Job Description:Job DescriptionThe Country Compliance and Operational Risk (C&OR) Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance and operational risks in the country in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy (collectively "the Policies") and the Compliance and Operational Risk Management ("CORM") Program and Standard Operating Procedures (SOPs).
The Country C&OR Manager assists in engaging other C&OR officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The Country C&OR Manager assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.
This role is responsible for GCOR coverage of the Global Markets, Global Corporate & Investment Banking, and Global Commercial Banking businesses in Canada. The knowledge and expertise to provide second line oversight is crucial to ensuring the firm meets local regulatory requires relating to monitoring and testing and other oversight requirements. Further, this role is responsible for escalations internally from EIT as well as from regulators and for interpreting the application of local laws, rules and regulations and for conducting annual and target risk assessments. Coveraging is for multiple business lines and functions, including but not limited to equity, fixed income and derivatives sales and trading.
Responsibilities- Assists in the development of independent risk management reporting for respective area(s) of coverage as input into country/regional governance and management routines
- Assists with the oversight of FLU/CF training which may include content development and/or tracking and communication of completion rates
- Assists with the development and maintenance of C&OR-owned policies and standards and/or the oversight of FLU/CF-owned policies, standards and procedures to ensure regulatory and operational risk requirements are appropriately addressed, inclusive of conduct risk as applicable
- Monitors the regulatory environment to identify regulatory changes applicable to area(s) of coverage and maintains a comprehensive regulatory inventory; may support communication of regulatory changes to the FLU/CF and ensuring that policies, standards, procedures and/or processes are appropriately implemented or amended to address regulatory requirements
- Assists in identifying, aggregating, reporting, escalating, inspecting and challenging remediation plans, and performing thematic analysis on FLU/CF-owned issues and control enhancements
- Assists in remediating C&OR "owned" issues and control enhancements
- Contributes to or leads development of risk coverage plans, executes and / or oversees execution of monitoring, testing and risk assessments, communicates results
- Reviews and challenges the regional contributions to Reviews and challenges the FLU/CF process, risk and control inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
- Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls
- Supports Scenario Analysis activities for coverage areas and challenges as appropriate
Qualifications- University degree or equivalent
- Minimum of 5 years' experience in securities in a financial institution
- Must have compliance experience in futures and fixed income trading
- Compliance experience in equities trading would be an asset
- French language skills would be an asset
- Project management experience
Shift:Hours Per Week: 37.5
Pay Transparency detailsCA - Toronto - 181 BAY ST (101803)
Pay and benefits information
Pay range
$117,000.00 - $157,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide competitive benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
