Supervision Specialist for Scotia Securities Inc - Montréal, Canada - Scotiabank

Scotiabank

Verified Company

Montréal, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 179150

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

Purpose
Contributes to the overall success of the Centralized Compliance Department, Scotia Securities Inc.

in Canada ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives.

Ensures all activities conducted follow governing regulations, internal policies, and procedures.

Accountabilities

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Monitoring:
Monitor customer mutual fund trade activities utilizing exceptions reports, with a focus on unusual/irregular activity and additional reviews such as excessive activity and other reports as required.
Followup on issues and ensure deficiencies are communicated effectively to the Registered Representatives/BCOs.
Assist in the control, evaluation, and response to:
Any serious irregular activity, such as fraud, kiting, money laundering or serious incidence of non-compliance.
Negative trends and any known or perceived weaknesses in policies, practices, procedures, systems, or training which could lead to noncompliance.
Provide support and guidance, regarding the SSI Tier 1 review, to mutual funds representatives within the distribution channels of Scotia Securities Inc.
Recommend and monitor action plans to correct:
Incidents of non-compliance (and prevent their reoccurrence)
Weaknesses in policies, practices, procedures, systems and/or training.
Understand how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.
Champions a highperformance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

Education / Experience

The Compliance Officer should possess the following:

Must be licensed to sell mutual funds in Canada
Must have an Undergraduate University Degree (preferably in business or accounting) &/or related work experience
Must satisfy all Compliance expectations for the role, including completion of the Branch Compliance Officer (BCO) course
Thorough knowledge of Branch Compliance Officer responsibilities, processes and guidelines
Knowledge of SSI and Bank policies, procedures and manuals for the sale and distribution of mutual funds through the Bank's branches
The ability to evaluate risk, to identify control weaknesses, to recommend actions, to followup and to report on noncompliance effectively.
Initiative, and the ability to work efficiently and effectively in a fastpaced, team environment
Effective communication skills both verbal and written are required.
Strong organization and time management skills

Location(s): Canada : Quebec : Montreal

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.