Senior Manager Basel GRM Regulatory Office 219318
Senior Manager Basel GRM Regulatory Office 219318
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Job Description
Requisition ID: 219318
Join a purpose driven winning team committed to results in an inclusive and highperforming culture.
We are hiring 3 Senior Managers!
The Basel Program Office Global Risk Management is responsible for coordinating activities relating to compliance with Basel regulatory requirements.
You will be a critical member of the Basel and GRM Regulatory Office (BGRO) team to support initial and ongoing compliance with OSFIs Capital Adequacy Requirements (CAR) Guidelines and the Basel Capital Framework on a Groupwide basis. This includes providing oversight for selfassessment activities maintaining current knowledge of regulatory expectations and other standards together with emerging industry practices monitoring progress in relation to achievement of and/or compliance with the CAR Guidelines (including gap closure activities) and coordinating reporting on Basel related activities.
Risk categories in scope include credit risk counterparty credit risk market risk and operational risk. You will be responsible for supporting the identification and definition of the necessary policy business process and system requirements to meet or ensure ongoing compliance with the requirements of the CAR Guidelines as it relates to the above risks consistent with industry practices and emerging thought and providing expert guidance to projects and business groups.
Is this role right for you In this role you will:
- Coordinate ongoing Compliance activities to support the CRO Attestation and confirm that the existing inventory of OSFI AIRB and capital models continue to adhere to all applicable minimum requirements.
- Provide oversight for selfassessment and gap closure process for new capital model applications and material model modification applications ensuring that projects are executed in accordance with plans ensuring that key issues are identified and escalated for resolution interdependencies between projects are identified and agreed and critical paths identified and tracked.
- Coordinate the compilation of OSFIs quarterly model modification reporting requirements.
- Maintain a current understanding of global regulatory expectations for the Basel Capital Framework industry practices the Banks business and regulatory frameworks including the Basel Framework and related regulatory expectations.
- Identify any required changes to policies business process and system requirements for risk management to meet OSFIs CAR Guidelines.
- Provide reporting on BCBS and OSFI capital related issuances open issues and planned and ongoing project status updates to the Capital Oversight Steering Committee and Senior Executive Management.
- Liaise with responsible parties to ensure that documentation is developed during the course of any project work to support the closure of gaps between regulatory expectations and current practice.
- Coordinate with Model Development Validation and Internal Audit to ensure that documentation is complete and sufficient to meet expectations in supporting an opinion of compliance with the CAR Guidelines requirements.
- Respond to ad hoc enquiries by providing expert guidance to business groups to ensure that the interpretation of policies standards and processes are consistent relative to the Banks business and regulatory frameworks including the Basel Framework and related regulatory expectations.
Do you have the skills that will enable you to succeed Wed love to work with you if you have:
- 5 years experience preferably in risk management or banking related policy and process teams.
- Solid knowledge of OSFIs CAR Guidelines risk management policies and procedures.
- Strong analytical and attention to detail skills.
- Excellent communication interpersonal and relationshipbuilding skills
- As the departments activities are influenced by regulation legislation and internal Bank policy the planning aspect of the position is both challenging and critical.
- In all these instances significant reliance is placed on the incumbent to communicate complex issues effectively and constructively to senior management of business lines.
- Most graduate education in business or a related field; or commensurate work experience
- MBA CPA FRM or equivalent designation is an asset.
Whats 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
Scotiabank is a leading bank in the Americas. Guided by our purpose: for every future we help our customers their families and their communities achieve success through a broad range of advice products and services including personal and commercial banking wealth management and private banking corporate and investment banking and capital markets.
At Scotiabank 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. If you require accommodation (including but not limited to an accessible interview site alternate format documents ASL Interpreter or Assistive Technology) during the recruitment and selection process please let our Recruitment team know. If you require technical assistance please click here. 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.
Required Experience:
Senior Manager
Employment Type
Full Time
