Scotiabank

Manager, Climate Risk

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate and/or graduate degree in a relevant field.
  • 3-5 years of experience in environmental or climate change risk management.
  • Knowledge of climate-related risks impacting financial institutions.
  • Familiarity with Canadian and international climate regulations and best practices.
  • Experience in climate change materiality/risk assessments is an asset.
  • Strong communication and stakeholder management skills.
  • Fluency in Spanish is a plus.

Responsibilities

  • Champion a customer-focused culture to enhance client relationships.
  • Support the advancement of the Bank's climate risk management program.
  • Integrate climate risk identification into overall risk management processes.
  • Facilitate climate scenario analysis within business strategy.
  • Provide independent review of risk assessment results as part of 2LOD oversight.
  • Inform Senior Management about emerging environmental risks and opportunities.
  • Conduct data analysis to improve climate risk reporting and metrics.
  • Develop and deliver training on climate risk management.
  • Assist subsidiaries with integration of the climate risk management program.
  • Ensure effective operations adhering to risk management frameworks.

Benefits

  • Opportunity to work in a forward-thinking and collaborative environment.
  • Diverse professional development opportunities.
  • Internal development programs for skill enhancement.
  • Comprehensive compensation and benefits package.
  • Commitment to community engagement and making a difference.
  • Inclusive workplace culture promoting creativity and success.
Full Job Description
Requisition ID: 264289

Scotiabank is looking for a dynamic, strategic and results-oriented professional to join its Environmental and Social (E&S) Risk Management team in the role of Manager - Climate Risks. The Manager will report to the Director & Global Head of E&S Risk Management and support the team with its mandate to ensure the Bank is effectively managing climate-related risks consistent with the governing industry regulations, standards and best practices, and its risk appetite and business strategies.

The Manager is expected to be knowledgeable on local and international climate change risk management and disclosure regulations, standards and methodologies for the financial services industry.

Is this role right for you? In this role, you will:
  • Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Support the team with advancing the Bank's climate risk management program. This includes, but is not limited to, enhancing frameworks, policies, processes, and tools that identify, assess, measure, manage/mitigate, monitor and/or report on the Bank's climate-related risks and impacts.
  • Integrate the identification and assessment of climate risks into the management elements of other financial and non-financial business risks, such as credit, market, liquidity, operational, strategic, compliance, and reputational risks.
  • Support the integration of climate scenario analysis and portfolio alignment results in existing risk management and business strategy processes.
  • Provide independent review and effective challenge of risk assessment results as part of the team's second line-of-defense (2LOD) oversight role/function.
  • horizon scanning and inform Senior Management of new and emerging environmental risks and opportunities, such as new climate change risk management and disclosure regulations.
  • Perform data collection and analysis in support of climate risk reporting to Senior Management. Identify climate data needs and opportunities to enhance the Bank's suite of climate change risk metrics.
  • Contribute to the development and delivery of climate risk management training.
  • Produce data and information that's used in the Bank's internal and external reporting on its climate risk management elements and strategies.
  • Liaise and assist Scotiabank subsidiaries and branches with adopting and integrating enterprise-wide elements of its climate risk management program.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions. Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct.
  • Champion a high-performance environment and contribute to an inclusive work environment.


Do you have the skills that will enable you to succeed in this role?
  • Has an undergraduate and/or graduate degree in relevant field.
  • Has at least 3-5 years of relevant environmental (including climate change) risk management experience. Experience in a risk or audit role at a financial institution would be an asset.
  • Knowledge of climate-related risks and their potential impact on financial institutions and their stakeholders.
  • Familiarity with Canadian and international climate change risk management and disclosure laws, regulations, standards, guidelines and best practices applicable to the financial sector.
  • Experience conducting climate change materiality/risk assessments would be an asset.
  • Strong communication and relationship skills with a proven track record of engaging and presenting to stakeholders.
  • Spanish language fluency would be considered an asset.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities- for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


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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