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Compliance Analyst - maintaining a database of regulations that different business teams must follow along with associated regulations and compliance pieces.- 28818

Job Type: Contract
Positions to fill: 2
Start Date: Feb 06, 2023
Job End Date: Oct 31, 2023
Pay Rate: Hourly: Negotiable
Job ID: 126386
Location: Toronto
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Location Address: 4 King Street W 12th Floor (4KING12) – hybrid – 1 day onsite
Contract Duration: 02/01/2023 to 10/31/2023
Number of Positions: 2


Business group:
The Global Compliance Transformation team is responsible for maintaining a database of regulations that different business teams must follow along with associated regulations and compliance pieces.
Candidate Value Proposition:
The successful candidate will learn about regulatory obligations, Scotiabank’s Compliance function, and different business units and support functions under the Canadian Banking umbrella. The successful candidate will also have the opportunity to participate in various partner/stakeholder meetings to get exposure to different areas. The role is suited to an individual who is interested in learning about Canadian regulations, Canadian Banking Compliance monitoring methodology, and business areas within the Bank.

Responsibilities:
• Understand the Regulatory Library, including taxonomies, and CRCA process
• Add/Review controls tagged to business units in the Monitoring database to see where gaps exist
• Attend/Participate in business unit meetings to fully understand their processes which will assist in the 2nd Line monitoring build
• Draft/Record relevant documentation such as: Monitoring processes, procedures, reporting, etc.
• Develop, enhance and/or performs monitoring activities to identify patterns, gaps, themes and/or trends in compliance controls (including sales practices, complaints, conduct, etc.) that may indicate control weaknesses and potential risk
• Performs ad-hoc, unique and/or focused monitoring reviews as necessary; and other duties and projects as assigned.

Must Have Skills:
1) 3+ years of experience as Compliance Analyst at the big 5 banks
2) Proficient in Microsoft suite (Word, Excel, etc)
3) 1+ years of experience in documenting processes, procedures, methodology, etc.

Nice-To-Have Skills:
• Prior experience with Scotiabank or another FI
• Knowledge of Canadian Banking delivery channels, products, and services
• Strong understanding of CB regulations and compliance risk
• Understanding of testing/monitoring concepts
• Prior IBM Open pages experience
•Sharepoint experience

Education & Certificates:
• Post-secondary education, preferably in Business Administration, Accounting, or Finance