Title:  Senior Analyst, First Line Operational Risk, Operations RCSA

Requisition ID: 211633

 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! 

Overview

As a valuable team member in the Internal Control group, this employee will contribute to the success of the SBUS control framework by working as and with the First Line of Defense to support the execution of the highly regulated Risk & Control Self-Assessment (RCSA) program, facilitation of open issues management, documentation and reporting on Operational Risk Events (ORE), and facilitate coordination of other risk governance activities such as Key Risk Indicators (KRI), Standard Operating Procedure (SOP) documentation, End User Computing (EUC) Controls and Business Continuity Planning (BCP) for U.S. Operations

What You’ll Do

• Work with the Internal Control Senior Manager to execute the RCSA framework, plan, and evaluation of operational risk across for U.S. Operations functions (e.g. Client Onboarding, Middle Office, Settlements and Clearing, Margin, Deposits, Payments, and Tax Reporting).
• Centrally manage and track open issues and remediation efforts for issues attributed to the U.S. Operations team and liaise with the specific issue and action owners for periodic updates to manage the closure process.
• Partner with local U.S. Operations line managers to understand Operational risk events, analyze the root cause of issues and to determine effective corrective actions.
• Facilitate and support the escalation, documentation, and lifecycle management of Operational Risk Events (gains, losses, near misses) Ø Participate in the annual Risk ID assessment with U.S. Operations leadership to document changes in the expected risk profile of all operational functions supported in the U.S.
• Participate in executing the Scenario Analysis with U.S. Operations line managers and process owners.
• Coordinate the annual review of the Key Risk Indicators and Key Performance Indicators to be monitored and reported for US Operations with process and control owners.
• Train U.S. Operations stakeholders on the identification, ownership, and responsibilities around operational risk and mitigation practices.
• Work with Global Wholesale Operations and Internal Controls risk counterparts globally (Toronto, London/Ireland, Asia Pacific) to ensure holistic reporting of operational risk to operations leadership globally.
• Participate to the annual planning assessment of the U.S. Operations RCSA universe.
• Coordinate the biennial refresh and annual attestation of SOPs with U.S Operations process owners.
• Coordinate the documentation and assessment of End User Computing tools with U.S. Operations EUC owners.
• Coordinate the documentation and refresh of the Business Continuity Plan for U.S. Operations by working with leadership to determine requirements and make changes as operational activity evolves.

What You’ll Bring 

• Minimum of two years of relevant experience in financial services industry, particularly in risk management, regulatory compliance, operations, or audit.
• Bachelor’s degree in Finance, Business, or related field.
• Ability to work independently and comfortably liaise with senior management and a broad range of operations and risk subject matter experts.
• Strong attention to detail and analytical skills
• Strong time management and ability to meet strict deadlines.
• Strong written and verbal communication skills.
• Independent thinking and willingness to challenge assumptions.
• Use of and/or interest in business intelligence and/or automation tools (e.g., Power BI, Alteryx, VBA, etc.)

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. 
 

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

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.