Senior Analyst - Internal Control FLOR Operational Risk and New Initiatives

 

 

 

Requisition ID: 191848

 Salary Range: 67,400.00 - 125,200.00 

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.

 

Senior Analyst - Internal Control FLOR Operational Risk and New Initiatives (191848)

 

 

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


The Senior Analyst contributes to the overall success of the U.S. New Initiative Approval (NIA) process ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. As a Senior Analyst, you will ensure that all activities conducted are compliant with governing regulations, internal policies and procedures. This position contributes to the overall success of the SBUS control framework by working closely with the first line of defense/1A business as well as second line of defense to ensure activities conducted are compliant with governing regulations, internal policies and procedures with a focus on New Initiatives.  In addition, you will provide 1st line of defense support in managing non-financial risks inherent to new products and services offered by Scotiabank SBUS capital markets trading businesses. The Position will assist in implementing industry best practices and 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 Bank relationships, 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 implement process changes to address U.S. external agency findings and to strengthen the U.S. NIA process from submission of screeners through to post approval implementation reviews.

• Assist in all aspects of the U.S. NIA process, including:

  • Work with business to assess screener and new initiatives

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

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

  • Assist in preparing NIA update slides for,numerous management committees

  • Assist in preparing NIA agendas for monthly and ad hoc U.S. NIA Committees

  • Ensure the completion of outstanding post implementation reviews for previously approved NIAs

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

• Liaise with Internal Control and GOR teams in Toronto on process changes at the enterprise level and work across all regions within GBM to develop a consistent NIA framework.

• Communicate effectively with senior capital markets personnel on detailed issues in business.

• Coordinate in the collation of information and execution required by regulators and internal audit to facilitate the latter’s examinations/reviews.

• Assist in the development of training materials to business line (1A) personnel on risks, controls and procedures related to U.S. NIA process.

• Understand how the Bank’s risk appetite and risk culture should be consi