Compliance Officer, Global Banking & Markets, US Compliance

 

 

 

Requisition ID: 222945

 Salary Range: 153,000.00 - 256,275.00 

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.

 

Compliance Officer - Global Banking & Markets - US Compliance - Tampa, FL

 

Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us.

 

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

 

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

 

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

 

Purpose

The Compliance Officer will serve as the primary point of contact for BNS’ Tampa Administrative Office (TAO) as well as support the Global Transaction Banking (GTB) business operating from that office. The role is also intended to support GTB Compliance efforts in BNS’ New York Agency (NYA) and Houston Branch (HB).

 

Accountabilities 

• Act as subject matter expert on applicable Federal Reserve Bank (FRB) and Florida laws, rules and regulations, and internal policies and procedures that impact the TAO and GTB business. Provide guidance where applicable on operational guidelines (NACHA, Fedwire) impacting the GTB business.
• Lead the Compliance Program for the TAO which is designed to ensure adherence to the limitations on business activities of that office. Work with the front office, corporate functions and control partners to maintain the program as business activities, best practices, or the regulatory environment evolves.
• Design and execute Written Compliance Procedures to monitor compliance with requirements specific to the GTB business as applicable.
• Provide day-to-day strategic advice and guidance to front office, corporate functions, and relevant control partners on the impact of existing, revised, and evolving regulatory and policy obligations affecting the GTB business.
• Design, develop, deliver, and maintain best-in-class Compliance programs and policies consistent with legislative and regulatory requirements/expectations, emerging trends, and industry best practices.
• Oversee the monitoring and identification of regulatory developments, including enforcement actions, and new laws, regulations, rules, and interpretations or guidance impacting the TAO and GTB business. Analyze and scope the impact of new and complex regulatory and Compliance developments. 
• Review and assess the impact of new business initiatives impacting the TAO or GTB business.
• Provide effective challenge of the Compliance Risk Assessment process for the TAO and GTB business.
• Provide Compliance support for Compliance Testing, Audits, Regulatory Exams, and inquiries for the TAO and GTB business.
• Liaise with internal stakeholders and GTB management to ensure that regulatory notifications/filings are made to account for changes in senior management or business activities associated with the TAO.
• Function as a voting member of the TAO Oversight Committee.
• Accountable for the investigative process related to possible instances of non-compliance and ensures escalation to the appropriate stakeholders for appropriate remediation or corrective actions as required.
• Assist with development of the TAO and GTB training program for relevant front office and corporate function personnel. Includes participation in the annual training needs assessment process, as well as delivery of live Compliance training (new hire, annual and ad-hoc) for the TAO and GTB business.
• Contribute to the development of Compliance related Management Information (MI) for the TAO Oversight Committee an