Purpose

The Global Compliance Trade Surveillance (“GCTS”) team is a global, best in class program within Global Compliance responsible for performing surveillance of Scotiabank trading activities for market manipulation, insider trading and unfair pricing. As part of the GCTS team, the Manager will be responsible for conducting Quality Assurance (QA), completing stakeholder reporting, completing parameter reviews and providing to a team of Compliance Officers conducting surveillance of listed equities and derivatives.

Accountabilities

• Maintains deep knowledge & understanding of industry issues and practices, regulatory requirements and associated changes.
• Generate reporting for trade surveillance activities relating to specific GBM&T business lines, business divisions of Scotia Capital Inc (“SCI”) and/or defined products, as defined in the Procedures.
• Conduct Quality Assurance (QA) of compliance reviews (Automated alert reviews and manual reviews)
• Conducts periodic reviews, analysis and testing of alert scenarios for alert optimization
• Assist and provide guidance when responding to regulatory and internal audit inquiries, which includes gathering documents and/or data extracts
• On an ongoing basis, monitors and reports on the state of the program through regular meetings with business, compliance and control personnel, the preparation and/or review of management.
• Identifies non-compliant situations and trends and provides recommendations for remediation.
• Assists on specific projects (e.g. special investigations, regulatory initiatives etc.).
• Act as a resource for the team by supporting the Trade Surveillance department Senior Manager and Director and assisting Compliance Officers and Senior Compliance Officers in the execution of their duties.
• Supports effectiveness testing of business supervision related processes and controls, including identification of gaps in the existing trade surveillance processes.
• Assist in the development and enhancement of policies, procedures and processes of the surveillance program.
• Assist other team members, provide back-up support on alert reviews and guidance within the team and other projects as assigned.

Education/Experience

• Advanced understanding of retail and institutional Equities, and/or Listed Derivatives trading, including knowledge of hedging and other trading strategies.
• Post-Secondary education and/or professional designations.
• Securities licenses, Canadian Securities Course, Conduct and Practices Handbook Course, and/or the Trader Training Course, DFOL, DFC or equivalent preferred.
• Minimum of 5-7 years of related experience at a financial institution and/or regulated securities dealer.
• Able to work independently and with other staff across functional lines within the Bank.
• In-depth knowledge of regulatory (UMIR/MX) and compliance requirements.
• Identify external market activity, news and additional factors that may influence trading activities.
• A comprehensive understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and Universal Market Integrity Rules, Montreal Exchange Rules, Financial Industry Regulatory Authority (FINRA) rules, as well as a sound understanding of Canadian provincial securities legislation applicable to trading activities and capital markets, Dodd-Frank Act, Volcker Rule and MiFID II or MAR.
• Proficiency in advanced excel macros, custom coding and desktop tool building capabilities.
• Excellent verbal and written communication skills.
• Strong analytical and investigative skills and demonstrated ability to operate at a strategic level.
• Sound judgment in identifying risks in order to proactively escalate with relevant senior management.
• Bilingual preferred