Senior Manager, Third Party Risk, US Internal Control

 

 

 

Requisition ID: 189311

 Salary Range: 106,400.00 - 203,600.00 

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! 

 

Overview/Purpose:

 

 

This role contributes to the overall success of Internal Control, Third Party Risk ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the business’s strategies and objectives. Provides support and serves as a subject matter expert in Third Party Risk.  Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.   The U.S. Internal Control, Third Party Risk team is responsible for the execution of the U.S. Third Party Risk Framework.  As the first line of defense for Third Party Risk, this role supports the Director, Internal Control, Third Party Risk to provide oversight of all third party supplier relationships as well as developing the methodologies, processes, and tools to support the U.S. Third Party Risk Program and satisfy supervisory and management expectations.

 

What You’ll Do:

 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Partners with business units, operations, technology, risk management and other stakeholders to understand the business environment, evolving business priorities, and obtain key data and information.
• Maintains an ongoing business relationship with all third party suppliers.
• Provides timely and high quality responses to inquiries from regulators, internal audit and senior management.
• Key leader in providing effective oversight and governance of all third-party relationships and all aspects of the vendor & service management lifecycle, including:
  • Third party service due diligence & risk assessments
  • Reviewing contracts/agreements
  • Ongoing performance monitoring
  • Incident and issues management, including reporting
  • Onboarding, off-boarding and contract renewal support for third-party vendors
  • Coordinate and develop quality assurance and effective oversight processes and execute said processes on an ongoing basis
  • Working knowledge of assessment groups and associated processes to aid in service reviews
  • Develop training materials and provide training and education to business line and support function stakeholders
  • Create and continuously improve various standards governing the framework (e.g., Third party incident monitoring templates, SLA monitoring guidelines)
  • Partner with Third Party stakeholders (e.g. Legal, Operations, Technology, etc.) stakeholders to gain buy-in for various initiatives
  • Provide guidance to and work with the first line of defense in translating third party management
  • requirements into practical considerations
  • Aid in the facilitation of the third party risk assessment process
  • Review existing and evolving regulations and craft implementation to enhance the framework accordingy

• Lead multiple projects with multiple vendors and other projects and duties that may be assigned.
• Maintain a high level of awareness of related changes and developments in Third Party Risk through the review of publications, seminars, employee training, etc., and develop and enhance policies, procedures