Purpose

Contributes to the overall success of the Global Compliance Trade Surveillance Department (“GCTS”) within Global Banking and Markets & Treasury (“GBM&T”) Compliance in Canada, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  The Compliance Officer (“CO”) is responsible for carrying out certain Tier 2 compliance activities for assigned internal business groups in accordance with global and local regulatory requirements as well as internal policies and procedures.

Accountabilities 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Conducts post-trade market related surveillance to adjudicate alerts within the sector(s) the CO is responsible for supporting and reviews securities trade transactions and identify any suspicious or high-risk activities. Alerts are generated by various surveillance systems and manual processes within the GBM&T Framework
• Supports the effective and efficient operation of GCTS responsibilities and provides back-up support within the team and on other projects as assigned.
• Assists in responding to regulatory requests for information and internal audit inquiries, responsibilities may include, but are not limited to, gathering documents and/or data extracts.
• Assist in the development and enhancement of procedures and processes of the surveillance program.
• Understands 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 his/her 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.
• Teamwork is essential for the adjudication and resolution of a variety of products and source system alerts. Strong “teamwork’ skills are essential.

Education/Experience

• Sound understanding of retail and institutional equity, fixed income and/or derivatives trading (options and futures at least), including knowledge of hedging and other trading strategies
• Post-Secondary education and/or professional designations
• Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course
• Minimum of 5 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 and compliance requirements
• Identify external market activity, news and additional factors that may influence trading activities
• An understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and UMIR, as well as a general understanding of Canadian provincial securities legislation
• Excellent oral and written communication skills
• Good MS Office & Programming skills would be an asset