Scotiabank

Senior Manager, Data Risk & RDARR Oversight

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Undergraduate and/or graduate degree required.
  • 5+ years of experience in relevant fields including data management and risk management.
  • Proficient in data governance best practices and regulatory requirements, e.g., BCBS 239.
  • Familiarity with data architecture concepts such as cloud, data quality, and data lineage.
  • Experience in testing or audit roles within financial institutions is a plus.
  • Strong analytical and problem-solving skills with the ability to navigate ambiguity.
  • Exceptional communication and relationship-building abilities.

Responsibilities

  • Support implementation of the Data Risk Program Plan across business units.
  • Advise on data risk controls, metrics, compliance, and risk mitigation best practices.
  • Identify and execute enhancements to data risk oversight practices.
  • Lead development of communication strategies for new data processes and procedures.
  • Forge partnerships with other risk functions to guide data risk mitigation efforts.
  • Assess the effectiveness of data controls implemented by the first line of defense.
  • Conduct data risk assessments and provide challenges to data control ratings.

Benefits

  • Opportunity to join a progressive company with a collaborative work culture.
  • Path for professional growth with exposure to diverse banking aspects.
  • Chance to become a subject matter expert on credit loss stress testing in Canadian retail.
  • Comprehensive compensation and benefits package offered.
  • Commitment to community impact for employees and clients.
  • Inclusive environment promoting creativity, curiosity, and celebrating achievements.
Full Job Description
Requisition ID: 267790

Responsible for driving data risk related oversight activities and have opportunity to work with a collaborative team of inspiring professionals to help the team deliver the Enterprise Data Risk Program objectives.

Is this role right for you?
  • Support the implementation of the Data Risk Program Plan and associated activities in the assigned North American and/or International Scotiabank business unit(s), and/or subsidiaries.
  • Provide expertise and advice to the first line of defense on the design and best practices of effective Data risk controls, metrics, compliance, and risk mitigation.
  • Identify opportunities and execute enhancement to the data risk oversight practice.
  • Drive the development and delivery of communication strategies for new processes and procedures.
  • Develop strong partnerships with other risk functions and business partners to provide professional advice and guidelines for data risk mitigation.
  • Conduct assessment of the design and operating effectiveness of data controls developed and implemented by the first line of defense.
  • Lead the implementation of data risk assessments and provide 2nd line challenge including assessment of identified data controls and their rating.
  • Complete data risk controls evidence assessment, review findings and conduct analysis of the remediation plans in a timely manner.
  • Maintain and enhance Data risk documentation (procedures, assessments, testing and reporting)
  • Assist in execution of the periodical and ad-hoc reporting to the Board, CRO, Risk Committees, including collection of metrics and creation of dashboards and reports.
  • Exercise sound judgment in identifying, reporting, and escalating risks or issues to senior management.
  • Foster an inclusive and collaborative team environment and prioritize team's goals.
  • 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.
  • 5+ years experience in data management, data governance, internal control, risk management, compliance, technology compliance, audit or related areas
  • Knowledge of data and technology management best practices and concepts (e.g., cloud architecture, data quality, metadata, data lineage, data catalogue(s), etc.)
  • Knowledge of data risks and data governance/management requirements and regulations e.g. BCBS 239.
  • Experience in a testing or an audit role at a financial institution would be considered an asset.
  • Very good analytical skills, conceptual thinking, systematic problem solving and able to deal with ambiguity.
  • Strong communication and relationship skills with a proven track record of engaging and presenting to stakeholders.


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. This position will have exposure to multiple aspects of the bank's financial profile, such as balance sheet growth, provisions for credit losses and capital adequacy assessment.
  • Becoming a subject matter expert and storyteller for our Canadian retail portfolio, in terms of how the stress testing process works and what drives the portfolio's credit loss
  • 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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