Senior Compliance Officer, Asset Management Compliance

Scotiabank • Toronto, ON

2d • Onsite

About The Position

Asset Management Compliance supports 1832 Asset Management L.P. (“1832”). 1832 provides portfolio management services for Investment funds, Pooled funds, and Institutional clients. The Asset Management Compliance Department provides portfolio management and trading compliance oversight. The incumbent is instrumental in the development, implementation, and oversight of compliance policies, procedures, and controls for 1832. The incumbent will work closely with the Senior Manager, Asset Management Compliance to monitor the Asset Management Compliance Program and assist with special projects, as required.

Requirements

• Minimum 4 years’ experience in the financial services industry, preferably within a mutual fund company;
• College Diploma or University Degree;
• Key areas of regulatory knowledge include; National Instrument 81-102, National Instrument 81-107, National Instrument 31-103, National Instrument 33-101, Ontario Securities Act (Part XXI)
• Advanced knowledge of Excel is a must;
• Ability to work well both independently and in a team environment;
• Focused, results-oriented individual with the strong ability to multi-task and perform under pressure in a fast-paced environment;
• Excellent problem solving, analytical skills and a detailed oriented mindset;

Nice To Haves

• Knowledge in Charles River or similar investment management system is an asset
• Securities Industry Courses offered by CSI or Securities Industry Designations (CIM, CFA) are an asset;
• Experience in programming and coding compliance rules in Order Management system is an asset.

Responsibilities

• Work closely with members of Asset Management Compliance to oversee Asset Management’s compliance oversight function including but not limited to best execution, fair allocation, trading errors, derivatives trading activities gifts and entertainment, registration.
• Conducts appropriate inquiries and investigations in relation to any compliance breaches and ensures that appropriate corrective actions and/or risk mitigation actions are implemented in a timely manner or escalated.
• Develop and maintain a trusted advisor and commercial relationship with Senior Management and other stakeholders (such as Portfolio Manager, Traders, Legal, Operations and Product) through the delivery of consistent, timely, practical, and accurate guidance and advice to the business.
• The incumbent will use his/her analytical skills to conduct relevant research and arrive at conclusions and/or recommendations based on the exercise of good judgment on moderately complex decisions falling within standard policies; and escalate matters beyond existing policies.
• Assists in identifying gaps in the existing compliance program and participates in developing, maintaining, and implementing changes to the firm’s compliance policies and procedures.
• Maintains a high level of awareness of compliance related changes and developments in the securities industry through review of publications, participation in industry associations, employee development initiatives, etc.
• Assist Snr. Manager, Compliance to prepare reporting and conduct analysis for various committees and working groups that may include; Trade Management Oversight Committee, Conflict of Interest Committee and Independent Review Committee, the Trade Cost Analysis working group.
• Participate in special Compliance projects, as required and prepares and coordinates Compliance management reports.
• Other duties and projects as may be assigned from time to time.

What This Job Offers

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