Manager, US Risk Analytics

 

 

 

Requisition ID: 252764 

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

 

Purpose

 

Contributes to the overall success of the Risk Analytics Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

What You’ll Do 

 

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Contribute toward the risk assessment programs including U.S. risk identification program, Top and Emerging Risk Assessment, RCSA, Risk Management Effectiveness etc.) 

  • Run workshops for assigned business lines

  • Work with stakeholders across Lines of Business, Risk Management to develop, maintain and update the material risk inventory, control framework, and risk identification processes.  

  • Monitor risk trends across all risk types and businesses, recognize and review new or emerging risks and analyze linkages between risks. 

  • Coordinate ongoing enhancements to the Risk Identification Framework. 

  • Produce documentation and presentations to effectively communicate key information to senior management and regulators. 

  • Aggregate survey results thematically

  • Work with multiple stakeholders to ensure consistency of ratings across legal entities and risk types

• Responsibility for running of monthly loan book stress testing.

  • Analyze assumptions to ensure continued applicability.

  • Run monthly stress testing results.

  • Review monthly file from credit risk to determine any limitations.

  • Liaise with partners in credit risk to troubleshoot issues.

• Assist in the development of Scotiabank U.S. (SBUS) enterprise stress testing framework in line with U.S regulatory expectations, working closely with Head Office Risk Analytics group and U.S. based risk groups to utilize existing capabilities and enhance capabilities as needed.

• Manage, monitor, and create reports on risk analytic measures such as

  • Risk appetite metrics;

  • The Bank’s U.S. aggregate exposure to approved limits including limit breaches and remediation; 

  • Trends in the aggregate exposures by portfolio; 

  • Exceptions to approved policies or frameworks; and  

  • Broader business and emerging risks.

• Participate in evaluation of risk analysis of the Strategic Plan

• Contribute to assessments of Environmental Risk

• Contribute the creation of a Strategic Risk assessment program in the United States

• Develop appropriate reports and analyses for the Board Risk Committee and other management level risk committees and regulators.

• Create policies and procedures where applicable.

• Support special projects as assigned

• 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 their 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.

• Champion a high performance environment and contributes to an inclusive work environment.

What You’ll Bring 

 

• At least a Bachelor’s degree in a related discipline. Master's degree, recognized professional designation in a specialized area of finance or business, or equivalent, is an asset.
• 3+ years of progressively higher levels of responsibility in a related discipline
• Knowledge of enterprise, credit, market, o