Senior Manager, U.S. Operational Risk

 

 

 

Requisition ID: 204416

 Salary Range: 110,700.00 - 211,800.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

 

Global Banking and Markets 

 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose

The candidate will be responsible for implementing and ongoing execution of the U.S. Operational Risk Management Framework. The framework encompasses the key components of Enterprise Risk Management, including, but not limited to, Risk and Control Self Assessments (“RCSAs”), Risk identification, Operational Risk Events, Key Risk Indicators (“KRIs”), Non-Financial Risk Management Committee, and ongoing reporting and monitoring. 

 

The Operational Risk Senior Manager is accountable for management of complex and large disciplinary areas which requires comprehensive understanding of multiple areas and how they interact. Applies in-depth understanding of business impacts to help manage operational risks. 

 

As a member of the second line of defense for Operational in the U.S., the candidate will be responsible for providing strategic leadership and oversight of the bank’s operational risk management framework. The role involves collaborating with senior management to ensure effective risk management across all business units and corporate and support functions. 

 

• The incumbent will be responsible for oversight of RCSA execution, support the Key Risk Indicators management, Issues Management, Operational Risk Events, New Initiatives, and providing support and guidance to the first line to manage operational risks. 
• The senior manager will collaborate closely with the team's Director to identify and execute areas of improvement to strengthen the 2nd Line Operational Risk coverage. 
• As the function evolves, the scope may expand to include other activities under Data Risk.

What You’ll Do

 

• Lead the development and implementation of Operational Risk Management Framework (ORMF). 
• Challenge U.S. new products and services risk assessments to ensure all risks in the Bank's Inventory of Operational Risks are appropriately considered.
• Collaborate with U.S. Businesses and support groups on Key Risk Indicators. Ensure appropriate KRI owners are identified and provide timely information. Partner with the Director on changing the ORM role in KRI management. 
• Provide support for the timely escalation of review findings and reporting on status of remediation. This includes accountability of reporting to senior management, committees on Operational Risk. 
• Support the Key Risk Indicators management which includes ensuring data integrity in the ORM KRI tool.  Collaborate with U.S. businesses and support groups on Key Risk Indicators. Ensure appropriate KRI owners are identified a