Scotiabank

Senior Manager, Global Operational Risk Oversight (Contract)

Scotiabank$125K — $150K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or international equivalent required.
  • Advanced degree preferred.
  • 15+ years of experience in the financial sector, with 10+ years in Operational Risk Management or related fields.
  • Experience with Risk Identification and Assessment and/or RCSA process is essential.
  • Deep understanding of regulatory requirements for Global Banking and Markets and Group Treasury operations.
  • Proficient in developing management reports and presenting them to stakeholders.
  • Exceptional interpersonal skills for engaging with diverse internal and external stakeholders.

Responsibilities

  • Own and implement the operational risk management framework for GBM and GT.
  • Challenge businesses and support functions to provide independent operational risk assessments.
  • Identify emerging operational risk themes through data analysis.
  • Maintain and enhance operational risk management standards and procedures.
  • Collaborate with global risk teams for a comprehensive risk management approach.
  • Lead initiatives to promote operational risk awareness and reinforce risk culture within GBM and GT.
  • Support executive reporting and manage communication with risk committees.

Benefits

  • Inclusive and collaborative work environment that fosters creativity and curiosity.
  • Access to a competitive rewards package including performance bonuses and share ownership programs.
  • Health benefits from the first day of employment.
  • Pension plan matching to support future financial security.
  • Opportunities for career development and progression.
Full Job Description
Requisition ID: 272294

The objective of this position is to ensure that the Global Banking and Markets (GBM) and Group Treasury (GT) operations of The Bank of Nova Scotia have appropriate governance in place to effectively challenge operational risk and related governance activities that align with the Enterprise Framework and meets local supervisory expectations.

  • Owning and implementing SBUS' operational risk management framework.
  • Effectively challenging the businesses, and control and support functions, providing senior management with an independent assessment of businesses' operational risk and divisional risk profile, and
  • Identifying new and emerging operational risk themes based on internal and external data.


The Senior Manager, 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 Office of the U.S. Chief Data Officer and other 1LOD owners with developing appropriate corrective action plans. The Senior Manager will also be expected to lead the evolution of the operational 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 GBM and GT 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), New Initiative Risk Assessment (NIRA), issues management, 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, effective challenge of operational risk oversight activities including, but not limited to, completed internal operational risk reports, RCSAs, and scenario analyses.
  • Collaborate with other non-financial risks specialist areas as well as second line operational risk teams globally to ensure holistic approach: stay up to date on all relevant internal, external risk events, and industry development to drive awareness and focus on managing top and emerging risks.
  • Lead efforts (e.g., training, communications) to enhance the profile of operational risk within GBM & GT and reinforce the company's broader risk culture.
  • Support executive reporting on the business line operational risk profiles and represent Global Operational Risks to various risk committees as applicable, providing sound metrics, value-added advice and insight.
  • Support various regulatory requirements as requested by OSFI/Internal Partners.
  • Provide support for the timely and accurate escalation of review findings and facilitate analysis for remediation.
  • Champions a high-performance environment and contributes to an inclusive work environment.


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 GBM & GT. 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
5 Year Trend
+7%
NASDAQ

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