Title:  Senior Manager, First Line Operational Risk, New Initiatives and Third-Party Risk Management

Requisition ID: 214390

 Salary Range: 117,400.00 - 224,700.00 

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
 

Contributes to the overall success of Internal Controls and Third Party Risk within the United States ensuring specific individual goals, plans, and initiatives are executed / delivered in support of the business’s strategies and objectives. Provides support and serves as a subject matter expert in Third Party Risk. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures. The US Internal Controls Third Party Risk team is responsible for the execution of the US Third Party Risk Framework. As the first line of defense for Third Party Risk in the United States, this role supports US Third Party Risk to provide oversight of third party services as well as developing the methodologies, processes, and tools to support the U.S. Third Party Risk Program and satisfy supervisory and management expectations. 
 

What You’ll Do 

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Partners with business units, operations, technology, risk management and other stakeholders to understand the business environment, evolving business priorities, and obtain key data and information.

• Provide timely and high quality responses to inquiries from regulators, internal audit and senior management.

• Key leader in providing effective oversight and governance of our third-party relationships and all aspects of the vendor & service management lifecycle:

  • Facilitate third party service due diligence & risk assessments.

  • Review contracts/agreements.

  • Conduct ongoing monitoring for existing third party relationships.

  • Support business units with onboarding, off boarding and contract renewals with third-party vendors.

  • Coordinate and develop quality assurance and effective oversight processes and execute said processes on an ongoing basis.

  • Working knowledge of assessment groups and associated processes to aid in service reviews.

  • Develop training materials and provide training and education to business line and support function stakeholders.

  • Partner with Third Party stakeholders (e.g. Legal, Operations, Technology, etc.) stakeholders to gain buy-in for various initiatives.

  • Provide guidance to and work with the first line of defense in translating third party management requirements into practical considerations.

  • Review existing and evolving regulations and craft implementation to enhance the framework accordingly.

• Lead multiple projects with multiple third parties and other projects and duties that may be assigned.

• Maintain a high level of awareness of related changes and developments in Third Party Risk through the review of publications, seminars, employee training, etc., and develop and enhance policies, procedures and internal controls.

• Coordinate in the collation of information and execution required by regulators and internal audit to facilitate the latter’s examinations/reviews.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations. 

• Develops and motivates their team by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.

What You’ll Bring 

• 8+ years’ experience in Third Party Risk or a related field
• Preferably a Maters Degree in Finance or a related field
• Excellent project management skills
• High attention to detail
• Excellent interpersonal skills
• Ability to write procedures and train others on Firm processes

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.