Scotiabank

Senior Manager, IT Risk

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Information Technology
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree in related fields is an asset
  • 5+ years of experience in Technology or Operational Risk Management, IT Audit, IT Compliance, or advisory roles
  • 1+ years in Risk Control Self-Assessments (RCSAs)
  • Preferred industry certifications like CISSP, CRISC, or CISM
  • Advanced knowledge of regulatory rules such as OSFI, FFIEC, NYDFS 500
  • Experience with GRC risk management tools
  • Proficiency in Spanish required

Responsibilities

  • Lead the comprehensive challenge to identify threats and vulnerabilities in the bank's processes and systems
  • Define annual RCSA plans in collaboration with key stakeholders
  • Review and challenge risk and control assessments for technology risks
  • Document and track IT risks and controls, including action plans
  • Prepare reports on RCSAs and monitor IT risk trends
  • Develop training programs on IT processes and risk management best practices
  • Act as a liaison among business units and IT Risk for effective stakeholder management

Benefits

  • Join a forward-thinking, collaborative team with innovative thinkers
  • Diverse opportunities for professional development
  • Internal training for skills enhancement
  • Inclusive work environment that values creativity and success
Full Job Description
Requisition ID: 266036

Contributes to the overall success of Cyber & IT Risk Management, Global Risk Management (GRM) globally ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team's business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies and procedures.

Leads expert technical risk assurance and control oversight to ensure the bank achieves its objectives while effectively managing risk. Collaborate with cross-functional teams across the first line of defense to identify, assess, and mitigate emerging risks and vulnerabilities. This role is crucial in fostering a robust risk culture and driving continuous improvement, contributing to the development and implementation of comprehensive risk management policies, standards, and controls.

As part of the second line of defense, the Cybersecurity and IT Risk team provides independent oversight and challenge, and assists in developing methodologies, policies, processes, and tools to support the Cyber and IT Risk Management Framework.

Is this role right for you? In this role, you will:
  • Lead 2nd Line Challenge: Conduct comprehensive challenge to identify potential threats and vulnerabilities in the Bank's processes, systems, and operations. Partner with 1st line of defense to develop risk mitigation strategies across key cyber and IT domains. Challenge IT and cybersecurity risks within scenario analysis and thematic reviews. Conduct cyber risk assessments, metrics, and controls within globally complex, dispersed, and diverse organizations.
  • RCSA Program Management. Define the annual plan, in collaboration with GOR, the business and IT Risk. Assign resources as needed on selected RCSAs. Review and challenge the scope for IT, participants, and IT Profile for RCSAs.
  • Risk Assessment and Identification. Objectively review & challenge the inherent risk, control effectiveness, and residual risk assessments & rationales, as well as related issues/APs, for technology specific risk/controls. Provide feedback and follow up on the technology specific risk/control responses.
  • Issue Management. Ensure all IT risks/controls have been properly documented and reflected in deliverables and applicable tracking systems, including suitable action plans.
  • Reporting and Monitoring. Prepare reports on IT components of RCSAs, including findings, track IT risk trends, and monitor the effectiveness of controls.
  • Training and Communication. Develop and deliver training programs to educate and support peers and stakeholders on IT processes of the RCSAs and best practices.
  • Stakeholder Management. Act as a liaison between business units, control owners, IT Risk and other stakeholders.
  • Champions a customer 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.
  • Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • 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:
  • Strong expertise in IT Risk Management (e.g. Logical Access, Data Leakage, Disaster Recovery)
  • Master's degree or higher in science, technology, engineering, business administration is an asset.
  • 5+ years of experience in Technology or Operational Risk Management, IT Audit, IT Compliance, regulatory-supervision, consulting or advisory roles.
  • 1+ years of experience in RCSAs as part of the 1LoD or 2LoD.
  • Industry certifications desirable (e.g. CISSP, CRISC, CISM)
  • Advanced knowledge of relevant regulatory rules (OSFI, FFIEC, NYDFS 500) and frameworks (NIST, COBIT) is preferred
  • Experience using of GRC risk management tools.
  • Demonstrated expertise in regulatory compliance, risk management frameworks, and industry best practices (e.g., NIST, ISO, FFIEC, GDPR)
  • Proficiency in data security, risk management & controls, security governance, and analytical thinking, with a track record of implementing effective risk mitigation strategies
  • Advanced knowledge of data analytics and data literacy
  • Spanish proficiency is required.


What's in it for you?
  • The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development
  • Internal training to support your growth and enhance your skills.
  • An inclusive 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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