Manager, GRM Policy Office

Requisition ID: 240045

Join a purpose driven winning team committed to results in an inclusive and high-performing culture.

The Manager Quality Assurance and Testing is a key contributor to the success of the Quality Assurance & Testing team of Global Risk Management (GRM). Contributes to the overall success of the team by ensuring specific individual goals plans initiatives are executed / delivered in support of the teams business strategies and objectives.

Is this role right for you In this role you will:

RCM Testing:

• Responsible for testing and assessing the effectiveness consistency and alignment of risk oversight performed by Risk Management (Second Line).
• In conjunction with the Senior Manager lead incumbent applies a risk-based approach to develop an annual plan focusing on key portfolios and regulatory priorities with adaptability to evolving business needs.
• When required act as lead for assigned regulatory compliance testing projects processes and units or participate as a team member on other assignments.
  Conduct ongoing monitoring to stay abreast of regulatory changes emerging risks and systemic issues that may impact the testing universe; develop strategies to maintain compliance readiness.
• Plans and execute compliance testing to assess compliance controls with legal regulatory and internal Bank policy requirements.
• Manage end-to-end testing execution ensuring scope and nature of testing supports objectives; review workpapers for clarity and completeness and communicate control weaknesses with actionable recommendations.
• Ensure results are analyzed root causes identified and reports finalized to a consistent high standard within department timelines.
• Identify trends and/or gaps and report findings with recommendations on how to improve the effectiveness of the business line controls.
• Validate actions taken by management to remediate and to assess the sustainability of these actions to close reported testing issues.
• Carry out specific compliance-related projects or investigations of moderate to high complexity ensuring proper planning documentation and agreement on approach.

General testing:

• Develop testing strategies and frameworks through use of enterprise-wide data sources to assess the adherence and compliance to internal policies and regulatory requirements which will be used to guide reviews toward high-risk priorities and close identified gaps.
• Interact closely with GRM the various business lines in Canada and International Banking technical development teams data analytics teams systems operations Audit Bank regulators and any other stakeholders as deemed necessary for accurate and meaningful reporting.
• Understand and evaluate the applicable regulatory requirements to ensure policies are adequately updated to identify potential control gaps and non-compliance with regulatory requirements best practices and internal policies and procedures.
• The individual is required to have a high degree of analytical and technical knowledge and experience combined with a strong understanding of financial and non-financial risk policies/processes/lifecycle including credit enterprise and compliance risk stripes.
• Participates in testing and evaluates the effectiveness consistency and alignment of risk oversight conducted by Risk Management (Second Line).
• Applies a risk-based approach to develop an annual plan focusing on key portfolios and regulatory priorities with adaptability to evolving business needs.
• Delivers an independent second line challenge through thematic and targeted reviews identifying management blind spots reinforcing oversight and fostering accountability.
• Conducts impartial validation to pinpoint gaps and recommend solutions for enhanced risk management by leveraging audit and regulatory findings to ensure timely gap identification and remediation strengthening the control environment.
• Works in partnership with internal auditors testing teams and other stakeholders to promote transparent communication and collaboration on governance compliance and audit matters.

Analytics and Reporting:

• Prepares regular and ad-hoc reports for executive management and directors providing insights into the banks risk opportunities
• Technical knowledge data repositories and Microsoft Office products especially Excel and PowerPoint is required.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have:

• A University degree in Business Economics Accounting or Statistics related discipline is required.
• A minimum of 3 years of compliance audit or regulatory exam support experience with at least 2 years of which should involve testing or audit. Very good understanding of risk & controls particularly controls testing methodology and related tools.
• Sound knowledge of banking and/or risk management practices with strong knowledge of the regulatory environment and financial services marketplace.
• Clear and confident communicator verbal & written; given interactions with Senior Executives Strategic Thinker and good negotiation skills
• Ability to manage multiple projects/initiatives/reviews at any given time (at times independently) often with competing priority. Strong Project management skills.
• Highly motivated results focused and organized individual with knowledge of project and process management disciplines and a positive can do attitude
• Excellent analytical skills with the ability to review interpret and synthesize data to drive investigations on potential exceptions. Knowledge of Office applications i.e. MS Excel PowerPoint other MS Office products.
• Demonstrated ability to remain calm and focused when faced with competing priorities.
• Strong time management skills ability to multi-task while being results oriented and team focused;
• Nice to have bi-lingual in English and Spanish.

Whats in it for you

• We have an inclusive and collaborative work environment that values curiosity & ownership encourages pragmatic creativity (i.e. true innovation) and celebrates success!
• An inclusive working environment that encourages creativity curiosity and celebrates success!
• A rewarding career path with diverse opportunities for professional development
• Internal training to support your growth and enhance your skills
• A competitive rewards package that includes a base salary a performance bonus company matching programs on pension and profit sharing paid vacation personal & sick days medical vision and dental benefits that start from day one and much more!

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.