Senior Manager, First Line Supervision & Support, Treasury and Business Payments

 

 

 

Requisition ID: 191902

 Salary Range: 110,700.00 - 211,800.00 

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:

 

Senior Manager, Internal Control (1B) FLSS, contributes to the overall success of the front office/first line of defense 1B control group within the United States ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the Treasury strategies and objectives. Assist in providing supervisory support and devotes time learning subject matter expertise in the products and services offered by Scotiabank U.S. businesses. Assist to ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

 

What You’ll Do:

 

• Experience in Treasury and Payments Businesses (Liquidity Management, Payments, FX, Deposits and Cash Balance) being able to effectively communicate with Senior Front Office traders and sales/relationship managers in operations, business and risk conversations;
• Expert in the operational aspects, compliance and business matters for various Treasury and Payments business lines, including various deposit and treasury products/services;
• 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;
• Drive analyses of operational risk events (losses, gains and near-misses) to ascertain underlying causes and formulate action plans to address process breakdowns;
• Assist the business in coordinating and performing timely review of new transactions, products, and/or methods for effectuating transactions;
• Lead/direct/execute delegated supervisory tasks from the businesses (1A);
• Monitor adherence to related controls designed to manage risk and compliance; for example, but not limited to, limit breaches, market abuse, fair dealings with clients, auctions and compliance with regulatory requirements;
• Collaborate with Compliance and Risk Groups in supervisory reviews (e.g. Regulation D, Regulation W, Liquidity Portfolios Risk Review, etc.) through same-day and T+1 monitoring;
• Create monthly oversight reports, including trend analysis, for delivery to and discussion with the respective head traders/business line heads;
• Develop and maintain supervisory procedures at the business line/desk level;
• Develop and provide training to business line (1A) personnel on non-financial risks and controls and supervision procedures;
• Participate in RCSA, other Risk Assessments (e.g. Risk ID) and liaise with 1A to 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 line management (