Title:  Senior Manager, Markets Compliance Officer

Requisition ID: 204138

 Salary Range: 110,700.00 - 211,800.00 

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

Contributes to the overall success of the Equities Sales and Trading businesses in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the Bank’s business strategies and objectives. Provide advice on compliance with governing regulations and Bank internal policies and procedures.

What You’ll Do 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Provide day-to-day compliance support for equities securities trading and sales businesses by advising on the application of laws, rules, and regulations, as well as internal policies and procedures, to the businesses.  
• 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.  
• 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.
• Develop, draft, amend and maintain compliance policies, procedures and manuals outlining requirements, regulations, and best practices.  Provide comments to relevant business and compliance policies and procedures as part of the internal review and governance process.  Review written supervisory procedures to verify they reflect current practices and address regulatory requirements.   
• 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.
• 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.
• Participate in the review of monitoring and surveillance routines and respond to alerts or issues from Surveillance by investigating the circumstances surrounding trades or communications and escalating breaches. 
• Investigate and respond to regulatory inquiries by obtaining requested trading data, analyzing any potential compliance issues identified, and preparing a written response. 
• Coordinate with Regulatory Relations to manage regulatory examinations by evaluating and responding to requests.  In coordination with Legal, analyze and respond to regulatory enforcement investigations.
• Conduct assigned monitoring and compliance processes in accordance with written compliance procedures and evidence completion of tasks.
• Monitor the regulatory environment for emerging legislation and policy statements, along with relevant trends and industry best practices applicable to the sales and trading businesses through review of publications, participation in industry associations, contact with regulators and liaison with counsel and auditors.
• Proactively identify issues and participate in remediation and regulatory change initiatives and provide regular updates to relevant stakeholders. 
• Identify and escalate compliance issues and execute action plans for Internal Audit and Compliance Testing findings assigned to Compliance to adequately address deficiencies and facilitate timely issue closure.  
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operation of assigned responsibilities in accordance with Scotiabank’s Code of Conduct, and relevant Bank policies, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. 
• Champion a high-performance environment and contribute to an inclusive work environment. 

What You’ll Bring 

• A minimum of 5-7 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 including transaction reporting, best execution, market access, Consolidated Audit Trail (CAT) requirements, etc.  
• Experience responding to FINRA regulatory inquiries and examination requests/findings.
• Experience developing policies and procedures, providing compliance training, conducting compliance risk assessments and monitoring, etc.
• Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
• Able to coordinate across multiple management levels, jurisdictions, business lines and support functions to drive results. 
• Able to operate with minimal direction, deliver work product of the appropriate quality, set goals, and manage priorities. 
• Detail-oriented and able to coordinate potentially competing deliverables and timelines.
• Experience operating and coordinating programs across large matrixed organizations.
• Experience interfacing with Bank and securities regulators.
• Strong organizational, communication (oral and written), and interpersonal skills required.
• Bachelor's degree required.  Post graduate degree (JD or MBA) a plus but not required.
• FINRA Series 7 required.  Series 24 or 57 preferred.  

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.