Title:  Manager, Compliance Advisory, Europe

Requisition ID: 233729

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

Purpose

Contributes to the overall success of the Europe Compliance in Europe 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.

Accountabilities 

•    Compliance advisory duties include acting as the key contact for Corporate & Investment Banking, Global Transaction Banking, Group Treasury and Global Wholesale Operations, on all Compliance related issues.  Providing Senior Management with regular updates on regulatory initiatives and compliance related issues impacting the business, investigating and managing issues through the consequence management process.  
•    Evaluates new products, programs, services and business initiatives to ensure compliance issues are identified and address and an appropriate Compliance program to support the initiative is implemented. This includes ensuring that all relevant compliance obligations and controls are mapped. 
•    Responsible for the annual review of the Conflicts of Interest Register working with the business, support and control functions to update the register and reporting and changes to the relevant Committee .
•    Lead in the creation and delivery of appropriate compliance training (and other awareness communications, for example Compliance Bulletins) for the business lines in cooperation with Group Compliance colleagues and outsourced Compliance Service Providers.
•    Lead on the delivery of assigned projects, in particular, any which impact coverage area.
•    Working with the wider Compliance team in implementing any regulatory change initiatives or projects that affect the businesses, as required by the Director, Compliance Advisory Europe.
•    Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

•    Responsible for providing advice and support, for the GBM business lines in London, in order to provide reasonable assurance that:

o    The firm and its employees comply with applicable regulatory requirements and internal policies and procedures.
o    The risk of reputational damage, regulatory sanction and discipline, client complaints and civil litigation is minimized.
o    Actual and potential compliance violations and risk situations are proactively identified, investigated and resolved or escalated in an appropriate and timely manner.

•    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. 

•    Work with the wider Compliance team in implementing any regulatory change initiatives or projects that affect the businesses.

•    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 his/her respective areas, 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, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Code of Conduct. 

•    Contributes to a high performance environment and fosters an inclusive work environment; supporting the vison/values/business strategy for the team. 

•    Remain current of UK, European and other relevant legislation and regulatory developments and support the Compliance team with all aspects of the implementation of regulatory change initiatives relating to Europe.

•    Partner with the Compliance team in keeping business line management, both locally and in Executive Office, up-to-date on relevant regulatory developments and advising on the associated impact, risks and opportunities these present for the businesses.

         
Education / Experience 

•    Degree educated or equivalent
•    Good knowledge and understanding of UK/EU financial services regulations, with experience with interpretation, interacting with the business
•    Good knowledge of the following: Compliance Risk Assessment, Conflicts of Interest Frameworks, Financial Promotions/ Marketing Communications, MAR, Complaints Handling, Product Governance, Cross Border business, Investment Research, Regulatory Change assessment
•    Knowledge of Control Room and Private Side businesses  
•    Experience of multiple stakeholder management at mid-senior management level, including stakeholders from the business as well as third party organisations 
•    Liaising with internal and external audit and attend relevant meetings
•    Ensure prompt escalation of compliance issues
•    Maintain compliance knowledge through appropriate training and monitoring of emerging regulatory, legal and Group initiatives and requirements
•    Provide backup support for conflicts clearance and related Global Control Room processes

General Competencies

•    Good understanding of Corporate and Investment Banking products and business practices, organizational structures, policies and procedures
•    Strong analytical skills and a keen eye for detail
•    Strong written and verbal business communication skills
•    Capable of simultaneously handling multiple tasks and meeting tight deadlines
•    Well-developed interpersonal skills in order to provide a high level of service and maintain working relationships with assigned client groups and team members
•    Able to recognize and handle sensitive and confidential information
•    Self-motivated, confident and capable of working both independently and in a team environment
•    Superior planning, organizational and time-management skills
•    Reliable, consistent and disciplined
•    High level of integrity
•    Tactful, diplomatic and politely persistent
•    Advanced knowledge of MS Office and software tools as applied to the position.

Location(s):  England : Greater London : London (UK) 

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.