Senior Manager, Compliance Advisory, Europe

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

Purpose

Contributes to the overall success of GBM Europe Compliance in the UK ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

As a member of the Europe Compliance Advisory team, under the direction of the Director, Advisory Compliance Europe, provides primary advisory coverage for Capital Markets, Fixed Income, Currencies & Commodities, US/Canada regulatory impacts, OTC Derivatives regulatory frameworks (inclusive of clearing, margin and trade reporting) and Electronic trading.

Accountabilities

• Compliance advisory duties include acting as the key contact for Capital Markets and Global Wholesale Operations, on all Compliance related issues.
• Providing support for Group Treasury, Corporate & Investment Banking and Global Transaction Banking, when required.
• Partnering with support and control functions and working closely with the SIDAC Compliance Advisory team and other regional Compliance leads.
• Working closely with the US/Canada Compliance team as well as partnering with key US support and control functions, be responsible for the business as usual execution of European elements of Compliance programs relating to US activity (e.g. Swap Dealer, Volcker, 15a6).
• In conjunction with US colleagues, address the remediation of gaps, deficiencies, or required enhancement to existing policies, processes, or procedures and the business as usual execution of the relevant US regulation as it impacts activity carried out from the Bank’s European office.
• Provides business line management with regular updates on regulatory initiatives and compliance related issues impacting the business, investigating and managing issues through the consequence management process.
• Evaluates 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.
• This includes ensuring that all relevant compliance obligations and controls are mapped.
• Acts as delegate to the Director, Compliance Advisory Europe at relevant governance committees (including the Trade and Transaction Reporting Committee and New Initiative Approval Committee) and coordinating completion of the relevant New Initiative Risk Assessments and Operational Readiness Assessments.
• Lead in the creation and delivery of appropriate compliance training (and other awareness communications, for example Compliance Bulletins) for the business lines in cooperation with Group Compliance colleagues and outsourced Compliance Service Providers.
• Responsible for the management and implementation of UK regulatory change impacting the BNSL business lines, to include performing reviews and gap analysis against items of regulatory change (including regulations, legislation, guidelines, technical standards, etc.), clearly identifying any gaps and working with the business to address same.
• Lead on the delivery of assigned projects, in particular, any which impact coverage area.
• Lead the development, implementation and maintenance of appropriate compliance policies and procedures, provide sound regulatory advice, partner with the business lines and take a proactive role in driving forward new business initiatives.
• Partner with Business Risk Management to assist in the identification, assessment, monitoring and remediation of operational and other risks in Europe.
• Provide recommendations and suggestions to management on corrective or remedial measures to be taken and follow up.
• Responsible for providing advice and support, for the GBM business lines in London, in order to provide reasonable assurance that:
• The firm and its employees comply with applicable regulatory requirements and internal policies and procedures.
• The risk of reputational damage, regulatory sanction and discipline, client complaints and civil litigation is minimized.
• Actual and potential compliance violations and risk situations are proactively identified, investigated and resolved or escalated in an appropriate and timely manner.

Regulatory

• Remain current of UK, European and other relevant legislation and regulatory developments and support Compliance team with all aspects of the implementation of regulatory change initiatives relating to Europe.
• Partner with the Compliance team in keeping business line management, both locally and in Executive Office, up-to-date on relevant regulatory developments and advising on the associated impact, risks and opportunities these present for the businesses.
• Develop and maintain contacts with industry associations and other relevant bodies to ensure ongoing knowledge of industry responses to regulatory expectations.
• 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.
• Contributes to a high performance environment and fosters an inclusive work environment; supporting the vision/values/business strategy for the team.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Education / Experience

• Degree educated or equivalent.
• Relevant experience with at least 5 years operating in a complex, global bank covering capital markets business and post execution reporting.
• Understanding of risks and issues arising in relation to wholesale banking activities.
• In-depth understanding of the UK and European regulatory environment related to wholesale banking and strong knowledge of US regulations (e.g., SEC, CFTC, NFA and FINRA).
• Strong knowledge of Electronic Trading and/or risk management frameworks, automated and Algorithmic Trading including DEA.
• Proven ability to review and interpret regulation and legislation, completing detailed gap analyses and working with the business to address any gaps identified.
• Experience of multiple stakeholder management at mid to senior management level (C-Suite), including stakeholders from the business as well as third party organisations.
• Strong analytical skills and a keen eye for detail.
• Excellent written and verbal business communication skills with ability to present confidently to senior executives.
• Capable of simultaneously handling multiple tasks and meeting tight deadlines.
• Able to recognize and handle sensitive and confidential information.
• Self-motivated, confident and capable of working both independently and in a team environment.
• Advanced knowledge of MS Office and software tools as applied to the position.
• Superior planning, organizational and time-management skills.
• Results oriented and high achiever.
• Reliable, consistent and disciplined.
• High level of integrity.
• Tactful, diplomatic and politely persistent.

Location(s): England : Greater London : London (UK)

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.

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 during the recruitment and selection process, please let our Recruitment team know.

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.