Vice President, Head of U.S. Operational Resilience

                                                                                                               

 

 

Requisition ID: 206668

Employee Referral Program – Potential Reward: $0.00 

Salary Range: 240,000.00 - 400,000.00 

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.

 

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Vice President, Head of U.S. Operational Resilience
Location: New York, NY 

Purpose:
Operational resilience has increasingly become a critical component of day-to-day operations for financial institutions. The ability to operate during disruptive events helps sustain business, minimize disruption, enhance client confidence, and ensure regulatory compliance.  Being operationally resilient will ultimately drive the overall success for Scotiabank U.S.
Reporting directly to the U.S. COO, the Head of U.S. Operational Resilience will be responsible for the overall implementation and oversight of the Operational Resilience program, partnering with senior level stakeholders across businesses, functions, and regions to drive success.  Highlights include:

• Opportunity to drive one of the most critical initiatives preparing the U.S. for further growth
• Close partnership with executives across the most senior levels within the U.S. and globally to share insights and drive change
• Direct business engagement, learning about day-to-day operations and overall functions, truly understanding how a business works
• Opportunity to be part of a virtual team that implements new businesses and activities from inception
• Creatively building a program from the ‘ground up’ based upon industry guidance, regulatory expectations, and best practices, bringing theoretical concepts to life
• Continuously learning and expanding skill sets as the Operational Resilience landscape continues to evolve

Primary Responsibilities:  

• Lead the development and implementation of the Operational Resilience strategy for the U.S. region, including providing strategic direction and leadership
• Oversee the integration of resilience considerations into existing business processes across existing businesses as well as new business initiatives, working closely with desk heads and other colleagues within the U.S. COO team
• Partner closely with leaders from other areas to ensure cohesiveness and consistency across pillars, including but not limited to, IT, Cyber, Business Continuity, Third Party Risk Management (TPRM), Operational Risk
• Liaise directly with the Cyber Resilience program, ensuring key cyber requirements are met with consistency
• Work closely with other GBM regions as well as Enterprise to ensure consistency in strategy and approach
• Present resilience program updates to senior management as well as governing committees (e.g. U.S. MRC) and prepare quarterly Board materials
• Ensure compliance with evolving internal and external guidelines, standards, policies, and regulations; prepare and submit reports to regulatory bodies as required
• Collaborate with the Incident Response Coordinator to manage the bank's response to incidents; proactively understand and drive an Operational Resilience lens within specific events
• Participate in post-incident reviews to improve future response efforts
• Manage relationship with consultancy firms and other possible vendors during program build phase
• Prioritize resources, activities, and funding to support the resilience program

Additional Responsibilities:

• Own the controls framework within U.S. Operational Resilience; ensure timely and adequate closure relating to regulatory findings, audits, and/or first line testing; proactively identify areas for improvement, taking initiative to remediate
• Oversee cost budgets and managing within targets; actively look for cost efficiencies where appropriate
• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships 
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursue 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, AM