Title:  Director, Head of U.S. Control Room, Global Banking & Markets

Requisition ID: 238966

 Salary Range: 180,000.00 - 301,500.00 

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 candidate’s 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. Scotiabank’s 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

Leads and oversees the US Control Room in ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

What You'll Do

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Plays a key role in overseeing the day-to-day administration of compliance programs that relate to information barriers (which includes maintaining watch, restricted and tracking lists, facilitating wall crossings and managing business conflicts), supporting research, responding to regulatory requests, and securities aggregation (including proprietary trade pre-clearance).
• Performs a quality assurance function of Control Room tasks.  Reviews will include the execution, accuracy and effectiveness of the daily additions and deletions of list entries, daily reviews including the user to list reviews, and any other tasks which requires oversight.  
• Assesses and incorporates new technology for the Global Control Room processes, including liaising with internal development teams. Assists with incorporating
• Scotiabank’s digital transformation initiatives into Control Room program delivery, with a focus on increasing efficiency and effectiveness.
• Review issues escalated by the team as a result of their monitoring functions to identify key risk indicators and assess and test the adequacy of controls, identify non-compliance with compliance programs and make recommendations for and implement appropriate corrective action or process improvements.
• Leads and/or participates in the development of internal policies and procedures to enhance the effectiveness of program delivery and reflect changes in regulatory requirements, or to address new business initiatives.
• Acts as a subject matter expert and fields questions from employees (both in the Global Control Room and in the Business) on issues of interpretation with respect to the policies administered by the Global Control Room (for example, by assisting in determining the materiality of a transaction or whether a research or trading restriction should be imposed). Makes policy decisions within the strategic framework set by the Director. Maintains strong contacts to stay informed about current issues and practices within the industry.
• Works in close partnership with other groups at Scotiabank, including Global Investment Banking and Corporate Banking, Global Equity Research, Legal and the broader Compliance team.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s 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.
• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

What You’ll Bring 

• In-depth knowledge of regulatory and compliance requirements and issues in the Global Banking and Markets business lines and the securities industry
• Good understanding of FRB, SEC, NYSE, FINRA rules and risk management frameworks.  
• Minimum of 10 years of related experience at a major financial institution
• Demonstrated ability to manage and mentor staff
• Knowledge of industry practices regarding institutional compliance matters
• Effective communication skills both oral and written
• Demonstrated sense of urgency to meet deadlines and achieving goals
• BA or international equivalent required. Juris Doctor preferred.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

#Dallas

Location(s):  United States : New York : New York City || 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.