Scotiabank

Senior Manager, Risk Assessment and Regulatory Obligations - GBM&T Compliance

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • University degree in Finance, Commerce, Economics, or related field; MBA or CFA considered an asset.
  • Minimum 7 years of experience in Compliance or similar role at a major financial institution, preferably in GBM&T.
  • Direct experience in risk assessment, regulatory obligations, or compliance advisory for GBM&T is advantageous.
  • Proficient in AI tools, capable of engineering and executing AI prompts to improve program efficiency.
  • Strong understanding of global regulations affecting GBM&T, particularly in corporate, investment banking and capital markets across various regions.

Responsibilities

  • Drive quarterly and annual Global Central Compliance Risk and Control Assessment (CRCA) activities.
  • Lead risk assessments such as New Initiative Risk Assessment (NIRA) and Third-Party Risk Management (TPRM).
  • Oversee and ensure accurate Issues Management reporting related to regulatory compliance.
  • Execute Triennial Reviews of regulatory obligations and maintain audit-ready documentation.
  • Champion automation and AI-enabled improvements in daily workflows.
  • Maintain up-to-date Policies & Procedures for compliance areas.
  • Promote a customer-focused culture to enhance client relationships and leverage bank systems.

Benefits

  • Collaborative work environment with opportunities for career development.
  • Access to cutting-edge AI tools and technologies.
  • Participation in a company culture that values inclusivity and high performance.
Full Job Description
Requisition ID: 269958

The Senior Manager, Risk Assessment and Regulatory Obligations, GBM&T Central Compliance is a key player in the overall success of the GBM&T Global Central Compliance program who is responsible for the execution of key global Risk Assessment (i.e. CRCA, NIRA, TPRM), Issues Management and Regulatory Obligations (i.e. Regulatory Library) programs for GBM&T globally. The Senior Manager contributes to a globally aligned approach for the aforementioned programs, executing on internal policies and procedures and drawing from best-in-class practices to ensure GBM&T global initiatives and regulatory programs are delivered in support of GBM&T's strategies, objectives and in compliance with governing regulations.

What You'll Do
  • Responsible for driving GBM&T's Global Central Compliance Risk and Control Assessment (CRCA) quarterly and annual assessment cycle activities in collaboration with the Risk Assessment Pillar team, regional GBM&T Central Compliance teams, and other key stakeholders (i.e. First and Second Line teams and Central Programs), as required. Responsible for ensuring pre-cycle preparation activities, in-cycle and post-cycle deliverables are completed accurately, completely and in-alignment globally with established standards. Responsible for preparing interim and final results reporting for global and regional executive teams in the First and Second Line. Provides effective challenge to risk assessments to ensure alignment with business-line and business-unit activity. Accountable for the ongoing delivery, alignment and enhancement (i.e. data-driven approach) of GBM&T Global Central Compliance's assessments, processes, workflow and engagement model with key stakeholders.
  • Responsible for driving other key global risk assessment processes for GBM&T, including, but not limited to, the New Initiative Risk Assessment (NIRA), and Third-Party Risk Management (TPRM) processes in-alignment with established standards. Accountable for the ongoing delivery, alignment and enhancement of GBM&T Global Central Compliance's processes, workflow and engagement model with key stakeholders as it relates to these programs. Drives reporting and regional collaboration in relation to these programs, ensuring assessment risks are visible and escalated to key stakeholders.
  • Responsible for overseeing GBM&T's regulatory compliance monthly Issues Management reporting and other ongoing requests from the Issues Management Pillar, as required. Ensures GBM&T's regulatory compliance issues are accurately identified, tracked and reported. Responsible for collaborating with regional stakeholders in the First and Second Lines to resolve any issues in a timely manner. Supports the Director in ensuring the Executive reporting on issues management is timely, accurate and complete.
  • Supports the execution of GBM&T's Triennial Review of regulatory obligations to confirm their completeness, accuracy, alignment with applicable controls, and appropriate mapping of business units to requirements and controls. Responsible for independently executing Triennial Reviews in accordance with the Regulatory Obligations Operating Procedures (ROOP), Regulatory Library Validation procedures, established checklists, and AI-enabled tools; validating the completeness and accuracy of requirements, controls, and business unit mappings to regulatory obligations; maintaining audit-ready records of review completion; monitoring progress against established review targets; and ensuring timely completion of assigned reviews.
  • Supports the execution of a globally aligned approach in GBM&T as it relates to the Regulatory Obligations pillar in collaboration with Enterprise Compliance, the regional Compliance teams, and other stakeholders, as required.
  • Champions an automation and AI-enabled approach to daily tasks and workflows. Continually suggests and implements improvements to processes/workflows through AI-enabled tools and techniques.
  • Ensures Policies & Procedures for areas supported are kept complete, accurate and up to date on current workflows.
  • Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Actively pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, and its Code of Conduct, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to regulatory compliance risk.
  • Champions a high-performance environment and contributes to an inclusive work environment.


What You Bring
  • University Degree in Finance, Commerce, Economics or related field. Post graduate degree (MBA) or certification (CFA) would be considered an asset.
  • Minimum 7 years' experience supporting GBM&T in a Compliance or similar role at a major financial institution. Direct experience supporting the GBM&T business in a risk assessment, regulatory obligations and/or compliance advisory role would be considered an asset.
  • Proven track record of working with Artificial Intelligence (AI) tools, engineering and executing AI prompts in a professional environment to enhance the efficiency of programs.
  • A strong understanding of the global regulations impacting GBM&T and of the global regulatory framework. Knowledgeable of global regulatory, industry trends, emerging and current risks relevant to corporate banking, investment banking and capital markets businesses in Canada, United States, Europe and Asia-Pacific.
  • Excellent communication and relationship-management skills, with the proven ability to influence senior stakeholders without direct authority.
  • Proven track record of working in a team environment.
  • Pragmatic and results oriented.
  • An enquiring mind, sound judgement and strong organizational and recordkeeping skills.
  • The ability to think and operate at both a strategic and operational level, as required.
  • Ability to learn, adapt, and remain resilient in a fast paced, dynamic and challenging work environment.

Technical Skills:
  • Strong Microsoft Office skills (particularly Excel) would be required.
  • AI-tool expertise - experience with Microsoft Copilot, creating agents to automate workflows and processes, would be required.
  • Working knowledge of IBM OpenPages is a strong asset
  • Strong PowerBI skills, would be considered an asset.


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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Scotiabank

More Finance & Insurance Jobs

Find similar Senior Manager, Risk Assessment and Regulatory Obligations - GBM&T Compliance jobs:

NationwideToronto, ON