Compliance Testing Manager

Requisition ID: 138293

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

Contributes to the overall success of the GBM&T Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies and procedures.

The primary responsibility of this position is to support compliance testing for Scotiabank’s U.S. operations. The U.S. Compliance Testing Program covers U.S. regulations applicable to all of Scotiabank’s U.S. broker-dealer (including internal inspections), banking, swap dealer, futures commission merchant, investment management activities, corporate functions, cross-border testing engagements and other financial services activities. Members of the testing team may be assigned to conduct testing with respect to these business activities.

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

• 
  Support Compliance Testing Program in conducting reviews based upon the regulatory requirements, processes, policies, procedures to assess controls within the first and second lines of defense.
• Lead testing around laws, rules, regulations and best practices for Dodd Frank, Swap Dealer and security-based Swap Dealer Compliance.
• Assist team in responding to regulatory inquiries, initiatives, audits and examinations.
• Support and lead reviews through the planning/scoping, fieldwork and reporting phases.
• Escalate potential issues and exception items noted during the review process to senior management.
• Ensure that the stakeholders respond with appropriate action to address all draft recommendations and deficiencies noted during the fieldwork process.
• Perform required administrative responsibilities in support of testing, including but not limited to:
  • Preparing and entering all issues and observations into central repository and tracking with updates until closure
  • Prepare and distribute testing reports to senior management detailing review findings and recommendations.
  • Prepare Workpapers documenting testing with enough detail that a third party can reasonably understand.
• Validation and closure of issues raised as part of ongoing reviews.
• Provide assistance with the Team’s collective issues management and validation testing efforts.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Building and managing relationships with stakeholders across the business and peers within compliance.

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

• 
  A minimum of 5 years of compliance, audit or regulatory exam support, at least 3 of which should involve compliance testing or audit.
• Experience/background in compliance applicable to broker-dealer internal inspections, institutional trading & sales, investment banking, futures commission merchant, swap dealer activities, commercial banking, investment management, and corporate functions within investment or commercial bank or institutional broker-dealer is preferred.
• Familiarity with applicable SEC, FINRA, CFTC, NFA, Federal Reserve and state banking rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S.
• Knowledge of Dodd-Frank Regulatory Requirements and Swap Dealer is required.
• Strong attention to detail.
• Ability to communicate well across all levels of an organization.
• Strong ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
• Strong written and verbal communication skills.
• Ability to work independently.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with complex projects.
• BA or international equivalent.

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. 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.