Title:  Senior Manager, Non-Financial Risk & New Initiatives

Requisition ID: 230118

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

Purpose

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 of Canadian Banking Risk Operations 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.

Accountabilities

• Leads the execution of the 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 criterion.
• Maintaining daily pipeline report of all NIRA initiatives
• 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
• Co-leading and producing documentation for the monthly New Initiative Risk Review Committee (NIRRC) meetings;
• Assisting sponsors in creating action plans to ensure risks are mitigated in the case of identified gaps
• Serving as a liaison between Control & Support Functions and the Initiative Sponsors, including securing timely sign off from Control & Support Functions, when required
• Ensuring all NIRAs are compliant with all policy and addendum requirements
• In collaboration with the Director, Risk Operations and Global Operational Risk, identify and operationalize changes and enhancements to the NIRA methodology
• Prepare and conduct training sessions to business units within Canadian Banking to increase awareness and understanding of the NIRA process.
• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• 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.
• 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.
• Understands 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, communicating vison/values/business strategy and managing succession and development planning for the team.

Dimensions

• Supporting products and business units within Canadian Banking
• A strong understanding of operational processes and technology will contribute to the success of the Non-Financial Risk Management Program. Continuous improvement of regulatory/risk processes will be required throughout the program.
• Providing knowledge of risks related to Canadian Banking products.
• The incumbent will be required to work with stakeholders from all levels across the Canadian Banking business units (including Tangerine) and the Control & Support Functions.

Education / Experience / Other Information

• MBA or University degree with a minimum of 10-15 years’ experience in financial services.
• 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.
• 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.)

Location(s):  Canada : Ontario : Mississauga || 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.