Senior Manager, Bank Regulatory Compliance

Scotiabank•Dallas, TX

1d•Onsite

About The Position

Contributes to the overall success of the First Line and the Compliance Department in both the U.S. and globally ensuring specific individual goals, plans, initiatives are executed in support of the team’s business strategies and objectives. Serves as compliance officer within the bank regulatory and treasury compliance programs of the U.S. operation of the Bank of Nova Scotia, which includes an New York State licensed agency, a Texas licensed branch operating in Texas, and Miami Florida and San Francisco licensed representative office.

Requirements

A minimum of 1 to 3 years of bank regulatory or treasury related experience and at least 3 years of compliance related experience.
Familiarity with applicable Federal and state laws and regulations relating to aspects of banking activities’ including deposit management, liquidity risk management, commercial lending, trade finance and cash management.
Familiarity with U.S. securities and commodities laws and regulations (particularly those applicable to primary dealers) would be helpful, but not required.
Strong organizational, communication (oral and written), and interpersonal skills required.
Excellent teamwork, interpersonal and conflict resolution skills.
Functional knowledge of Microsoft applications (including Word, Excel and Power Point).
Strong analytical and computer skills and a keen eye for detail.
Capable of simultaneously handling multiple tasks and meeting stringent deadlines.
College Degree required.
High level of integrity.

Nice To Haves

Post graduate degree (J.D. or MBA) preferred but not required.

Responsibilities

Leads and drives a customer-focused culture by working to assist the U.S. Legal Department and global business line Compliance teams in assuring investments and acquisitions by enterprise-wide business lines adhere to governing regulations and internal policies and procedures.
Functions as part of a team coordinating the BNS’ bank regulatory and treasury compliance program for relevant U.S. activities of BNS’ banking offices in New York and Houston.
Central point of contact for Bank Compliance in the BNS; Dallas representative Office
Provides day-to-day strategic advice and guidance to front office and relevant control functions on the impact, risk and opportunities of the new and amended laws and banking and treasury regulations relating to BNS and its U.S. affiliates.
Maintains Bank Regulatory Compliance control procedures and monitoring activities and provides cyclical updates to the Compliance reporting teams
Designs, develops, delivers and maintains best-in-class programs, policies and practices consistent legislative and regulatory requirements/expectations, emerging trends and industry best practices.
Oversees the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to Investment Banking Compliance across all jurisdictions; drives a consistent and collaborative approach to KRIs, standards and regulatory change in all geographies. Analyzing and scoping the impact of new and complex regulatory and compliance developments across senior function/business/product, including cross-border impact.
Maintain an awareness of new business initiatives and new products and services being introduced in the U.S. by BNS and its non-bank affiliates in order to ensure permissibility under existing legal and regulatory structure and that appropriate compliance controls and resources are in place prior to introduction of the new activities
Participates where applicable in risk assessments, monitoring, surveillance, testing and mapping of regulatory requirements and controls associated with the U.S. bank and treasury compliance programs.
Participating in industry groups and trade association working groups or other forums.
Participating in initiatives and high-impact special project work streams with a results-driven focus to deliver solutions, including global implementations of new regulatory requirements.
Accountable for the investigative process related to possible instances of non-compliance and ensures escalation to the appropriate teams/individuals for appropriate remediation or corrective actions as required.
Assist with development of relevant U.S. bank regulatory and treasury compliance training program for front office personnel and relevant control personnel.
Conducts day-to-day activities of the Bank Regulatory Compliance team in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout the Investment Banking Compliance team. Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Actively pursues effective and efficient operations, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework and the Guidelines for Business Conduct.
Other duties and projects as may be as needed
Understand how the Bank’s risk appetite and risk 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.