Senior Manager, First Line Supervision & Support (FLSS), U.S. Internal Control

Requisition ID: 205308

Salary Range: 110,700.00 - 211,800.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

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!

Purpose

Senior Manager FLSS, contributes to the overall success of the front office/first line of defense 1B control group within the United States ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the Corporate Banking (“CB”), Investment Banking (“IB”), Equity Capital Markets (“ECM”), U.S. Loan Syndications, Latam Loan Capital Markets, Debt Capital Markets (“DCM”), Government Finance, Mortgage Capital Markets, Structured Finance Group (SFG), Securitization, Equity Research, and California Representative Office (CalRO) [collectively “private side businesses” “1A”] strategies and objectives. Assist in providing supervisory support and devotes time learning subject matter expertise in the products and services offered by Scotiabank U.S. private side businesses. Assist to ensure all activities conducted are in compliance with governing regulations, internal policies, and procedures.

What You’ll Do

• Provide support to the private side businesses (1A) as it relates to compliance, regulatory, and risk topics.

• Help to create risk awareness with the 1A on non-financial risks, controls, and supervision procedures.

• First point of contact and coordination for internal and third-party testing of the businesses, including audit reviews, compliance testing reviews, first line testing, and other ad-hoc testing and reviews.

• Review potential findings by working with 1A to formulate responses including issues wording, severity, ownership, establish action plans, and due dates. Coordinate cross functionally to implement action plans within the due date.

• Manage, track, and facilitate remediation efforts for 1A owned testing and audit action plans. Liaise with the specific issue owners for periodic updates and manage the audit closure process.

• Assist relevant business units in regulatory examinations and inquiries from SEC, FINRA, NYSE, NY Federal Reserve, US Treasury Department, and California Financial Regulator.

• Build, cultivate and deepen cross functional stakeholder relationships to enable increased speed and efficiency in resolving issues.

• Responsible for performing delegated supervisory tasks from the 1A consistent with the established Supervision framework and Written Supervisory Procedures (WSP). Update WSPs as necessary in coordination with compliance groups. Report and discuss findings, in addition to other management information, in the periodic management meetings to maintain appropriate 1A oversight of the business.

• Create and maintain procedures and guidance to operationalize compliance policies, internal processes, and controls for new businesses or changes to businesses (i.e. VDR, deal file checklists, pitchbook guidance).

• Identify and escalate Operational Risk Events (OREs) and Self-Identified Issues (SII) including root cause analysis, required action plans, and follow ups to ensure action plans are implemented.

• Lead the various risk assessments on behalf of the 1A (e.g. AML, CRCA, Risk Identification, Scenario Analysis, RCSA and Operational Resilience) from start through to completion, sign-off, and remediate action items identified in the process.

• Partner with Legal and Compliance to conduct an impact assessment and assisting in project management for changes to existing and proposed new legislation, regulatory announcements, and industry practices, and helping businesses develop and implement procedures to meet these requirements.

• Conduct all activities in accordance with our Values, Scotiabank Code of Conduct, risk appetite and risk culture, and where applicable, the Global Sales Principles.

• Stay current and be compliant with internal policies and procedures to ensure the adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.

• Lead direct reports towards group’s goals and objectives by fostering a strong and robust compliance and risk culture.

What You’ll Bring

• 8+ years’ experience in Corporate Banking, Investment Banking, ECM and/or DCM front office, Compliance or direct control function environment.

• Strong knowledge of banking advisory services, loan origination/syndication, equity/debt underwriting including relevant securities laws e.g. Securities Act 1933, SEC Rule 14e5, SEC Rule 15a6.

• Strong written and verbal communication skills, ability to guide decision making process and facilitate consensus.

• Strong writing skills, experience creating high quality deliverables and projects.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): United States : New York : New York City

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.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.