Title:  Compliance Manager (12 months contract)

Purpose

Contributes to the overall success of the Compliance Department of BNS China - Guangzhou / Business Area in APAC Region ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Manager, Compliance, BNS China - Guangzhou Branch, will provide day to day operational leadership and oversight of the Compliance Programs in Guangzhou Branch. In discharging these responsibilities, the Manager, Compliance, BNS China - Guangzhou Branch, will assist the Bank's management and line staff to understand and address laws and regulations applicable to the Bank's businesses in China and ensure that the business' strategies, plans and initiatives are properly and adequately supported by Compliance.

The Manager, Compliance, BNS China- Guangzhou Branch is also responsible for providing support to Branch Management in managing the Bank's overall Compliance Program for PRC, ensuring Guangzhou Branch, and any units within the designated compliance network are operating within the regulatory framework applicable to their business activities and practices. The incumbent is also responsible for educating and advising members of the Guangzhou Branch on compliance matters and following up any compliance issues for timely resolution.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of the China compliance program while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Compliance Management Framework, AML/ATF related policies and the Scotiabank Code of Conduct.
• Assist Head of Compliance, Greater China (“HoC”) in carrying out Compliance functions through developing a thorough understanding of the business, risks, and processes with respect to Compliance and keeping abreast of all relevant regulatory and market developments to keep management fully informed of any changes that may impact decision making.
• The incumbent will participate in the development, implementation and maintenance of appropriate Compliance policies and procedures, provide sound regulatory advice, partner with the business lines and take a proactive role in driving forward new business initiatives. The incumbent will support the HoC and the VP, Head of Compliance, APAC in implementing any regulatory change initiatives or projects that affect the China businesses as well as implementing appropriate monitoring for those businesses in line with the annual APAC compliance monitoring and reviews plan. The incumbent will partner with Operational Risk Oversight and Group AML to ensure that the Global Markets business lines fully implement KYC, AML and ATF laws, regulations, policies and procedures.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Holding an Appointed Regulatory Role in any APAC jurisdiction in which the Bank operates, the incumbent will be responsible for the conduct for their regulated activities, as well as the oversight and governance of the applicable regulated business(es).
• Ensure Guangzhou Branch and units within the designated compliance network comply with rules, guidelines, directives and regulations set forth by local authorities/ country regulators by:

1. 1. Acting as the compliance officer of Guangzhou Branch to interface between government authorities, e.g. PBOC, NFRA, and the Bank, keeping abreast of all relevant changes to compliance requirements applicable to Branch business activities and practices; assessing their impact and advising operating management for effecting necessary courses of action in the execution of Bank's procedures and compliance program.
   2. Coordinating with regulators and operating departments with onsite / offsite inspection / examination / review activities, liaising the timely and effective resolution of issues thus rose.
   3. Attending meetings, seminars and courses with respect to applicable regulations and directives, ensuring good understanding and comprehension of the relevant requirements to enable Branch's full and ongoing compliance.
   4. Coordinating and assisting Management in responding to enquires from regulators and government authorities.

• Ensure Guangzhou Branch comply with all applicable internal policies and procedures by:

1. 1. Coordinating the completion/conduct of compliance activities as outlined in global compliance policies issued by the bank.
   2. Documenting local specific compliance processes, in particular Compliance Management Framework comprising the Compliance Risk and Control Assessment and updating of Compliance Regulatory Libraries, which serve as the key control document for monitoring various compliance activities, ensuring it is up to date and effectively implemented in the Branch.
   3. Coordinating the completion of necessary reporting and compliance reviews.
   4. Coordinating the delivery of training/educational programs relevant to Branch operations and local regulatory compliance.
   5. Conducting specific transactions review as assigned by Director, Central Compliance, Asia Pacific. In doing so, the Manager, Compliance, BNS China - Guangzhou Branch, ensures that (a) an appropriate checklist is maintained and (b) associated procedures and findings are documented.
   6. Maintaining effective liaison with other country compliance, Regional and EO Compliance personnel.

Anti-Money Laundering (AML)/Anti-Terrorist Financing (ATF):