Manager, Regulatory Obligation & Risk Assessment, Swap Dealer and Derivatives Compliance

About the position

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

Responsibilities

• Manage and maintain a comprehensive regulatory obligations library for swap dealers, security-based swap dealers, and Futures Commission Merchants.
• Advise Internal Controls Inventory Team Leader in reviewing policies, procedures, and document controls designed to address regulatory requirements.
• Collaborate with the CRA team to conduct compliance risk assessments of various U.S. entities, including SMBC's broker-dealer, swap dealer, and bank branches.
• Analyze CRA results to identify key control gaps and work with relevant stakeholders to design management action plans to address these gaps.
• Partner with central compliance groups to manage and execute quarterly and annual risk assessments by providing subject matter expertise and governance.
• Contribute to the Swap Dealer Compliance Programs by providing input on risk assessment areas of focus, known gaps, and emerging risks.
• Identify and implement processes to streamline current practices, enhance swap dealer obligation data quality and reporting, and drive compliance risk and control assessments.

Requirements

• Bachelor's Degree required; minimum of 3 years of prior regulatory, compliance, and/or risk management experience.
• Familiarity with applicable SEC, CFTC, NFA, rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking.
• Experience in reviewing policies and documenting controls that meet minimum standard requirements.
• Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary.
• Strong analytical skills to understand project goals and interpret them into meaningful action.
• Strong analytical and investigative skills.
• Solid ability to quickly review, assimilate, prioritize and escalate issues to appropriate stakeholders.
• Solid ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
• Strong written and spoken communication abilities.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with complex projects.
• BA or international equivalent.

Nice-to-haves

• Knowledge in conducting Compliance Risk Assessments either as a subject matter expert providing ratings or as a member of a CRA team is a strong plus.
• Ability to speak, read and write in Spanish a plus.
• Experience managing remote teams in a virtual environment a plus.

Benefits

• Flexible benefit programs designed to help support unique family, financial, physical, mental, and social health needs.