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Title:  Director, Governance & Controls F.O. Supervision & Oversight




Requisition ID: 78982


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


This role manages and contributes to the overall governance success of the Front Office RIsk function in the United States, ensuring specific individual goals, plans initiatives are executed / devliered in support of the team's business strategies and objectives. Thie role establishes and maintains the trade supervision framework and the design of controls and acts as a central point of contact fo requests from other parties (e.g., Compliance, Internal Audit, Regulators, etc.) You will ensure the framework for Front Office activities to be conducted in compliance with applicable regulations, Scotiabank policies and procedures and regulatory expectations.

Is this role right for you?

Design and implement fit for purpose 1) trade control processes and 2) testing requirements with input from line 1A and 2nd line of defense where applicable.
Assist in ensuring that roles and responsibilities are clearly defined across the functional departments (the three lines of defense 1A, 1B and 2nd line units) on a continuing basis
Maintain an inventory of key controls and conduct regular testing to assess their adequacy, in coordination with 2nd level testing (Compliance, Operational Risk, etc.)
Develop a framework and review process to ensure a consistent application of best practice across deliverables, including reviewing hte output of work product from SMEs to ensure consistency across the bank
Help ensure accoutability of risk supervision by the appropriate risk owners
Draft, manage and maintain 1st line trade supervision procedures and manuals, ensuring consistency with appropriate bank, business and departmental policies, procedures and methodologies
Develop and maintain a central repository and management framework (including periodic updates) for all supervisroy, front office risk and control policies and manuals
Help maintain and establish escalation of risk and control information events (breaches, limits, exceptions, etc.) throughout the established channels
Understand how the Bank's risk appetite and risk and conduct culture should be considered in day-to-day activities and decisions
Design KPI, KRIs and reporting templates
Create holistic reports, with an appropriate control framework for 1B, Senior Management and Executive Committees, connecting issues, risks and lessons learned across GBM businesses
Coordinate regulatory requests on behalf of the Front Office; respond to internal requests and findings
Manage the onboarding of 3rd party vendors, brokers, clearers and exchanges for Global Banking and Markets US

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

An undergraduate/post-graduate degree in business or finance
20+ years of experience in global capital markets
Knowledge of banking and capital markets products and services
Specific regulatory and compliance knowledge
Leadership skills
The ability to network, collaborate and interview Traders, Supervisors and other stakeholders to attain necessary information for drafting written supervsiroy procedures
The ability to develop relationships and coordinate with Compliance, Operational Risk, Audit and other control functions to effectively resolve differences in professional opinion
Knowledge of the trading process or trading expertise to effectively interpret input from Traders and Subject Matter Experts
Past experience in a Compliance or Risk function working with FINRA regulations and familiarity with relevant lawas and their application to trading and investment banking businesses


Location(s):  United States : California : San Francisco || United States : Florida : Miami || United States : Illinois : Chicago || United States : Louisiana : New Orleans || United States : Massachusetts : Boston || United States : New York : New York City || United States : Texas : Houston 

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.


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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