Title:  Senior Manager, Non-Financial Risk & New Initiatives (14 months contract)

Requisition ID: 259632 

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

The Role

Contributes to the overall success of Canadian Banking (CB) business units ensuring business goals, plans, and initiatives are delivered in support of the team’s business strategies and objectives while mitigating risks and complying with governing regulations, internal policies, and procedures.

The Senior Manager, Non-Financial Risk & New Initiatives supports the Director, Non-Financial Risk and the CB Risk Advisory team, to work closely with Canadian Banking Risk Owners and Control & Support Functions on risk and compliance activities to fulfill the mandate of the Non-Financial Risk Program.

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

1. Leads the execution of the Canadian Banking (CB) New Initiatives Risk Assessment process as part of the Bank’s Non-Financial Risk Management program. Support the business units and Initiative Sponsors during the assessment of initiatives that meet the policy criteria, which includes:
   1. Acting as a subject matter expert by providing advice to Business Lines regarding the assessment of risks for their initiatives as part of the NIRA process
   2. Assisting sponsors in completing related risk assessments (e.g. PIA, TRA, DIA, TDU, etc.) and creating action plans to ensure risks are mitigated in the case of identified gaps
   3. Serving as a liaison between Control & Support Functions and the Initiative Sponsors, including securing timely sign off from Control & Support Functions, when required
   4. Prepare and conduct training sessions to business units within Canadian Banking to increase awareness and understanding of the NIRA process.
   5. Ensuring all NIRAs are compliant with all policy and addendum requirements
2. Maintaining daily pipeline report of applicable CB NIRA initiatives and managing reports to help build CB’s risk profile (at the CB and business unit level)
3. Maintain strong relationships with the Canadian Banking business units, applicable Control & Support Functions, and Global Operational Risk teams to remain current on new developments and emerging risks.
4. Co-leading and producing documentation for the monthly Canadian Banking New Initiative Risk Review Committee (NIRRC) meetings
5. Contribute to a culture of constant improvement by analyzing existing procedures and proposing more efficient ways to obtain better results that add value to our customers and business.
6. In collaboration with the Director, Non-Financial Risk and Global Operational Risk, identify and operationalize changes and enhancements to the NIRA methodology
7. Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
8. Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
9. 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.
10. Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment, 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:

• Bachelor’s degree in business administration or a related discipline. MBA is preferred.
• 5+ years of experience in Non-Financial Risk Management or audit function in the financial services industry or 10+ years of relevant Banking experience.
• Strong understanding of the Canadian Banking business units, products, services, operations, systems and practices.
• In-depth understanding of the Bank’s operations and controls, including knowledge of organization and infrastructure.
• Excellent verbal and written skills with the ability to effectively communicate with business partners at all levels of the Bank.
• Proven leadership, time-management and attention to details skills.
• Strong knowledge of operational risk, regulations (OSFI Guidelines E-21, E-13, B-10), and internal policies & procedures impacting banking operations.
• Broad knowledge of key regulations covering Canadian Banking (e.g. Bank Act, etc.)

What’s in it for you?

• A rewarding career opportunity to create a new mandate and change how the bank operates – putting capabilities first
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day. 
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements. 

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.