Senior Compliance Officer, Trade Surveillance (OTC)

Requisition ID: 237949

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

Purpose
The objective of the Senior Compliance Officer (SCO) is to directly conduct capital markets trading relatedsurveillance monitoring and support for the Global Banking and Markets & Treasury (GBM&T) business divisionof Scotiabank. The SCO is responsible for carrying out Tier 2 compliance activities for assigned internal businessgroups in accordance with regulatory requirements in particular those established by securities regulations andSelf Regulatory Organizations as well as internal policies and procedures.

Accountabilities
Champion a customer focused culture to deepen client relationships and leverage broader Bankrelationships systems and knowledge.
Conduct reviews of alerts (not same day) generated by automated surveillance systems focused uponOTC product trading by traders sales staff and clients. Some manual reviews on this sector may also berequired.
Generate reporting for trade surveillance activities relating to specific GBM&T business lines businessdivisions of Scotia Capital Inc (SCI) and/or defined products as defined in the Procedures.
Act as a resource for the team by supporting the Trade Surveillance department Senior Manager(s) andassisting Compliance Officers and other Senior Compliance Officers in the execution of their duties. Actas Subject matter expert for issues involving business divisions Operations Finance and any otherexternal group as required.
Act independently conduct research and perform analyses in support of regulatory or marketplaceinquiries investigations and/or examinations; including internal matters escalated to Trade solutions and actions to resolve outstanding issues. Escalate matters requiring furtherinvestigation or specialist assistance.
Develop and deliver annual periodic and ad hoc compliance training for team members based uponparticular expertise. This may on occasion extend to external stakeholders.
Supports effectiveness testing of business supervision related processes and controls includingidentification of gaps in the existing trade surveillance processes.
Assist in the development and enhancement of policies procedures and processes of the surveillanceprogram. Assist other team members in continually evaluating compliance procedures and in draftingand updating procedures. Provide back-up support within the team and work on other projects asassigned.
Understand how the Banks risk appetite and risk culture should be considered in day-to-day activitiesand decisions.
Actively pursues effective and efficient operations of his/her respective areas. Ensure adherence to day-to-day business controls to best meet obligations with respect to operational risk regulatory compliancerisk 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 GlobalHandbook and the Guidelines for Business Conduct.
Actively participate in skills and product knowledge development through a variety of learning and trainingfunctions. This is an ongoing requirement to this developing area of Surveillance
Teamwork is essential for the adjudication and resolution of a variety of products and source system teamwork skills are essential

Education/Experience

Advanced understanding of any or all of fixed income FX Commodity equities and/or derivatives trading (Listed and Over-The-Counter derivatives) including hedging and other sophisticated trading strategies
Post-Secondary education and/or professional designations
Canadian Securities Course Conduct and Practices Handbook Course and/or the Trader Training Course
Minimum of 5 to 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
Excellent oral and written communication skills

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.