SSI Supervision Specialist (225074)
SSI Supervision Specialist (225074)
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Job Description
Requisition ID: 225074
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Purpose
Contributes to the overall success of the Scotia Securities Inc. (SSI) Business Controls & Supervision department in Canada ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. As a licensed Branch Compliance Officer (BCO) the SSI Supervision Specialist ensures all activities conducted are in compliance with governing regulations internal policies and procedures.
Is this role right for you In this role you will:
Accountabilities
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
- Monitoring:
- Conduct daily reviews as per SSI Branch Compliance Officer (BCO) policies to monitor compliance with KYC suitability and other rules respecting sales practices by reviewing applications and order forms for suitability and completeness and reviewing other supporting documentation identification and reviewing trades processed for conformity with customer investment objectives.
- Monitor customer mutual fund trade activities utilizing exceptions reports with a focus on unusual/irregular activity and additional reviews such as excessive activity and other reports as required.
- Follow-up on issues and ensure deficiencies are communicated effectively to the Registered Representatives/BCOs.
- Assist in the control evaluation and response to: o Any serious irregular activity such as fraud kiting money laundering or serious incidence of non-compliance.
- Negative trends and any known or perceived weaknesses in policies practices procedures systems or training which could lead to non-compliance
- Provide support and guidance regarding the SSI Tier 1 review to mutual funds representatives within the distribution channels of Scotia Securities Inc.
- Recommend and monitor action plans to correct: o Incidents of non-compliance (and prevent their reoccurrence) o Weaknesses in policies practices procedures systems and/or training.
- Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
- 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.
Do you have the skills that will enable you to succeed in this role Wed love to work with you if you have:
- Must be eligible to be licensed to sell mutual funds in Canada
- Must have an Undergraduate University Degree (preferably in business or accounting) &/or related work experience
- Must satisfy all Compliance expectations for the role including completion of the CIRO Branch Compliance Officer (BCO) course
- Thorough knowledge of Branch Compliance Officer responsibilities processes and guidelines
- Knowledge of SSI and Bank policies procedures and manuals for the sale and distribution of mutual funds through the Banks branches
- The ability to evaluate risk to identify control weaknesses to recommend actions to follow-up and to report on non-compliance effectively.
- Initiative and the ability to work efficiently and effectively in a fast-paced team environment
- Effective communication skills both verbal and written are required.
- Strong organization and time management skills
- Working knowledge of Microsoft applications (including Word Excel and Power Point) and familiarity with the Internet.
Whats in it for you
- We are big proponents of life-work integration and provide the flexibility and tools to achieve such.
- We believe an inclusive and diverse work environment makes for happy and productive employees.
- We recognize the importance of well-being and offer programs and benefits to support and sustain the mental and physical health of our employees and their families.
Pursuant to a language needs assessment conducted by Scotiabank the successful candidate will be required to be able to communicate in English and Frenchas they will be required to work closely with other groups from head office who operate primarily in English and they will serve and English-speaking clientele.
Location(s): Canada : Quebec : Montreal
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.
Required Experience:
Unclear Seniority
Employment Type
Full Time
