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Title:  Director, Swap Dealer & Derivatives Compliance PMO

 

 

 

Requisition ID: 150943

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

 

Given its recent expansion, the Swap Dealer and Derivatives Compliance team is seeking a strategic and organized individual to serve as a project manager for the team and contribute to its overall success by ensuring specific objectives, milestones, and initiatives are executed and delivered in support of the Swap Dealer and Derivatives Compliance team’s business strategies and objectives. This individual must ensure all activities are conducted in compliance with governing regulations, internal policies, and procedures.

This will be responsible for supporting the Swap Dealer and Derivatives team in:

 

  • Coordinating regulatory change initiatives;
  • Ensuring successful development and execution of key regulatory and internal deliverables;
  • Facilitating internal reporting to Senior Management; and
  • General organization and management of the Swap Dealer and Derivatives Compliance Team.

 

 

 

Is this role right for you? You will be responsible for:

 

 

 

  • Responsibility for the development, execution, tracking and reporting of key milestones assigned to the Swap Dealer and Derivatives Compliance team from existing regulatory commitments or newly identified from regulators, Compliance Testing, or Internal Audit.
  • Coordination amongst members of the Swap Dealer and Derivatives Compliance team and functions across the Bank to support regulatory change initiatives.
  • Facilitate internal reporting to Senior Management through Executive Committees, Boards, and other governing bodies of the Bank where the Swap Dealer and Derivatives Compliance team provides periodic reporting.
  • Support the Vice President, Swap Dealer and Derivatives Compliance team in the management, strategy and organization of the overall team.
  • Independently manage multiple workstreams and projects owned by the Swap Dealer and Derivatives Compliance Team, delegating to junior members as needed.
  • Develop or participate in the development of new and enhanced Compliance policies, procedures, manuals and systems as the result of identified deficiencies, new or changed regulations and/or to enhance the overall effectiveness and efficiency of the Compliance function.        
  • Coordinate with internal stakeholders across the various line of defense with respect to compliance issues associated with derivatives (e.g., Front Office Control, Operations, Information Technology, Legal, etc.).  
  • Investigate possible instances of non-compliance and escalate to appropriate teams/individuals.
  • Assist in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators, particularly the U.S. Securities and Exchange Commission (“SEC”), U.S. Commodity Futures Trading Commission (“CFTC”), National Futures Association (“NFA”), and other exchanges.
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Champion a high-performance environment, help set the culture of the Swap Dealer and Derivatives Compliance team and contribute to an inclusive work environment.

 

 

 

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

 

 

 

  • Requires an knowledge and comprehension of:
    • SEC, CFTC, SEC, and NFA swap dealer/SBSD/FCM regulation;
    • regulatory, compliance and legal requirements, related industry practices, and common issues in the OTC derivatives and swap dealer industries gained through relevant industry and professional experience and education; and
    • swap dealer business activities, operations, policies, procedures and systems.
  • This knowledge must be supplemented with a well-developed ability to:
    • Track multiple complex regulatory deliverables across various workstreams;
    • lead projects to completion with minimal oversight;
    • analyze regulations and determine the impact to the Bank;
    • identify, research and define compliance requirements and develop appropriate policy and procedural recommendations;
    • proactively identify improvements or issues with the Bank’s Compliance program, and propose remediation action as necessary;
    • manage and support the development of junior members of the team;
    • clearly and concisely draft internal and external communications, policies and procedures, trainings, bulletins, and other materials;
    • clearly identify issues and communicate recommendations in order to provide senior management with a sound basis on which informed decisions can be made; and
    • interact with impacted personnel effectively, providing them with the information they require completely, promptly and accurately and in a manner that will enable them to accomplish their business goals and still protect the Firm.
  • College Degree or international equivalent required.
  • **J.D. degree preferred but not required**

 

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.


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