Senior Manager, Compliance Testing Swap Dealer and Derivatives

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Requisition : 253472

Salary Range: -

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!

Contributes to the overall success of GBM&T Compliance Testing team and Swap Dealer and Derivatives Compliance 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 primary responsibility of this position is to support compliance testing for Scotiabank’s compliance of CFTC Swap Dealer, SEC Security Based Swap Dealer and Futures related regulations, including cross-border testing engagements covering swaps and futures activities. Members of the testing team will be assigned to conduct testing with respect to these business activities.

• Scope and execute compliance testing in order to assess compliance with legal, regulatory and internal firm policy requirements.
• Focus on the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.
• 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 Work papers documenting testing
• Assist 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.
• Maintain a customer focused culture to deepen client relationships and leverage broader relationships, systems and knowledge.
• Lead and manage designated GBM&T Compliance Testing Officers and be the initial point-of-contact for the execution of corresponding swap dealer testing engagements.
• Direct day-to-day activities in a manner consistent with the BNS’s risk culture and the relevant risk appetite statement and limits.
• Review and provide feedback on materials created by Compliance Testing Officers throughout all stages of testing engagements before the final draft supporting materials and testing report get submitted to the Head of GBM&T Compliance Testing, Director of Swap Dealer and Derivatives Compliance Operations & Swap Dealer CCO.
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