Senior Manager, Business Risk Management U.S. GTB

 

 

 

Requisition ID: 229447

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

 

Senior Manager, Business Risk Management - U.S. Global Transaction Banking

Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in­ class service model, making it easy for clients to do business with us.

 

As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB's comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk.

 

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

 

Purpose: 

Senior Manager, Business Risk, contributes to the overall success of the front office/business controls for U.S. Global Transaction Banking strategies and objectives. Providing supervisory support and devotes time learning subject matter expertise in the products and services offered by Scotiabank U.S. GTB business. Assist to ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. 
Provides leadership, guidance and ultimate accountability to ensure business controls are monitored and implemented across U.S. GTB to drive business outcomes. This role will also oversee BAU activities along with projects to provide necessary guidance and expertise to ensure successful delivery. The role provides consultative guidance to business partners and mentorship to junior team members. 

Accountabilities: 

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge;
• Lead self-identification of control gap activities / potential risks across all products (Deposits, Cash Management & Payments, Commercial Cards, Trade Finance and Working Capital Solutions) and functions for U.S. Global Transaction Banking;
• Owner for implementation of control gaps with support from Product Owners and Functions. Require ongoing tracking and monitoring.
• Lead governance forums with risk groups, business and internal controls to review overall health of the business;
• Support Internal Controls in completing compliance risk assessments (e.g., RCSA, CRCA, Risk ID, Scenario Analysis) and identify processes, risks, controls and corresponding ratings;
• Evaluate impact on operational risk management from changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes/new implementation, regulatory requirements;
• Participate in the collation of information required by regulators and internal audit to facilitate the latter’s examinations/reviews;
• Review regulatory and audit findings and work with business product owners to formulate responses;
• Experience in multiple, Cash Management, Global Transaction Banking Businesses (trade finance, term deposits, payments, liquidity management, DDA accounts with multi-currency support, correspondent banking, Spot FX, etc.);
• Knowledge in the operational aspects, compliance and business matters for various transactional / payment business lines including payments such as, FED wires, SWIFT, CHIPS, Domestic ACH, International ACH (IAT), Lockbox, and checks;
• Understanding of regulatory requirements related to some of the more complex U.S. Cash Management, GBP Deposits and Services, such as 15c3-3;
• Understanding of regulatory requirements related to some of the more complex U.S. Treasury services, such as Capital and Liquidity Requirements, Basel III, FRTB, Regulation D and Regulation W;
• Point person for front office business on operational/process, risk and compliance issues with the ability to communicate with senior personnel on detailed issues in business;