Associate, Regulatory Trade Controls & Advisory, Internal Control, GBM – Toronto

Job title:

Associate, Regulatory Trade Controls & Advisory, Internal Control, GBM – Toronto

Company

Scotiabank

Job description

Requisition ID: 216530Join 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!Purpose
Assist with the design and execution control processes with input from the GBM business lines (Line 1A) and the second lines of defense (e.g. GBM&T Compliance), thereby contributing to the overall success of the first line of defense in managing operational risks inherent in the businesses.The Regulatory Trade Controls & Advisory (RTCA) group within the GBM Internal Control group operates as the Bank’s center of excellence in the first line of defense for ensuring compliance with G20 regulations including Derivatives regulations in Canada, United States, Europe, and Asia Pacific Derivatives regimes, collectively referred to as the OTC Derivatives Regulations. The Associate will support the Associate Director on the ongoing compliance efforts and ensure that initiatives are completed as requested by the senior management of Global Capital Markets pursuant to the deadlines for compliance set by prudential and market regulators. The job will expose the incumbent to all aspects of the derivatives, foreign exchange, commodities, fixed income, and equity businesses of Global Capital Markets, and to all key stakeholders in the front, middle and back office including control and support units, Compliance, Finance, Legal, Audit and Global Risk Management.What You’ll Do:

• Lead and drive a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Participate with the team in working with the business lines and internal stakeholders in understanding the regulatory framework and developing systems and processes to ensure compliance
• Design controls and execute monitoring to ensure compliance with regulatory requirements
• Challenge management controls and identify gaps and issues with the existing control program and work with stakeholders to remediate
• Represent Internal Control in change management initiatives as a stakeholder and ensure timely delivery of assigned tasks
• Ensure business line input is provided to bridge the gap between rule requirements and current business line practices
• Assist in the preparation of presentation materials, and progress reports sent to stakeholders, including senior management. Attend program meetings and serve as the program secretary when required
• Maintain databases and internal tools used for tracking progress, regulatory developments, audit and documentation
• Conduct research, summarize requirements and manage one-off projects / or sub-projects when required
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

What You’ll Bring:

• University degree in business, finance, and/or relevant experience
• Prior experience and familiarity with derivatives products
• Minimum 3 years’ experience working in capital markets, preferably in regulatory role
• Considerable initiative, creativity and good judgment are necessary. A high level of energy, commitment and a strong sense of teamwork are needed to succeed in the role
• Intermediate to Advanced user capabilities in Excel, Word, PowerPoint, Power BI
• Attention to detail and organizational skills
• This role requires successful completion of the NFA Swaps Proficiency Requirements within 90 days of assuming the role
• Ability to work on multiple initiatives at the same time and identify synergies across multiple regulatory requiremen

Work Arrangement
This position is currently a hybrid role, with the expectation that you will work at least 3 days a week in the office. Please note that this is subject to change based on the needs of the business.Interested?If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply – you might be the right candidate for this or other roles at Scotiabank!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): Canada : Ontario : TorontoScotiabank 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.

Expected salary

Location

Toronto, ON

Job date

Thu, 06 Feb 2025 07:14:25 GMT

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