Compliance Officer, Compliance Control Room, GBM&T Compliance, Canada

Scotiabank • Toronto, ON

8d • Onsite

About The Position

The Compliance Officer contributes to the overall success of the Global Control Room team, ensuring specific goals, plans and initiatives are delivered in support of the team’s business strategies and objectives, while ensuring that all activities are conducted in compliance with governing regulations, internal policies and procedures.

Requirements

• Post-secondary education and/or professional designations
• A minimum of 1-3 years of relevant experience in an institutional business or compliance setting in a large financial institution, established securities dealer or regulatory agency.
• Knowledge of industry practices regarding institutional compliance matters.
• Effective communication skills, both oral and written.
• An enquiring mind, sound judgment and a strategic thinker who can, when appropriate, be tactical and pragmatic.
• Ability to learn, adapt and remain resilient in a dynamic regulatory and business environment.
• Comfort with using Microsoft applications (including Word, Excel and PowerPoint) and Bloomberg would be an asset.
• Strong analytical skills.
• Capable of simultaneously handling multiple tasks and meeting stringent deadlines.
• Self-motivated, confident and capable of working both independently and in a team environment.
• High level of integrity.
• An understanding of the Investment Industry Regulatory Organization of Canada (IIROC) rules and FINRA rules is an asset, as is an understanding of Canadian securities and banking legislation.

Nice To Haves

• Comfort with using Microsoft applications (including Word, Excel and PowerPoint) and Bloomberg would be an asset.
• An understanding of the Investment Industry Regulatory Organization of Canada (IIROC) rules and FINRA rules is an asset, as is an understanding of Canadian securities and banking legislation.

Responsibilities

• Administering compliance programs with respect to the use of confidential and material non-public information (MNPI): list maintenance, wall crossing, conflict management, research disclosures, regulatory requests and securities aggregation.
• Manage and resolve conflicts of interest between various business groups including Investment Banking, Corporate Banking, Equity Capital Markets, Debt Capital Markets and Research, using trading/research restrictions and information boxes (as needed).
• Maintain and update deal records on all transactions submitted to the Global Control Room including amendments to watch/restricted lists using the most accurate information.
• Appropriately apply the Bank’s Information Barriers policy during the lifecycle of the deal, and in ad-hoc situations (i.e., wall crossings, deal tree separation, etc.).
• Review and pre-clear trade requests from relevant business groups including Equity Derivatives Trading, Prime Services, and Treasury/Pension Groups based on securities aggregation data and systems.
• Perform chaperoning duties by enforcing the Information Barrier rules and regulations to ensure the independence of Equity Research. Any interactions between Investment Banking and Equity Research will be facilitated using appropriately chaperoned emails, meetings and calls.
• Operate with the Bank’s risk appetite in mind to effectively manage the impact on Research. This includes reviewing notes prior to publication, prohibiting publication when necessary, conducting safe harbour analysis, and updating research disclosures on the Research platform.
• Assist in the preparation of responses to inquiries from regulatory bodies as they relate to Control Room functions.
• Assist the Control Room Management in the development of internal policies and procedures to enhance the effectiveness of program delivery and reflect changes in regulatory requirements.
• Collaborate with managers, business analysts, and developers to drive the delivery of new technology projects. Contribute to the delivery and implementation of new technology by facilitating and performing end-user testing, data validation and normalization, end-user procedures, aids and training materials, and consideration of all key aspects of the project.

Benefits

• A competitive compensation and comprehensive benefits plan.
• Meaningful development conversations that enable faster advancement and internal training to support your growth and development.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree