Requisition ID: 213751
Join 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
Leads and oversees daily supervisory controls and monitoring functions within GBM Internal Control. The Internal Control team plays an integral role in the effective operation and maintenance of Global Banking and Markets' (GBM) and Group Treasury's (GT) six OTC derivative rules' Program elements ("OTC scope") for the first line of defense (1b).

What You'll Do:

• Lead and drives a compliance focused culture from within Internal Controls and executions teams they support to ensure appropriate compliance with OTC derivative regulations globally.
• Participate in change and project management initiatives, providing leadership, coordination and management of various OTC Derivative regulatory initiatives, including reviews by various Bank regulators.
• Review and address immediate operational challenges, including working with key stakeholders in first and second line to enhance end to end processes, provide transparency and track program progress. Proactively address gaps in data sets produced.
• Assist risk owners in identifying, assessing, managing, monitoring, reporting, and responding to risks related regulatory data reporting and processes
• Oversee issue investigation and remediation activities as well as lead control enhancements related to policy breaches, operational process breakdowns, data gaps and regulatory non-compliance
• Develop regulatory control processes for managing and determining regulatory data related risks
• Manage regulatory issue management escalation framework
• Build, develop, enhance and support key controls focused on regulatory data
• Support OTC derivative regulatory requests and reporting
• Drive regulatory change that impacts current practices
• The incumbent must be a superior leader with excellent interpersonal, communication and negotiation skills to build consensus and obtain co-operation from the business, 1A execution teams, internal control groups, second line stakeholders and senior management. This, along with the incumbent's time management and organizational skills, will allow the incumbent to manage major projects while planning and scheduling resources accordingly.
• Take ownership for delivering internal (Board, Committee, Compliance, Audit) and regulatory controls reporting required for Internal Controls.
• The incumbent will be responsible for meeting multiple regulatory deadlines and driving regulatory reforms throughout the Bank. It is critical that the Bank meets these deadlines. Issues identified via these reviews must be escalated to senior management promptly.
• The incumbent will be required to work with multiple stakeholders internally across execution and operational functions, business lines, and regulatory professionals. Communication and making key links between areas will be critical to the person's success within this role.

What You'll Bring:

• At least 7 years of industry experience in the capital markets dealing with data remediation, data management and reporting issues. Knowledge of multiple capital market product areas and jurisdictions, supporting the operations of a financial institution is desirable.
• A background in the OTC derivatives regulatory regimes, or related regulatory controls based experience is desired.
• This role requires successful completion of the NFA Swaps Proficiency Requirements within 90 days of assuming the role.
• Expert knowledge of global derivatives regulations and sound understanding of the capital markets business product and processes are essential for success, as is a client-centric approach to the role. The international scope of the business, together with the multiplicity of stakeholders, will require work outside of traditional business hours from time to time.
• Excellent communication, organizational and project management skills are critical to the role. Interaction with internal and external contacts includes GBM senior management, trading and marketing desks, corporate bankers, legal counsel, clients and industry players. Effective presentation skills are essential.
• Must be able to operate effectively within an exceptionally time sensitive environment with changing priorities and tight time frames which are closely scrutinized by Senior/Executive Management.
• The position requires strong business acumen, sound judgment and critical thinking skills. The incumbent must be an action-oriented and self-motivated multi-tasker who possesses strong relationship management skills as the role requires.
• Proficiency with all Microsoft Office suite of products, including Excel and Powerpoint, Some experience using Visual Basic or other programming languages to automate manual / tactical tasks.

Work Arrangement:
This position is currently an on-site role, with the expectation that you will work at least 4 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 : 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.