Senior Manager, U.S. Operational Risk

Requisition ID: 204416

Salary Range: 110,700.00 - 211,800.00

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 candidate will be responsible for implementing and ongoing execution of the U.S. Operational Risk Management Framework. The framework encompasses the key components of Enterprise Risk Management, including, but not limited to, Risk and Control Self Assessments (“RCSAs”), Risk identification, Operational Risk Events, Key Risk Indicators (“KRIs”), Non-Financial Risk Management Committee, and ongoing reporting and monitoring.

The Operational Risk Senior Manager is accountable for management of complex and large disciplinary areas which requires comprehensive understanding of multiple areas and how they interact. Applies in-depth understanding of business impacts to help manage operational risks.

As a member of the second line of defense for Operational in the U.S., the candidate will be responsible for providing strategic leadership and oversight of the bank’s operational risk management framework. The role involves collaborating with senior management to ensure effective risk management across all business units and corporate and support functions.

• The incumbent will be responsible for oversight of RCSA execution, support the Key Risk Indicators management, Issues Management, Operational Risk Events, New Initiatives, and providing support and guidance to the first line to manage operational risks.

• The senior manager will collaborate closely with the team's Director to identify and execute areas of improvement to strengthen the 2nd Line Operational Risk coverage.

• As the function evolves, the scope may expand to include other activities under Data Risk.

What You’ll Do

• Lead the development and implementation of Operational Risk Management Framework (ORMF).

• Challenge U.S. new products and services risk assessments to ensure all risks in the Bank's Inventory of Operational Risks are appropriately considered.

• Collaborate with U.S. Businesses and support groups on Key Risk Indicators. Ensure appropriate KRI owners are identified and provide timely information. Partner with the Director on changing the ORM role in KRI management.

• Provide support for the timely escalation of review findings and reporting on status of remediation. This includes accountability of reporting to senior management, committees on Operational Risk.

• Support the Key Risk Indicators management which includes ensuring data integrity in the ORM KRI tool. Collaborate with U.S. businesses and support groups on Key Risk Indicators. Ensure appropriate KRI owners are identified and provide timely information.

• Conduct risk assessments and scenario analysis to identify emerging risks and vulnerabilities. Assess the current scenario analysis program and implement changes to strengthen the process.

• Foster a strong risk culture across the organization through training and awareness programs.

• Support the Director with special projects, continuous improvement initiatives and adhoc reporting.

What You’ll Bring

• A minimum of 10+ years’ experience working in an enterprise risk, role at a financial institution.

• Working knowledge of Capital Markets and current regulatory environment in the Financial Services industry.

• A university degree in business, related field, or equivalent experience. Advanced degree preferred.

• Strong communications, analytical, organizational, and project management skills.

• Ability to communicate clearly and effectively, both verbal and written with all levels including business units, Corporate Functions, Internal Auditors, management, and regulators.

• Strong team player who is open to listening, understanding, and collaborating with senior management when introducing new ideas and legislated policy recommendations for action or change.

• Ability to work independently within minimal supervision.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s): United States : New York : New York City

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.