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Title:  Capital Markets First Line Support & Supervision, Director




Requisition ID: 90033


Join the Global Community of Scotiabankers to help customers become better off.


In this role as Capital Markets First Line Support & Supervision, Director you will contribute to the overall success of the SBUS control framework by working with the first line of defense/1A business to ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. You will provide 1st line of defense supervision and support serving as a subject matter expert in managing non-financial risks inherent to products and services offered by Scotiabank SBUS capital markets trading businesses. You will assist in meeting a number of industry practice and regulatory requirements related to the normal BUA process (RCSA, Compliance risk assessment, Volcker, Supervision Oversight of the Front Line teams, etc.).


Is this role right for you?

  • Risk and Control experience in Capital Markets able to effectively communicate with multiple stakeholders in business/trading, operations and risk conversations
  • Deep working knowledge of compliance risks/rules and controls for broker dealer and derivatives/swap businesses
  • Expert in the operational aspects, compliance and business matters for the capital markets business lines
  • Able to be point person for the front office capital markets businesses on operational/process, risk, and compliance issues and internal/external obligations
  • Conduct supervisory reviews (e.g. trade, electronic communications, voice communications)
  • Lead/direct/execute delegated supervisory tasks from the businesses (Line 1A)
  • Strong ability to communicate with senior Capital markets personnel on detailed issues in business
  • Participate in RCSA execution and liaise with 1A to identify processes, risks, controls and corresponding ratings
  • Coordinate in the collation of information and execution required by regulators and internal audit to facilitate the latter’s examinations/reviews
  • Drive analyses of  risk events to ascertain underlying causes and formulate action plans to address process breakdowns
  • Assist the business in coordinating and performing timely review of new transactions, products, and/or methods for effectuating transactions in accordance with Scotiabank’s New Initiative Risk Assessment process
  • Must have or be willing to obtain Series 7, 63, 24 in a short period of time
  • Monitor adherence to trade-related controls designed to manage risk and compliance; for example, but not limited to: limit breaches, market abuse, fair dealings with clients, auctions and compliance with regulatory requirements
  • Act as the escalation point for incidents (e.g. delays in signing off daily P&L, errors, disputes), investigate and remediate as necessary
  • Assist in the development and maintenance of supervisory procedures at the business line/desk level
  • Develop and provide training to business line (1A) personnel on non-financial risks, controls and supervision procedures
  • Generate key metrics (KRIs/KPIs) and reports on supervisory and operational risk topics for senior management when needed
  • Evaluate impact on operational risk management from changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes/new implementation, regulatory requirements
  • Review regulatory and audit findings and work with business line management (Line 1A) to formulate responses
  • Other duties and projects as may be assigned from time to time
  • Partner with business line managers to address operational risk, risk assessment and outstanding issues
  • Develop and implement new monitoring supervisory reports, as required

Do you have the skills you need to succeed? We'd love to work with you, if you have:

  • 15+ years’ experience of capital markets front office environment
  • Knowledge of capital markets process, capital markets expertise to effectively interpret input from Business leaders and Subject Matter Experts (“SMEs”) 
  • Past experience of working with regulations and familiarity with latest laws
  • Knowledge in relative capital markets risks and controls
  • Significant degree of sensory attention and concentration required within an open concept office environment
  • The ability to maintain the confidentiality of information within an open concept office environment
  • The ability to deal with time sensitive requests, competing priorities and fluctuating call, email volumes



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

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.


We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here.


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.

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