Manager, Compliance Testing

Scotiabank•Dallas, TX

About The Position

Contributes to the overall success of the GBM&T Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies and procedures. The primary responsibility of this position is to support compliance testing for Scotiabank’s U.S. operations. The U.S. Compliance Testing Program covers U.S. regulations applicable to all of Scotiabank’s U.S. broker-dealer (including internal inspections), banking, swap dealer, futures commission merchant, investment management activities, corporate functions, cross-border testing engagements and other financial services activities. Members of the testing team may be assigned to conduct testing with respect to these business activities.

Requirements

A minimum of 5 years of compliance, audit or regulatory exam support experience with at least 3 of which should involve compliance testing or audit.
Familiarity with applicable SEC, FINRA, CFTC, NFA, Federal Reserve and state banking rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S.
Strong attention to detail.
Ability to communicate well across all levels of an organization.
Strong ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
Strong written and verbal communication skills.
Ability to work independently.
Excellent teamwork, interpersonal and conflict resolution skills.
Highly organized and capable of dealing with complex projects.
BA or international equivalent.

Nice To Haves

Experience/background in compliance applicable to broker-dealer internal inspections, institutional trading & sales, investment banking, futures commission merchant, swap dealer activities, commercial banking, investment management, and corporate functions within investment or commercial bank or institutional broker-dealer is preferred.

Responsibilities

Support Compliance Testing Program in conducting reviews based upon the regulatory requirements, processes, policies, procedures to assess controls within the first and second lines of defense.
Understand the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.
Assist team in responding to regulatory inquiries, initiatives, audits and examinations.
Support reviews through the planning/scoping, fieldwork and reporting phases.
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 Workpapers documenting testing with enough detail that a third party can reasonably understand.
Provide assistance 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.
Building and managing relationships with stakeholders across the business and peers within compliance.