Title:  Senior Manager - U.S. Third Party Risk

Requisition ID: 217448

 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! 

Purpose
 

Contributes to the overall success of the US Risk Management Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies, and procedures.

The U.S. Third Party Risk Management team is responsible for the execution of the US Third Party Risk Framework. As the lead second line of defense for Third Party Risk in the United States, this role supports the Director- Head of U.S. Third Party Risk to provide independent oversight and challenge the methodologies, policies, process, and tools to support the U.S. Third Party Risk Management Framework while meeting U.S. supervisory expectations.
 

What You’ll Do 

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

  • Lead the annual maintenance and refresh of the US Third Party Risk Management Framework and Procedures as well as ensuring the appropriate committees and stakeholder have provided approvals where needed.

  • Ensure that the team is performing quality assurance and effective oversight on an ongoing basis.

  • Develop and presents selected meeting materials for the Third Party Working Group (and other related Committees such as the MRC) and ensures the agenda is appropriate, including review of outstanding risks/strategies/topics. 

  • On annual basis, ensures that the team is performing a deep dive into the third party inherent risk and residual risk profile, including any changes in IRQ or Control Assessment Due Diligence.

  • Oversee the various standards governing the framework (e.g., Third party incident monitoring templates, SLA monitoring guidelines, KRIs and reporting)

  • Serve an escalation point with Third Party stakeholders (e.g., Global TPRM, Legal, Contract Owners Technology, etc.)  gain buy-in for various initiatives or to highlight issues or problems requiring attention. 

  • Interface with Internal Audit and external regulators, both during audits and remediation efforts but also in the preparedness stage and possesses the right level of decorum to attend face to face or virtual meetings representing our team.

  • Has the ability to “train the trainers” on our team to conduct day to day work our various tools and technology systems such as COUPA, Icertis and Clausematch (subject to change)
     

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

• Actively pursue 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 with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct. 

•  

  Champion a high performance environment and implements a people strategy that attracts, retains, 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 Vendor Management 
• Exceptionally good project management skills
• High attention to details 
• Excellent interpersonal skills
• Excellent ability to write procedures and train others on Firm processes.
• Excellent ability to create inherent and residual risk models.
• Experience in reading contracts, providing guidance on service level agreements.
• Proven record of collaborating with vendors to escalate concerns

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.