Title:  Senior Manager, Non-Financial Risk

Requisition ID: 214309

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

Purpose

Contributes to the overall success of the Canadian Banking Internal Controls Unit ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

The Senior Manager, Non-Financial Risk Advisor, Canadian Banking supports Internal Controls to work closely with Canadian Banking Risk Owners / Business Controls (1A) teams, Business squads and Control & Support Functions on risk and compliance activities to fulfill the mandate of the Non-Financial Risk Program. In addition, the incumbent will support the implementation and sustainment of a strong risk culture and effective control environment for Canadian Banking

Accountabilities

1. Non-Financial Risk Management:  Supports the execution of operational strategies and plans designed to improve the Business Unit’s Non-Financial Risk Management program. 
Related activities include: 

•    Providing sound advice and support to Risk Owners and business partners / stakeholders with Operational Risk Management.
•    Participating in business projects and working sessions and proactively identifying potential risks as part of product / feature / solution design.
•    Challenging the design and implementation of Canadian Banking business initiatives/projects and collaborate on the design of effective controls to mitigate key risks.
•    Facilitating and accelerating the completion of risk assessments (e.g. New Initiative Risk Assessments, , Risk and Control Self-Assessment (RCSA) , Compliance Risk and Control Assessment (CRCA), Privacy Impact Assessments, Threat Risk Assessments, etc.).
•    Acting as the first point of contact in regards to risk and compliance inquiries for Risk Owners and business partners, 2nd line partners and other 1B teams.

2. Collaborate with peer risk advisors in supporting Risk Owners and business partners, this includes but not limited to the following: sharing best practices to address risk and compliance across business units, facilitating cross-business working sessions to develop holistic risk and compliance solutions, cross-training peers to provide backup support to Risk Owners, etc.

•    Support the management of business unit regulatory control libraries and help identify, document and/or update regulatory controls on a proactive basis.

•    Support the Risk Owners to define risk appetites, metrics and thresholds for ongoing monitoring including developing sub-business line Risk Appetite Statements.

•    Develop and publish periodic non-financial risk reporting including providing data driven insight into business risks to support the Risk Owners in understanding, monitoring, and mitigating key non-financial risks.

•    Support the Risk Owners on Issues Management including root cause analysis, action planning, and issues tracking for risk mitigation.

•    Support ad hoc risk and compliance remediation and assessment activities within Canadian Banking including, but not limited to audit issues, compliance issues, industry reviews, and scenario analysis.

•    Assist the Director with developing and executing on the annual Canadian Banking Non-Financial Risk strategy and plan.

•    Continuously identify opportunities to improve the effectiveness of risk and compliance policies, processes, and activities. 
•        Maintain awareness of regulatory requirements, emerging risks and industry best practices in risk and compliance management.

•    Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

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

•    Actively pursue effective and efficient operations of their 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.

Dimensions
 

• This role would support the following business units within Canadian Banking with primary focus on specific businesses within Retail Banking:
  • Branch Distribution 
  • Retail Deposits and Day-to-Day Banking
  • Credit Cards & Unsecured Lending and Payments
  • Insurance Canada
  • Small Business
  • Commercial Banking
  • Real Estate Secured Lending
  • Automotive Finance
  • Canadian Contact Centers 
  • Canada Collections 
  • Digital Banking

Education / Experience / Other Information

•    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 regulatory compliance and operational risks impacting the Bank and the importance of key mitigating controls.
•    Experience with identifying, documenting, and assessing risk and controls within the first line.
•    Strong understanding of OSFI E-13 and E-21.
•    Experience with reporting, data analytics and process mapping are an asset.
•    Excellent verbal and written skills with the ability to effectively communicate with business partners at all levels of the Bank.
•    Proven leadership and time-management skills.
•    Excellent problem solving, critical thinking, and negotiating skills.
•    Expert knowledge of Microsoft PowerPoint, Excel, Word, and Visio.
 

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.