Compliance Officer, Asset Management Compliance
Compliance Officer, Asset Management Compliance
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Job Description
Requisition ID: 235234
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Purpose
The Compliance Officer is responsible for supporting the Investment Counsel (PIC) division of 1832 Asset Management L.P. and other various business units and entities within Scotiabanks Asset Management divisions within Canada by providing compliance monitoring direction and advice.
Accountabilities
- Policy Development & Compliance Administration: Assist Compliance Manager in the creation review and maintenance of compliance policies procedures and reference materials to ensure adherence to regulatory standards. Support the implementation of new policies ensuring they align with business objectives while meeting compliance obligations. Maintain a structured record of compliance policies and ensure timely updates in response to regulatory changes.
- Regulatory Advisory & Business Support: Provide guidance and interpretation on regulatory rules controls policy exceptions and compliance inquiries from business units. Act as a key resource for compliance-related issues ensuring consistent application of policies across Private Investment Counsel operations. Collaborate with teams to ensure compliance efforts align with strategic business goals.
- Risk Identification & Investigations: Identify potential actual or perceived compliance risks ensuring early intervention. Conduct inquiries and investigations into compliance concerns documenting findings and recommending risk mitigation strategies. Work proactively to implement corrective measures and prevent regulatory breaches.
- Oversight Reporting & Branch Monitoring: Develop review and maintain branch oversight reporting ensuring alignment with regulatory requirements. Monitor compliance activities and escalate key findings to the Compliance Manager and Senior Manager. Conduct periodic testing and assessments to validate internal compliance controls and identify process improvements.
- Handling Complex Compliance Cases & Escalation: Evaluate business requests related to Powers of Attorney Seniors & Vulnerable clients Estate disbursements and assess compliance implications. Exercise sound judgment in moderately complex decisions and escalate more intricate cases to leadership. Ensure high-risk matters are addressed promptly and appropriately.
- Industry Knowledge & Best Practices: Stay informed on compliance regulations industry developments and emerging best practices in Private Investment Counsel. Participate in ongoing learning and training to enhance expertise in regulatory frameworks and compliance trends.
- Stakeholder Coordination & Communication: Collaborate with business units compliance colleagues and senior management to ensure seamless compliance operations. Support internal teams in compliance-related discussions process enhancements and regulatory interpretations. Strengthen relationships with key stakeholders acting as a trusted compliance advisor.
- Process Improvement & Efficiency Enhancements: Identify areas for efficiency improvements within compliance processes ensuring effectiveness while minimizing risk. Support testing initiatives to enhance workflow reporting accuracy and policy implementation. Participate in compliance-related projects including cross-training and backup support for colleagues.
Education/Experience
- Post-secondary education in a related discipline (business/economics/finance/mathematics) required enrollment in the CFA program or Risk Management Designation is an asset.
- Two (2) or more years of directly relevant investment industry compliance or related experience (e.g. trading operations sales audit).
- Experience working in a compliance function at a portfolio management or investment management firm
- Successful completion of industry related courses such as the Canadian Securities Course Conduct and Practices Handbook or Traders Training Course preferred
- Knowledge and understanding of the securities industry applicable Securities Acts SRO Rules and relevant regulations.
- Knowledge and understanding of financial advisory services policy writing procedures and compliance processes.
- Pivot Tables VLOOKUPs & Advanced Formulas Strong Excel proficiency for report generation and data analysis.
- Data Cleaning & Transformation with Large Datasets Ability to structure and refine compliance data to ensure accuracy.
- Macros & VBA (Optional but Beneficial) Basic understanding of automation in reporting workflows.
- SQL or Relational Database Management Systems Experience with database query structures to support compliance reporting.
- Capable of simultaneously handling multiple tasks and meeting stringent deadlines while maintaining attention to detail.
- Fluent verbal and written communication skills.
- Strong analytical and investigative skills; demonstrated ability to operate at a strategic level; sound judgment in identifying risks in order to proactively escalate with relevant senior management.
- Familiarity with Crystal Reports Charles River SAM Mpower Prod Broadridge preferred
Location(s): Canada : Ontario : Toronto
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
