Title:  Senior Manager, Business Risk Management, Global Insurance (International)

Requisition ID: 252742 

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

Purpose

Provides leadership and oversight of first line non-financial risk programs for Global Insurance across international jurisdictions. The role ensures business strategies, plans and initiatives are executed in compliance with local regulatory requirements, country specific insurance regulations, and internal policies and frameworks.

The Senior Manager ensures integrated and comprehensive business controls are in place to reinforce a strong risk and control culture, supporting operational risk, conduct risk, third party risk, privacy, ABAC, and compliance programs across the international insurance business. The role contributes to the execution, monitoring, and continuous improvement of non-financial risk programs and supports the consistent application of best practices across the global insurance footprint.

Accountabilities 

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

•    Supports a strong risk and control culture by partnering with in-country Global Insurance Canada to apply Bank policies, local regulatory requirements, and risk management practices across multiple jurisdictions.

•    Supports the execution of core non-financial risk programs including privacy, ABAC, conduct and sales practices, AML, compliance requirements, operational risk, third party risk, and other first line responsibilities.

•    Coordinates key risk program activities such as Compliance Risk and Control Assessment (CRCA), Risk and Control Self-Assessment (RCSA), Key Risk Indicator (KRIs), Issues Management, risk assessments, and monitoring activities, ensuring results are documented and escalated as needed.

•    Supports the assessment and monitoring of insurance product manufacturing, distribution activities, and reinsurance processes by identifying control gaps, and recommending improvements.

•    Assists the business with understanding and implementing regulatory requirements by monitoring obligations, supporting regulatory change activities, and helping remediate compliance gaps.

•    Coordinates with internal audit, compliance testing, and risk review teams by supporting fieldwork, tracking remediation plans, validating completion, and escalating delays or deficiencies.

•    Contributes to the improvement of controls and risk frameworks by identifying issues, recommending enhancements, and assisting with implementation activities that strengthen operational soundness.

•    Monitors industry developments and emerging risks in insurance and financial services and provides relevant insights to business partners and leaders.

•    Builds strong working relationships with Global Wealth Management and Internation Banking Business Risk, in country teams, and enterprise partners to support consistent execution of risk and control activities across Global Insurance.

•    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 his/her 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. 

•    Champions a high performance environment and contributes to an inclusive work environment. 

                                               
Dimensions

•    Supports Global Insurance operations across multiple international jurisdictions.
•    Works within diverse regulatory environments with varying levels of maturity and local requirements.
•    Supports insurance product manufacturing, distribution, and reinsurance activities in applicable international markets.
•    Interacts with in‑country insurance teams, local compliance groups, and enterprise risk partners across geographies.

Education / Experience:

•    Fluency in Spanish is strongly preferred.
•    University degree in business, finance, risk management or related field, with progressive experience in financial services and insurance.
•    Strong understanding of insurance businesses, including products, operations, systems and distribution practices in Canada.
•    Experience supporting first line non financial risk management, including risk and control assessments, issue identification and remediation tracking, identification of control gaps, recommending practical risk-based solutions and ongoing monitoring activities.
•    Experience working with Compliance, Internal Audit, and other control functions, including supporting reviews and tracking remediation actions.
•    Experience using risk indicators or data to identify trends, emerging risks, or control weaknesses.
•    Ability to influence and challenge stakeholders, providing effective first line risk input on business initiatives.
•    Strong written and verbal communication skills, with the ability to prepare clear, concise risk and issue summaries for management. 
•    Ability to manage multiple priorities and deliver results in a high performing, flexible team environment.
•    Strong practical knowledge of power point (working knowledge of Power BI is an asset).
•    Demonstrated proficiency in PowerPoint (practical experience using Power BI is an asset).

Work Arrangement: 
Work in a standard office-based environment; non-standard hours are a common occurrence. 

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.

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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.