Senior Manager, First Line Operational Risk, New Initiatives and Third-Party Risk Management

 

 

 

Requisition ID: 214390

 Salary Range: 117,400.00 - 224,700.00 

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! 
 

 

Overview
 

Contributes to the overall success of Internal Controls and Third Party Risk within the United States ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the business’s strategies and objectives. Provides support and serves as a subject matter expert in Third Party Risk. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. The US Internal Controls Third Party Risk team is responsible for the execution of the US Third Party Risk Framework. As the first line of defense for Third Party Risk in the United States, this role supports US Third Party Risk to provide oversight of third party services as well as developing the methodologies, processes, and tools to support the U.S. Third Party Risk Program and satisfy supervisory and management expectations. 
 

 

What You’ll Do 

 

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

• Partners with business units, operations, technology, risk management and other stakeholders to understand the business environment, evolving business priorities, and obtain key data and information.

• Provide timely and high quality responses to inquiries from regulators, internal audit and senior management.

• Key leader in providing effective oversight and governance of our third-party relationships and all aspects of the vendor & service management lifecycle:

  • Facilitate third party service due diligence & risk assessments.

  • Review contracts/agreements.

  • Conduct ongoing monitoring for existing third party relationships.

  • Support business units with onboarding, off boarding and contract renewals with third-party vendors.

  • Coordinate and develop quality assurance and effective oversight processes and execute said processes on an ongoing basis.

  • Working knowledge of assessment groups and associated processes to aid in service reviews.

  • Develop training materials and provide training and education to business line and support function stakeholders.

  • Partner with Third Party stakeholders (e.g. Legal, Operations, Technology, etc.) stakeholders to gain buy-in for various initiatives.

  • Provide guidance to and work with the first line of defense in translating third party management requirements