Title:  Associate, First Line Supervision Support - Toronto

Requisition ID: 214149

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

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
Assist and lead, as required, with the management of Operational Risk inherent in capital markets activities as part of the GBM Internal Control Canada (GBM IC Canada) group within Global Banking & Markets (GBM).  The incumbent will monitor, review and report on the management of Operational Risk within GBM. Responsibilities will include ensuring effective internal controls exist, address issues, as and when they arise and provide general support and oversight (as delegated by Management) in GBM. 

What You'll Do: 

• Assist with the oversight and supervision of GBM staff, including escalating key issues and emerging risks to GBM Internal Control Management as well GBM Management
• Coordinate with business line partners (Compliance, GWO, Technology, Global Risk Management etc.) to develop, maintain and report management information on-financial risk information for Senior Management and Core Risk Committee
• Assist with the planning and execution of Risk and Control Self Assessments (RCSAs) and Compliance Risk and Control Assessments (CRCA)
• Assist with the development, maintenance and periodic review of key risk indicators, key performance indicators and metrics to allow for effective management of non-financial risks in CIB and other GBM Canada business lines
• Perform periodic testing and monitoring of key processes to ensure the design and operating effectiveness of the controls.
• Assist GBM Management with ad-hoc requests and special projects
• Assist with the tracking and remediation of Internal Audit findings, Compliance Testing findings, GBM First Line Testing findings and Regulatory findings
• Maintain regular communication with GBM stakeholders to determine changes to processes and controls
• Assist with the root cause analysis of operational risk events and recommend appropriate action plans
• Assist Management in the provision of Request for Information related to Internal Audit, Compliance Testing and Regulatory reviews and examination
• Assist in updating and documenting key controls in Open Pages for regulatory obligations library
• Assist in the design, maintenance, implementation and monitoring of Written Supervisory Procedures (WSPs) for Front Office employees
• Support GBM Internal Control – Canada in the development of internal standards, guidelines, and procedures to manage non-financial risks
• Act as the escalation point for operational risk events including client complaints

What You'll Bring:

• Bilingual in French/Spanish is preferred 
• Bachelor’s degree in finance or relevant education background
• Completion of the CFA or MBA would be an asset
• Good working knowledge of capital market business
• Good knowledge of internal controls
• Strong written and verbal communications and inter-personal skills

Work Arrangement: 
This position is currently a hybrid role, with the expectation that you will work at least 3 days a week in the office. Please note that this is subject to change based on the needs of the business.

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):  Canada : Ontario : Toronto 

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.