Scotiabank

Manager, Risk Operations

Scotiabank • $90K — $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 or related field
  • 3+ years of experience in compliance, legal, regulatory or related fields in Financial Services
  • Strong grasp of banking regulations and compliance risks
  • Experience in risk assessment and documentation within the first line
  • Track record in delivering regulatory compliance projects
  • Exceptional communication skills with the ability to engage with all levels of the organization
  • Proven leadership abilities and proficient time-management skills
  • Strong problem-solving, critical thinking, and negotiation capabilities
  • Advanced knowledge of Microsoft Office suite.

Responsibilities

  • Update and maintain regulatory control libraries for business units
  • Conduct quarterly Compliance Risk & Controls Assessments (CRCA)
  • Execute the operational risk event program including incident tracking
  • Review and maintain the Key Risk Indicator inventory
  • Perform Risk and Control Self Assessments in collaboration with stakeholders
  • Conduct compliance testing of business practices and client file reviews
  • Identify opportunities for improvement in risk and compliance processes
  • Stay updated on regulatory requirements and emerging risks
  • Promote a client-focused culture to enhance relationships
  • Ensure effective operational practices for compliance and risk management.

Benefits

  • Commitment to diversity, equity, inclusion, and allyship
  • Support for workplace accessibility and accommodations
  • Opportunities for upskilling and professional development
  • Competitive rewards program with flexible vacation and benefits from day one
  • Engagement in community initiatives and programs for belonging.
Full Job Description
Requisition ID: 266486

The Role:

Contributes to the overall success of the Canadian Banking Business Risk Management (CB BRM) unit through the development, implementation and sustainment of risk and compliance initiatives in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

The Manager, Risk Operations will ensure integrated and comprehensive business controls are in place to reinforce a strong risk and control culture in Canadian Banking. In addition, the incumbent will support the implementation and sustainment of a strong compliance risk environment through their involvement in the Bank's Operational Risk Framework, Risk Compliance Management (RCM) and compliance risk processes such as Compliance Risk & Controls Assessment (CRCA). The main area of responsibility for the Manager, Risk Operations is to ensure that the overall implementation of the Compliance and Operational Risk Framework within the first line of defense.

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

  • As part of the Bank's RCM approach, update and maintain the regulatory control libraries for applicable business units to ensure that it is accurate, comprehensive and up to date.
  • Execute quarterly CRCA attestations and annual CRCA process in alignment with the RCM Program and in collaboration with the Risk Advisors, Risk Owners and Compliance.
  • Execute the bank's operational risk event program. Support the identification, assessment, entry, tracking and remediation of incidents with financial loss impacts in accordance with Global Operational Risk policies and Framework.
  • Support the review and maintenance of the Canadian Banking KRI inventory.
  • Execute Risk and Control Self Assessments (RCSA) in collaboration with Risk Advisors, Risk Owners and Global Operational Risk by conducting assessment, entry, tracking and remediation of identified issues
  • Support compliance testing and risk assessments of business practices and/or procedures, including review of client files and workflows to verify compliance on an ongoing basis, in alignment with the RCM framework and in collaboration with Compliance.
  • Continuously identify opportunities to improve the effectiveness of risk and compliance policies, processes, and activities.
  • Maintain awareness of regulatory requirements, emerging risks and industry best practices in risk and compliance management.
  • Champion a client focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions, with a specific focus on third party risks.
  • Actively pursues 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


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 degree in Business Administration or a related discipline.
  • Minimum 3 years of experience in compliance, legal, regulatory or closely related disciplines in the Financial Services industry
  • Strong understanding of regulations and compliance risks impacting the Bank and the importance of key mitigating controls.
  • Experience with identifying, documenting and assessing risk and controls within the first line.
  • Experience in delivering on regulatory compliance projects and/or programs.
  • Excellent verbal and written skills with the ability to effectively communication with business partners at all levels of the Bank.
  • Proven leadership and time-management skills.
  • Excellent problem solving, critical thinking, and negotiating skills.
  • Expert knowledge of Microsoft PowerPoint, Excel, and Word.


What's in it for you?

  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences each individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.
  • Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
  • Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.
  • Community Engagement - no matter where you choose to work from; we offer opportunities for community engagement & belonging with our various programs such as hackathons, contests, Humans of Digital and much more!


Location(s): Canada : Ontario : Toronto

Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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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