Senior Manager, U.S. Operational Risk Management

Requisition ID: 244249

Salary Range:102800.00-196800.00

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors including but not limited to the successful candidates relevant knowledge skills and experience.

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

Senior Manager U.S. Operational Risk Management - Dallas TX

Purpose:

The candidate will be responsible for implementing and ongoing execution of the U.S. Operational Risk Management Framework. The framework encompasses the key components of Enterprise Risk Management including but not limited to Risk and Control Self Assessments (RCSAs) New Initiatives Risk identification Operational Risk Events Key Risk Indicators (KRIs) Scenario planning and ongoing reporting and monitoring. The candidate will also be responsible for overseeing and monitoring operational risk elements and other requirements and may be aligned to a specific business such as Fixed income corporate and investment banking and other corporate function. As such working knowledge of specific processes is desirable.

• The Operational Risk Senior Manager is accountable for management of complex and large disciplinary areas which requires comprehensive understanding of multiple areas and how they interact. Applies in-depth understanding of business impacts to help manage operational risks.
• As a member of the second line of defense for Operational in the U.S. the candidate will be responsible for providing strategic leadership and oversight of the banks operational risk management framework. The role involves collaborating with senior management to ensure effective risk management across all business units and corporate and support functions.
• The incumbent will be responsible for oversight of RCSA execution support the Key Risk Indicators management Issues Management Operational Risk Events New Initiatives and providing support and guidance to the first line to manage operational risks. The senior manager will collaborate closely with the teams Director to identify and execute areas of improvement to strengthen the 2nd Line Operational Risk coverage.
• As the function evolves the scope may expand to include other activities such as third party risk IT and Cyber Risk or other key corporate functions.

Accountabilities:

• Lead the development and implementation of Operational Risk Management Framework (ORMF).
• Challenge U.S. new products and services risk assessments.
• Provide support for the timely escalation of review findings and reporting on status of remediation. This includes accountability of reporting to senior management committees on Operational Risk.
• Collaborate with U.S. Businesses and support groups on Key Risk Indicators. Ensure appropriate KRI owners are identified and provide timely information. Partner with the Director on changing the ORM role in KRI management.
• Conduct risk assessments and scenario analysis to identify emerging risks and vulnerabilities. Assess the current scenario analysis program and implement changes to strengthen the process.
• Foster a strong risk culture across the organization through training and awareness programs.
• Support the Director with special projects continuous improvement initiatives and ad hoc reporting.

Dimensions:

• Cross-functional and product understanding of Capital Markets including Corporate and Investment Banking Fixed Income Derivatives and Markets.
• Proven leadership and management skills with the ability to influence and collaborate with senior stakeholders.
• Excellent analytical problem-solving and decision-making skills.
• Strong communication and presentation skills. Able to distill complex concepts into clear

Education & Experience:

• A minimum of 10 years experience working in an enterprise risk role at a financial institution.
• Working knowledge of Capital Markets and current regulatory environment in the Financial Services industry.
• A university degree in business related field or equivalent experience. Advanced degree preferred.
• Strong communications analytical organizational and project management skills.
• Ability to communicate clearly and effectively both verbal and written with all levels including business units Corporate Functions Internal Auditors management and regulators.
• Strong team player who is open to listening understanding and collaborating with senior management when introducing new ideas and legislated policy recommendations for action or change.
• Ability to work independently within minimal supervision.

Working Conditions:

• Work in a standard office-based environment; non-standard hours are a common occurrence. The workload is demanding subject to frequent time pressure with a steady flow of project delivery commitments both internal and external which carry specific deadlines. Workload is subject to continual prioritization due to changes of incoming requests from regulators internal departments.
• concise and easily understandable communication for diverse audiences.
• Ability to work with large amount of data and use technical skills to build visualization and insights such as PowerBI Tableau Excel charts Pivot tables SQ

Location(s): United States : Texas : Dallas

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.

Scotiabank is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status or any other characteristic protected by federal state or local law.