Senior Manager, Compliance Testing

Requisition ID: 200274

Salary Range: 110,700.00 - 211,800.00

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 GBM&T Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted in compliance with governing regulations, internal policies and procedures.

The U.S. Compliance Testing Program covers U.S. regulations applicable to all of Scotiabank’s U.S. broker-dealer, banking, investment management activities, corporate functions, and other financial services activities. The primary responsibility of this position is to support and lead compliance testing for Scotiabank’s U.S. operations specific to Branch reviews, Monitoring activities and other applicable FINRA related engagements.

What You’ll Do:

• Manage and support Compliance Testing & Monitoring reviews based upon the regulatory requirements, processes, policies, procedures to assess controls within the first and second lines of defense.

• Ability to oversee and execute on examinations of branch locations and FINRA related requirements.

• Understand the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.

• Support team in responding to regulatory inquiries, initiatives, audits and examinations.

• Lead Testing and Monitoring reviews through the planning/scoping, fieldwork and reporting phases.

• Escalate potential issues and exception items noted during the review process to senior management.

• Ensure that the stakeholders respond with appropriate action to address all draft recommendations and deficiencies noted during the fieldwork process.

• Perform required administrative responsibilities in support of testing, including but not limited to:

• Preparing and entering all issues and observations into central repository.

• Prepare and distribute testing reports to senior management detailing review findings and recommendations.

• Prepare Workpapers documenting testing with enough detail that a third party can reasonably understand.

• Provide assistance with the Team’s collective issues management and validation testing efforts.

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

• Review and provide feedback on materials created by U.S. Compliance Testing Officers throughout all stages of engagements before the final draft of supporting materials and testing report gets submitted to the Head of U.S. Compliance Testing.

• Build or perpetuate a “high performance” environment and implement a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment.

What You’ll Bring:

• A minimum of 10 years of compliance, audit or regulatory exam support experience with at least 5 years of which should involve testing or audit.

• A minimum of 5 years of experience specific to FINRA related regulations and branch examinations.

• Experience/background in compliance applicable to broker-dealer, institutional trading & sales, investment banking, commercial banking, investment management, and corporate functions within investment or commercial bank or institutional broker-dealer is preferred.

• Familiarity with applicable SEC, FINRA, Federal Reserve and state banking rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S.

• Strong attention to detail.

• Ability to communicate well across all levels of an organization.

• Strong ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.

• Strong written and verbal communication skills.

• Ability to work independently.

• Excellent teamwork, interpersonal and conflict resolution skills.

• Highly organized and capable of dealing with complex projects.

• Experience/background in managing a team of compliance testers with diverse skill sets.

• Experience managing remote teams in a virtual environment a plus.

Interested?

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, 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.