Compliance Officer, Trade Surveillance - OTC

Scotiabank; Toronto; On-site; CAD 110,000 - 160,000; Full time

Job summary

Scotiabank in Toronto is seeking a Compliance Officer to support the Global Compliance Trade Surveillance team within GBM&T Compliance in Canada. The role focuses on Tier 2 activities, post-trade surveillance, and regulatory inquiries, with collaboration across business units to ensure adherence to policies and procedures.

The ideal candidate has deep knowledge of equity, fixed income or derivatives markets, and strong communication skills to interact with teams and regulators.

Qualifications

• Minimum 5 years of related experience at a financial institution.
• Understanding IIROC dealer rules and UMIR.
• Canadian securities knowledge and regulatory compliance.
• Post-secondary education and/or professional designations.
• Excellent oral and written communication.

Responsibilities

• Conduct post-trade market surveillance and adjudicate alerts.
• Support regulatory requests and internal audits with data extracts.
• Assist in developing and enhancing surveillance procedures.
• Ensure day-to-day controls align with risk appetite and code of conduct.
• Promote teamwork and maintain an inclusive work environment.
• Analyze external market activity impacting trading.

Skills

MS Office

Programming skills

Communication skills

Education

Post-secondary education

Canadian Securities Course

Conduct and Practices Handbook Course

Trader Training Course

Job description

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

Purpose

Contributes to the overall success of the Global Compliance Trade Surveillance Department (“GCTS”) within Global Banking and Markets & Treasury (“GBM&T”) Compliance in Canada, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. The Compliance Officer (“CO”) is responsible for carrying out certain Tier 2 compliance activities for assigned internal business groups in accordance with global and local regulatory requirements as well as internal policies and procedures.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Conducts post-trade market related surveillance to adjudicate alerts within the sector(s) the CO is responsible for supporting and reviews securities trade transactions and identify any suspicious or high-risk activities. Alerts are generated by various surveillance systems and manual processes within the GBM&T Framework
• Supports the effective and efficient operation of GCTS responsibilities and provides back-up support within the team and on other projects as assigned.
• Assists in responding to regulatory requests for information and internal audit inquiries, responsibilities may include, but are not limited to, gathering documents and/or data extracts.
• Assist in the development and enhancement of procedures and processes of the surveillance program.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively 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.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Teamwork is essential for the adjudication and resolution of a variety of products and source system alerts. Strong “teamwork’ skills are essential.

Education/Experience

• Sound understanding of retail and institutional equity, fixed income and/or derivatives trading (options and futures at least), including knowledge of hedging and other trading strategies
• Post-Secondary education and/or professional designations
• Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course
• Minimum of 5 years of related experience at a financial institution and/or regulated securities dealer
• Able to work independently and with other staff across functional lines within the Bank
• In-depth knowledge of regulatory and compliance requirements
• Identify external market activity, news and additional factors that may influence trading activities
• An understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and UMIR, as well as a general understanding of Canadian provincial securities legislation
• Excellent oral and written communication skills
• Good MS Office & Programming skills would be an asset

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.