Scotiabank

Manager, Non-Financial Risk & New Initiatives

Scotiabank • $100K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business administration, Accounting, Finance, or Project Management.
  • Excellent problem solving, critical thinking, and negotiating skills.
  • Expert knowledge of Excel, PowerPoint, Word, and Visio.
  • Strong written and verbal communication skills for documentation and inter-department interactions.
  • Proven leadership and time-management skills.
  • Current awareness of regulatory requirements and industry best practices in operational risk.
  • Thorough knowledge of the Bank's regulations, policies, and operations.

Responsibilities

  • Support the assessment of initiatives meeting policy criteria within the NIRA program.
  • Maintain the daily pipeline report for all in-scope initiatives.
  • Collaborate with risk advisors to assess risk materiality for initiatives.
  • Act as a subject matter expert advising Initiative Sponsors on risk assessments.
  • Prepare materials and agenda for monthly New Initiative Risk Review Committee meetings.
  • Ensure compliance of NIRAs with policy and mitigate identified risks.
  • Conduct training sessions for business units to enhance understanding of NIRA process.

Benefits

  • Opportunities for professional development and training.
  • Work in a dynamic environment with diverse business units.
  • Engage in a customer-focused culture that values client relationships.
  • Participate in continuous improvement initiatives within operational risk management.
Full Job Description
Requisition ID: 271635

The Manager, Non-Financial Risk & New Initiatives, supports the day-to-day management of the Canadian Banking New Initiative Risk Assessment (NIRA) program as part of the Canadian Banking Business Risk Management (CB BRM team). CB BRM is responsible for providing strategic and tactical leadership on the assessment, monitoring and reporting of non-financial risks across Canadian Banking.

Is this role right for you? In this role you will:
  • New Initiative Risk Assessment (NIRA) program: support the business units and Initiative Sponsors during the assessment of initiatives that meet the policy criterion. Related activities include:
    • Maintaining daily pipeline report of all in scope initiatives
    • Collaborating with risk advisors and business sponsors to help assess the risk materiality of an initiative, leading to a risk-based scoping decision for the NIRA
    • Acting as a subject matter expert by providing advice to Initiative Sponsors regarding the assessment of risks for their initiatives
    • Preparing the agenda and materials for the monthly New Initiative Risk Review Committee meetings
    • Ensuring that all risks are appropriately mitigated, and in the case of identified gaps, that actions plans are in place and completed on time
    • Serving as a liaison between Control & Support Functions and the Initiative Sponsors, including securing timely sign off from Control & Support Functions, when required
    • Ensuring all NIRAs are compliant with all policy and addendum requirements
  • Business Unit Training: prepare and conduct training sessions to business units within Canadian Banking to increase awareness and understanding of the NIRA process.
  • Operating Guidelines: support the Senior Manager and Director in the maintenance of the department's Operating Guidelines which includes the department's Operating Model, Governance Structure, and Roles and Responsibilities that support the execution of the Bank's Operational Risk Framework within Canadian Banking.
  • Relationship management: maintain strong relationships with the Canadian Banking business units, BRM risk advisors, applicable Control & Support Functions, and Global Operational Risk teams to remain current on new developments and emerging risks.
  • Customer focused culture: champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
  • Risk appetite and risk culture: understand how the Bank's risk appetite and risk culture should be considered

in day-to-day activities and decisions.
  • Continuous improvement: contribute to a culture of constant improvement by analyzing existing procedures and proposing more efficient ways to obtain better results that add value to our customers and business.
  • Other projects and activities: provide additional support to other projects and activities that fall within the

Business Risk Managements' mandate(s), as required.

Dimensions

To assist and support Risk Owners within Canadian Banking with the requirements and responsibilities, this role will support, implement, document, assess, challenge, and provide oversight on the activities contained in:
  • The Operational Risk Management Policy
  • The New Initiative Risk Assessment Policy


This role will support the following business units, each with a very distinct business model, customer experience/segment and culture:
  • Retail Banking (Distribution, Product Units, and Digital Banking) and Business Banking
  • Commercial Banking
  • Real Estate Secured Lending
  • Automotive Finance
  • Canadian Banking Contact Centre and Collections
  • Retail Banking Operations
  • Business Banking Operations
  • Insurance Canada
  • Tangerine
  • Other Canadian Banking


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • Excellent problem solving, critical thinking, and negotiating skills
  • Expert knowledge of Excel, PowerPoint, Word, and Visio
  • Excellent written and verbal skills (must be able to prepare documentation and interact effectively with other Bank departments)
  • Excellent leadership and time-management skills
  • Must maintain a current awareness of regulatory requirements and industry best practices in operational risk
  • Thorough knowledge of Bank's regulations, policies, procedures, operations, and functions
  • Excellent knowledge of the roles and responsibilities of Canadian Banking business units and related support functions across all delivery channels
  • Bachelor's degree in business administration, Accounting, Finance, Project Management.


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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