Scotiabank

Associate Director, Business Risk Management (GBM) - Toronto, ON

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • University degree in business, finance, or risk management
  • 5+ years experience in capital markets or risk management at a financial institution
  • In-depth knowledge of capital markets, financial instruments, and OTC derivatives
  • Strong quantitative and problem-solving skills
  • Knowledge of internal controls
  • Effective written and verbal communication skills
  • Experience with data visualization tools like PowerBI
  • Proficiency in data analysis with Python programming
  • Bilingual in English and either French, Spanish, or Portuguese is an asset

Responsibilities

  • Lead the development and maintenance of non-financial risk assessments
  • Oversee global execution of risk assessment activities
  • Manage incident and issue management initiatives
  • Develop and maintain the records management program
  • Innovate methods for record identification and retrieval
  • Monitor and validate recordkeeping practices
  • Design and produce performance dashboards and reports

Benefits

  • Onsite work arrangement four days a week
  • Inclusive work environment
  • Supportive company values and culture
  • Opportunities for professional development
  • Collaboration with senior management and executive committees
Full Job Description
Requisition ID: 271831

Associate Director, Business Risk Management (GBM) - Toronto, ON

Global Banking and Markets

Global Banking and Markets (GBM) conducts the Bank's wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

Purpose:

Contribute to the overall success of Non-financial Risk Assessments and Records Management programs, globally, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives

Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures

What You'll Do:
  • Risk Assessments: Lead and contribute to the development, implementation, and maintenance of GBM's non-Financial Risk Assessments, in compliance with applicable Bank Frameworks, Policies, Procedures and Guidelines
    • Lead and participate as a member of the team in overseeing the globally consistent execution on non-financial risk assessment activities, i.e. Risk Control Self Assessments, Compliance Risk Control Assessments, Third Party Risk Management, New Initiative Assessments
    • Lead and participate in Incident Management and Issue Management initiatives to ensure consistent execution globally
    • Act as central global non-Financial Risk Assessment GBM subject matter expert for GBM
  • Records Management: Lead and contribute to the development, implementation, and maintenance of GBM's records management program, in compliance with the Banks's records management Framework, Policies, Procedures and Guidelines
  • Lead and participate as a member of the team to innovate and create ways to identify, retain, retrieve and dispose of records in an efficient and effective manner
  • Lead the documentation and maintenance of procedures and guidelines in collaboration with Global Compliance, Technology and other control and support functions for recordkeeping requirements
  • Oversee and execute the periodic monitoring, testing and validation of records or recordkeeping, including monthly OTC Derivative trade reconstruction to test the Bank's ability to provide information to a regulator within 72 hours, when requested
  • Act as a global records management subject matter expert for GBM
  • Design and support the maintenance, creation and review of dashboards and reporting for performance oversight and monitoring for records management and non-financial risk assessments
  • Design and support the creation, aggregation, and disaggregation reporting, metrics and dashboards for GBM senior management, or executive committees (globally and regionally)
  • Lead and assist in the production of relevant, accurate, and comprehensive information in response to regulatory inquiries or Legal privilege and confidential requests for support
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions
  • Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
  • Champion a high-performance environment and contribute to an inclusive work environment
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
  • Other duties and projects may be assigned from time to time


What You'll Bring:
  • University degree in the business, finance or risk management disciplines
  • At least five years' experience in a capital markets or risk management role at a Financial Institution
  • In-depth knowledge of capital markets business, financial instruments and OTC derivatives
  • Strong quantitative and problem-solving skills
  • Strong knowledge of internal controls
  • Strong written and verbal communications and inter-personal skills
  • Proficient with data visualization tools such as PowerBI, desirable
  • Proficient in data analysis, specifically with Python programming language
  • Proficient in English and one of the following languages is an asset, French, Spanish or Portuguese


Work Arrangement:

This position is an onsite role, with the expectation that you will work 4 days a week in the office. Please note that this is subject to change based on the needs of the business.

#LI-Onsite #GBM

Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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