Manager, Regulatory Trade Reporting, Operations Control (GWO)

Scotiabank; Toronto; On-site; CAD 110,000 - 140,000; Full time

Benefits offered by this job

Bonus

Flexible vacation

Personal and sick days

Comprehensive benefits

Diversity, Inclusion & Allyship

Job summary

Scotiabank seeks a Manager in Regulatory Trade Reporting within Operations Control to lead a team of professionals responsible for OTC regulatory reporting controls and monitoring, ensuring complete, accurate, and timely trade reporting across jurisdictions.

You will drive change initiatives, maintain reporting regimes, and provide executive-level insights while collaborating with Technology to improve control effectiveness and governance.

Qualifications

• Experience in business, operational risk, or compliance.
• Deep knowledge of OTC derivative reporting requirements across regimes: FR2420, MIFID II, CIRO, CAT/CAIS, SFTR, SMMD, Bluesheets.
• Ability to drive process improvements and automation with Technology and Change teams.

Responsibilities

• Lead a team ensuring execution and documentation of daily and periodic controls, breaches, escalation, and reporting.
• Maintain up-to-date knowledge of regulatory reporting regimes and ensure accurate reporting.
• Drive change management initiatives to improve control effectiveness and tracking metrics.
• Generate executive reporting for committees highlighting risks and issues.
• Support regulator inquiries, internal testing, audits, and evidence closure.
• Foster customer-focused culture and strengthen stakeholder relationships across the bank.

Skills

Leadership

Regulatory reporting

Stakeholder engagement

Derivative trade lifecycle knowledge

Project management

Tools

DTCC

UnaVista

DROIT

Job description

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Title: Manager, Regulatory Trade Reporting, Operations Control (GWO)

Requisition ID: 272459 Employee Referral Program – Potential Reward: $2,000.00 We are committed to investing in our employees and helping you continue your career at Scotiabank.

The Role

The Manager leads a team within Global Wholesale Operations responsible for driving an effective and efficient OTC Regulatory Reporting Control & Monitoring. This team ensures Scotiabank is meeting its regulatory commitments with respect to complete, accurate and timely trade reporting; maintains and improves trade reporting controls and error corrections; and actively helps to drive business initiatives.

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

• Lead a team ensuring effective execution and recordkeeping of an extensive suite of daily and periodic controls, as well as the resulting breach management, escalation, and documentation responsibilities.
• Understand and maintain up-to-date knowledge of OTC derivative reporting requirements across all jurisdictions. Regimes covered include: FR2420, MIFID II, CIRO, CAT/CAIS, SFTR, SMMD, Electronic Bluesheets.
• Help to drive change management projects/initiatives to ensure that regulatory reporting controls are operating effectively have appropriate management metrics associated.
• Generate accurate and complete executive reporting for a variety of Committees, taking care to reflect key risks and issues in the programs the team covers.
• Support management commitments associated with Regulator, Internal Testing and Audit observations. This includes supporting responses to queries, analyzing observations, designing solutions, delivering commitments, and providing evidence of closure.
• Lead and drive a customer focused culture throughout their team to deepen stakeholder relationships and leverage broader Bank relationships, systems and knowledge.
• Leads day-to-day project and program activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits. Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
• 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.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours; communicating vison/values/business strategy; and, managing succession and development planning for the team.
• Ensure all Standard Operating Procedures are up to date and employees are effectively trained.

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

• Previous experience in business, operational risk, compliance, or front office function
• Strong derivative trade lifecycle knowledge and associated business/industry experience
• Demonstrated in-depth knowledge of regulatory reporting requirements/ reporting logic for various regimes ( FR2420, MIFID II, CIRO, CAT/CAIS, SFTR, SMMD, Electronic Bluesheets).
• Knowledge of trade repository (DTCC, UnaVista) and reporting logic engines (e.g. DROIT)
• Identifies and drives process improvement and automation opportunities to enhance regulatory reporting accuracy, efficiency, and control effectiveness, partnering with Technology and Change teams as required.
• Strong knowledge of technology reporting infrastructure and front office source systems.
• Strong organizational skills and demonstrated success working in a demanding and fast-paced environment.
• Strong stakeholder engagement skills. The ability to successfully manage, improve and ensure constant effective working relationships with internal stakeholders to support their initiatives and mitigate regulatory and operational risk.
• Exceptional communication skills (written and verbal) and the ability to clearly and concisely present to senior stakeholders.
• Exceptional interpersonal skills with demonstrated ability to gain confidence and respect of team members and executives.

What’s in it for you?

• Opportunity to engage with various GBM business groups on KYC/AML topics and client outreach activities
• Opportunity to enhance knowledge of GBM’s global product offering, business lines and functional processes, as well as gain exposure to the overall bank
• Opportunity to build strong strategic relationships across broad partner and stakeholder groups within GBM globally and across the bank
• Be a key member of a dynamic and engaged team with strong leadership and focused personal and career development support
• 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 our 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.

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