Manager, First Line Operational Risk and New Initiatives, US Internal Control

 

 

 

Requisition ID: 233332

 Salary Range: 76,500.00 - 142,120.00 

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 Manager, First Line Operational Risk and New Initiatives contributes to the overall success ofthe U.S. New Initiative Approval (NIA) process ensuring specific individual goals, plans, initiativesare executed / delivered in support of the team’s business strategies and objectives. This Managerensures that all activities conducted are compliant with governing regulations, internal policies andprocedures. This position contributes to the overall success of the SBUS control framework byworking closely with the first line of defense/1A business as well as second line of defense toensure activities conducted are compliant with governing regulations, internal policies andprocedures with a focus on New Initiatives. You will also provide 1st line of defense support inmanaging non-financial risks inherent to new products and services offered by Scotiabank UScapital markets trading businesses. This position will assist in implementing industry best practicesand developing regulatory requirements related to Operational Risk and U.S. NIA processes.

 

What You’ll Do 

 

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

• Assist the business in coordinating and performing timely review of new transactions, products,and/or methods for effectuating transactions in accordance with Scotiabank’s U.S. NIA process.

• Work to identify efficiencies in the U.S. NIA process from submission of screeners through topost approval implementation reviews.

• Engage on all aspects of the U.S. NIA process, including:

  • Work with the business to assess screener and new initiatives

  • Work closely with Enterprise Risk Management to ensure efficient review of all screener/NIAs

  • Organize and lead working group meetings for all in-scope initiatives

  • Follow-up with Control & Support Functions on completion of independent risk assessments

  • Prepare NIA materials for, and present at, numerous management committees

  • Prepare NIA agendas for monthly and ad hoc U.S. NIA Committees

  • Prepare meeting minutes

  • Ensure the completion of outstanding post implementation reviews for previously approvedNIAs

  • Serve as point of contact and work independently with stakeholders

• Act as delegated backup for the current U.S. Internal Control team lead for NIA process.

• Liaise with global teams on new global products, services and initiatives that impact the U.S.

• Liaise with Internal Control and GOR team