Senior Manager, Bank Regulatory Compliance

Requisition ID: 260916

 Salary Range:  -  

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Purpose

Contributes to the overall success of the First Line and the Compliance Department  in both the U.S. and globally ensuring specific individual goals, plans, initiatives are executed  in support of the team’s business strategies and objectives.   Serves as compliance officer within the bank regulatory and treasury compliance programs of the U.S. operation of the Bank of Nova Scotia, which includes an New York State licensed agency, a Texas licensed branch operating in Texas, and Miami Florida and San Francisco licensed representative office. 

What You’ll Do 

• Leads and drives a customer-focused culture by working to assist the U.S. Legal Department and global business line Compliance teams in assuring investments and acquisitions by enterprise-wide business lines adhere to governing regulations and internal policies and procedures.
• Functions as part of a team coordinating the BNS’ bank regulatory and treasury compliance program for relevant U.S. activities of BNS’ banking offices in New York and Houston.
• Central point of contact for Bank Compliance in the BNS; Dallas representative Office
• Provides day-to-day strategic advice and guidance to front office and relevant control functions on the impact, risk and opportunities of the new and amended laws and banking and treasury regulations relating to BNS and its U.S. affiliates.
• Maintains Bank Regulatory Compliance control procedures and monitoring activities and provides cyclical updates to the Compliance reporting teams
• Designs, develops, delivers and maintains best-in-class programs, policies and practices consistent legislative and regulatory requirements/expectations, emerging trends and industry best practices.
• Oversees the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance relating to Investment Banking Compliance across all jurisdictions; drives a consistent and collaborative approach to KRIs, standards and regulatory change in all geographies. Analyzing and scoping the impact of new and complex regulatory and compliance developments across senior function/business/product, including cross-border impact.
• Maintain an awareness of new business initiatives and new products and services being introduced in the U.S. by BNS and its non-bank affiliates in order to ensure permissibility under existing legal and regulatory structure and that appropriate compliance controls and resources are in place prior to introduction of the new activities
• Participates where applicable in risk assessments, monitoring, surveillance, testing and mapping of regulatory requirements and controls associated with the U.S. bank and treasury compliance programs.
• Participating in industry groups and trade association working groups or other forums.
• Participating in initiatives and high-impact special project work streams with a results-driven focus to deliver solutions, including global implementations of new regulatory requirements.
• Accountable for the investigative process related to possible instances of non-compliance and ensures escalation to the appropriate teams/individuals for appropriate remediation or corrective actions as required.
• Assist with development of relevant U.S. bank regulatory and treasury compliance training program for front office personnel and relevant control personnel.
• Conducts day-to-day activities of the Bank Regulatory Compliance team in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout the Investment Banking Compliance team.  Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Actively pursues effective and efficient operations, 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, and conduct risk, including but not limited to responsibilities under the Operational Risk Management