Assistant Manager - Regulatory Operations Control (GWO)

Scotiabank; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading financial institution in Toronto seeks an Assistant Manager for Regulatory Operations Control. This role focuses on driving effective regulatory controls across various regulations. The successful candidate will monitor and manage disputes and liaise with key stakeholders for effective solutions. A Business/Finance degree and significant experience in the Capital Markets environment are required. The position offers a rewarding career path, competitive benefits, and an inclusive workplace culture.

Benefits

Competitive rewards program

Flexible vacation

Comprehensive benefits starting on the first day

Qualifications

• Experience executing daily monitoring controls.
• Ability to manage valuation/collateral disputes.
• Competency in preparing regulatory audit materials.

Responsibilities

• Drive an efficient Regulatory Control function.
• Execute daily and periodic monitoring controls.
• Provide support during internal audits and regulatory queries.

Skills

Business/ Finance degree or equivalent

2+ years of experience in a Capital Markets environment

Solid understanding of the Bank's other areas

Strong MS Excel skills

Relationship building competencies

Analytic and problem-solving capability

Very good presentation and written communications skills

Prior operations or management/project experience

Education

Business/ Finance degree or equivalent

Tools

MS Excel

PowerBI

Job description

Title: Assistant Manager - Regulatory Operations Control (GWO)

Requisition ID: 244753

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

The Role

The Assistant Manager is responsible for helping to drive an efficient and effective Regulatory Control function within Global Wholesale Operations with a focus on regulations including but not limited to CFTC, EMIR, SEC and MAS, valuation, and collateral management. The Assistant Manager will execute daily and periodic monitoring controls, resolve valuation/collateral disputes and help design end-to-end solutions for regulatory issues, gaps and process enhancements.

Is this role right for you? In this role, you will:

• Develop and maintain an in-depth understanding of a variety of regulations which include but are not limited to CFTC, EMIR and SEC including subject matter expertise of the derivative product life cycle, valuation, and collateral management.
• Execute daily and periodic monitoring controls relating to Delivery of Daily Marks, Valuation Reconciliation, Collateral Disputes, and similar controls.
• Manage the end-to-end resolution of valuation/collateral disputes observed with counterparties. Manage resolution through identification, investigation, escalation to resolution, recordkeeping, and management reporting.
• Provide support during management ad hoc requests, internal audit, or testing engagements, and assist with preparation for regulatory audits or queries.
• Liaise with Traders, Technology, Internal Control, Compliance, and other relevant stakeholders to identify, prioritize and solution regulatory issues, gaps, and enhancements with focus on automating manual processes. Responsibilities will include building business requirements, test scenarios, UAT, and providing process expertise.
• Assist with developing materials, such as committee presentations and incident reports. Support at least one oversight committee through co-ordination, preparing meeting agendas and producing minutes.
• Responsible for monitoring the completeness, accuracy, and timeliness regulatory reporting in accordance with Standard Operating Procedures.
• Ensure accurate record keeping and retention.
• Contribute to maintenance of documentation of all processes and procedures relating to Reconciliation controls.

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Business/ Finance degree or equivalent
• 2+ years of experience in in a Capital Markets environment
• Solid understanding and familiarity with other areas of the Bank, including Technology, Risk Management, Compliance, Audit, etc.
• Strong MS Excel skills is required and PowerBI knowledge is seen a strong nice to have
• Strong relationship building competencies to build/maintain productive relationships with key stakeholders and members of the project team.
• Expert curiosity, analytic and problem-solving capability under time pressure
• Very good presentation and written communications skills
• Prior operations experience, or project experience in a management or business analyst (BA) role, would be an asset

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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.