s Degree in a related field required.
  • 6-12 Direct Reports. Oversees team of up to 250 staff.
  • Financial markets experience preferred.
  • Experience working with European, APAC and/or Canadian regulatory compliance environments preferred.
  • Experience with the following regulatory agencies preferred, including but not limited to:
  • Asia Pacific Agencies; Malaysia – Bank Negara Malaysia; Singapore - Monetary Authority of Singapore (MAS); Korea - Federal Government; Financial Supervisory Services (FSS) / Financial Services Commission (FSC); Japan - Financial Services Agency; India – Reserve Bank of India; Hong Kong – Hong Kong Monetary Authority; China - China Banking Regulatory Commission; Australia - Australian Prudential Regulation Authority (ARPA)
  • European Agencies: UK - Financial Conduct Authority; Ireland - Central Bank of Ireland; Basel Committee on Banking Supervision

Responsibilities

  • Partner with the Business leaders in the regions and develop the IT strategy that enables the Business growth, leveraging where possible our global frameworks, solutions and services.
  • Champion our customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Ensuring the local business and IT requirements are included in any strategic global solution.
  • Chair the Regional Technology Oversight Committee and ensure appropriate matters are escalated to relevant boards and committees
  • Be the focal point for all technology-related Europe & APAC regulatory initiatives.
  • Responsibility for the operational stability of technology in Europe & APAC. This includes day-to-day operation, application support (in conjunction with business line IT staff), personnel moves, IT Services such as desktop & data centres support, Operational Resilience, Application BCP readiness and execution, regulatory compliance, and management reporting
  • Aligned to Information Technology & Solution (IT&S) and Global Banking and Markets Engineering (GBME) strategy and department goals, direct the development, approval and execution of strategic plans, policies and standards surrounding systems development, business analysis, project management, project implementation and production application support for GBM in Europe and APAC.
  • Direct the management of the Project Management and Business Analysis function, which involves planning and scheduling resources, defining business requirements and systems processes, developing business case proposals, securing user and management approval, developing testing, conversion and implementation strategies, budgeting and cost tracking, ensuring solutions implemented meet user requirements, provide user training, and providing on-going user support. The incumbent is also required to directly manage multidisciplinary, complex, mission critical projects
  • Direct the management of the group by ensuring that cost effective application systems are being developed to meet the business line objectives by analyzing user requirements; providing detailed technical designs: investigating and recommending new technology; developing and delivering prototypes using rapid application development methodology according to departmental standards. The incumbent is required to ensure all applications developed have a high degree of integrity, reliability and availability to meet the user requirements. Additionally, ensure that local business technology priorities are being met, by liaising with the various business users, MET staff and enterprise technology groups.
  • Direct the local support functions including Trading Floor application support, infrastructure and desktop support, functional and technical support to middle and back office. This support processes will be robust and auditable and, where possible, conform to global MET standards.
  • Understand and adhere to Europe & APAC Regulations, understanding how they are addressed in our global and local policies, standards, processes and key controls. Identify and address any gaps.
  • Direct the regional 1B function, as applicable regions, to ensure the 1st line of defense is focused on the effectiveness of all IT key controls and leverage a risk-based approach to prioritize improvements.
  • Support the regional business in overseeing and addressing any key IT Risk or Cyber – Information Security risk and concerns within their business
  • Design and build an effective operating model to satisfy the local regional needs, while creating economies of scale and favorable lower-cost resource rates to maximize efficiency & effectiveness of all IT services.
  • Establish the necessary global relationships to ensure the success of the regional CIO role.
  • Manage local technology capability to satisfy GBM’s needs by building Europe Technology teams and leveraging enterprise technology functions.
  • Run IT as a business, focused on performance metrics, KPI’s and KRI’s. Operate within a controlled budget, while maximizing the value of every dollar spent.
  • Establish relationships with the Global Trading business to enable Technology to define a strategy to deliver against the Business strategy. Leverage the global resource pool to deliver in the most cost-effective way.
  • Partner with the Data Governance Office (DGO) to ensure data standards are developed for all global source systems feeding Customer Data or Transactional Data for monitoring or screening.
  • Manage the analysis, data, and follow-through on risks identified through Risk Assessments, Compliance Testing results, internal and external audits, regulatory findings, and management control assessments. Develop and monitor action plans to address the global or local technology risks identified.

FAQs

What is the main responsibility of the Chief Information Officer (CIO) for Europe and APAC?

The main responsibility of the CIO for Europe and APAC is to oversee regional technology for Scotiabank offices, including managing local technology teams and ensuring IT readiness for regulatory compliance, operational resilience, and service management.

How many direct reports does the CIO position have?

The CIO position has 6-12 direct reports and oversees a team of up to 250 staff.

What type of experience is preferred for the CIO role?

Financial markets experience is preferred, along with familiarity working with European, APAC, and/or Canadian regulatory compliance environments.

Which regulatory agencies should candidates be familiar with for this role?

Candidates should be familiar with regulatory agencies such as Bank Negara Malaysia, Monetary Authority of Singapore (MAS), Financial Supervisory Services (FSS), Financial Services Agency of Japan, Reserve Bank of India, Hong Kong Monetary Authority, China Banking Regulatory Commission, Australian Prudential Regulation Authority (APRA), Financial Conduct Authority in the UK, Central Bank of Ireland, and the Basel Committee on Banking Supervision.

Where is the location for this position?

The location for this position is Greater London, London (UK).

What qualifications are required for the CIO position?

A Bachelor’s Degree in a related field is required for the CIO position.

What kind of projects will the CIO oversee?

The CIO will oversee multiple, major, multidisciplinary, and mission-critical projects to implement technology solutions that satisfy business needs.

Is the CIO responsible for data management as well?

Yes, as a Data Custodian, the CIO is responsible for overseeing technology-focused roles supporting each domain and ensuring compliance with the Bank’s Enterprise Data Management Policy Framework.

What is the purpose of the Regional Technology Oversight Committee?

The Regional Technology Oversight Committee is chaired by the CIO to ensure appropriate technology-related matters are escalated to relevant boards and committees.

Are accommodations available during the recruitment process?

Yes, Scotiabank provides accommodations during the recruitment process for individuals who require them.

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Scotiabank

Finance
Industry
10,001+
Employees

Mission & Purpose

Welcome to Scotiabank. We serve thousands of customers, families, and communities across the globe, helping them achieve success through advice, products, and services. Follow for news, insights, thought leadership and more.

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