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Title:  Senior Manager, Swap Dealer Compliance




Requisition ID: 150961

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


This individual must contribute to the overall success of the Compliance Department by ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the Swap Dealer 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 individual will be responsible for compliance and regulatory matters relating to the Bank’s Dodd-Frank Title VII obligations and support BNS Swap Dealer and Security Based Swap Compliance Program in:


  • the management of applicable regulations for CFTC Swap Dealer, SEC Security-Based Swap Dealer (“SBSD”) and Futures Merchants Commission (“FCM”),
  • advisory of regulatory changes impacting derivatives businesses, and

monitor regulatory development and industry best practices relating to compliance programs




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




  • Manage and maintain a robust regulatory obligations library of swap dealer, security-based swap dealer and Futures Commission Merchants, including mapping to businesses, products, regions, and linkage to regulatory controls.
  • Maintain close working knowledge of rules and regulations. Working with business management and other compliance teams to enhance regulatory obligations and control library.
  • Identify and implement processes to streamline current practices and to enhance swap dealer obligation data quality and reporting, and to drive compliance risk and control assessment.  
  • Monitor regulatory guidance, industry developments and best practices related to swap dealer compliance programs through review of publications, participation in industry associations, dialogue with regulators, and interactions with counsel and auditors.
  • Assist in the preliminary assessment of new or changed regulations, including rule applications and impacted businesses, products, and regions.   Collaborate with other Advisory and Regional Compliance teams and other stakeholders to conclude and document the assessments.
  • Assist in developing Security Based Swap Dealer (SBSD) compliance program. 
  • 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”), and National Futures Association (“NFA”).
  • Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Champion a high-performance environment and contributes to an inclusive work environment.



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



  • 3-5 years of compliance or risk management experience with a focus on swap dealer regulations.
  • Knowledge of derivatives trading business structure and processes, including cross-functional and regional interdependencies. 
  • This knowledge must be supplemented with a well-developed ability to:
    • analyze regulations and determine the impact to the Bank;
    • identify, research and define compliance requirements and develop compliance program recommendations;
    • 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.

Nearest Major Market: New York City

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