Compliance Officer, Wealth Management Complaints & Investigations

Job title:

Compliance Officer, Wealth Management Complaints & Investigations

Company

Scotiabank

Job description

Requisition ID: 206640Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.Purpose
Support the Wealth Management Complaints and Investigations program covering the various Canadian Wealth Management entities in the Scotiabank Group, in handling client complaints, regulatory reporting and response obligations.Accountabilities

• Administer the client complaint process including:
• Onboarding complaints;
• Create e-file folders for complaints;
• Communicate with various parties involved in the complaints (branch manager, advisor and client);
• Notify regulators of complaints, internal investigations and civil claims via METS and ComSet systems;
• Mail or email client correspondence;
• Track and ensure complaints are handled within specific requirements (e.g. acknowledgement completed within five business days);
• Submit approval requests for Full and Final Release Forms to SM; and
• E-file client communication, evidence of complaint review, internal communication and branch correspondence.
• Assess, analyze and investigate client complaints (with SCO assistance as required), including:
• Determine issues;
• Perform detailed analysis and provide recommendation for resolution;
• Perform profit/loss calculations; and
• Prepare substantive responses for service complaints, and for regulatory complaints at the discretion of the SM, for SCO or SM review.
• Prepare materials in response to regulatory examinations and investigations and assist legal counsel as required in preparing cases for arbitration, SRO disciplinary proceedings or civil litigation.
• Assist the SCOs and Senior Managers in preparing documentation requested by the Regulators.
• Collaborate with other service providers/support units, such as, Scotiabank Operations groups, Escalated Customer Concerns Office, Contact Centres.
• Assist with managing the various email inboxes maintained by the Complaints and Investigations Department.
• Assist with the maintenance of various complaints logs for complaints and investigations as assigned.
• Evaluate and make recommendations for the development/enhancement/clarification of policies, practices, procedures, and/or systems changes necessary to support ongoing compliance, including recommending policy and procedure changes based on complaint
• Other duties and projects as may be assigned.

Education/Experience

• College Diploma or University Degree
• Minimum 3 years of related experience at a large financial institution or established securities or another financial services activity regulatory agency
• Relevant securities courses, e.g. Canadian Securities Course and Conduct and Practices Handbook Course offered by the Canadian Securities Institute
• Experience working in or with Canadian Banking or Wealth Management considered an asset
• General understanding of Canadian regulatory and industry trends related the skills to translate requirements into efficient and effective, policies, procedures, controls, systems and training
• An enquiring mind, excellent judgment, strategic thinking skills and attention to detail
• Excellent written and verbal communication skills
• Ability to learn and adapt to rapidly changing regulatory and business environments
• Able to work independently and with other staff across functional lines within the Bank
• Bilingual (English and French) would be an asset

Location(s): Canada : Ontario : TorontoScotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our 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.At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

Expected salary

Location

Toronto, ON

Job date

Wed, 11 Sep 2024 22:43:17 GMT

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