Associate, First Line Testing

Requisition ID: 237169

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Purpose

While you will be situated in Colombia you will contribute to the effective design and execution of Global Banking and Markets (GBM) First Line Testing program globally; ensuring business strategies plans and initiatives are carried out in compliance with governing regulations internal policies and addition this role also supports high priority initiatives such as Risk Assessment Issue Management and regulatory response for the overall program.

Accountabilities

Lead and/or support a variety of periodic (and/or ad-hoc) testing and quality assurance reviews.
Perform risk-based testing to assess the operating and/or design effectiveness of key GBM controls and processes in accordance with GBM First Line Testing Procedures. The reviews will require good knowledge of GBM processes products and risks.
Testing will cover a broad variety of GBM-related procedures and risks including regulatory onboarding procedures that impact GBM business trading activity (Dodd-Frank EMIR Canadian Trade Reporting) and will require good knowledge of GBM processes products and risks.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships systems and knowledge.
Perform analysis to identify and address patterns themes or trends that indicate potential weaknesses or gaps in the execution of GBM First Line Controls.
Provide effective and constructive feedback to the First Line of Defence within GBM on identified deficiencies supporting the development of appropriate corrective and preventive actions plans as required.
Draft periodic reporting of findings and progress against remediation objectives to management and other key stakeholders.
Support continuous development on GBM First Line Testing Methodologies.
Support in the development of training where appropriate based on testing results and progress of corrective actions.
Developing and maintaining key relationships with stakeholders (e.g. global derivatives compliance teams GBM Internal Controls stakeholders).
Actively pursues effective and efficient operations of their respective areas while ensuring the adequacy adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk regulatory compliance risk and conduct risk including but not limited to responsibilities under the Operational Risk Management Framework Regulatory Compliance Risk Management Framework and the Guidelines for Business Conduct.
Participating in ongoing initiatives and projects as required.

Reporting Relationships

Primary Manager:
Direct / shared Reports: None

Dimensions

Number of employees: None
Countries/business units supported: GBM Jurisdictions
Annual project costs: N/A
Number of projects: TBD (5-10)
Number of systems: TBD including source systems Fenergo and CCD
Regulatory bodies: Including but not limited to CFTC NFA OSC EMIR OSFI FCA MAD/MAR HKMA

Education / Experience

Required

Bachelors degree in business administration finance law or equivalent work experience
Minimum of 4 years of experience in financial services and/or consulting.
Working knowledge of testing methodologies and risk and control analysis.
Change agent with high energy demonstrated strong ability to work under pressure deal with ambiguities and uncertainties and drive for results.
Fast learner strong analytical skills and critical thinking capabilities to frame and structure complex issues effectively and develop insights and recommendation.
Strong communications organizational project management and planning skills.
Proficiency with the Microsoft Office Suite especially Word Excel PowerPoint and Outlook.
Excellent command of English (reading writing and speaking skills).

Preferred

Certified Public Accountant designation - Junta Central de Contadores.
Experience in audit compliance trade surveillance operational risk quality assurance and/or project management.
Knowledge of capital markets and wholesale banking products OTC Derivative trading activities and related regulatory requirements (e.g. Dodd-Frank EMIR Canadian Trade Reporting).
Data and financial analysis with ability to manage large datasets analytics skill programming skills and/or knowledge of Power BI.

Working Conditions

Work in a standard office-based environment; non-standard hours are a common occurrence.
Global coverage will require conference calls during Asian and European business hours

Location(s): Colombia : Bogota : Bogota

Scotia GBS is a Scotiabank Group company located in Bogota Colombia created to support different processes of the Bank and the development and execution of its global services strategy in 15 countries in the Americas. It is composed of 7 service units. We offer an inclusive positive work environment and competitive benefits.

At ScotiaGBS 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. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at ScotiaGBS; however only those candidates who are selected for an interview will be contacted.