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Vice-Presidence Derivatives Compliance Surveillance Program Primary Location: QC-Montreal Island-Montreal DowntownEmployee Status: Regular Schedule: Full-time Description
The Vice-Preisident of the Derivatives Compliance Surveillance Program will have a leadership role within the Derivatives team of the Financial Markets Compliance department to develop, implement and administer a derivatives' surveillance program for all the activities of the Financial Markets group.
Essential Position Responsibilities
. As key subject matter expert, provide reasonable assurance that the regulatory and compliance requirements applicable to the operations and activities of the Financial Markets Derivatives businesses are being met in an effective, efficient and proactive manner, through the ongoing development, implementation and management of an effective compliance risk management program related to the Derivatives platforms, both for listed and OTC derivatives. This is a leadership role within Financial Markets Compliance.
. Create, execute and maintain a monitoring and surveillance program designed to assess adherence to various market integrity rules, regulatory requirements and street best practices. Play a leadership role to elaborate and implement a surveillance program for OTC derivatives activities that is adapted to the nature of various internal activities and of industry best practices and tendencies (CAN, US, MIFID
. Continually assess and manage the compliance regulatory risk to which NBF and NBC businesses are exposed and ensure the compliance program is kept up to date, including the development and ongoing revision of policies and procedures, as deemed necessary, in order to ensure compliance with legal and regulatory requirements and industry best practices.
. Overall people management responsibilities for two senior staff, including recruitment, onboarding, training, career management and retention initiatives.
. Monitor adherence to internal derivatives compliance policies and procedures and escalate any significant issues on a timely basis in order to ensure appropriate action is taken in accordance with regulatory requirements and internal protocols. This role requires ongoing collaboration with peers and staff within the Financial Markets Compliance group.
Qualifications. Bachelor's degree and ten years of relevant experience or a master's degree and eight years of experience; the degree must have been obtained in finance or in accounting, while the experience can have been acquired in internal audit, in compliance, in risk management or in regulatory agencies;
. Successful completion of relevant industry courses demonstrating a high-level of expertise in compliance and in derivatives, with the related credentials. The CFA charter would be an asset;
. Ability to prioritize and to adapt quickly to changes in a fast-paced environment, with a strong solutions orientation;
. Capacity to conceptualize and manage the development of electronic tools for transactional monitoring;
. A thorough knowledge of derivatives products and activities, of their operational and transactional processes and of their systems, as well as a good general knowledge of Financial Markets' activities are required;
. Demonstrate an attention to detail and very strong analytical skills (understand complex regulatory requirements and be able to apply them to complex business units);
. Possess a thorough knowledge of the compliance regulatory framework applicable to Canadian financial institutions, to brokers and to over-the-counter derivatives transactions;
. Show excellent communication skills at all line levels;
. Proactive individual with ability to work well within a team and with many stakeholders;
. Bilingualism (English and French both spoken and written, is required.
Diversity is an integral part of the Bank's values and commitments. Particular condition (external): Please note that the position will be posted for an initial 2-week period, but will remain online until it is filled. After this time, candidates may be selected to fill future positions. Number of Openings: 1Job field: ComplianceJob Posting: Oct 28, 2014Unposting Date: Ongoing Job Number: COM000EN
Career Level: Experienced
Industry: Financial Services and Banking
Job Function: Financial Services