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Purpose of Job: The Compliance Officer is responsible for the execution of the monitoring and surveillance program for the Private Client and Institutional divisions of 1832 Asset Management in accordance with governing regulations, internal policies and procedures.
Assists the Senior Manager, Compliance within Scotiabank's Asset Management division in carrying out day-to-day compliance functions and the development, drafting, updating and administration of compliance policies, procedures and reference materials, systems and manual processes.
Pro-actively identifies violations (actual, potential, and perceived) of regulations, rules, laws, internal policies and procedures or other risk situations at an early stage. Conducts inquiries and investigation into such situations and ensures that appropriate corrective and/or risk mitigation actions are implemented in a timely manner.
Assesses requests for compliance approvals and arrives at recommendations and/or conclusions based on the exercise of sound judgement on moderately complex decisions.
Escalates matters that are complex in nature and in which further guidance is required or falls outside existing policies to the Senior Manager. Critical matters are immediately escalated to the Director, Compliance, Private Client.
Functions as the key point of contact and resource on day-to-day, compliance related inquiries and requests from various business units in the Asset Management division and compliance colleagues.
Assists in identifying efficiencies and areas for improvement within the existing compliance program, testing of processes and controls and developing, maintaining and implementing changes to the firm's compliance policies and procedures.
Maintains a high level of awareness and knowledge of regulatory compliance requirements, developments and industry "best practices" through review of publications, participation in industry associations, employee development initiatives, etc.
Performance of other duties and projects assigned including, but not limited to, acting as back-up to colleagues.
Post-secondary education in a related discipline (business/economics), enrollment in the CFA program or Risk Management Designation.
One (1) or more years of directly relevant investment industry compliance or related experience (e.g. trading, operations, sales, audit).
Successful completion of or enrollment in industry related courses including the Canadian Securities Course, Conduct and Practices Handbook and Canadian Investment Manager Program.
Thorough knowledge and understanding of the securities industry, applicable Securities Acts, SRO Rules and relevant regulations.
Knowledge and understanding of financial advisory services, policies and policy writing, procedures and compliance processes.
Capable of simultaneously handling multiple tasks and meeting stringent deadlines.
Superior knowledge of Microsoft applications and familiarity with the internet and related applications as tools for conducting compliance related research (basic programming knowledge is an asset).
Location(s): Canada : Ontario : Toronto As Canada's International Bank, we are a diverse and global team. We speak 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. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance please click here . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.