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Title:  Senior Manager, Regulatory Library Integration Lead

 

 

 

Requisition ID: 153915

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

 

The objective of this position is to ensure that the U.S. operations of The Bank of Nova Scotia, Scotia Capital (USA) Inc. and their affiliates (collectively the “Bank”) have appropriate internal controls (i.e., policies, procedures, processes) in place to satisfy applicable U.S. legal and regulatory requirements/obligations. The Regulatory Library Integration Lead will assist the Head of U.S. Regulatory Controls Management in (i) the development of the U.S. Compliance Department’s processes for tracking legal and regulatory developments across various US financial services regulatory regimes, including Federal and State banking, commodity, securities and investment management laws, regulations and interpretations, (ii) working closely with the relevant compliance advisory team(s) to update the department’s inventory of obligations and controls, (iii) developing and maintaining an electronic database that will house regulatory obligations and risk-related controls, (iv) driving the regulatory change management function by assisting front, middle and back office functions in developing and maintaining appropriate regulatory risk-related controls, and (v) performing quality reviews of the processes within the U.S. Regulatory Controls Management team.

 

 

 

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

 

 

  • Assist in the development and implementation of a global, cross-divisional framework for identifying and tracking legal & regulatory requirements/obligations, policies and procedures, and related internal controls.
  • Assist in the maintenance of the Regulatory Library that houses all regulatory requirements/obligations and risk-related controls applicable to the Bank’s US operations. Facilitate periodic review and attestation of subject matter experts relative to the Regulatory Library content.
  • Assist in developing and maintaining robust and comprehensive processes and procedure documents for (i) identifying legal and regulatory requirements/obligations applicable to the Bank’s US operations and (ii) tracking changes to such requirements/obligations, policies and procedures, and related internal controls arising from new or amended laws/regulations or changes in business activities.
  • Assist in the independent second line quality review processes geared towards a comprehensive regulatory library encompassing timely and accurate updates from the regulatory change management processes.  
  • Interface with the Enterprise Team to develop processes and systems to map applicable legal & regulatory requirements/obligations to relevant policies and procedures and internal controls in accordance with U.S. regulatory expectations and business/control function needs.
  • Assist in integrating the Regulatory Library with the risk assessment process, including the logic, reports, and workflow as well as act as the liaison for the business line stakeholders to facilitate compliance review of control inventory.
  • Assist in developing comprehensive regulatory change management framework for identifying legal and regulatory developments and changes to related policies and procedures and internal controls that may impact the Firm’s US operations and coordinating change management processes to address such developments.   
  • Maintain strong relationships with key stakeholders, including Compliance Advisory, Internal Audit, Operational Risk, and the relevant business areas to ensure their inputs are obtained in the risk assessment process.
  • Maintain an awareness of and monitor the regulatory environment for new and emerging legislation, policy statements, relevant trends and industry best practices and determine how they impact related controls.
  • 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 seven years of compliance experience preferably with a major international banking organization with institutional trading & sales, investment banking, institutional broker dealer and FCM/swap dealer businesses.
  • A minimum of five years of experience establishing and maintaining appropriate standards for regulatory-risk related policies & procedures and related internal controls within the financial services industry.
  • A good understanding of applicable Federal and State laws applicable to non-US banks operating in the US, SEC registered broker-dealers, futures commission merchants, swap dealers and registered investment advisors.
  • Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
  • Ability to work independently and effectively with senior management.
  • Sound judgment in identifying risks in order to proactively escalate with relevant senior management.
  • Outstanding written (drafting & editing) and spoken communication abilities.
  • Excellent teamwork, interpersonal and conflict resolution skills.
  • Highly organized and capable of dealing with multiple, complex projects simultaneously and independently.
  • High Degree of proficiency with MS Excel and PowerPoint.
  • BA or international equivalent required. JD or MBA preferred.

 

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.


Nearest Major Market: New York City

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