Senior Manager, Compliance Control Room

Requisition ID: 215776

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

Purpose

Leads and oversees the Canadian Control Room team in ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies and procedures.

Accountabilities

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Plays a key role in overseeing the day-to-day administration of compliance programs that relate to information barriers (which includes maintaining watch, restricted and tracking lists, facilitating wall crossings and managing business conflicts), supporting research, responding to regulatory requests, and securities aggregation (including proprietary trade pre-clearance).

• Performs a quality assurance function of Control Room tasks. Reviews will include the execution, accuracy and effectiveness of the daily additions and deletions of list entries, daily reviews including the user to list reviews, and any other tasks which requires oversight.

• Assesses and incorporates new technology for the Global Control Room processes, including liaising with internal development teams. Assists with incorporating Scotiabank’s digital transformation initiatives into Control Room program delivery, with a focus on increasing efficiency and effectiveness.

• Review issues escalated by the team as a result of their monitoring functions to identify key risk indicators and assess and test the adequacy of controls, identify non-compliance with compliance programs and make recommendations for and implement appropriate corrective action or process improvements.

• Leads and/or participates in the development of internal policies and procedures to enhance the effectiveness of program delivery and reflect changes in regulatory requirements.

• Acts as a subject matter expert andfields questions from employees (both in the Global Control Room and in the Business) on issues of interpretation with respect to the policies administered by the Global Control Room (for example, by assisting in determining the materiality of a transaction or whether a research or trading restriction should be imposed). Makes policy decisions within the strategic framework set by the Director. Maintains strong contacts to stay informed about current issues and practices within the industry.

• Works in close partnership with other groups at Scotiabank, including Global Investment Banking and Corporate Banking, Global Equity Research, Legal and the broader Compliance team.

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

• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance and conduct risk.

• Builds a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Education/Experience

• Post-Secondary education and/or professional designations.

• A minimum of 5 yearsof relevant experience in an institutional business or compliance setting in a large financial institution, established securities dealer or regulatory agency.

• Knowledge of industry practices regarding institutional compliance matters.

• Demonstrated ability to managed and mentor staff.

• Excellent written and verbal communication skills and a proven ability to lead and motivate individuals and teams to work together in a coordinated way.

• An enquiring mind, sound judgment and a strategic thinker who can, when appropriate, be tactical and pragmatic.

• Ability to learn, adapt and remain resilient in a dynamic regulatory and business environment.

• Strong project management skills with a proven track record ofsuccess with regulatory compliance and technology-based compliance projects.

• Strong analytical skills.

• Capable of simultaneously handling multiple tasks and meeting stringent deadlines.

• Self-motivated, confident and capable of working both independently and in a team environment.

• High level of integrity.

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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.