Senior Manager, Compliance Testing Swap Dealer and Derivatives

Requisition ID: 253472

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

Contributes to the overall success of GBM&T Compliance Testing team and Swap Dealer and Derivatives Compliance ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives. Ensures all activities conducted in compliance with governing regulations internal policies and procedures.

The primary responsibility of this position is to support compliance testing for Scotiabanks compliance of CFTC Swap Dealer SEC Security Based Swap Dealer and Futures related regulations including cross-border testing engagements covering swaps and futures activities. Members of the testing team will be assigned to conduct testing with respect to these business activities.

What Youll Do

Scope and execute compliance testing in order to assess compliance with legal regulatory and internal firm policy requirements.
Focus on the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.
Escalate potential issues and exception items noted during the review process to senior management.
Ensure that the stakeholders respond with appropriate action to address all draft recommendations and deficiencies noted during the fieldwork process.
Perform required administrative responsibilities in support of testing including but not limited to:
- Preparing and entering all issues and observations into central repository
- Prepare and distribute testing reports to senior management detailing review findings and recommendations.
- Prepare Workpapers documenting testing
Assist with the Teams collective issues management and validation testing efforts.
Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
Maintain a customer focused culture to deepen client relationships and leverage broader relationships systems and knowledge.
Lead and manage designated GBM&T Compliance Testing Officers and be the initial point-of-contact for the execution of corresponding swap dealer testing engagements.
Direct day-to-day activities in a manner consistent with the BNSs risk culture and the relevant risk appetite statement and limits.
Review and provide feedback on materials created by Compliance Testing Officers throughout all stages of testing engagements before the final draft supporting materials and testing report get submitted to the Head of GBM&T Compliance Testing Director of Swap Dealer and Derivatives Compliance Operations & Swap Dealer CCO.
Build or perpetuate a high performance environment and implement a people strategy that attracts retains develops and motivates their team by fostering an inclusive work environment.
Work with Swap Dealer Compliance Advisory Team to perform Swap Dealer Compliance Testing in coordination with GBM&T Compliance Testing. Assist in creating the Swap Dealer & Derivatives Annual Plan to verify appropriate testing is included in the GBM&T Global Compliance Testing Plan.

Align targeted testing approach to key controls associated with obligations within the regulatory library.
Enhance the testing strategies across the Global platform by improving testing methodology governance documentation and procedures across the Global platform including testing template frameworks to create a more diverse and efficient testing and reporting experience.

What Youll Bring

5-7 years of compliance audit or regulatory exam support at least 3 of which should involve testing or audit.
Experience/background in compliance applicable to institutional trading & sales investment banking futures commission merchant swap dealer activities commercial banking investment management and corporate functions within investment or commercial bank.
Familiarity with applicable SEC CFTC NFA rules applicable to international banks conducting institutional trading & sales investment banking investment management and commercial banking in the U.S.
Strong analytical and investigative skills.
Solid ability to quickly review assimilate prioritize and escalate issues to appropriate stakeholders.
Solid ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
Strong written and spoken communication abilities.
Excellent teamwork interpersonal and conflict resolution skills.
Highly organized and capable of dealing with complex projects.
BA or international equivalent.
Ability to speak read and write in Spanish a plus.
Experience/background in managing a team of compliance testers with diverse skill sets.
Experience managing remote teams in a virtual environment a plus.

#Dallas

#GBM

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.