Scotiabank

Manager, Regulatory Trade Reporting, Operations Control (GWO)

Scotiabank • $100K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Previous experience in business, operational risk, compliance, or front office functions
  • Strong derivative trade lifecycle knowledge and experience
  • In-depth knowledge of regulatory reporting requirements (FR2420, MIFID II, CIRO, etc.)
  • Familiarity with trade repository and reporting logic engines
  • Ability to identify process improvement and automation opportunities
  • Strong organizational and stakeholder engagement skills
  • Exceptional communication and interpersonal abilities

Responsibilities

  • Lead team in executing daily and periodic controls for OTC regulatory reporting
  • Maintain up-to-date knowledge of OTC derivative reporting requirements
  • Drive change management projects for effective regulatory reporting controls
  • Generate executive reports reflecting key risks and issues
  • Support management commitments to regulator and audit observations
  • Foster a customer-focused culture and deepen stakeholder relationships
  • Ensure compliance with the Bank's risk culture and appetite in daily activities

Benefits

  • Engagement with various GBM business groups on KYC/AML topics
  • Enhance knowledge of global product offerings and functional processes
  • Build strong strategic relationships across the organization
  • Career development support within a dynamic team
  • Diverse opportunities for professional advancement
  • Comprehensive benefits starting on the first day
  • Commitment to diversity, equity, inclusion, and allyship
  • Accessibility and workplace accommodations for all employees
Full Job Description
Requisition ID: 272459
Employee Referral Program - Potential Reward: $2,000.00

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

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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