Director, SCUSA CCO, Head of Broker Dealer & Corporate Functions Compliance

 

 

 

Requisition ID: 199204

 Salary Range: 174,700.00 - 286,000.00 

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:

 

Acts as the Chief Compliance Officer for the U.S. broker dealer and Head of Corporate Functions Compliance, The role will lead and oversee the Markets Compliance and Corporate  Functions Compliance teams in the United States. The Markets Compliance team provides compliance support to trading and sales businesses to ensure business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, and internal policies and procedures. The Corporate Functions Compliance team ensures Scotiabank’s U.S. Operations are complying with applicable laws, regulations, SRO rules and have appropriate policies, procedures and controls relating to such requirements.

 

What You’ll Do:

 

• Leads and drives a customer-focused culture by providing advice and compliance support to the U.S. trading and sales businesses which assists the businesses in delivering products and services in compliance with governing regulations and internal policies and procedures. 
• Performs the duties of a Chief Compliance Officer, as required by FINRA and SEC rules and is primarily responsible for the preparation of the SCUSA Annual Compliance and Supervisory Processes Report. 
• Manages compliance coverage for U.S. sales and trading businesses, including the BNS NYA primary dealer and government securities dealer, and support for conduct and complaints coordination.   
• Oversee the Compliance programs supporting the US Corporate Functions, including but not limited to: Employee Compliance Program; Operations; Finance; Human Resources; and Legal.
• Assist with reviews and investigations of potential violations or breaches of applicable laws, regulation or internal policies involving corporate functions, including assisting with the identification of root causes and the development and implementation of remediation plans.
• Works collaboratively with key stakeholders, including other Compliance functions, Internal Control, Regulatory Relations, Legal, Risk Management, and AML Compliance.
• Informs and advises business line management on an ongoing basis on the impact, risks, and opportunities of significant new and amended laws and regulations.  
• Oversees the development and implementation of compliance policies, procedures, and internal controls consistent with legislative and regulatory requirements/expectations, emerging trends, and industry best practices.  
• Oversees the development and delivery of effective in-person and computer-based compliance training for front office staff in trading and sales on relevant legal, regulatory and compliance issues. 
• Oversees support provided by the Markets Compliance and Corporate Functions Compliance teams for the new business initiatives review process, the compliance risk assessment program, the Regulatory Library initiative, review and response to Internal Audit and Compliance Testing findings, the Conduct Risk program, responses to regulatory inquiries and examinations, and the U.S. supervisory framework.
• Participates on the U.S. Compliance Risk Committee in the active oversight of the U.S. Compliance program and a Compliance representative in other governance forums, inc