Title:  Manager, Regulatory Obligation & Risk Assessment, Swap Dealer and Derivatives Compliance

Requisition ID: 220782

 Salary Range: 90,000.00 - 167,200.00 

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
 

Contributing to the overall success of Swap Dealer and Derivatives Compliance, this role ensures that specific individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives. As a member of the Swap Dealer Compliance team, you will support the firm and the Chief Compliance Officer by providing day-to-day guidance to all stakeholders. You will continue to build out and enhance the Swap Dealer and Security-Based Swap Dealer Compliance programs, while monitoring, overseeing, and independently challenging the firm's execution of its regulatory responsibilities.

The primary responsibility of this position is to advise on regulatory changes impacting derivatives businesses, manage applicable regulations for swap dealer and derivative compliance, and execute risk assessments related to the program. You will advise business lines on risks and controls, ensuring effective management of matters related to Scotiabank’s CFTC Swap Dealer, SEC Security-Based Swap Dealer, and Futures regulations. The role involves developing and maintaining standards, establishing the mapping of regulations, risks, and risk controls to business lines, coordinating cross-border risk and control assessments with the business lines, and providing governance and ongoing support to business lines' risk assessments.

What You’ll Do 

• Manage and maintain a comprehensive regulatory obligations library for swap dealers, security-based swap dealers, and Futures Commission Merchants. This includes mapping obligations to businesses, products, regions, and linking them to regulatory controls.

• Advise Internal Controls Inventory Team Leader in reviewing policies, procedures, and document controls designed to address regulatory requirements.

• Collaborate with the CRA team to conduct compliance risk assessments of various U.S. entities, including SMBC’s broker-dealer, swap dealer, and bank branches.

• Analyze CRA results to identify key control gaps and work with relevant stakeholders to design management action plans to address these gaps.

• Partner with central compliance groups to manage and execute quarterly and annual risk assessments by providing subject matter expertise and governance.

• Contribute to the Swap Dealer Compliance Programs by providing input on risk assessment areas of focus, known gaps, and emerging risks

• Identify and implement processes to streamline current practices, enhance swap dealer obligation data quality and reporting, and drive compliance risk and control assessments

What You’ll Bring 

• Bachelor’s Degree required; minimum of 3 years of prior regulatory, compliance, and/or risk management experience.
• Familiarity with applicable SEC, CFTC, NFA, rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking.
• Experience in reviewing policies and policies and documenting controls that meet minimum standard requirements.
• Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary.
• Strong analytical skills to understand project goals and interpret them into meaningful action.
• Strong analytical and investigative skills.
• Solid ability to quickly review, assimilate, prioritize and escalate issues to appropriate stakeholders.
• Solid ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
• Strong written and spoken communication abilities. 
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with complex projects. 
• BA or international equivalent. 
• Knowledge in conducting Compliance Risk Assessments either as a subject matter expert providing ratings or as a member of a CRA team is a strong plus (but not required).
• Ability to speak, read and write in Spanish a plus. 
• Experience managing remote teams in a virtual environment a plus. 

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.