Senior Manager, Compliance Governance & Surveillance (2309)

TD Bank; Ontario; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading financial institution in Canada is seeking a Compliance Surveillance Manager to lead a team responsible for monitoring market activities and ensuring adherence to regulatory standards. The role involves collaboration with various compliance teams and requires extensive experience in capital markets compliance. The ideal candidate will possess strong leadership skills and a deep understanding of regulatory frameworks. This position offers an opportunity to enhance compliance capabilities within a dynamic environment.

Qualifications

• Minimum 10 years of compliance surveillance in capital markets.
• Experience at globally systemic important bank preferred.
• Advanced degree or CFA desirable.

Responsibilities

• Lead a team conducting surveillance reviews for market abuse.
• Manage relationships with regional compliance teams.
• Perform quarterly quality assurance review of surveillance.

Skills

Communication

Operational Risk Management

Leadership

Critical Thinking

Education

Canadian Securities Courses (CSI) CSC, DFC, OLC, OPSC and FIT

Job description

Department Overview

The Compliance Department is responsible for identifying and preventing violations of regulatory requirements by both employees and clients. This is accomplished by :

• Conducting surveillance for cash and derivatives products such as listed equities, options, and futures as well as fixed income, rated and FX.
• Providing training and education to TDS businesses
• Liaising with regulators and internal auditors
• Promoting a compliance culture within the firm
• Taking preventative measures to ensure compliance with the rules and regulations
• Reviewing new business opportunities, such as trading of new products or on markets from a compliance surveillance perspective

This role covers the institutional exchange-traded products (equities, options and futures), fixed income, FX, rates and derivatives sales and trading businesses in Canada. The role involves both conducting surveillance reviews and performing quality assurance of trade and communications surveillance alerts.

Job Accountabilities

• Effectively lead a team of compliance professionals who conduct surveillance reviews for market abuse and other related market misconduct.
• Maintain and continue to build a culture of excellence within the Compliance Surveillance team.
• Manage and foster a strong and collaborative relationship with the Advisory Compliance teams in Canada, United States, EMEA and APAC.
• Assess impact of new regulations as they relate to trade and communications surveillance.
• Lead and participate in regional and global surveillance modernization projects for trade and electronic communications surveillance.
• Perform annual gap analysis and control effectiveness of trade and communications surveillance.
• Remediate identified gap(s) and work in partnership with technology, Advisory Compliance, and other key stakeholders to advance any projects that directly impact surveillance.
• Manage all the Compliance oversight and escalation for issues and events within Canada and other regions for which the Toronto-based Surveillance team performs reviews.
• Communicate and escalate issues and events to regional compliance teams including, Compliance Advisory, Traders, and Supervisors.
• Perform quarterly quality assurance review (QAR) of reviews performed by surveillance analysts.
• Use the findings from the QAR process to train the surveillance analysts to improve alert analysis, close out commentary, and alert review processes.
• Lead global quarterly meetings with all the regional compliance teams by sharing and discussing key risks and trends identified through surveillance.
• With the first line of defence supervision / risk and control partners, host the bi-monthly supervision and surveillance forum calls.
• Proactively assess and remediate risks by engaging regional Advisory Compliance colleagues as well as first line supervision / risk and control partners to discuss, develop and deliver solutions to close gaps and opportunities for program enhancement.
• Oversee the design and maintenance of written Compliance surveillance procedures.
• Lead surveillance calibration processes (above the line and below the line test) and procedural updates.
• Assist with regulatory reviews, including inquiries, audits, and exams, as it pertains to surveillance.
• Monitor regulatory developments and trends with the regional compliance team and identify where new or enhanced surveillance reviews are required.
• Work with Technology and Risk Management to ensure compliance surveillance meets firm and industry standards.
• Support the business in their development of policies, procedures and training programs to facilitate compliance with regulatory requirements.

Proficiency Requirements and Skills

• Familiarity with the Universal Market Integrity Rules (UMIR), Le Bourse Exchange, SEC, CFTC, FINRA, U.S. National Securities Exchange (e.g., Nasdaq, NYSE, and CBOE), US Volcker Rule, FCA's Market Abuse Regulation, MiFiD II, NFA and all applicable Canadian securities commission rules.
• Understanding operational risk management principles and banking regulators approach to compliance-risk framework and standards, highly desirable.
• Knowledge of OTC products and market structure and operation and the associated regulatory risk.
• Minimum 10 years of compliance surveillance in capital (institutional) markets.
• Demonstrated ability to build and lead a surveillance team.
• Demonstrated ability to lead programs focused on enhancing surveillance capabilities (both communications and trade surveillance).
• Experience at globally systemic important bank (GSIB) preferred.
• Experience working for a regulator highly desirable.
• Demonstrated ability to work independently, think critically and make decisions.
• Excellent communication skills, both written and oral.
• Ability to deal with staff and management at all levels in TD Securities and TDBG.
• Ability to manage multiple priorities and meet deadlines is critical.
• A strong personal integrity in dealing with confidential and sensitive information.
• Canadian Securities Courses (CSI) CSC, DFC, OLC, OPSC and FIT.

Other Qualifications / Skills / Experience

• Ability to understand, analyze, interpret, and apply laws, rules, and regulation in a surveillance operational context.
• Ability to operate in an environment characterized by continuously evolving markets, product and regulatory expectations is critical.
• Ability to work independently and lead team.
• Advanced degree, understanding of statistics / quantitative methods, CFA, CPH and / or Trader Training course are desirable, but not required.