Title:  Associate, First Line Testing - Toronto (12-Month Contract)

Requisition ID: 200118

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
You will contribute to the effective design and execution of the First Line Testing program globally; ensuring business strategies, plans and initiatives are carried out in compliance with governing regulations, internal policies and procedures. In addition, this role also supports high priority initiatives such as Risk Assessment, Issue Management, and regulatory response for the overall program.
 
What You'll Do:

• Perform qualitative and risk-based First Line Testing by evaluating key control points of a sample selection and developing testing results in accordance with Global Banking and Markets (GBM) First Line Testing Procedures. The reviews will require good knowledge of GBM policies and procedures, including regulatory onboarding. 
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Lead and/or support a variety of periodic testing and quarterly Quality Assurance reviews.
• Testing of a broad variety of GBM-related procedures and risks, including regulatory onboarding procedures that impact GBM business trading activity (Dodd-Frank, EMIR, Canadian Trade Reporting) and the review of procedures and ad-hoc reviews
• Perform analysis to identify and address patterns, themes, or trends that indicate potential weaknesses or gaps in the execution of GBM First Line Controls
• Produce GBM metrics and key risk and performance indicators
• Provide effective and constructive feedback to the First Line of Defence within GBM on identified deficiencies
• Support in developing appropriate corrective and preventive actions plans. 
• Draft periodic reporting of findings and progress against remediation objectives to management and other key stakeholders
• Support continuous development on GBM First Line Testing Methodologies
• Support in the development of training, where appropriate, based on Regulatory Onboarding QA results and progress of corrective actions
• Developing and maintaining key relationships with both the First and Second Lines of Defence (e.g., global derivatives compliance teams, GBM Internal Controls stakeholders)
• 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 with respect to operational risk, regulatory compliance risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Guidelines for Business Conduct.
• Participating in ongoing initiatives and projects, as required

 
What You'll Bring:

• Bachelor’s degree in business administration, finance, or equivalent work experience
• Experience in Operational Risk or Project Management
• Experience in OTC Derivative trading activities and regulatory requirements is preferred 
• Minimum of 4 years in financial services, consulting, operational risk, internal controls and/or compliance
• Prior experience in examinations/auditing roles, Quality Assurance, and an understanding of testing methodology and risk and controls analysis
• Knowledge in capital markets and wholesale banking products and operating model is strongly preferred
• High proficiency in Excel, PowerPoint with ability to manage large datasets – analytics skill and/or knowledge of Power BI are preferred
• Data and financial analysis experience is preferred
• Fast learner, strong analytical skills and critical thinking capabilities to frame and structure complex issues effectively and develop insights and recommendation.
• Change agent with high energy, demonstrated strong ability to work under pressure, deal with ambiguities and uncertainties, and drive for result
• Strong communications, organizational, project management, and planning 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.