Manager, First Line Operational Risk, SBUS Risk Assessments and New Initiatives

 

 

 

Requisition ID: 209639

 Salary Range: 85,700.00 - 159,100.00 

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
 

As a valuable team member in the Internal Control group, employee will contribute to the success of the SBUS control framework by working with the U.S. Businesses in completing Risk and Control Self-Assessments (RCSAs) and in driving risk assessment of new initiatives.  The RCSA program is rapidly growing and requiring a motivated self-starter with strong judgment and analytical skills to not only focus on governing documentation, but also the continued execution and oversight of the US RCSA program.  Additionally, as the US businesses continue to grow, it is pivotal to link current risk and control levels with potential new initiatives.  This hybrid role, assessing both current risk from existing activities and emerging risk from new initiatives, will subsequently require the ability to connect key processes and operational risk frameworks, including but not limited to, new initiatives, business process mapping, operational resilience, etc., across all SBUS businesses and control/support functions (CSF).  

What You’ll Do 

 

• Strong non-financial risk, control, and regulatory experience in Capital Markets businesses able to effectively communicate with multiple stakeholders aligned to expert level in business/trading, operations, and risk conversations.

• Collaborate with stakeholders across the businesses and the three lines of defense, including First Line (FLSS), Second Line (Operational Risk Management), and Internal Audit, to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk. 

• Review, update, and maintain all related policies and procedures.

• Regularly create and compile requests from regulators and Internal Audit to facilitate examinations.

• Contribute to the evolution of the operational risk framework by driving consistency in data point gathering, including Operational Risk Events, Key Risk Indicators, etc., providing subsequent guidance for remediation if deficiencies identified.

• Serve as an effective risk manager to assist senior leadership in evaluating key operational risks across their business.

• Work to identify efficiencies in the US risk assessment process from initial NIA screener, to post-approval implementation, and ongoing monitoring with RCSA.

• Design, develop, implement, and execute the RCSA framework, plan, and overall evaluation of operational risk across all U.S. businesses (Equities, Prime Services, GBP, FICC, and CIB) 

• Serve as the first line risk