Requisition ID: 214677

 Salary Range: 90,000.00 - 167,200.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

 

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

 

Global Banking and Markets 

 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose
 

Contributes to the overall success of the Investment Management Business, ensuring specific individual goals, plans, and 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 

 

Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

Assists the Senior Manager, Compliance within Scotiabank’s Asset Management division in carrying out day-to-day compliance functions and the development, drafting, updating and administration of compliance policies, procedures and reference materials, systems and manual processes.

Escalates matters that are complex in nature and in which further guidance is required or falls outside existing policies to the Senior Manager. Critical matters are immediately escalated to the Director, Investment Management Compliance.

Support the Compliance Team with day-to-day compliance functions and the development, evaluation, updating and administration of Compliance policies, training and reference materials, bulletins, systems, and manual processes for the Scotiabank Asset Management / Investment Management businesses, including 1832 US.

Ensure that compliance review procedures and monitoring, including monthly Account Manifold reviews, are conducted in a high quality, risk-based manner, and appropriate follow-up actions are taken. Other monitoring activities include monthly portfolio manager and account reconciliation, including reviewing states in which we are notice filed with the SEC.

Assist with the setup of new monitoring procedures, including for Form N-PX proxy monitoring.

Assist in identifying efficiencies and areas for improvement within the existing compliance program, testing of processes and controls and developing, maintaining and implementing changes to the firm’s compliance policies and procedures.

Assist with inquiries from Internal Audit and Compliance Testing.

Serve as a compliance resource and respond to compliance queries from Asset Management / Investment Management businesses.

Assist in reviewing new rules, interpretations, regulatory notices, and enforcement actions for impact to businesses.  Periodically conduct or assist in conducting gap analyses to help enhance the compliance program.

Participate in the training and education of staff as it relates to regulatory requirements and internal policies and procedures.

Work with the business to provide constructive input with regards to new initiatives such as product launches from a compliance perspective.

Assist with special compliance projects as required.

Assist with quarterly and annual risk assessment process, including determining applicable risks, cataloging existing controls, and determining inherent and residual risk ratings.

Assist with the Volcker Compliance program, including quarterly and yearly refreshes and reviews of legal entity attestations and desk operating procedures.

Help prepare materials in response to regulatory inquiries, examinations, and investigations, in addition to other standard regulatory filings.

Assist with the regular review of client facing documentation, such as new account documents and investor guides.

Maintain records of proof of completion of regulatory mailings, training, etc., for audit purposes.

Assist in identifying gaps in the existing compliance program and participate in developing, maintaining, and implementing changes to the firm's compliance practices, policies and procedures.

Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

Actively pursue 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, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct. 

Champion a high performance environment and contribute to an inclusive work environment.
 

 

What You’ll Bring 

 

5 years financial services compliance experience, preferably in a similar role.  Previous investment adviser / asset management experience a plus. Knowledge and understanding of financial advisory services, policies, procedures, and compliance processes. Familiarity with applicable regulations applicable to foreign banks conducting investment management in the US a plus. Capable of simultaneously handling multiple tasks and meeting stringent deadlines. Ability to organize and prioritize in a fast-paced environment with attention to accuracy and detail. Excellent oral and written communication skills. Ability to think strategically about the compliance function; has maintained relevant knowledge with proven success in responding to changing regulatory environment and business needs  Strategic, clear and confident communicator. Strategic Thinker and able to influence at the highest level  

 

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):  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.