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Title:  Vice President, Governance & Controls, GBM Internal Control




Requisition ID: 91740


Employee Referral Program – Potential Reward:  


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<span lang="EN-US" style="font-family:"Scotia",sans-serif">Purpose

<span lang="EN-US" style="font-family:"Scotia",sans-serif">Reporting to the Senior Vice President Global Banking & Markets (GBM), Internal Control, the Vice President, Governance & Controls, GBM Internal Control (VP) is responsible for overall base governance and control processes for non-financial risks in Global Banking & Markets business lines.  Responsible for the design and implementation of control processes and testing requirements (including test strategy, detailed test plans, reporting of test results) with input from the GBM business lines (Line 1A and 1B) and the second lines of defence (e.g. Compliance), thereby contributing to the overall success of the first line of defence in managing non-financial risks inherent in the businesses.

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<span style="font-family:"Scotia",sans-serif">Accountabilities

  • <span style="font-family:"Scotia",sans-serif">Designs, builds and delivers the operational risk policies, procedures and controls for the businesses working with the local leads for Internal Controls.  This includes oversight and supervision for trading desks in multiple locations across the full suite of GBM products. 
  • <span style="font-family:"Scotia",sans-serif">Provides expert advice to Management and Business Heads on non-financial risk. Monitors and identifies emerging risks and makes recommendations to executive management. Drives the process for remediation of regulatory and audit related issues.
  • <span style="font-family:"Scotia",sans-serif">Develop, monitor and regularly update first line operational risk accountabilities as risks evolve. These include leading the delivery of the enterprise operational risk tools, i.e. Risk Control Self Assessments, investigation and reporting of operational losses and development of Key Risk Indicators and other metrics.
  • <span style="font-family:"Scotia",sans-serif">Develop and sustain a robust risk assessment model and associated processes to effectively assess the inherent risks in the various business lines and processes and ensure appropriately designed controls are in place to manage the risks.
  • <span style="font-family:"Scotia",sans-serif">Develop and sustain the requisite reporting to GBM senior management and the GBM Core Risk Committee (CoRC) of Key Risk Indicators, Key Performance Indicators and other metrics, including but not limited to open audit and regulatory issues, operational risk events and emerging trends,
  • <span style="font-family:"Scotia",sans-serif">Lead the First Line Testing unit for key controls
  • <span style="font-family:"Scotia",sans-serif">Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.  
  • <span style="font-family:"Scotia",sans-serif">Provides advice and counsel to SVP, GBM Internal Control and the functional regional Internal Control teams on domestic and global strategic operational risk/non-financial risk issues relevant to GBM’s operations.
  • <span style="font-family:"Scotia",sans-serif">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.
  • <span style="font-family:"Scotia",sans-serif">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.
  • <span style="font-family:"Scotia",sans-serif">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.

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<span style="font-family:"Scotia",sans-serif">Dimensions

  • <span style="font-family:"Scotia",sans-serif">Global support of high-regulatory focus jurisdictions
  • <span style="font-family:"Scotia",sans-serif">Complex and very different business lines in GBM;
  • <span style="font-family:"Scotia",sans-serif">The incumbent is expected to maintain an in-depth knowledge of operational conditions throughout the applicable Business Lines and the state of regulatory matters, be able to resolve issues of non-compliance and to escalate issues promptly that are deemed to be serious, or have broad impact;
  • <span style="font-family:"Scotia",sans-serif">The incumbent should be able, on his/her own initiative, to resolve issues and recognize the need to involve his/her supervisor/s and/or Subject Matter Experts when required.

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<span style="font-family:"Scotia",sans-serif">Education/Experience

  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">At least 10 years of experience in a capital markets and wholesale banking role;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">This role requires significant capital markets and wholesale banking product knowledge for the full life cycle of a transaction.
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Knowledge of market risk, credit risk and operational risk is required to prevent and detect fraud and market abuse;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Expertise in regulatory and compliance requirements for all GBM locations;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Experience in developing controls and regulatory reporting is required;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Experience in developing standards and procedures that address global and local requirements;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Ability to balance multiple competing priorities and make progress on addressing significant risk issues;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Strong written and verbal communications and inter-personal skills.

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<span style="font-family:"Scotia",sans-serif">Working Conditions

  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Dynamic, fast paced office-based environment.
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Occasional travel is required;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">Demands can be unpredictable;
  • <span lang="EN-US" style="font-family:"Scotia",sans-serif">In-office work hours may be long due to tight timeframes and the dynamic environment of capital market activities, and to provide support to other locations.


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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