Senior Manager, Business Risk Management, Operational Risk, Private Banking
Senior Manager, Business Risk Management, Operational Risk, Private Banking
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Requisition ID: 235934
Join a purpose driven winning team committed to results in an inclusive and high-performing culture.
Purpose
Reporting to the Director Business Controls & Operational Risk in Private Banking Head Office the SeniorManager Business Risk Management Operational Risk leads the development implementation andoversight of risk management strategies across the Canadian Private Banking business. Ensures thatOperational regulatory and strategic risks are identified assessed and mitigated effectively working with thebusiness and key partners to design controls and plans that protect the business Bank and to the overall success of Private Banking in Canada ensuring specific individual goals plansinitiatives are executed / delivered in support of the teams business strategies and objectives. Ensures thebusiness is operating within acceptable risk and all activities are aligned with governing regulations internalpolicies and procedures. The Senior Manager will work closely with key partners including Legal Fraud AuditTesting Internal Controls Compliance as well as other Head Office teams.
What you will be doing:
- Lead and execute risk assessments on behalf of Private Banking working with Internal Controls and other keypartners including but not limited to Risk & Control Self-Assessments (RCSAs) New Initiative Risk Assessments(NIRAs) and Reportable Compliance Issues (RCIs).
- Identify and document areas of risk for the business and develop controls and/or plans to mitigate the risks
working with peers and partners to ensure policies and procedures and any required communication and trainingis created updated and maintained on an ongoing basis. - Work closely with key partners including Legal Internal Controls Compliance and other Head Office teams toobtain advise and counsel on
- business needs ensuring the business is operating within acceptable riskparameters and meeting Financial Consumer Agency of Canada (FCAC) regulatory requirements.
- Develop and maintain operational risk frameworks and oversee risk reviews error investigations and root causeanalyses working closely with key partners including Fraud Corporate Security Internal Controls CybersecurityTechnology as required.
- Represent Private Banking on audit and testing engagements including actioning of requests for informationdocumenting management self identified issues (MSIs) collaborating with internal audit compliance governanceHead Office and leadership teams to ensure alignment effective and timely resolution of identified issues anddocumenting/responding with any required evidence or action plans.
- Monitor and proactively report on Key Risk Indicators (KRIs) trends gaps and risk appetite metrics includingdeveloping and maintaining regular reporting at all levels of the business and advising leadership on emergingrisks and mitigation strategies.
- Provide expert feedback on risk implications of major change initiatives and transformation projects and driveinnovation in control design and testing including automation and data analytics.
- Lead regulatory initiatives end-to-end ensuring understanding of impacts and risks to Private Banking and clientscollaborating with partners and peers to manage effective implementation and communication of required
- Champions a client focused culture to deepen client relationships and leverage broader Bankrelationships systems and knowledge.
- Actively pursues effective and efficient operations of his/her respective areas in accordance with
- Scotiabanks Values its Code of Conduct and the Global Sales Principles while ensuring theadequacy adherence to and effectiveness of day-to-day business controls to meet obligations withrespect to operational compliance AML/ATF/sanctions and conduct risk.
- Champions a high-performance and diverse equitable inclusive work environment.
- Understand how the Banks risk appetite and risk culture should be considered in day-to-day activities anddecisions for Private Banking and maintain a sound knowledge and understanding of Private Bankings policiesand internal procedures and protocols.
- Contribute to unit planning and strategy discussions to meet unit business objectives and regulatoryrequirements as well as representing the unit in critical projects and committees as assigned.
- Operate within the Banks risk appetite and conduct business and interactions with clients employees suppliersand others in a legal and ethical manner that promotes integrity across the Bank.
- Support other work including with Business Controls team as required.
Do you have the skills to enable you to be successful in this role We would love to work with you if you have:
- 3 years in a risk management operational risk or similar role
- Good understanding of the Private Banking strategy and vision
- Some knowledge of the Private Banking operations and sales environments
- Solid knowledge of policies procedures operational processes and systems (Private Bankingspecific an asset)
- Excellent written and verbal skills required to prepare communications and interact effectivelywith Senior Management the Private Banking field and other Bank departments
- Strong interpersonal and relationship management skills championing a high-performance andcollaborative culture at all levels of the organization and with partners
- Private Banking or Wealth Management experience an asset
- Proficiency in MS Office particularly Excel and PowerPoint
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
