Senior Manager, U.S. Compliance Risk Assessment

 

 

 

Requisition ID: 188030

 Salary Range: 106,400.00 - 203,600.00 

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.

 

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:

Contributes to the overall success of the GBM&T Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies and procedures.
The objective of this position is to assist in the implementation of the U.S. Compliance Risk and Control Assessment (“CRCA”). The Lead will assist the Head of US Regulatory Controls Management in (i) implementing and enforcing CRCA related policies and procedures; (ii) supporting business and corporate function units in executing the CRCA as prescribed by governance documents; (iii) supporting business and corporate function units with devising action plans for areas with elevated compliance risk; (iv) coordinating and editing an annual qualitative report on the risk assessment results; and (v) supporting quality assurance of the CRCA . The role will entail substantial coordination with various business units, control functions and other teams within the Compliance function.
 

What You’ll Do:

 

• Assist in the independent second line risk assessment process, themed reviews and ad-hoc reviews of procedures, business and compliance processes to identify and escalate potential gaps in adherence to applicable laws, regulations, regulatory guidance and Bank policy. 
• Assist in identifying enhancements to risk assessment logic, reports, and workflow through data analysis, and define requirements, new and enhanced workflow processes, and procedures that enhance the controls/quality of the risk assessment program.
• Complete risk assessment quality assurance and/or other reviews in a timely manner and prepare report of results including rationales of risk assessment.
• Assist in developing a comprehensive regulatory change management framework for identifying legal and regulatory developments and changes to related policies and procedures and internal controls that may impact the Firm’s U.S. operations and coordinate change management processes to address such developments.    
• Maintain strong relationships with key stakeholders, including Compliance Advisory, Internal Audit, Operational Risk, and the relevant business areas to ensure their inputs are obtained and included in the risk assessment process.
• Maintain an awareness of and monitor the regulatory environment for new and emerging legislation, policy statements, relevant trends and industry best practices and determine how they impact related controls.
• Other duties and projects as may be assigned from time to time.
• Assist in maintaining an effective management reporting structure and program, including procedures, methodologies, and rationales, to ensure compliance with relevant management reporting regulation.
• Proactively seek current and anticipated regulatory framework and requirements to enable timely action in response to emerging regulatory issues to prepare on a timely basis to meet ongoing regulatory requirements.
• Maintain an awareness of the regulatory environment for new and emerging legislation, policy statements, relevant tren