Title: Senior Compliance Officer, Trade Surveillance (Listed Products)

Requisition ID: 259597

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

Purpose

The objective of the Senior Compliance Officer (SCO) is to directly conduct capital markets trading related surveillance, monitoring and support for the Global Banking and Markets & Treasury (“GBM&T”) business division of Scotiabank. The Senior Compliance Officer (“SCO”) is responsible for carrying out certain Tier 2 compliance activities for assigned internal business groups in accordance with regulatory requirements (in particular those established by securities regulations and Self-Regulatory Organizations as well as internal policies and procedures.

Accountabilities

Conduct post-trade market-related surveillance to address alerts. Analyze and address alerts using Nasdaq Trade Surveillance (NTS) and other surveillance applications. Identify and investigate any potential exchange / marketplace and regulatory rule violations by clients and/or traders.
Generates reporting and trend analysis of trade surveillance activities for specific GBM&T and Wealth Management business lines, business divisions of Scotia Capital Inc (“SCI”)
Conducts periodic reviews, analysis and testing of alert scenarios for alert optimization.
Assist and provide guidance when responding to regulatory and internal audit inquiries, which includes gathering documents and/or data extracts.
Act as a resource for the team by supporting the Trade Surveillance department Senior Manager(s) and assisting Compliance Officers in the execution of their duties.
Acts independently, conducting research and performing analyses on regulatory or marketplace inquiries, investigations and/or examinations; including internal matters escalated to Trade Surveillance to recommend solutions and actions to take; based on exercising good judgment on moderately complex decisions falling within standard policies and to escalate matters beyond existing policies.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Supports effectiveness testing of business supervision related processes and controls, including identification of gaps in the existing trade surveillance processes.
Assist in the development and enhancement of procedures and processes of the surveillance program.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Assist other team members, provide back-up support and guidance within the team and other projects as assigned. Accustomed to working in a collaborative team environment and contributes to the overall effectiveness of the Trade Surveillance Program.
Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Education/Experience

Sound understanding of retail and institutional Equities, and/or Listed Derivatives trading, including knowledge of hedging and other trading strategies.
Post-Secondary education and/or professional designations.
Securities licenses, Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course, DFOL, DFC or equivalent preferred.
Minimum of 5-7 years of related experience at a financial institution and/or regulated securities dealer.
Able to work independently and with other staff across functional lines within the Bank.
In-depth knowledge of regulatory (UMIR/MX) and compliance requirements.
Identify external market activity, news and additional factors that may influence trading activities.
A comprehensive understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and Universal Market Integrity Rules, Montreal Exchange Rules, Financial Industry Regulatory Authority (FINRA) rules, as well as a sound understanding of Canadian provincial securities legislation applicable to trading activities and capital markets, Dodd-Frank Act, Volcker Rule and MiFID II or MAR.
Proficiency in advanced excel macros, custom coding and desktop tool building capabilities.
Fluent verbal and written communication skills.
Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
Sound judgment in identifying risks in order to proactively escalate with relevant senior management.

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.

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