Compliance Manager - Regulatory Obligations and Risk Assessment, Swap Dealer

Scotiabank•Dallas, TX

1d•Onsite

About The Position

Contributing to the overall success of Swap Dealer and Derivatives Compliance, this role ensures that individual goals, plans, and initiatives are executed and delivered in support of the team’s business strategies and objectives. As a member of the Swap Dealer Compliance team, the incumbent supports the firm and the Chief Compliance Officer by providing day-to-day compliance guidance to relevant stakeholders. The role contributes to the ongoing development and enhancement of the Swap Dealer and Security-Based Swap Dealer Compliance programs and includes monitoring, oversight, and independent challenge of the firm’s execution of its regulatory responsibilities.The primary responsibilities of this position include providing advisory support on regulatory developments impacting the derivatives businesses, managing applicable swap dealer and derivatives compliance requirements, and executing program-related risk assessments. The role supports the Swap Dealer Compliance program and advises business lines on regulatory risks and controls, supporting the effective management of Scotiabank’s CFTC Swap Dealer, SEC Security-Based Swap Dealer, and futures regulatory obligations, including cross-border swaps and futures activities. Key responsibilities also include managing regulatory change and the swap dealer and derivatives regulatory library; mapping regulations, risks, and controls to applicable business lines; executing program-related risk assessments; and overseeing the monthly review of swap-related open issues.

Requirements

Bachelor’s degree required, with a minimum of three years of regulatory, compliance, and/or risk management experience.
Familiarity with applicable SEC, CFTC, and NFA rules, including requirements relevant to international banks conducting institutional trading and sales, investment banking, investment management, and commercial banking.
Experience reviewing policies and documenting controls that meet minimum standard requirements.
Ability to manage multiple projects simultaneously and re-prioritize workloads as necessary.
Strong analytical skills to understand project goals and translate them into meaningful action.
Strong analytical and investigative skills.
Ability to quickly review, assimilate, prioritize, and escalate issues to appropriate stakeholders.
Solid ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
Strong written and spoken communication abilities.
Excellent teamwork, interpersonal and conflict resolution skills.
Highly organized and capable of dealing with complex projects.
Bachelor’s degree (or international equivalent).

Nice To Haves

Knowledge in conducting Compliance Risk Assessments either as a subject matter expert providing ratings or as a member of a CRA team is a strong plus (but not required).
Ability to speak, read, and write Spanish is preferred.
Experience managing remote teams in a virtual environment is preferred.

Responsibilities

Manage and maintain a comprehensive regulatory obligations library for swap dealers, security-based swap dealers, and futures commission merchants, including extraterritorial mapping of obligations to businesses, products, and regions.
Advise the Internal Controls Inventory Team Leader when reviewing policies, procedures, and document controls designed to address regulatory requirements.
Partner with central compliance groups to manage and execute quarterly and annual risk assessments by providing subject matter expertise and governance.
Collaborate with the CRA team to provide 2A inputs to the compliance risk assessments (CRCA) for swap dealer, security-based swap dealer, and futures commission merchants.
Assist with unit-level CRCA and RCSA activities.
Contribute to the Swap Dealer Compliance programs by providing input on risk assessment areas of focus, known gaps, and emerging risks.
Identify and implement process improvements to streamline current practices, enhance swap dealer obligation data quality and reporting, and strengthen compliance risk and control assessments.