Title:  Director, Markets Compliance Officer

Requisition ID: 225527

 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

In this role, you will provide senior compliance support for the Scotiabank US Sales and Trading businesses by acting as a team leader for Markets Compliance.

What You'll Do

• Acting as a senior compliance officer and Compliance team leader supporting Scotiabank US sales and trading businesses and coordinating with other Compliance officers outside the U.S. to reinforce a global approach to compliance.
• Operating with minimal direction. Exhibiting leadership skills while providing support for the compliance program for the sales and trading businesses.
• Developing teams and talent with diverse capabilities; building a high-performance environment and implements a people-centric strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
• Communicate with sales and trading management and US Compliance personnel on relevant compliance issues, the regulatory environment, and Compliance Department initiatives by actively participating in relevant business forums and internal meetings.
• Provide compliance support for equities and fixed income sales and trading businesses by advising on the application of laws, rules, and regulations, as well as internal policies and procedures.
• Proactively identify issues and participate in remediation and regulatory change initiatives and provide regular updates to relevant stakeholders.
• Ensuring issues are resolved and management action plans involving Compliance are properly drafted to identify the steps necessary to close the findings.
• Coordinate with Regulatory Relations to manage regulatory examinations by evaluating and responding to requests from regulators including SEC, FINRA, NY Federal Reserve, and US Treasury Department. In coordination with Legal, analyze and respond to regulatory enforcement investigations.
• Analyze new and proposed laws and regulations, determine the applicability and impact of laws and regulations for specific securities sales and trading businesses, and evaluate the impact of controls to address ongoing compliance.
• Coordinating activities with Internal Control to reinforce the Scotiabank U.S. front office system of supervision and control.
• Providing guidance for compliance-related issues identified in internal audits and Compliance Testing reviews.
• Playing a key role on the initiative to improve U.S. compliance policies. Draft policies and procedures for review by key stakeholders; managing the process of obtaining agreement on the content of policies and ensure approval by governance forums.
• Create and provide online and in-person compliance training for sales and trading staff and related support personnel. Coordinate with other Compliance officers to ensure training is consistent across businesses. In coordination with the Training Group, evaluate personnel in scope for training.
• Evaluate US and global new business proposals as required under NIRA/NIA policies. Provide a written description supporting the Compliance assessment of NIAs in line with the requirements of US compliance procedures.
• Coordinate with Internal Control on compliance risk assessments, independently conduct the effective challenge of compliance risk assessments, and adequately document the rationale for the Compliance view.
• Champion a high-performance environment and contribute to an inclusive work environment.

What You’ll Bring 

• A minimum of 7-10 years of compliance experience, including experience providing advisory support to a broker-dealer equities sales and trading business.
• Knowledge of relevant SEC and FINRA rules and regulations pertaining to Sales and Trading, including transaction reporting, best execution, market access, Consolidated Audit Trail (CAT) requirements, etc.
• Relevant compliance experience, including policies and procedures development, the provision of compliance training, compliance risk assessments, responding to regulatory inquiries, etc.
• Strong analytical and investigative skills and demonstrated ability to operate at a strategic level. 
• Able to operate with minimal direction, deliver work product of the appropriate quality, set goals, and manage priorities.
• Able to coordinate across multiple management levels, jurisdictions, business lines and support functions to drive results.
• Strong leadership skills and demonstrable experience and success in building and leading high-performance teams; experience managing remote teams in a virtual environment a plus.
• Detail-oriented and able to coordinate potentially competing deliverables and timelines.
• Experience in interfacing with securities regulators.
• Strong organizational, communication (oral and written), and interpersonal skills required. 
• Post graduate degree (J.D. or MBA) preferred but not required.
• College Degree required.

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. 

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

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.