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Summer Internship - Compliance

Job ID 106034 Mar. 02, 2020 London, United Kingdom

Join the Global Community of Scotiabankers to help customers become financially better off.

A Best Workplace
Scotiabank is a premier financial institution and Canada’s most international bank recognized as a Best Workplace®, in Canada, Mexico, El Salvador, Costa Rica, Puerto Rico, Dominican Republic, Panama, Peru, Chile and Latin America by the Great Place to Work® Institute.

A multinational winning team
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management, corporate and investment banking.

Corporate Social Responsibility
Scotiabank helps to build bright futures worldwide through ethical banking practices, environmental awareness and a commitment to communities.


Contributes to the overall success of the Compliance Department in London ensuring specific initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.


Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

Assist in the timely delivery of the annual thematic review plan by contributing towards individual reviews and ensuring they are completed on time, as well as maintaining a spreadsheet of all open issues and following up with action plan owners in order to ensure timely resolution of open issues.

Assisting in the preparation of traceability matricies in order to evidence design effectiveness testing results.

Assist, as required, on Conduct reviews and relevant risk assessments relating to privacy, data protection and IT security as necessary as well as attending meetings with the Privacy Manager / EPO and producing minutes and action summaries for review by the Privacy Manager.

Assist, as required, in identifying new regulatory requirements relating to wholesale financial markets, corporate banking, privacy, data protection and IT security as well as maintaining relevant associated records (such as iRCM).

Assist, as required, with regulatory registrations, including the registration of senior managers with regard to the UK’s Senior Managers and Certification Regime (SMCR).

Assist, as required, with requests relating to gifts and entertainment, outside business activities, personal trading and complaints.

Assist, as required, with producing Compliance Department management information as well as assisting with updating relevant Compliance registers/logs to ensure that issues identified are recorded, reported (including Daily Take Over Panel reporting) and resolved adequately

Assist, as required, with the development and maintenance of relevant Compliance Policies and Procedures as well as any associated training.

Provide support, as required, to the Compliance Department in business as usual tasks.

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

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 Code of Conduct.

Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.


Innovative, analytical and with the ability to apply critical thinking

Team-working and problem solving skills are key qualities along with the ability to work in a fast paced environment with a variety of people

Attention to detail and accuracy

Willing to get involved in variety of tasks and projects

Passionate about financial markets and understanding global trends and changing regulations

Genuine interest in building a long term career in Compliance

Predicted a 2:1 honours degree or equivalent in any discipline

Scotiabank is committed to providing an inclusive and accessible candidate experience. Only those candidates selected for an interview will be contacted. If you require accommodation during the recruitment and selection process, please let us know. We will work with you to meet your needs.

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