Title:  Associate Director, Business Risk Management (GBM) - Toronto, ON

Requisition ID: 271831 

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

Associate Director, Business Risk Management (GBM) – Toronto, ON

Global Banking and Markets

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

Purpose:

Contribute to the overall success of Non-financial Risk Assessments and Records Management programs, globally, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives

Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures

What You’ll Do:

• Risk Assessments: Lead and contribute to the development, implementation, and maintenance of GBM’s non-Financial Risk Assessments, in compliance with applicable Bank Frameworks, Policies, Procedures and Guidelines
  • Lead and participate as a member of the team in overseeing the globally consistent execution on non-financial risk assessment activities, i.e. Risk Control Self Assessments, Compliance Risk Control Assessments, Third Party Risk Management, New Initiative Assessments
  • Lead and participate in Incident Management and Issue Management initiatives to ensure consistent execution globally
  • Act as central global non-Financial Risk Assessment GBM subject matter expert for GBM

• Records Management: Lead and contribute to the development, implementation, and maintenance of GBM’s records management program, in compliance with the Banks’s records management Framework, Policies, Procedures and Guidelines

• Lead and participate as a member of the team to innovate and create ways to identify, retain, retrieve and dispose of records in an efficient and effective manner
• Lead the documentation and maintenance of procedures and guidelines in collaboration with Global Compliance, Technology and other control and support functions for recordkeeping requirements
• Oversee and execute the periodic monitoring, testing and validation of records or recordkeeping, including monthly OTC Derivative trade reconstruction to test the Bank’s ability to provide information to a regulator within 72 hours, when requested
• Act as a global records management subject matter expert for GBM

• Design and support the maintenance, creation and review of dashboards and reporting for performance oversight and monitoring for records management and non-financial risk assessments
• Design and support the creation, aggregation, and disaggregation reporting, metrics and dashboards for GBM senior management, or executive committees (globally and regionally)
• Lead and assist in the production of relevant, accurate, and comprehensive information in response to regulatory inquiries or Legal privilege and confidential requests for support
• 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 their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
• Champion a high-performance environment and contribute to an inclusive work environment
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Other duties and projects may be assigned from time to time

What You’ll Bring:

• University degree in the business, finance or risk management disciplines
• At least five years’ experience in a capital markets or risk management role at a Financial Institution
• In-depth knowledge of capital markets business, financial instruments and OTC derivatives
• Strong quantitative and problem-solving skills
• Strong knowledge of internal controls
• Strong written and verbal communications and inter-personal skills
• Proficient with data visualization tools such as PowerBI, desirable
• Proficient in data analysis, specifically with Python programming language
• Proficient in English and one of the following languages is an asset, French, Spanish or Portuguese

Work Arrangement: 

This position is an onsite role, with the expectation that you will work 4 days a week in the office. Please note that this is subject to change based on the needs of the business. 

#LI-Onsite #GBM 

Interested?

At Scotiabank, you’ll be joining an organization that values inclusion, accountability, innovative thinking and collaboration, a culture where people feel safe to learn, grow, and contribute while delivering exceptional results for our clients. We believe in winning together, as one team, strengthening the collaborative spirit that defines GBM’s client partnerships. We value transparency, shared goals, and purposeful work.  

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.