Purpose

The objective of the Compliance Officer (CO) is to contributes to the overall performance of the Global Compliance Trade Surveillance Department (GCTS) within Global Banking and Markets & Treasury (“GBM&T”) Compliance and support the development and management of the GCTS Governance and Strategy program in compliance with governing regulations, internal policies and procedures, Service Level Agreements and enterprise standards.

Accountabilities

• Focus on developing a high level of understanding of the products, markets, systems regulations and personnel necessary to exercise judgement to identify, diagnose, and problem-solve within the policies and procedures.

• Assist in the development and enhancement of procedures and processes of the surveillance program governance.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Assist in responding to regulatory and internal audit inquiries, which includes gathering documents and/or data extracts. Actively providing support for any remediation or issue management to its closure.

• Assist in supporting the coordination of internal and external regulatory examinations and findings resolution monitoring / reporting.

• Assist other team members and provide coverage support within the team and other projects as assigned.

• 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.

• Collaborate with various stakeholders and global GCTS team to consolidate, construct and maintain KRIs and KPIs to monitor the effectiveness of the GCTS Governance and Strategy program.

• Organize, facilitate and participate in risk and control meetings and document and maintain record keeping for these to ensure record keeping and documentation requirements are met.  

• Supporting the overall design and implementation of enhancements to the GCTS Governance and Strategy program including updates to governance processes and execution on elements of projects to enhance the program leveraging industry’s best practices.

Education/Experience

• Post-Secondary education and/or professional designations

• Securities licenses, Canadian Securities Course, Conduct and Practices Handbook Course (CPH), Trader Training Course (TTC) and/or the Derivatives Fundamentals Course (DFC) preferred

• Minimum of 3-5 years of related experience at a financial institution and/or regulated securities dealer

• Able to work independently and with other staff across functional lines within the Bank

• In-depth knowledge of regulatory and compliance requirements

• Identify external market activity, news and additional factors that may influence trading activities

• A comprehensive understanding of the Investment Industry Regulatory Organization of Canada (IIROC) dealer rules and Universal Market Integrity Rules, Montreal Exchange Rules, Financial Industry Regulatory Authority (FINRA) rules, as well as a sound understanding of Canadian provincial securities legislation applicable to trading activities and capital markets, Dodd-Frank Act, Volcker Rule and MiFID II or MAR

• Proficiency in excel macros, custom coding and desktop tool building capabilities preferred but not required

• Strong analytical and investigative skills and demonstrated ability to operate at a strategic level

• Sound judgment in identifying risks in order to proactively escalate with relevant senior management

• Excellent oral and written communication skills