Title: Associate, First Line Testing
Requisition ID: 207276
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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 Market’s (GBM) First Line Testing program globally; ensuring business strategies, plans and initiatives are carried out in compliance with governing regulations, internal policies, and procedures. In 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.
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Position: Associate, First Line Testing - GBM Internal Control - Colombia |
Reporting Relationships (Job Titles only)
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Dimensions
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Education / Experience / Other Information (include only those that are specific to the role)
Required
Preferred
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Working Conditions
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Location(s): Colombia : Bogota : Bogota
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.
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