Purpose

The objective of the Senior Compliance Officer (SCO) is to directly conduct capital markets trading related surveillance, monitoring and support for the Global Banking and Markets & Treasury ("GBM&T") business division of Scotiabank. The Senior Compliance Officer ("SCO") is responsible for carrying out certain Tier 2 compliance activities for assigned internal business groups in accordance with regulatory requirements (in particular those established by securities regulations and Self-Regulatory Organizations as well as internal policies and procedures.

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Conduct post-trade market related surveillance to address alerts. Analyze and address alerts using the SMARTS and other surveillance applications. Identify and investigate any potential exchange / marketplace and regulatory rule violations by clients and/or traders.
• Generates reporting of trade surveillance activities for specific GBM&T business lines, business divisions of Scotia Capital Inc ("SCI") and/or products, as required for delivery to business division senior management, supervisors and senior management within Global Compliance in a timely manner and without delay.
• Acts independently, conducting research and performing analyses on regulatory or marketplace inquiries, investigations and/or examinations; including internal matters escalated to Trade Surveillance to recommend solutions and actions to take; based on exercising good judgment on moderately complex decisions falling within standard policies and to escalate matters beyond existing policies.
• Develops and delivers annual, periodic and ad hoc compliance and related risk management training, education and awareness initiatives to the appropriate internal stakeholders and business divisions.
• Supports effectiveness testing of business supervision related processes and controls, including identification of gaps in the existing trade surveillance processes.
• Assist in the development and enhancement of procedures and processes of the surveillance program.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Assist and provide guidance when responding to regulatory and internal audit inquiries, which includes gathering documents and/or data extracts.
• Assist in conducting effectiveness testing of supervision related processes and controls.
• Assist other team members, provide back-up support and guidance within the team and other projects as assigned. Accustomed to working in a collaborative team environment and contributes to the overall effectiveness of the Trade Surveillance Program.
• Actively pursues effective and efficient operations of his/her respective areas, 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, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champions a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vision/values/business strategy and managing succession and development planning for the team.

Education/Experience

• Sound understanding of retail and institutional Equities, and/or Listed Derivatives trading, including knowledge of hedging and other trading strategies.
• Post-Secondary education and/or professional designations.
• Securities licenses, Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course, DFOL, DFC or equivalent preferred.
• Minimum of 5-7 years of related experience at a financial institution and/or regulated securities dealer.
• Able to work independently and with other staff across functional lines within the Bank.
• In-depth knowledge of regulatory (UMIR/MX) and compliance requirements.
• Identify external market activity, news and additional factors that may influence trading activities.
• A comprehensive understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and Universal Market Integrity Rules, Montreal Exchange Rules, Financial Industry Regulatory Authority (FINRA) rules, as well as a sound understanding of Canadian provincial securities legislation applicable to trading activities and capital markets, Dodd-Frank Act, Volcker Rule and MiFID II or MAR.
• Proficiency in advanced excel macros, custom coding and desktop tool building capabilities.
• Fluent verbal and written communication skills.
• Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
• Sound judgment in identifying risks in order to proactively escalate with relevant senior management.