Senior Manager, Compliance Testing Swap Dealer and Derivatives

About the role

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

Responsibilities

• Scope and execute compliance testing in order to assess compliance with legal, regulatory and internal firm policy requirements.
• Focus on the applicable regulatory requirements to ensure testing is adequately designed to identify potential control gaps and non-compliance with laws and regulations.
• Escalate potential issues and exception items noted during the review process to senior management.
• Ensure that the stakeholders respond with appropriate action to address all draft recommendations and deficiencies noted during the fieldwork process.
• Perform required administrative responsibilities in support of testing, including but not limited to:
• Preparing and entering all issues and observations into central repository
• Preparing and distributing testing reports to senior management detailing review findings and recommendations.
• Preparing Workpapers documenting testing
• Aid in the Team’s collective issues management and validation testing efforts.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Maintain a customer focused culture to deepen client relationships and leverage broader relationships, systems and knowledge.
• Lead and manage designated GBM&T Compliance Testing Officers and be the initial point-of-contact for the execution of corresponding swap dealer testing engagements.
• Direct day-to-day activities in a manner consistent with the BNS’s risk culture and the relevant risk appetite statement and limits.
• Review and provide feedback on materials created by Compliance Testing Officers throughout all stages of testing engagements before the final draft supporting materials and testing report get submitted to the Head of GBM&T Compliance Testing, Director of Swap Dealer and Derivatives Compliance Operations & Swap Dealer CCO.
• Build or perpetuate a “high performance” environment and implement a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment.
• Work with Swap Dealer Compliance Advisory Team to perform Swap Dealer Compliance Testing in coordination with GBM&T Compliance Testing. Assist in creating the Swap Dealer & Derivatives Annual Plan to verify appropriate testing is included in the GBM&T Global Compliance Testing Plan.
• Align targeted testing approach to key controls associated with obligations within the regulatory library.
• Enhance the testing strategies across the Global platform by improving testing methodology, governance documentation and procedures across the Global platform including testing template frameworks to create a more diverse and efficient testing and reporting experience.

Requirements

• 5-7 years of compliance, audit or regulatory exam support, at least 3 of which should involve testing or audit.
• Experience/background in compliance applicable to institutional trading & sales, investment banking, futures commission merchant, swap dealer activities, commercial banking, investment management, and corporate functions within investment or commercial bank.
• Familiarity with applicable SEC, CFTC, NFA rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S.
• Strong analytical and investigative skills.
• Solid ability to quickly review, assimilate, prioritize and escalate issues to appropriate stakeholders.
• Solid ability to manage multiple compliance reviews and projects at the same time and meet timely deadlines.
• Strong written and spoken communication abilities.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of dealing with complex projects.
• BA or international equivalent.
• Ability to speak, read and write in Spanish a plus.
• Experience/background in managing a team of compliance testers with diverse skill sets.
• Experience managing remote teams in a virtual environment a plus.

Qualifications

BA or international equivalent.

Ability to speak, read and write in Spanish a plus.

Experience/background in managing a team of compliance testers with diverse skill sets.

Experience managing remote teams in a virtual environment a plus.