Associate, Governance And Controls, Internal Controls - Toronto

Requisition ID: 194011
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

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

Contribute to GBM Internal Control mandate by ensuring business strategies, plans and initiatives are executed / delivered in compliance with governing regulations, internal policies, and procedures

What You'll Do:

• Contributes a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• As Associate, GBM Internal Control, provide regulatory and business subject matter expertise and be a change facilitator for the GBM business globally with a focus on first line of defense activity largely in relation to the Volcker Rule and Fundamental Review of the Trading Book (FRTB) though also covering other regulation on as needed basis.
• This role's focus also includes responsibility ensuring for the Volcker and FRTB Internal Controls library is sufficiently developed, as per the scope of our mandate, documented and maintained to ensure compliance with regulatory requirements, design and operational effectiveness.
• Accountable for effective collaborating in the reporting to senior leaders through support of the VOC Volcker and other oversight committees, if applicable. Specifically, supporting meeting administration responsibilities such as preparation and coordination of meeting agenda and materials, tracking action items and perpetration of meeting minutes.
• When required, deliver updates directly to the Volker Oversight Committee (VOC) on the status of the GBM's Volcker program and progress of change management initiatives.
• Responsible for coordinating change management activities, provide timely turnaround on desk queries, orchestrate key reference data changes (as per group ownership), and develop strong relationships, all delivered using high level communication skills.
• Responsible for collaborating in the developing and preparation of business-related responses to queries from Compliance and Internal Audit in relation to Volcker and FRTB regulations and audit engagement matters. Specifically, the coordination of Audit issue remediation and quality control of Audit evidence packages.
• Contribute to advisory and training efforts to the business, developing and managing the communication strategies, ensure the ongoing alignment of the business and stakeholders to the regulatory requirements and working with Legal and Compliance to provide timely rule interpretation and advice.
• Recalibrate Market Making Inventory threshold and annual review of Customer Facing Trading Ratio and Inventory Ageing metrics.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank's Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  

What You'll Bring

• Minimum of a bachelor's degree in business, related field, or equivalent experience
• 4 or more years of experience in the financial industry or similar environment
• Strong analytical skills and ability to work with large quantities of data research and organize results.
• Ability to work with multiple stakeholders to execute projects.
• Medium to Advanced user capabilities in Excel, Access, and other Microsoft Office applications
• Knowledge of key current rules and regulations governing banking institutions, specifically in the Capital Markets business
• Capital market products knowledge is an asset.

Work Arrangement:

This position is currently a Hybrid role, with the expectation that you will work 3 days a week in the office. Please note that this is subject to change based on the needs of the business.

#LI-Hybrid

Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): Canada : Ontario : Toronto
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.