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Title:  VP, Third Party Risk Management

 

 

 

Requisition ID: 71417

 

Join the Global Community of Scotiabankers to help customers become better off.

 

 

About Enterprise Risk Management

 

Enterprise Risk Management ensures key organization-level risks are identified and are mitigated through the development, implementation, and management of enterprise risk frameworks, appetites, key policies, controls, and risk reporting. In addition, ERM provides independent challenge and advice and counsel to business lines and subsidiaries on these enterprise risks.

 

Purpose

 

Provide leadership in the development, implementation and oversight of the global framework for Third Party Risk within the Bank, inclusive of third party oversight, governance, reporting, communications, and education Bank-wide. This role involves shaping the strategy, governance and oversight of the processes and structures used across the enterprise to direct and manage third party risk management operations and activities, and achieves value through regulatory compliance, risk reduction, and operational effectiveness. 

 

Accountabilities

  • Establish Scotiabank’s strategy for Third Party Risk Management, and drive the development, execution, fulfillment and sustainability of the Global Target Operating Model
  • Partner closely with senior leaders, Global Procurement Services and relevant stakeholders in the development, implementation and ongoing management of Scotiabank’s Third Party Risk Management (TPRM) Framework
  • Champion and lead stakeholder engagement and accountability relative to TPRM globally across the enterprise and across the three lines of defense
  • Oversee the development of TPRM policies, tools and standards, ensuring alignment with industry best practice and satisfying regulatory requirements across all jurisdictions
  • Provide Centre of Excellence expertise for all matters related to Third Party Risk Management enterprise-wide
  • Accountable for the provision of oversight, knowledge-based support and effective 2nd line of defense challenge to the 1st line of defense 
  • Oversee the development and delivery of effective and relevant TPRM reporting to internal committees, business leaders and partners, as well as regulatory bodies and other external stakeholders as required
  • Leadership and oversight of TPRM risk reviews, quality control, quality assurance, incident management, etc.
  • Implement effective governance processes to swiftly address key risks, issues and challenges that may arise within the program
  • Build and sustain relationships with business leaders and relevant stakeholders to enable continuous improvement within the program
  • Represent Scotiabank on matters relevant to TPRM within the industry, with regulators and among peers in the market
  • Directs day-to-day activities in a manner consistent with the Bank’s risk culture and the relevant risk appetite statement and limits.  
  • Communicates the Bank’s risk culture and risk appetite statement throughout their teams.
  • 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

  • Close partnership with senior leaders across Global Risk Management, Scotiabank’s business lines, Global Procurement Services, Control & Support Functions, and Audit
  • Accountable for satisfactory internal audit reviews and external audit and regulatory examinations related to TPRM
  • 2-3 direct (+7-8 indirect) reports with a broader team size of approximately 10-12 direct (+~20-25 indirect)

 

Education / Experience

  • Business degree required. Master’s degree preferred. Certified Public Accountant (CPA), Certified Financial Analyst (CFA), or other relevant professional designation an asset
  • 10+ years of risk management leadership experience within the financial services industry
  • Advanced knowledge of contracts and laws related to Third Party Risk Management an asset.
  • Advanced knowledge of regulations related to Third Party Risk Management in the financial services industry
  • Ability to promote innovative ideas and accept the risks that are required to lead change
  • Strategic influencing and negotiating skills to effectively persuade and influence peers and senior management
  • Strong business acumen and organizational skills
  • Exceptional oral and written communication skills and the ability to succinctly convey information to senior management
  • Fluency in Spanish is not necessary but would be an asset

 

Location(s):  Canada : Ontario : Toronto 

As Canada's International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

 

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.


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