Scotiabank

Director, Operational Risk, GBM

Scotiabank • $150K — $180K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
11 - 15 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree or international equivalent required.
  • Advanced degree preferred.
  • 15 years of experience in financial institutions, with 10 years in Operational Risk Management or related fields.
  • Experience with Risk Identification and Assessment and/or Risk Control Self Assessments (RCSAs).
  • Thorough understanding of regulatory expectations for U.S. Operational Risk Management.
  • Demonstrated ability to operate at a strategic level.

Responsibilities

  • Implement the GBM operational risk management framework.
  • Challenge the effectiveness of first line operated controls and monitoring methods.
  • Identify new operational risk themes using internal and external data.
  • Maintain and enhance operational risk management procedures and standards.
  • Partner with Enterprise Risk and Global Operational Risk teams for alignment and harmonization.
  • Lead training and communication efforts to bolster the operational risk profile.
  • Provide support for escalation of review findings and remediation analysis.

Benefits

  • Inclusive and collaborative work environment promoting creativity.
  • Competitive rewards package including performance bonus and employee share ownership.
  • Career development and progression opportunities from day one.
Full Job Description
Requisition ID: 271254

The objective of this position is to ensure that the GBM operations of The Bank of Nova Scotia have appropriate governance in place to effectively challenge operational management and governance activities that align with the Enterprise Framework and meets local supervisory expectations.

  • Implementing GBM operational risk management framework;
  • Effectively challenging the businesses, finance, operational, data risk management, divisional coverage and providing senior management with an independent assessment of businesses' operational, divisional risk profile, and
  • Identifying new and emerging operational risk themes based on internal and external data.


The Director is acting as the second line function, will challenge the effectiveness of the design of first line operated controls and monitoring methods, identify control deficiencies, if any, and assist the 1LOD owners with developing appropriate corrective action plans. The incumbent will also partner with Business Risk Management to further assist with developing appropriate corrective actions.The Director will also be expected to lead the evolution of the operational risk framework as part of Scotiabank's broader efforts to enhance its risk management capabilities.

Is this role right for you? In this role, you will:

  • Maintain and enhance Scotiabank's operational risk management framework, supporting standards and procedures covering identification, measurement, monitoring and management of operational risk. Key parts of the framework include incident reports, Risk Control Self Assessments (RCSAs), operational risk deep dives, scenario analyses, identification and monitoring of Key Risk Indicators (KRIs), and the development and refinement of risk taxonomies.
  • Integral member responsible for the execution of day-to-day responsibilities owned by the operational risk team including, but not limited, to the following:
    • Effective challenge of businesses' operational oversight activities including, but not limited to, completed internal operational risk reports, RCSAs, and scenario analyses
  • Partner with the broader U.S. Enterprise Risk team and the Global Operational Risk Team to ensure that U.S. Operational Risk is aligned with global standards and harmonized with other risk disciplines in the U.S.
  • Lead efforts (e.g., training, communications) to enhance the profile of operational risk and reinforce the company's broader risk culture.
  • Provide support for the timely and accurate escalation of review findings and facilitate analysis for remediation.


Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

  • Bachelor's degree or international equivalent required.
  • Advanced degree preferred.
  • A minimum of 15 years of experience working at a financial institution, with at least 10 years' experience in Operational Risk Management, or related Compliance, Risk Management or Audit experience
  • Experience with Risk Identification and Assessment and/or RCSA process a must.
  • Deep understanding of the regulatory expectation for U.S. Operational Risk Management
  • Hands-on experience developing and producing management reports.
  • Strong interpersonal and presentation skills with multiple stakeholders both internal and external
  • Excellent organizational and communication skills
  • Ability to work independently.
  • Demonstrated ability to operate at a strategic level.
  • Ability to solve problems, multi-task and manage changing priorities.


What's in it for you?

  • An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
  • We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
  • Your career matters! You will have access to career development and progression opportunities.


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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