Location: New York,NY, USA
Title: Senior Manager, Swap Dealer and Derivatives Compliance Requisition ID: 135781
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
This individual must contribute to the overall success of the Compliance Department by ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the Swap Dealer and Derivatives Compliance teams business strategies and objectives. This individual must ensure all activities are conducted in compliance with governing regulations, internal policies, and procedures.
This individual will be responsible for compliance and regulatory matters relating to the Banks Dodd-Frank Title VII obligations and assisting the BNS Swap Dealer and Security-Based Swap Dealer Chief Compliance Officer in:
- the business as usual execution of the CFTC Swap Dealer and SEC Security-Based Swap Dealer (SBSD) compliance program,
- advisory coverage of the global derivatives businesses,
- the implementation of derivatives regulatory change, and
- the remediation of gaps, deficiencies, or required enhancement to existing policies, processes, or procedures.
* Providing advice on relevant regulations and internal policies and procedures to internal stakeholders, including trading and sales personnel and key support functions.
* Championing a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
* Providing training and education to make employees aware of their compliance responsibilities, including conducting formal and informal compliance training, creating training and educational materials (memoranda, presentations, bulletins).
* Monitoring and identifying regulatory, compliance and industry developments through review of publications, participation in industry associations, dialogue with regulators, and interactions with counsel and auditors.
* Assisting the Swap Dealer and Derivatives Compliance team with the continued operationalization of SBSD requirements.
* Evaluating new products, programs, services and business initiatives to ensure compliance issues are identified and addressed and an appropriate Compliance program to support the initiative is implemented.
* Developing or participating in the development of new and enhanced Compliance policies, procedures, manuals and systems as the result of identified deficiencies, new or changed regulations and/or to enhance the overall effectiveness and efficiency of the Compliance function.
* Coordinating with central compliance groups, including Testing and Surveillance, to provide reasonable assurance that the firm is in compliance with applicable regulatory requirements and internal policies and procedures.
* Coordinating with internal stakeholders across the various line of defense with respect to compliance issues associated with derivatives (e.g., Front Office Control, Operations, Information Technology, Legal, etc.).
* Investigating possible instances of non-compliance and escalate to appropriate teams/individuals.
* Assisting in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators, particularly the U.S. Securities and Exchange Commission (SEC), U.S. Commodity Futures Trading Commission (CFTC), and National Futures Association (NFA).
* Understanding how the Banks risk appetite and risk culture should be considered in day-to-day activities and decisions.
* Championing a high-performance environment and contributes to an inclusive work environment.
* Requires an in-depth knowledge and comprehension of:
+ SEC, CFTC, SEC, and NFA swap dealer regulation;
+ regulatory, compliance and legal requirements, related industry practices, and common issues in the OTC derivatives and swap dealer industries gained through relevant industry and professional experience and education; and
+ swap dealer business activities, operations, policies, procedures and systems.
* This knowledge must be supplemented with a well-developed ability to:
+ analyze regulations and determine the impact to the Bank;
+ identify, research and define compliance requirements and develop appropriate policy/procedural recommendations;
+ clearly and concisely draft internal and external communications, policies and procedures, trainings, bulletins, and other materials;
+ clearly identify issues and communicate recommendations in order to provide senior management with a sound basis on which informed decisions can be made; and
+ interact with impacted personnel effectively, providing them with the information they require completely, promptly and accurately and in a manner that will enable them to accomplish their business goals and still protect the Firm.
* College Degree or international equivalent required.
* **J.D. degree preferred but not required**
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 . 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.