Compliance Officer, Control Room

Requisition ID: 209181

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

Purpose

Contributes to the overall success of the Global Control Room Compliance Program by maintaining Information Barriers to safeguard sensitive, confidential, and material non-public information within the Bank. Ensuring all activities conducted are in compliance with governing regulations, internal policies, and procedures.

Accountabilities

• Manages and resolves conflicts of interests between various business groups (such as: Investment Banking, Corporate Banking, Equity Capital Markets Debt Capital Markets and Research), by using trading/research restrictions and information boxes (as needed).

• Maintains deal records which allows the team to make amendments to watch/restricted lists using the most accurate information.

• Appropriately applies the Bank's Information Barriers policy during the lifecycle of the deal, and in ad-hoc situations (i.e., wall crossings, deal tree separation, etc).

• Reviews and pre-clears trade request from relevant business groups (such as: Equity Derivatives Trading, Prime Services, and Treasury/Pension Groups) based on securities aggregation data and systems.

• Ensuring the independence of research through facilitating appropriate communication between Banking and Research through the use of chaperoned: emails, meetings, and calls.

• Operating with the Bank's risk appetite in mind to effectively manage the impact on Research. This includes: reviewing notes prior to publication, prohibiting publication when necessary, conducting safe harbour analysis, and updating research disclosures on Blue matrix.

• Reviews institutional, and personal trades against the watchlist, restricted lists, and published research, acting as a second check for potential insider trading. Issues escalated where appropriate.

• Regulatory Requests: Assists in preparing responses to inquiries from regulatory bodies as they relate to Control Room functions.

• Policy Development: Assists Management in the development of internal policies and procedures to enhance the effectiveness of program delivery and reflect changes in regulatory requirements.

• Technology: Collaborate with managers, business analysts, and developers to drive the delivery of new technology projects. Contribute to the delivery and implementation of new technology by facilitating and performing end user testing, data validation and normalization, end user procedures, aides and training materials and consideration of all key aspects of the project.

Education/Experience

• Post-Secondary education and/or professional designations

• 1-3 years of related experience at a major financial institution

• Knowledge of regulatory and compliance requirements and issues in the Global Banking and Markets business lines and the securities industry would be an asset

• Knowledge of industry practices regarding institutional compliance matters would be an asset

• Effective communication skills both oral and written

• The following would be an asset:

  • Conducts and Practices Handbook

  • Derivatives Fundamental Course

  • Trader's Training Course

  • Bloomberg

• Comfort with using Microsoft applications (including Word, Excel and Power Point)

• Familiarity with the internet and related applications as tools for conducting compliance related research

• An understanding of the Scotiabank organizational structure, risk management structure, operational procedures and the business activities, products and services offered by the business units would be an asset.

• An understanding of the Investment Industry Regulatory Organization of Canada (IIROC) rules and FINRA rules is an asset as is an understanding of Canadian securities and banking legislation

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.