Manager, Compliance Testing

Manager, Compliance Testing

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

Contributes to the overall success of the GBM&T Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies and procedures. The primary responsibility of this position is to support compliance testing for Scotiabank's U.S. operations. The U.S. Compliance Testing Program covers U.S. regulations applicable to all of Scotiabank's U.S. broker-dealer (including internal inspections), banking, swap dealer, futures commission merchant, investment management activities, corporate functions, cross-border testing engagements and other financial services activities. Members of the testing team may be assigned to conduct testing with respect to these business activities.

What You'll Do

Compliance Testing Officer

• Support Compliance Testing Program in conducting reviews based upon the regulatory requirements, processes, policies, procedures to assess controls within the first and second lines of defense.
• Understand the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.
• Assist team in responding to regulatory inquiries, initiatives, audits and examinations.
• Support reviews through the planning / scoping, fieldwork and reporting phases.
• Escalate potential issues and exception items noted during the review process to senior management.
• Ensure that the stakeholders respond with appropriate action to address all draft recommendations and deficiencies noted during the fieldwork process.
• Perform required administrative responsibilities in support of testing, including but not limited to : preparing and entering all issues and observations into central repository, prepare and distribute testing reports to senior management detailing review findings and recommendations, prepare workpapers documenting testing with enough detail that a third party can reasonably understand.
• Provide assistance with the Team's collective issues management and validation testing efforts.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Building and managing relationships with stakeholders across the business and peers within compliance.

What You'll Bring

A minimum of 5 years of compliance, audit or regulatory exam support experience with at least 3 of which should involve compliance testing or audit. Experience / background in compliance applicable to broker-dealer internal inspections, institutional trading & sales, investment banking, futures commission merchant, swap dealer activities, commercial banking, investment management, and corporate functions within investment or commercial bank or institutional broker-dealer is preferred. Familiarity with applicable SEC, FINRA, CFTC, NFA, Federal Reserve and state banking rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S. Strong attention to detail. Ability to communicate well across all levels of an organization. Strong ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines. Strong written and verbal communication skills. Ability to work independently. Excellent teamwork, interpersonal and conflict resolution skills. Highly organized and capable of dealing with complex projects. BA or international equivalent.

Interested? If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

Scotiabank wants you to be able to bring your best self to work and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.