Title:  Director, Operational Risk - Canadian Banking & Global Wealth Management

Requisition ID: 219068

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

Leads the second line operational risk oversight for Canadian Banking (CB) and Global Wealth Management (GWM) business lines – products, services and distribution channels. The Director is responsible for providing advisory and healthy challenge in the business lines’ operational risk management practices, including the effective execution of all Operational Risk Management Framework tools in complying with the relevant operational risk policies and standards as well as ensuring proactive management of the top and emerging risks as identified.

Is this role right for you? In this role, you will:

• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Leverage strong business knowledge, act as a trusted advisor, provide value-added advice and independent effective challenge to the Canadian Banking and Global Wealth Management business lines in their operational risk management, utilizing key operational risk management tools such as Risk Control Self Assessments, operational risk scenario analysis, New Initiative Risk Assessment, Operational Risk Events escalation and assessment, issues management, and Key Risk Indicators reporting.
• Develop strong partnership, stay abreast of the business priorities and acts as the main point of contact to Canadian Banking and Global Wealth Management first line internal control teams, and applicable corporate support functions.
• Provide change leadership by pro-actively identifying opportunities and driving enhancement to the operational risk oversight practice; Provide insight to support the enhancement of the Bank's operational risk management framework tools, methodologies and program.
• Drive thematic analysis and root cause problem solving on issues identified through operational risk events reviews, self-assessments, scenario analysis and other reviews/testing including those performed by Audit, Shareholder Auditors, Compliance and Regulators to determine significant risks and ensure sound risk mitigations.
• Provide executive reporting on the business line operational risk profiles and represent Global Operational Risks to various risk committees as applicable, providing sound metrics, value-added advice and insight.
• Liaise with other non-financial risks specialist areas as well as second line operational risk teams globally to ensure holistic approach: Stays up to date on all relevant internal, external risk events, and industry development in order to drive awareness and focus on managing top and emerging risks.
• Manage and co-ordinate various regulatory requirements as requested by OSFI/Internal Partners.
• Support overall Operational Risk Oversight team mandate and deliveries as required; lead team initiative to enhance overall operational risk oversight practice and continue to build up team capabilities; support the overall department and other Bank units as required.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which his/her team 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, 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.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• University degree is required. Master degree in finance, economics or business are preferred.
• Expert knowledge in the business, products and processes.
• 5+ years experience in business management, internal controls, risk management, compliance, audit or related areas.
• Possess excellent interpersonal and relationship building skills working with various partners and leadership.
• Excellent communication (verbal and written), presentation and facilitation skills.
• Strong collaborator.
• Strong analytical and problem-solving skills.
• Demonstrated success at managing a team.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.