Scotiabank: A Leading Pioneer in Global Banking and Markets
Scotiabank, a prominent figure in the banking industry, is known for its commitment to its employees and their career progress. The bank’s dedication to professional growth is evident in its comprehensive employee referral program, where potential rewards reach up to $3,500.00. With Requisition ID: 247734, the bank continues to show its commitment to creating an inclusive and accessible environment for everyone, setting a standard for other corporate entities to follow.
Scotiabank’s unique approach to salaries is also noteworthy. Instead of sticking to a rigid scale, the bank offers a salary range that’s tailored to the successful candidate’s relevant knowledge, skills, and experience. This flexible approach ensures that employees are compensated fairly for their expertise and contributions, fostering a more motivated and productive workforce.
Global Banking and Markets: Scotiabank’s Innovative Business Division
Global Banking and Markets (GBM) is a key business division of Scotiabank that has been operating globally for over a century. With a growing platform in the US and Latin America, GBM provides a crucial bridge to this significant global market for trade and investment flows across the Americas and the world.
GBM offers a comprehensive range of investment banking, credit and risk management products and services designed to meet the financing and strategic development needs of its clients. These 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. Furthermore, GBM also cross-sells the full range of wholesale products and services provided by the Scotiabank Group.
A Unique Geographical Footprint and Commitment to Innovation
Scotiabank’s GBM division stands out from the crowd with its innovative approach and unique geographical footprint. Its commitment to putting capital to work for clients across industries is unparalleled. The GBM team works collectively to drive ambition for every future, demonstrating the bank’s commitment to its clients’ success.
Role Focus: Ensuring Compliance and Regulatory Adherence
The primary purpose of the role with Requisition ID: 247734 is to support and coordinate Compliance Testing reviews for GBM and Treasury (GBM&T) business operations in International Banking (IB). The role involves providing subject matter expertise, oversight, and reporting across the IB countries for GBM products, services, and processes.
The responsibilities of the role include overseeing compliance testing for International Banking businesses, identifying and escalating potential control gaps and non-compliance issues, and ensuring timely resolution of recommendations and deficiencies. The role also involves educating team members on relevant business areas and regulatory requirements and assisting in the development and maintenance of the annual testing plans and progress reports.
Role Requirements: Compliance Experience and Bilingual Skills
The successful candidate for this role will bring a wealth of experience in compliance, audit, or regulatory exam support, including a testing or audit background. A background in broker-dealer inspections, institutional trading & sales, investment banking, futures commission merchant, swap dealer activities, commercial banking, investment management, and corporate functions is essential.
Furthermore, familiarity with applicable SEC, FINRA, CFTC, NFA, Federal Reserve and state banking rules applicable to international banks conducting institutional trading & sales, investment banking, investment management, and commercial banking in the U.S is required. The candidate must hold a BA/BS or international equivalent degree, and bilingual skills with fluency in Spanish are essential.
Candidates interested in this role can apply directly online. Scotiabank is committed to creating and maintaining an inclusive and accessible environment for everyone and evaluates applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.
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Scotiabank: Championing Diversity and Inclusion
Scotiabank is a leading bank in the Americas that values the unique skills and experiences each individual brings to the Bank. Guided by their purpose: “for every future,” they help their 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.
