Scotiabank Compliance Officer (Control Room) - Toronto, ON in Toronto, Ontario

Compliance Officer (Control Room) - Toronto, ON

Requisition ID: 45744

Join the Global Community of Scotiabankers to help customers become better off.

Job Purpose:

The incumbent is responsible for administering compliance programs with respect to the use and protection of confidential and material non-public information, managing certain conflicts of interests, aggregation of securities, insider trade reporting and personal trading and outside business activities.

Major accountabilities:

  1. Compliance programs

The incumbent will be responsible for administering the following compliance programs managed by the Compliance Control Room:

  • List maintenance (for example, watch, restricted, rating change, ownership limits, NI 81-102, SMCAI and window periods),

  • Wall crossing,

  • Conflict management,

  • Research (including equity and fixed income disclosures),

  • Regulatory requests,

  • Insider trade reporting (Bank), and

  • Securities aggregation (including proprietary trade pre-clearance).

  1. Regulatory requests
  • The incumbent is responsible for assisting in preparing responses to inquiries from regulatory bodies as they relate to Control Room functions.
  1. Policy Development
  • The incumbent assists the Senior Manager in the development of internal policies and procedures to enhance the effectiveness of program delivery and reflect changes in regulatory requirements. The incumbent is expected to assist in maintaining Control Room operational procedures.
  1. Center of Excellence
  • The incumbent acts as a subject matter expect and fields questions on issues of interpretation with respect to the policies administered by the Control Room. In this role, the incumbent may be asked to assist in the determination of materiality, to determine whether a research or trading restriction should be imposed or to interpret elements of the employee personal trading policies. This role requires the incumbent to make decisions or escalate issues within the strategic framework set by the Director. To keep abreast of industry issues and practices in institutional areas, the incumbent will maintain strong contacts within the industry.
  1. Technology
  • Identify opportunities to use technology to enhance Control Room program delivery. Collaborate with managers, business analysts, and developers both internally and externally to drive the delivery of Control Room technology projects on time and within budget.

  • If needed, contribute to the delivery and successful implementation of new technology by facilitating and performing end user testing, data validation and normalization, end user procedures, aides and training materials and consideration of all key aspects of the project.

  • If needed, provide ongoing updates, support, and product training to the members of the Control Room throughout the various stages of product testing and implementation. Develop communication and participate in training for the roll out of new technology systems to the business users.

Additional accountabilities

Other duties and projects as assigned. This includes acting as back up for another senior compliance officer when needed.


This position requires:

  • Post-Secondary education and/or professional designations

  • Canadian Securities Course

  • Minimum of 3 years of related experience at a major financial institution

  • In-depth knowledge of regulatory and compliance requirements and issues in the Global Banking and Markets business lines and the securities industry

  • Knowledge of industry practices regarding institutional compliance matters

  • Effective communication skills both oral and written

The following courses would be an asset:

  • Conducts and Practices Handbook

  • Derivatives Fundamental Course

  • Trader’s Training Course

The following computer skills would be an asset

  • Bloomberg

  • Microsoft applications (including Word, Access, Excel and Power Point)

  • familiarity with the internet and related applications as tools for conducting compliance related research

An understanding of the Scotiabank organizational structure, risk management structure, operational procedures and the business activities, products and services offered by the business units would be an asset.

An understanding of the Investment Industry Regulatory Organization of Canada (IIROC) rules and FINRA rules is an asset as is an understanding of Canadian securities and banking legislation.

Location(s): Canada : Ontario : Toronto

As Canada’s International Bank, we are a leader when it comes to inclusion. We are a diverse and global team, speaking more than 100 languages with backgrounds from more than 120 countries. 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. Candidates selected for an interview will be contacted directly. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to provide as seamless a recruitment experience as possible.