Analyst, Global Regulatory Controls, Internal

Requisition ID: 180755

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

**Analyst, Global Regulatory Controls, Internal Control, Global Banking & Markets - Toronto, ON**

**Global Banking and Markets**

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries We work together to drive ambition for every future

**Overview**
Assist and lead the development and implementation of governance and processes for Global Banking & Markets (“GBM”) Internal Control. The incumbent supports the management of Global Regulatory Controls through the following primary functions:

- Developing regulatory control process for managing and determining regulatory onboarding data related risks
- Maintaining a regulatory controls inventory across multiple OTC derivative regulatory regimes (Dodd-Frank, EMIR, Canadian Trade Reporting, etc)
- Managing the regulatory counterparty onboarding issue management escalation framework
- Perform the necessary data investigations by identifying both ad hoc and systemic regulatory onboarding counterparty data issues

**What You’ll Do**:

- Supports global OTC derivative regulatory processes including trade reporting, central clearing, pre-trade mid-market marks, margin rules and business conduct standards
- Develops and assists stakeholders with operationalizing regulatory counterparty data controls and processes
- As part of the regulatory change management process, ensure that policies and procedures are aligned to regulatory changes and updates
- Conducts data analysis and data reconciliation to support stakeholders in understanding data gaps
- Develop strong partnership and work in close alignment with other risk functions and business partners to provide professional advice and guidelines for risk mitigation
- Support the delivery of internal (Board, Committee, Compliance, Audit) and regulatory controls related reporting as required.
- Continually acquire and enhance knowledge of both the Bank’s and the Division's business strategies, shifting regulatory environment, evolving risk management practices and methodologies, new products, updated operational processes, and rapidly changing technology to be able to drive effective business solutions.
- Actively support efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Guidelines for Business Conduct.
- Communicate the Bank’s risk appetite to relevant stakeholders in order to identify opportunities and potential concerns in a particular business line or industry
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

**What You’ll Bring**:

- Post-Secondary education completed. Advanced degree preferred but not mandatory
- Minimum 5 years of industry experience in capital markets focusing on data remediation, data management and reporting issues
- Knowledge of multiple capital market product areas and jurisdictions, supporting the operations of a financial institution is an asset
- Demonstrates working knowledge of trading products and capital markets documentation requirements necessary in support of strategic plans implemented to address reporting requirements from an execution and controls perspective
- A background in OTC derivatives regulation, or related regulatory controls-based experience is desired
- This role requires successful completion of the NFA Swaps Proficiency Requirements within 90 days of assuming the role
- Curious and proactive learner able to solve complex problems, multi-task and manage changing priorities
- Strong knowledge of the Bank’s policies, procedures and related risk manage