Title:  Associate Director - Fixed Income & Rates Derivatives, Trade Floor Supervision

Requisition ID: 218967

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

Associate Director – Fixed Income & Rates Derivatives, Trade Floor Supervision 

Purpose
Contributes to the overall success of the Trade Floor Supervision Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, 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. 
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions and to that end has knowledge of bond markets, rates trading, listed and OTC derivative products, and understands the intricacies of supervising these activities  
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk 
• Responsible for training and development of new and existing team members on technology and procedures where applicable
• Assists the VP, Internal Control Canada in the Internal Control Continuous Improvement Program. 
• Work with other Internal Control staff to ensure timely execution of the project. 
• Assist with the mapping of surveillance requirements for a 1b role for execution. 
• Assist with evaluating any technological issue that may need to be addressed to fulfill the mandate. 
• Provide support to the VP, Internal Control Canada with the deliverance of a global standard. As well as supporting other Internal Control groups with FICC products supervision in Canada. 
• Assist with review & escalate exceptions/discrepancies to the VP, Internal Control Canada and/or and coordinate matters requiring further investigation with Trade Surveillance Compliance or the Compliance Control Room as directed. 
• Through the TFS team coordinate procedural changes associated to pending regulatory changes. 
• Work with the VP, Internal Control Canada to provide training and interpretations to trading businesses for procedural changes resulting from proposed and changed rules and regulations. 
• Provide investigative support to the VP, Internal Control Canada to ensure accurate reporting of operational and conduct related matters associated to losses and near misses. 
• Through the VP, Internal Control Canada provide recommendations to GBM Business lines to consider anticipated regulatory and policy impacts on the business. 
• Assist in providing advisory support to sales and trading personnel with respect to internal policies and regulatory requirements that affect their daily trading activities. 
• Assist in providing support and coverages to Front Office Supervision related to daily supervisory activities and reviews. 
• Maintain close working relationships with internal and external stakeholders and regulatory bodies. 
• Assist with evaluation and review of ongoing effectiveness of implemented policies and identify/remediate any gaps. 
• Participate as requested by the VP, Internal Control Canada to lead special projects as required. 
• Proactively identify operational risk/control deficiencies in the business and raise any concerns to the VP, Internal Control Canada. 
• Escalate operational risk events, control deficiencies and risks that you identify to the VP, Internal Control Canada. 
• Execute reviews on FICC secondary (public) market activities, such as: 
  • fair pricing 
  • cancel/amend 
  • size/PnL monitoring 
  • benchmark trading 
  • Execute reviews on FICC primary (private) market activities/DCM, such as: 
  • syndication allocation 
  • Volcker/DCM inventories 
• Continually expand the review horizon on FICC products; including OTC & listed derivatives 
• Assist as requested with tasks relating to Internal Control of various FICC products 
• Escalation of suspicious activities to the VP, Internal Control Canada. the business line head and /or Compliance 
• Reporting of large operational risk losses to the VP, Internal Control Canada. 
• Act as a resource for the various trading functions. 
• Deal with regulatory agencies on trading matters where required 

What You'll Bring:

• 2 - 5 years of experience in the FICC Markets  
• Bachelor’s degree in finance or relevant education/work background 
• Completion of the CFA or MBA would be desirable. 
• knowledge of FICC Markets  
• knowledge of trading methodologies and strategies  
• Working knowledge of systems used for trading in FICC products  
• Ability to exercise good judgment in determination and escalation of issues involving material risk 
• Ability to work in a fast paced and stressful environment and remain focused. 
• Working knowledge of back-office procedures, departments and contacts.  
• Ability to multitask, excellent problem resolution and time management skills. 
• Ability to quickly and effectively respond to enquiries with confidence knowledge of investment products and relevant markets. 
• Excellent verbal and written communication skills. 
• Strong mathematical inclinations and the ability to work well with Excel Spreadsheets   
• Independent decision making relative to compliance supervision tasks and escalation of exceptions. 
• Requires excellent interpersonal skills. 

Work Arrangement: 

• Hybrid

#LI-Hybrid

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):  Canada : Ontario : Toronto 

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.