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Title:  Senior Manager, Volcker Compliance Officer

 

 

 

Requisition ID: 111632

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

 

The objective of this position is to serve as Compliance Officer within the Markets Compliance Program of the U.S. operation of The Bank of Nova Scotia (the “BNS”).  The position will provide support to the GBM&T in implementing Volcker Rule Compliance Program in the U.S. and Canada.

 

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

 

  • Providing Volcker Rule specific regulatory advice to GBM&T business lines and support functions in the U.S. and Canada, including advice on the impact of regulatory changes.
  • Working collaboratively with other members of the Markets Compliance team to support the U.S. and Canadian trading businesses.
  • Working closely with global teams on enhancements to the Bank’s enterprise Volcker Compliance Program and participating on work streams for projects requiring Volcker Rule interpretation.
  • Approving Desk Operating Plans and Annual Desk Assessments to ensure content is consistent with Volcker classifications.
  • Conducting monitoring for Volcker breaches and ensure valid breaches are promptly remediated and senior management is informed.
  • Executing Enterprise Compliance requirements such as the review of GBM&T Recordkeeping Index and other Volcker artifacts.
  • Drafting and updating policies and procedures related to Volcker Rule compliance.   
  • Reviewing new business initiatives being introduced in the U.S. and Canada for compliance with enterprise Volcker requirements.
  • Reviewing and challenging Volcker Rule controls inventories as part of the Compliance Risk Assessment.
  • Delivering Volcker compliance training to U.S. and Canadian staff, including identifying the scope of personnel requiring the training, preparing the training materials, and giving presentations.
  • Managing and responding to Audit, Compliance Testing, and regulatory examination findings and self-identified issues to ensure appropriate action plans are put in place to address Volcker-related issues and close findings.
  • Providing ongoing reporting on the status of the Volcker Compliance Program, including reporting to senior management and governance forums such as the Volcker Oversight Committee and SHUSI Board.
  • Other duties and projects as may be assigned.

 

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

 

  • A minimum of 7-10 years of legal or compliance experience, including significant experience supporting trading businesses.
  • Significant subject matter expertise on the Volcker Rule and its application and related Industry standards for compliance.
  • Ability to operate with minimal direction, set goals and manage priorities.
  • Relevant compliance experience, including policies and procedures development, the provision of compliance training, compliance risk assessments, responding to regulatory inquiries, etc.
  • Experience in interfacing with regulators.
  • Experience operating and coordinating programs across large matrixed organizations.  
  • Strong organizational, communication (oral and written), and interpersonal skills required.
  • Strong leadership skills and demonstrable experience and success in working in high-performance teams.
  • Post graduate degree (J.D. or MBA) preferred but not required.
  • College Degree 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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