Compliance Officer - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 178998

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

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Purpose_**Contributes to the overall success of the Scotia Securities Inc.

(SSI) / Global Compliance GWM 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 are in compliance with governing regulations, internal policies and procedures.

Participates in a team supporting 2nd line compliance oversight and investigations in ensuring:

SSI, its branches and its registered representatives comply with Regulations. Regulations refers to laws (including AML legislation), rules, regulations, and policies and SRO codes of conduct, policies, rules, and by-laws which govern the business and mutual fund dealer activities of SSI in Canada.
Tangerine Investment Funds Limited (TIFL), its registered representatives comply with Regulations. Regulations refers to laws (including AML legislation), rules, regulations, and policies and SRO codes of conduct, policies, rules, and bylaws which govern the business and mutual fund dealer activities of SSI in Canada.
Adherence to SSI, BNS and TIFL policies, procedures and controls established for branches and other units in support of SSI mutual fund activities, including KYC requirements.
Adherence to the Scotiabank Guidelines for Business Conduct and to industry standards adopted by SSI.

Ensures the Global Wealth Business line is compliant with legal and regulatory requirements and adherence to internal policies and procedures and supports:

Branch Compliance Officers (BCOs) with respect to their supervision of the selling and related activities in respect of mutual funds distributed by SSI, and for periodic reporting.
SSI Supervision Team and TIFL Head Office with respect to their review of related activities in respect of mutual funds distributed by SSI and TIFL.
MFR's and nonregistered staff with respect to the sales and other activities in respect of mutual funds distributed by SSI and TIFL.
Mutual fund sales activity conducted via branches and other delivery channels (daily or periodic).

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Accountabilities _**:

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Monitors client mutual fund trade activities utilizing exception reports, with a focus on unusual/irregular activity and on additional reviews that cannot be carried out at the branch level, such as excessive activity and other reports as required.
Conducts the quarterly review of customer statements/account activity as mandated by the Canadian Investment Regulatory Organization (CIRO) (formerly MFDA and IIROC).
Completes Head Office supervision and review reports in a timely manner as required for account supervision, daily review and client statement reviews.
Submits monthly or other reports based on monitoring as directed by the Senior Manager of Compliance or the Chief Compliance Officer.
Reports any unusual activity if there is any suspicion per AML policy of money laundering.
Assists in the control, evaluation and responds to any serious irregular activity, such as fraud, kiting, money laundering or serious incidence of noncompliance, negative trends and any known or perceived weaknesses in policies, practices, procedures, systems, staffing or training which could lead to noncompliance.
Recommends and monitors action plans to correct incidents of noncompliance (and prevent their reoccurrence).
Advises, oversees and trains branch staff on compliance procedures regarding approvals for POAs, leveraged trades and unusual requests.
Apprises and advises management regarding unusual requests or questions from the branches.
Maintains uptodate knowledge of applicable national and local Regulations through participation in industry associations and seminars, reviews of Provincial Securities Commission, CIRO, AMF (Quebec) and other industry publications. Attention to regulatory requirements such as CIRO Policies 2, 5 and 6, Anti-Money Laundering/Anti-Terrorist Financing, and Privacy Regulations and other regulatory matters to perform case investigations.
Executes agreed upon procedures for specific of a low to moderate complexity and/or confidential nature.
Provides mentoring, coaching and feedback regarding recommendations and best practices for enterprise investigations, as appropriate.
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 in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of daytoday business controls to meet obligations with respect to operational, complianc