Compliance Manager - Regulatory Obligations and Risk Assessment, Swap Dealer

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Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank's strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Job Title:

Manager, Regulatory Obligation & Risk Assessment, Swap Dealer and Derivatives Compliance Job Level: 007

Department: GBM&T Compliance

Business Line:
Scotiabank Global Compliance

Purpose of Job:

Contributing to the overall success of Swap Dealer and Derivatives Compliance, this role ensures that individual goals, plans, and initiatives are executed and delivered in support of the team's business strategies and objectives. As a member of the Swap Dealer Compliance team, the incumbent supports the firm and the Chief Compliance Officer by providing day-to-day compliance guidance to relevant stakeholders. The role contributes to the ongoing development and enhancement of the Swap Dealer and Security-Based Swap Dealer Compliance programs and includes monitoring, oversight, and independent challenge of the firm's execution of its regulatory responsibilities.

The primary responsibilities of this position include providing advisory support on regulatory developments impacting the derivatives businesses, managing applicable swap dealer and derivatives compliance requirements, and executing program-related risk assessments. The role supports the Swap Dealer Compliance program and advises business lines on regulatory risks and controls, supporting the effective management of Scotiabank's CFTC Swap Dealer, SEC Security-Based Swap Dealer, and futures regulatory obligations, including cross-border swaps and futures activities.

Key responsibilities also include managing regulatory change and the swap dealer and derivatives regulatory library; mapping regulations, risks, and controls to applicable business lines; executing program-related risk assessments; and overseeing the monthly review of swap-related open issues.

Reporting Relationships:

Reports to:

Director, Swap Dealer and Derivatives Compliance, Compliance Operations

Supervises: N/A

Major Accountabilities:

* Manage and maintain a comprehensive regulatory obligations library for swap dealers, security-based swap dealers, and futures commission merchants, including extraterritorial mapping of obligations to businesses, products, and regions.

* Advise the Internal Controls Inventory Team Leader when reviewing policies, procedures, and document controls designed to address regulatory requirements.

* Partner with central compliance groups to manage and execute quarterly and annual risk assessments by providing subject matter expertise and governance. Collaborate with the CRA team to provide 2A inputs to the compliance risk assessments (CRCA) for swap dealer, security-based swap dealer, and futures commission merchants.

* Assist with unit-level CRCA and RCSA activities. Contribute to the Swap Dealer Compliance programs by providing input on risk assessment areas of focus, known gaps, and emerging risks.

* Identify and implement process improvements to streamline current practices, enhance swap dealer obligation data quality and reporting, and…