Requisition ID: 90386
Join the Global Community of Scotiabankers to help customers become better off.
The objective of the Senior Compliance Officer (SCO) is to directly conduct capital markets trading related surveillance, monitoring and support for the Global Banking and Markets & Treasury (“GBM&T”) business division of Scotiabank. The Senior Compliance Officer (“SCO”) is responsible for carrying out certain Tier 2 compliance activities for assigned internal business groups in accordance with regulatory requirements (in particular those established by securities regulations and Self-Regulatory Organizations as well as internal policies and procedures.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Conduct post-trade market related surveillance to address alerts (analyze and address alerts using the Trading Hub and other surveillance applications); identify and investigate any potential exchange / marketplace and regulatory rule violations by clients and/or traders.
Generates reporting of trade surveillance activities for specific GBM&T business lines, business divisions of Scotia Capital Inc (“SCI”) and/or products, as required for delivery to business division senior management, supervisors and senior management within Global Compliance in a timely manner and without delay.
Acts independently, conducting research and performing analyses on regulatory or marketplace inquiries, investigations and/or examinations; including internal matters escalated to Trade Surveillance to recommend solutions and actions to take; based on exercising good judgment on moderately complex decisions falling within standard policies and to escalate matters beyond existing policies.
Develops and delivers annual, periodic and ad hoc compliance and related risk management training, education and awareness initiatives to the appropriate internal stakeholders and business divisions.
Supports effectiveness testing of business supervision related processes and controls, including identification of gaps in the existing trade surveillance processes.
Assist in the development and enhancement of procedures and processes of the surveillance program
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Assist and provide guidance when responding to regulatory and internal audit inquiries, which includes gathering documents and/or data extracts
Assist in conducting effectiveness testing of supervision related processes and controls
Assist other team members, provide back-up support and guidance within the team and other projects as assigned.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the 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 Guidelines for Business Conduct.
Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
Education / Experience
Sound understanding of retail and institutional FX, Fixed Income, and/or derivatives trading (Listed and Over-The-Counter derivatives), including knowledge of hedging and other trading strategies.
Post-Secondary education and/or professional designations.
Securities licenses, Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course or equivalent preferred but not required.
Minimum of 5-7 years of related experience at a financial institution and/or regulated securities dealer.
Able to work independently and with other staff across functional lines within the Bank.
In-depth knowledge of regulatory and compliance requirements.
Identify external market activity, news and additional factors that may influence trading activities.
A comprehensive understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and Universal Market Integrity Rules, Montreal Exchange Rules, Financial Industry Regulatory Authority (FINRA) rules, as well as a sound understanding of Canadian provincial securities legislation applicable to trading activities and capital markets, Dodd-Frank Act, Volcker Rule and MiFID II or MAR.
Proficiency in advanced excel macros, custom coding and desktop tool building capabilities.
Fluent oral and written communication skills.
Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
Sound judgment in identifying risks in order to proactively escalate with relevant senior management.
Location(s): Canada : Ontario : Toronto
As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.
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.