Senior Manager, U.S. Regulatory Obligations Lead

Requisition ID: 247598

Salary Range:-

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.

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

Global Banking and Markets

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. Scotiabanks 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. Our products include debt and equity financing mergers & acquisitions corporate banking institutional equity sales trading and research fixed income products derivatives energy foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

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

The objective of this position is to ensure that the U.S. operations of The Bank of Nova Scotia Scotia Capital (USA) Inc. and their affiliates (collectively the Bank) have appropriate internal controls (i.e. policies procedures processes) in place to satisfy applicable U.S. legal and regulatory requirements/obligations. The Senior Manager U.S. Regulatory Obligations and Controls Lead in (i) the development of the U.S. Compliance Departments processes for tracking legal and regulatory developments across various US financial services regulatory regimes including Federal and State banking commodity securities and investment management laws regulations and interpretations (ii) working closely with the relevant compliance advisory team(s) to update the departments inventory of obligations and controls (iii) developing and maintaining an electronic database that will house regulatory obligations and risk-related controls (iv) driving the regulatory change management function by assisting front middle and back office functions in developing and maintaining appropriate regulatory risk-related controls and (v) performing quality reviews of the processes within the U.S. Regulatory Controls Management team.

What Youll Do

• Assist in the development and implementation of a global cross-divisional framework for identifying and tracking legal & regulatory requirements/obligations policies and procedures and related internal controls.
• Assist in the maintenance of the Regulatory Library that houses all regulatory requirements/obligations and risk-related controls applicable to the Banks US operations. Facilitate periodic review and attestation of subject matter experts relative to the Regulatory Library content.
• Assist in developing and maintaining robust and comprehensive processes and procedure documents for (i) identifying legal and regulatory requirements/obligations applicable to the Banks US operations and (ii) tracking changes to such requirements/obligations policies and procedures and related internal controls arising from new or amended laws/regulations or changes in business activities.
• Assist in the independent second line quality review processes geared towards a comprehensive regulatory library encompassing timely and accurate updates from the regulatory change management processes.
• Interface with the Enterprise Team to develop processes and systems to map applicable legal & regulatory requirements/obligations to relevant policies and procedures and internal controls in accordance with U.S. regulatory expectations and business/control function needs.
• Assist in integrating the Regulatory Library with the risk assessment process including the logic reports and workflow as well as act as the liaison for the business line stakeholders to facilitate compliance review of control inventory.
• Assist in developing comprehensive regulatory change management framework for identifying legal and regulatory developments and changes to related policies and procedures and internal controls that may impact the Firms US operations and coordinating change management processes to address such developments.
• Maintain strong relationships with key stakeholders including Compliance Advisory Internal Audit Operational Risk and the relevant business areas to ensure their inputs are obtained in the risk assessment process.
• Maintain an awareness of and monitor the regulatory environment for new and emerging legislation policy statements relevant trends and industry best practices and determine how they impact related controls.
• Other duties and projects as may be assigned.

What Youll Bring

• A minimum of seven years of compliance experience preferably with a major international banking organization with institutional trading & sales investment banking institutional broker dealer and FCM/swap dealer businesses.
• A minimum of five years of experience establishing and maintaining appropriate standards for regulatory risk related policies & procedures and related internal controls within the financial services industry.
• A good understanding of applicable Federal and State laws applicable to non-US banks operating in the US SEC registered broker-dealers futures commission merchants swap dealers and registered investment advisors.
• Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
• Ability to work independently and effectively with senior management.
• Sound judgment in identifying risks in order to proactively escalate with relevant senior management.
• Outstanding written (drafting & editing) and spoken communication abilities.
• Excellent teamwork interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with multiple complex projects simultaneously and independently.
• High Degree of proficiency with MS Excel and PowerPoint.
• BA or international equivalent required. JD or MBA preferred.

#Dallas

Location(s): United States : Texas : Dallas

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status or any other characteristic protected by federal state or local law.