Compliance Officer, Scotia Securities Inc.

Requisition ID: 248991

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) / Global Compliance GWM in Canada ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations internal policies and procedures. Participates in a team supporting 2nd line compliance oversight and investigations in ensuring:

• SSI its branches and its registered representatives comply with Regulations. Regulations refers to laws (including AML legislation) rules regulations and policies and SRO codes of conduct policies rules and by-laws which govern the business and mutual fund dealer activities of SSI in Canada.

• Tangerine Investment Funds Limited (TIFL) its registered representatives comply with Regulations. Regulations refers to laws (including AML legislation) rules regulations and policies and SRO codes of conduct policies rules and by-laws which govern the business and mutual fund dealer activities of SSI in Canada.

• Adherence to SSI BNS and TIFL policies procedures and controls established for branches and other units in support of SSI mutual fund activities including KYC requirements.

• Adherence to the Scotiabank Guidelines for Business Conduct and to industry standards adopted by SSI.

Ensures the Global Wealth Business line is compliant with legal and regulatory requirements and adherence to internal policies and procedures and supports:

• Branch Compliance Officers (BCOs) with respect to their supervision of the selling and related activities in respect of mutual funds distributed by SSI and for periodic reporting.

• SSI Supervision Team and TIFL Head Office with respect to their review of related activities in respect of mutual funds distributed by SSI and TIFL.

• MFRs and non-registered staff with respect to the sales and other activities in respect of mutual funds distributed by SSI and TIFL.

• Mutual fund sales activity conducted via branches and other delivery channels (daily or periodic).

Is this role right for you In this role you will:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.

• Conductdaily and periodic Head Office reviews as mandated by regulators and per SSI policies to selectively 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 client mutual fund trade activities utilizing exception reports with a focus on unusual/irregular activity and on additional reviews that cannot be carried out at the branch level such as excessive activity and other reports as required.

• Conduct the quarterly review of customer statements/account activity as mandated by the Canadian Investment Regulatory Organization (CIRO) (formerly MFDA and IIROC).

• CompleteHead Office supervision and review reports in a timely manner as required for account supervision daily review and client statement reviews.

• Submit monthly or other reports based on monitoring as directed by the Senior Manager of Compliance or the Chief Compliance Officer.

• Reportany unusual activity if there is any suspicion per AML policy of money laundering.

• Assistin the control evaluation and respondto 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 staffing or training which could lead to non-compliance.

• Recommendand monitoraction plans to correct incidents of non-compliance (and prevent their reoccurrence).

• Adviseoversees and trains branch staff on compliance procedures regarding approvals for POAs leveraged trades and unusual requests.

• Appriseand advisemanagement regarding unusual requests or questions from the branches.

• Maintainup-to-date knowledge of applicable national and local Regulations through participation in industry associations and seminars reviews of Provincial Securities Commission CIRO AMF (Quebec) and other industry publications. Attention to regulatory requirements such as CIRO Policies 2 5 and 6 Anti-Money Laundering/Anti-Terrorist Financing and Privacy Regulations and other regulatory matters to perform case investigations.

• Executeagreed upon procedures for specific of a low to moderate complexity and/or confidential nature.

• Provide mentoring coaching and feedback regarding recommendations and best practices for enterprise investigations as appropriate.

• Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursue effective and efficient operations of respective areas in accordance with Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational compliance AML/ATF/sanctions and conduct risk.

• Champion a high-performance environment and contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:

• University Degree (preferably in business or accounting) and or related work experience as a PIM or Compliance Officer.

• Qualified to be registered or already registered to sell mutual funds and is expected to have completed the Branch Compliance Officers Course.

• Good knowledge of securities regulations applicable to the sale and distribution of mutual funds including National Instruments for Mutual Fund Rules and Sales Practices CIRO Policies and Regulations IFIC Codes of Conduct and Practices and other regulations as may be implemented from time to time.

• Knowledge of SSI TIFL and Bank policies procedures and manuals for the sale and distribution of mutual funds through the Banks branches and alternate channels would be an asset.

• Ability to evaluate risk to identify control weaknesses to recommend actions to follow-up and to report on non-compliance effectively.

• Ability to multi-task and where required provide additional resourcing assistance on review engagements outside of Head Office or SSI.

• Ability to work efficiently and effectively in a fast-paced team environment are essential. Strong presentation and effective communication skills both oral and written are required

Whats in it for you

• An inclusive & collaborative working environment that encourages creativity curiosity and celebrates success!
• We offer a competitive rewards package: Performance bonus Employee Share Ownership Program and Pension Plan Matching Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.