Senior Analyst, Volcker and Regulatory Programs - Toronto

Scotiabank • Toronto, ON

2d • Hybrid

About The Position

The Sr. Analyst, Volcker and Regulatory Programs contributes to the overall success of Global Operations by executing support and oversight to Local Sustainment Groups, ensuring full compliance, alignment, and consistency across BNS and International Banking. The Sr. Analyst, Volcker and Regulatory Programs also serves as the primary point of contact between Local Country Teams and Compliance and Enterprise Teams while driving and facilitating continuous improvement.

Requirements

• Recognized degree in business, finance or another related field
• Bachelor’s degree or equivalent with a minimum of 3 years of relevant experience in financial services industry, managing large complex projects with significant Retail and non-Retail Banking, Capital Markets, Regulatory and operational components.
• Good knowledge of banking, operational risk, regulatory risk, compliance and regulatory requirements and internal control principles as well as good understanding of products, transactions, trading and operations in Capital Markets, Treasury, and Corporate and Commercial Banking
• Experience dealing with control functions such as risk management, taxation, audit, compliance, operations, or related areas.
• Ability to gain confidence and cooperation of business units and 2nd line functions while still retaining the independence and willingness to point out weaknesses.
• Good communication and presentation skills are essential to explain regulations and internal policy and procedure.
• Maintains awareness of and actively engages in activities across all business lines. Understands regulatory perspective on risk.
• High-performance standards, confidentiality, integrity, timelines and efficiency must always be maintained.
• Fluency in Spanish is required

Responsibilities

• Maintains awareness of local and global regulatory compliance requirements (e.g., Volcker Rule, etc.), emerging issues and trends, as well as keeping all stakeholders informed.
• Acts as liaison between the Enterprise and IB Groups and promotes knowledge of applicable regulatory standards, initial risks and best industry practices in all Countries/Business Units.
• Facilitates and follows up on the implementation of regulatory compliance programs/controls, procedures, and standards in collaboration with the Local Sustainment Groups, Internal Control, 2nd Line, and Business Functions as needed. Ensures alignment of regulatory operations with company-wide policies.
• Reports gaps, follow up on the corresponding remediation action plan escalated by Local Operations Teams and provides advice and counsel.
• Coordinates and reports on the progress of periodic activities and reviews of existing policies and procedures to ensure accuracy, effectiveness and efficiency. Ensure that the periodic reports are executed adequately within the regulatory deadlines.
• Understands how the Bank’s risk appetite and culture should be considered in day-to-day activities and decisions.
• Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior