Senior Manager, Finance Operational Risk Assurance

 

 

 

Requisition ID: 270585

 

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

 

Contributes to the overall success of the Finance Department in United States of America ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted comply with governing regulations, internal policies and procedures.

 

The role has responsibility for implementing and maintaining the quality assurance program for U.S. Finance, for establishing internal control standards, manage various types of engagements and for implementing change management.

 

In addition, this role is also responsible for the development and maintenance of policies and procedures to improve internal controls. The role owns and helps direct the issue management process. The incumbent will be responsible for reviewing outstanding control and reporting issues, performing analysis to identify themes, determining the root cause of the operational weakness, and preparing dashboards and reports to communicate the current state of internal controls and the operational performance of U.S. Finance.  The role will champion the use of AI and embed AI usage in processes to enhance efficiency.

 

This role will have interactions with a broad range of professionals at various levels in U.S. Finance and with other key stakeholders such as operations, product control, audit, business lines and will be expected to influence and educate them on strong internal controls and enhancing existing processes based on review results.

 

 

What You’ll Do 

 

• Responsible for design and execution of strategies and testing plans to verify the adequacy of controls over regulatory reporting; validation to source documents (transaction testing); and ensuring compliance with FRB regulatory reporting instructions for Foreign Banking Organizations.
• Responsible for design and execution testing plans to verify the adequacy of internal controls over financial reporting.
• Responsible for reviewing outstanding issues relating to source validation, reporting and controls, performing analysis to identify themes, determining the root cause of the weakness and preparing reports to communicate the test findings.  Resolve issues / negotiate solutions within Finance and other stakeholders.
• Develops, maintains, and facilitates updates of Policy and Procedure documentation. Plans and coordinates training program for U.S. Finance - FORA.
• Reviews reporting on quality assurance and on operational metrics (key performance indicators) for U.S. Finance.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Liaisons with Auditors and Regulators, as required and assist in the regulatory examination of U.S. Finance by the Regulators.
• Works as U.S. Finance Committee Secretary.
• Provides