Senior Manager, U.S. Regulatory Obligations Lead

 

 

 

Requisition ID: 247598

 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.

 

Global Banking and Markets 

 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

 

Purpose

 

The objective of this position is to ensure that the U.S. operations of The Bank of Nova Scotia, Scotia Capital (USA) Inc. and their affiliates (collectively the “Bank”) have appropriate internal controls (i.e., policies, procedures, processes) in place to satisfy applicable U.S. legal and regulatory requirements/obligations. The Senior Manager, U.S. Regulatory Obligations and Controls Lead in (i) the development of the U.S. Compliance Department’s processes for tracking legal and regulatory developments across various US financial services regulatory regimes, including Federal and State banking, commodity, securities and investment management laws, regulations and interpretations, (ii) working closely with the relevant compliance advisory team(s) to update the department’s inventory of obligations and controls, (iii) developing and maintaining an electronic database that will house regulatory obligations and risk-related controls, (iv) driving the regulatory change management function by assisting front, middle and back office functions in developing and maintaining appropriate regulatory risk-related controls, and (v) performing quality reviews of the processes within the U.S. Regulatory Controls Management team. 

 

What You'll Do

 

• Assist in the development and implementation of a global, cross-divisional framework for identifying and tracking legal & regulatory requirements/obligations, policies and procedures, and related internal controls. 
• Assist in the maintenance of the Regulatory Library that houses all regulatory requirements/obligations and risk-related controls applicable to the Bank’s US operations. Facilitate periodic review and attestation of subject matter experts relative to the Regulatory Library content. 
• Assist in developing and maintaining robust and comprehensive processes and procedure documents for (i) identifying legal and regulatory requirements/obligations applicable to the Bank’s US operations and (ii) tracking changes to such requirements/obligations, policies and procedures, and related internal controls arising from new or amended laws/regulations or changes in business activities. 
• Assist in the independent second line quality review processes geared towards a comprehensive regulatory library encompassing timely and accurate updates from the regulatory change management processes.   
• Interface with the Enterprise Team to develop processes and systems to map applicable legal & regulatory requirements/obligations to relevant policies and procedures and internal controls in accordance with U.S. regulatory expectations and business/control function needs. 
• Assist in integrating the Regulatory Library with the risk assessment process, including the logic, reports, and workflow as well as act as the liaison for the business line stakeholders to facilitate compliance review of control inventory.  
• Assist in developing comprehensive regulatory change management framework for identifying legal and regulatory devel