Title:  Senior Analyst, Business Risk Management

Requisition ID: 260280

 Salary Range: 69,400.00 - 129,000.00 

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 candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Purpose

Identify and mitigate operational risk across GBM by strengthening Front Office control design and effectiveness, promoting strong risk ownership, and partnering with Control and Support Functions to drive consistent, sustainable control outcomes.

What You'll Do

Experience across Global Capital Markets & Global Transaction Banking, with business acumen and a strong understanding of financial products, trade lifecycle flows, and end to end operating models. Senior Analyst, U.S. Business Risk Management (1B) FLSS, contributes to the overall success of the front line/first line of defense 1B control group within the United States ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the Global Transaction Banking (GTB) and Cash Management strategies and objectives. 

Proven track record designing, implementing, and strengthening risk and control frameworks, including:

•    Compliance Risk, Risk Identification and Risk & Control Self Assessments, with hands on First Line execution and oversight
•    Collaborate in risk events incidents documentation and escalation process, investigating and remediating as necessary
•    Coordinate analyses of operational risk events (losses, gains and near-misses) to ascertain underlying causes and formulate action plans to address process breakdowns
•    Strengthening Front Office control design and effectiveness, while partnering with Control and Support Functions to drive consistent, sustainable control outcomes
•    Knowledge of Payments Businesses including Payments, Deposits, Cards, and Trade Finance and being able to communicate, develop, and cultivate relationships with sales and product teams 
•    Knowledge in the operational aspects, compliance and business matters for Transactional Banking products and services

Front Office Risk and Control Framework

•    Contribute to the design, development, and implementation of the Front Office risk and control framework including compliance issues and internal/external obligations
•    Provide hands on oversight of control execution, including written supervisory procedures, ensuring alignment with operational risk policy and regulatory expectations.
•    Partner across the three lines of defense to drive consistent risk identification, assessment, and issue remediation.
•    Support regulatory and audit engagements through coordinated, accurate, and timely responses
•    Help to develop and provide training to business line (1A) personnel on non-financial risks, controls, and supervisory procedures
•    Participate in RCSA, CRCA, and Risk ID execution and liaise with 1A to identify processes, risks, controls, and corresponding ratings
•    Participates in risk impact assessments of changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes/new implementation, regulatory requirements

Leadership and Communication

•    Proven ability to effectively contribute and collaborate with high performing teams across in person, remote, and hybrid environments, promoting inclusive leadership and diversity of thought to foster constructive challenge and stronger outcomes
•    Build a culture of accountability, collaboration, and continuous improvement by aligning team objectives with enterprise risk priorities, while guiding teams through high pressure regulatory reviews and audits with clear roles, disciplined execution, and timely delivery
•    Champion a high-performance environment and contributes to an inclusive work environment
•    Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. 
•    Champions a high-performance environment and contributes to an inclusive work environment

Collaboration and Influence

•    Partner effectively across the three lines of defense to ensure alignment and consistency in risk practice
•    Partner across Control and Support Functions, with a strong focus on Technology, to identify and manage IT and data risks, including third party dependencies and business continuity resilience.
•    Collaborate with other stakeholders to provide, document, and improve efficiencies and key metrics (KRIs/KPIs) on supervisory and operational risk topics for senior management when required
•    Provides support to leadership on regulatory and audit findings and work with business line management (1A) to track responses
•    Provide support on delegated supervisory tasks from the businesses (1A)
•    Influence key stakeholders by applying industry best practices and building compelling, business focused cases for risk and control enhancements.
•    Collaborate with other stakeholders to provide, document, and improve efficiencies and key metrics (KRIs/KPIs) on supervisory and operational risk topics for senior management when required.
•    Participate in the collation of information required by regulators and internal audit to facilitate the latter's examinations/reviews 
•    Other duties and projects may be assigned.

What You'll Bring

•    3+ years of experience in Capital Markets Trading Floor, Front Office, Finance or related fields;
•    Bachelor’s Degree in Economics, Finance or Business Management related fields
•    Strong knowledge and experience of capital markets and/or Transaction Banking processes to effectively interpret input from Business leaders and Subject Matter Experts (“SMEs”) 
•    Past experience of working with regulations and familiarity with latest laws
•    Strong written and verbal communication skills, ability to guide decision making process and facilitate consensus
•    Ability to network, collaborate, and interview stakeholders to attain necessary information for drafting Business Risk Management documentation and Written Supervisory Procedures (“WSPs”)

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 

#GBM

Location(s):  United States : New York : New York City || 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.