Associate, Trade Floor Supervision - eComm, Operational Risk Oversight

Associate, Trade Floor Supervision - eComm, Operational Risk Oversight - Toronto, ON

Requisition

Join a purpose driven winning team, committed to results, in an inclusive and high‑performing culture.

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full‑service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia‑Pacific.

More specifically, GBM provides clients with corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

Trade Floor Supervision (TFS) is mandated to reduce the regulatory, reputational, and operational risks associated to the sales and trading function on a global basis. This is accomplished by monitoring daily, weekly, and monthly trading of equity, fixed income and derivative products on behalf of the desk heads and following up directly with traders and sales personnel. TFS acts as liaison between desk heads and compliance and provides support for the compliance functions locally.

The Associate, TFS will monitor communications on Monitored Employees to ensure compliance against governing regulations, internal policies, and procedures.

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• The incumbent works in a team environment with specified duties which relate to monitoring and investigating all types of communications generated on monitored employees in GBM and Group Treasury.
• The primary role of the position is to detect possible regulatory, trading policy or human resources issues that could be embedded in a communication, whether written (electronic) or oral (tapped lines).
• This position works closely with the Associate Director, Communications Surveillance, of Trade Floor Supervision; and may also need to interact, from time to time, with the senior management of Group Treasury and GBM globally.
• The incumbent must be able to manage a review of large number of communications against a significant number of policies that affect the businesses globally, as well as verifying details of communications (i.e. has understanding of the content) and determining accuracy (investigate using public sources).
• 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 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 contributes to an inclusive work environment.

• Experience working in Capital Markets to understand the lingo used in sales and trading environments is required.
• University degree in Business, Economics or related subject matter.
• Knowledge of securities laws, regulations and trading rules.
• Must be able to use judgment in managing highly sensitive information and/or situations.
• Must be highly organized and be able to keep detailed lists and records to demonstrate compliance with the various Scotiabank policies.
• Thorough analytical skills required to work with the various programs and information to ensure completeness of a communication.
• Ability to write procedures and prepare concise reports.
• Must be discreet given the confidential nature of the…