Compliance Officer, Asset Management Compliance - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 171730

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

_ Purpose_
The Compliance Officer is responsible for supporting the Investment Counsel (PIC) division of 1832 Asset Management L.P.

and other various business units and entities within Scotiabank's Asset Management divisions within Canada by providing compliance monitoring, direction and advice.

_Accountabilities_

Assists Manager, Compliance in carrying out daytoday compliance functions including the developing, drafting, updating and administration of compliance policies, procedures and reference materials.
Provides advice and support with respect to policies & procedures, controls, policy exceptions, regulatory rules
Proactively 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 business requests, related to Powers of Attorney, Seniors & Vulnerable people, Estate disbursements and arrive 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 Manager. Critical matters are immediately escalated to the Director, Asset Management Compliance.
Functions as the key point of contact and resource on daytoday, 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 internal controls.
Maintains a high level of awareness and knowledge of regulatory compliance requirements, developments and industry "best practices" through review of publications, employee development initiatives, etc.
Coordinate directly with wide range of stakeholders across the organization
Performance of other duties and projects assigned including, but not limited to, crosstraining and acting as backup to colleagues.

_Education/Experience_

Postsecondary education in a related discipline (business/economics/finance/mathematics), enrollment in the CFA program or Risk Management Designation.
Two (2) or more years of directly relevant investment industry compliance or related experience (e.g. trading, operations, sales, audit).
Experience working in a compliance function at a portfolio management or investment management firm
Successful completion of industry related courses such as the Canadian Securities Course, Conduct and Practices Handbook or Traders Training Course
Thorough knowledge and understanding of the securities industry, applicable Securities Acts, SRO Rules and relevant regulations.
Knowledge and understanding of financial advisory services, policy writing, procedures and compliance processes.
Capable of simultaneously handling multiple tasks and meeting stringent deadlines while maintaining attention to detail.
Proficiency in advanced Excel macros, custom coding and desktop tool building capabilities.
Fluent verbal and written communication skills.
Strong analytical and investigative skills; demonstrated ability to operate at a strategic level; sound judgment in identifying risks in order to proactively escalate with relevant senior management.
Familiarity with Crystal Reports, Charles River, SAM Mpower Prod, Broadridge preferred

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas

Guided by our purpose:
"for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.