Compliance Testing Manager, Swap Dealer and Derivatives Compliance

Scotiabank; New York (NY); On-site; USD 90,000 - 168,000; Full time

Job summary

Join a leading global banking and markets team as a Compliance Testing Manager. You will contribute to compliance testing for swap dealer and derivatives compliance, ensuring adherence to regulations and internal policies while fostering a high-performance culture.

Benefits

Flexible benefit programs

Qualifications

• 3-5 years of compliance, audit, or regulatory exam support experience.
• Knowledge of SEC, CFTC, NFA rules applicable to international banks.

Responsibilities

• Scope and execute compliance testing to assess adherence to requirements.
• Document testing in workpapers and prepare testing reports.
• Align testing approaches with key controls related to regulatory obligations.

Skills

Analytical Skills

Communication

Teamwork

Investigative Skills

Education

Bachelor's Degree

Job description

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Title: Compliance Testing Manager, Swap Dealer and Derivatives Compliance

Requisition ID: 225071

Salary Range: 90,000.00 - 167,200.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange, and precious metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Purpose

Contributes to the overall success of the GBM&T Compliance Testing team and Swap Dealer and Derivatives Compliance by executing specific individual goals, plans, and initiatives in support of the team’s business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies, and procedures.

The primary responsibility of this position is to support compliance testing for Scotiabank’s adherence to CFTC Swap Dealer, SEC Security-Based Swap Dealer, and Futures-related regulations, including cross-border testing covering swaps and futures activities. Testing team members will be assigned to conduct testing related to these activities.

What You’ll Do

• Scope and execute compliance testing to assess adherence to legal, regulatory, and internal policy requirements.
• Design testing procedures focusing on applicable regulatory requirements to identify control gaps and non-compliance issues.
• Perform administrative responsibilities such as preparing and entering issues and observations into the central repository, and preparing and distributing testing reports to senior management with findings and recommendations.
• Document testing in workpapers.
• Assist with issues management and validation testing efforts.
• Understand how the Bank’s risk appetite and culture influence day-to-day activities and decisions.
• Maintain a customer-focused culture to deepen client relationships.
• Lead day-to-day activities aligned with the Bank’s risk culture and limits.
• Build or sustain a high-performance environment, attracting, retaining, developing, and motivating the team by fostering inclusivity.
• Align testing approaches with key controls related to regulatory obligations.
• Improve testing strategies across the global platform through enhanced methodology, governance, and procedures, including testing templates to improve efficiency and reporting.

What You’ll Bring

• 3-5 years of compliance, audit, or regulatory exam support experience, including at least 3 years involving testing or audits.
• Background in compliance related to institutional trading & sales, investment banking, futures commission merchant, swap dealer activities, commercial banking, investment management, and corporate functions within banks.
• Knowledge of SEC, CFTC, NFA rules applicable to international banks conducting relevant activities in the U.S.
• Strong analytical and investigative skills.
• Ability to review, prioritize, and escalate issues efficiently.
• Capability to manage multiple reviews and projects within deadlines.
• Excellent communication skills, both written and spoken.
• Teamwork, interpersonal, and conflict resolution skills.
• Highly organized with the ability to handle complex projects.
• Bachelor’s degree or international equivalent; proficiency in Spanish is a plus.
• Experience managing diverse compliance testing teams, including remote teams, is preferred.

Interested?

If your experience closely relates but doesn’t match every qualification, we encourage you to apply — you might be the right fit for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their potential, respected for who they are, and embraced for their differences. We strive to grow and diversify our talent and foster a performance-oriented culture.

What’s in it for you?

We want you to bring your best self to work and life every day. Our flexible benefit programs support your family, financial, physical, mental, and social health needs.

#GBM2025

Location: New York City, NY, United States

Scotiabank is a leading bank in the Americas, guided by our purpose: "for every future." We help our customers, their families, and communities succeed through a broad range of services, including banking, wealth management, private banking, and capital markets.

We value the unique skills and experiences each individual brings and are committed to an inclusive, accessible environment. If you need accommodations during the recruitment process, please inform our Recruitment team. Only candidates applying online will be considered. We appreciate all applicants’ interest; only selected candidates will be contacted.