Security Based Swap Dealer Compliance Officer

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Security Based Swap Dealer Compliance Officer
Duties: Responsible for compliance and regulatory matters relating to the Bank’s Dodd-Frank Title VII obligations. Assist the BNS Swap Dealer Chief Compliance Officer in the implementation of and business as usual execution of all compliance related activities of the Security Based Swap Dealer (SBSD), including facilitating SBSD registration. Assist the Swap Dealer, FCM and Commodities Compliance team with advisory coverage of swap dealer, futures, commodities, and foreign exchange businesses, including the sales and trading activity in the U.S. office, as well as the global impact of the relevant U.S. regulations. Assist the BNS Swap Dealer Chief Compliance Officer in the development and implementation of the Bank’s Security Based Swap Dealer (SBSD) compliance program, including facilitating SBSD registration. Following implementation of the SBSD compliance program assume day-to-day responsibility for the SBSD Program. Assist the Swap Dealer, FX, FCM and Commodities Compliance team with advisory coverage of swap dealer, futures, commodities, and foreign exchange businesses, including the sales and trading activity in the U.S. office, as well as the global impact of the relevant U.S. regulations. Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Provides advice on relevant regulations and internal policies and procedures to internal stakeholders, including trading and sales personnel. Provides training and education to make employees aware of their compliance responsibilities, including conducting formal and informal compliance training, creating training and educational materials (memoranda, presentations, bulletins). Monitors and identifies regulatory, compliance and industry developments through review of publications, participation in industry associations, dialogue with regulators, and interactions with counsel and auditors. Evaluates new products, programs, services and business initiatives to ensure compliance issues are identified and addressed and an appropriate Compliance program to support the initiative is implemented. Develops or participate in the development of new and enhanced Compliance policies, procedures, manuals and systems as the result of identified deficiencies, new or changed regulations and/or to enhance the overall effectiveness and efficiency of the Compliance function. Coordinates with central compliance groups, including Testing and Surveillance, to provide reasonable assurance that the firm is in compliance with applicable regulatory requirements and internal policies and procedures. Investigates possible instances of non-compliance. Assists in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators, particularly the U.S. Securities and Exchange Commission (“SEC”), U.S. Commodity Futures Trading Commission (“CFTC”), and National Futures Association (“NFA”). Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions. Actively pursues effective and 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, 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.

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