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Senior Manager Regulatory Derivatives Controls


This is a Contract position in Toronto, ON posted November 1, 2020.




Requisition ID: 91335


Join the Global Community of Scotiabankers to help customers become better off.


Along with Director, Regulatory Operations support onboarding of the bank’s OTC Derivative regulatory functions globally by providing subject matter expertise on OTC derivatives regulations ensuring execution functions are in compliance with governing regulations, internal policies and procedures. Manages business requirement changes to align with regulatory changes.

Major Accountabilities:


  • Responsible for assisting in the identification and coordination of regulatory reform globally that impacts derivative client onboarding and execution.
  • The incumbent will be responsible for meeting multiple regulatory deadlines and driving regulatory reforms throughout the Bank. It is critical that the Bank meets these deadlines, and issues identified via these reviews are escalated to senior management quickly.
  • The incumbent will be required to work with multiple stakeholders internally across execution and operational functions, business lines, and regulatory professionals. Communication and making key links between areas will be critical to the person’s success within this role.
  1. The incumbent will work in partnership with other internal/external stakeholders to deliver on the Bank’s OTC Derivative regulatory onboarding mandate. Demonstrates 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
  2. Reviews and address immediate operational challenges, including working with key stakeholders in first and second line to develop end to end processes, provide transparency and track program progress. Proactively identify, escalate and address gaps in regulatory onboarding counterparty process and data sets.
  3. Key accountabilities include:
  • Building and developing key controls around counterparty regulatory onboarding process and data;
  • Supporting OTC derivative regulatory requests and reporting; and
  • Driving regulatory change that impacts counterparty onboarding practices.
  1. The incumbent must be a leader with excellent interpersonal, communication and negotiation skills in order to build consensus and obtain co-operation from the business, 1A execution teams, internal control groups and second line stakeholders and senior management. This, along with the incumbent’s time management and organizational skills, will allow the incumbent to manage major projects while planning and scheduling resources accordingly.
  2. Directs day-to-day activities in a manner consistent with the Bank’s risk culture and relevant risk appetite statements. Communicates this culture throughout their team.
  3. Creates an environment in which their team pursues effective and effecting operation of their respective areas, while ensuring the adequacy of, adherence to and effective day-to-day business controls to meet operational and regulatory obligations as outlined in Bank policies and procedures.
  4. Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team. Fosters an inclusive work environment, communicates the vision, values and business strategy. Manages succession and development planning for the team.

A strong understanding of the Bank’s OTC derivative regulatory operations processes will contribute to the overall success in driving regulatory change internally.

 Education/Work Experience/Designations

    • 3-5 years of industry experience within capital markets, compliance, or operations dealing with regulatory onboarding or other regulatory-related business processes; knowledge of multiple capital market product areas and jurisdictions, supporting the operations of a financial institution is desirable.  A background in global OTC derivatives regulations (including business conduct, margin and other related requirements) and          related regulatory controls experience is preferred.  An LL.B./J.D. is highly desirable.
    • A client-centric approach to the role.  The international scope of the business, together with the multiplicity of stakeholders, will require work outside of traditional business hours from time to time.
    • Excellent communication and organizational and project management skills are critical to the role.  Interaction with internal and external contacts includes Senior / Executive management, trading and marketing desks, corporate bankers, legal counsel, clients and industry players.  Effective presentation skills are essential.
    • Must be able to operate effectively within an exceptionally time sensitive environment with changing priorities and tight time frames which are closely scrutinized by Senior/Executive Management.
    • The position requires strong business acumen, sound judgment and critical thinking skills.  The incumbent must be an action-oriented and self-motivated multi-tasker who possesses strong relationship management skills.  It is critical that the incumbent be equally adept at both strategizing and implementing process change. 


    Location(s):  Canada : Ontario : Toronto 

    As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.


    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, please click here. 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.