Toronto Employment Platform

Senior Manager, Swap Dealer Compliance

Requisition ID: 105050Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.


In this role, you will be responsible for compliance and regulatory matters relating to the Bank’s Dodd-Frank Title VII obligations and assisting the BNS Swap Dealer Chief Compliance Officer in:
1) the business as usual execution of the CFTC Swap Dealer compliance program
2) advisory coverage of the Swap Dealer
3) the implementation of derivatives regulatory change
4) the remediation of gaps, deficiencies, or required enhancement to existing policies, processes, or procedures

Further, you will assist the Swap Dealer Compliance team with the implementation of Security Based Swap Dealer (SBSD) requirements.


Is this role right for you? You will be responsible for:

Providing advice on relevant regulations and internal policies and procedures to internal stakeholders, including trading and sales personnel and key support functions
Championing a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Providing training and education to make employees aware of their compliance responsibilities, including conducting formal and informal compliance training, creating training and educational materials (memoranda, presentations, bulletins)
Monitoring and identifying regulatory, compliance and industry developments through review of publications, participation in industry associations, dialogue with regulators, and interactions with counsel and auditors
Assisting the Swap Dealer Compliance team with the implementation of Security Based Swap Dealer (SBSD) requirements
Evaluating new products, programs, services and business initiatives to ensure compliance issues are identified and addressed and an appropriate Compliance program to support the initiative is implemented
Developing or participating in the development of new and enhanced Compliance policies, procedures, manuals and systems as the result of identified deficiencies, new or changed regulations and/or to enhance the overall effectiveness and efficiency of the Compliance function
Coordinating with central compliance groups, including Testing and Surveillance, to provide reasonable assurance that the firm is in compliance with applicable regulatory requirements and internal policies and procedures
Coordinating with internal stakeholders across the various line of defense with respect to compliance issues associated with derivatives (e.g., Front Office Control, Operations, Information Technology, Legal, etc.)
Investigating possible instances of non-compliance and escalate to appropriate teams/individuals
Assisting in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators, particularly the U.S. Securities and Exchange Commission (“SEC”), U.S. Commodity Futures Trading Commission (“CFTC”), and National Futures Association (“NFA”)
Understanding how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
Championing a high-performance environment and contributes to an inclusive work environment

Do you have the skills you need to succeed? We’d love to work with you, if you have:

College Degree or international equivalent
A J.D. degree (preferred but not required)
Experience with:
SEC, CFTC, SEC, and NFA swap dealer regulation
regulatory, compliance and legal requirements, related industry practices, and common issues in the OTC derivatives and swap dealer industries gained through relevant industry and professional experience and education
swap dealer business activities, operations, policies, procedures and systems

A well-developed ability to:
analyze regulations and determine the impact to the Bank
identify, research and define compliance requirements and develop appropriate policy/procedural recommendations
clearly and concisely draft internal and external communications, policies and procedures, trainings, bulletins, and other materials
clearly identify issues and communicate recommendations in order to provide senior management with a sound basis on which informed decisions can be made
interact with impacted personnel effectively, providing them with the information they require completely, promptly and accurately and in a manner that will enable them to accomplish their business goals and still protect the Firm


Location(s):  United States : New York : New York City Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  



We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and their differences and similarities are embraced. Learn more here.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.

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