Assistant Manager - Regulatory Operations Control

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

Job summary

A leading financial institution is seeking an Assistant Manager - Regulatory Operations Control in Toronto. This role is focused on ensuring regulatory compliance, managing disputes, executing monitoring controls, and building collaborative relationships with stakeholders. Candidates should possess a Business/Finance degree, 2+ years in Capital Markets, and strong MS Excel skills. The position offers a competitive rewards program, professional development opportunities, and a commitment to diversity and inclusion.

Benefits

Competitive rewards program

Flexible vacation

Comprehensive benefits

Qualifications

• 2+ years of experience in a Capital Markets environment.
• Familiarity with Technology, Risk Management, Compliance, and Audit.
• Prior operations or project experience in a business analyst role is a plus.

Responsibilities

• Develop understanding of regulations like CFTC, EMIR, and SEC.
• Execute monitoring controls related to valuation and collateral disputes.
• Liaise with stakeholders to solve regulatory issues.

Skills

Strong MS Excel skills

PowerBI knowledge

Strong relationship building

Analytic capability

Very good presentation skills

Education

Business/ Finance degree or equivalent

Job description

Overview

Title: Assistant Manager - Regulatory Operations Control (GWO) 18-month contract

Requisition ID: 244753

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

Purpose: 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.

Responsibilities

• 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 coordination, preparing meeting agendas and producing minutes.
• Responsible for monitoring the completeness, accuracy, and timeliness of 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.

Qualifications

• Business/ Finance degree or equivalent
• 2+ years of experience 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 as a strong 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.
• 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.

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 contact the Recruitment team. 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.