Requisition ID: 263166
Associate Director, Business Risk Management - Toronto, ONGlobal 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.
Overview:Business Risk Management (BRM) is the 1B team responsible for the effective execution of first-line supervision and oversight of the non-financial risks within GBM businesses in Canada. Operating within a hub-and-spoke model, BRM Canada ensures that globally designed controls are effectively implemented and sustained at the regional level, while supporting the continuous enhancement of risk management practices.
The role works closely with Global BRM teams, Sales & Trading management, and control and support functions to ensure effective front-office supervision, compliance with regulatory expectations, and consistent execution of non-financial risk controls. In this role you will contribute to strengthening control effectiveness, enhancing risk transparency, and enabling business growth within a robust risk management framework.
What You'll Do:- Execute delegated first-line supervision and oversight responsibilities in accordance with regulatory expectations, internal policies, and established control frameworks;
- Support the execution of Written Supervisory Procedures (WSPs) to evidence active and ongoing supervision within the business;
- Promote a strong supervision culture and adherence to conduct standards across the front office by providing advisory support and developing training and guidance, as appropriate;
- Maintain alignment with global control frameworks while ensuring regional applicability and compliance with local regulations and industry best practices;
- Maintain a strong understanding of local regulations and industry best practices applicable to assigned GBM businesses;
- Works with the business to conduct and document impact analysis and gap assessments, and create implementation plans for regulatory changes;
- Partner closely with the business to understand its strategy and proactively identify emerging risks through strategic risk assessments and disciplined deep-dive analysis of key incidents;
- Manage and support the resolution of incidents, including operational risk events and vendor-related incidents;
- Support the business in identifying and investigating issues, escalating concerns, and implementing corrective actions to address underlying control gaps or weaknesses;
- Partner with business stakeholders and GBM control and support functions to ensure robust closure and sustainable remediation of issues identified across all three lines of defense;
- Lead and support the execution of global programs designed to assess non-financial risks and evaluate control effectiveness within the business, including Compliance Risk and Control Assessments (CRCAs), Risk and Control Self-Assessments (RCSAs), and Scenario Analysis;
- Support the maintenance and updating of Volcker Desk Operating Plans (DOPs), ensuring desk strategies are clearly articulated and documented
What You'll Bring:- 3-5 years of related business risk managment experience
- Understanding of complex and very different business lines in GBM
- Experience in maintaining an in-depth knowledge of operational conditions throughout the applicable Business Lines and the state of regulatory matters, be able to resolve issues of non- compliance and to escalate issues promptly that are deemed to be serious, or have broad impact
- Ability to resolve issues and also recognize the need to involve your supervisor and/or Subject Matter Experts when required
- Solid technical experience in Power BI, Excel macros and Python (would be an asset)
- Completed or in progress designations CFA / FRM
- Be able to work in a fast-paced environment requiring the ability to manage multiple tasks
Work Arrangement:This position is an onsite role, with the expectation that you will work a minimum of 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
