Manager, U.S. Operational and Data Risk

 

 

 

Requisition ID: 220639

 Salary Range: 90,000.00 - 167,200.00 

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 and Data 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. 

 

• As a member of the second line of defense for Operational and Data Risk in the U.S., the candidate will be responsible for Reporting Operational and Data Risk and covering second line of defense responsibilities for Data Risk in collaboration with the team's Senior Managers and Director. 
• The incumbent will automate and develop analytics for Operational and Data Risk to build insights using available operational risk data, e.g., Operational Risk Events. 

 

As the function evolves, the scope may expand to include other activities under the Operational and Data Risks.

What You’ll Do   

 

• Monthly Operational and Data Risk Reporting.
• Automation of manual reporting where possible, e.g., KRI management.
• Support data risk second line of defense responsibilities for the U.S. operations (starting with Corporate Functions).
• 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 and Data Risks. 
• Support the team in executing ORM activities such as New Initiatives assessment, KRIs, Issue and Action plan management, Risk Assessments, Scenario Analysis, and Operational Risk Events and reporting key outcomes. 
• Support the Director with special projects, continuous improvement initiatives and adhoc reporting.  

 

What You’ll Bring 

 

• A minimum of 2-3 years’ experience working in an enterprise risk, reporting or risk role at a financial institution.
• Working knowledge of Capital Markets and current regulatory environment in the Financial Services industry.
• A university degree in business, related field, or equivalent experience. Advanced degree preferred.
• Strong communications, analytical, organizational, and project management skills.
• Expert in MSOffice (Word, Excel, PowerPoint) and other related productivity tools; ability to code/script is