Senior Manager, Global Operational Risk Oversight (Contract)

Requisition ID: 272294 

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

The objective of this position is to ensure that the Global Banking and Markets (GBM) and Group Treasury (GT) operations of The Bank of Nova Scotia have appropriate governance in place to effectively challenge operational risk and related governance activities that align with the Enterprise Framework and meets local supervisory expectations.

• Owning and implementing SBUS’ operational risk management framework.
• Effectively challenging the businesses, and control and support functions, providing senior management with an independent assessment of businesses’ operational risk and divisional risk profile, and
• Identifying new and emerging operational risk themes based on internal and external data.

The Senior Manager, acting as the second line function, will challenge the effectiveness of the design of first line operated controls and monitoring methods, identify control deficiencies, if any, and assist the Office of the U.S. Chief Data Officer and other 1LOD owners with developing appropriate corrective action plans. The Senior Manager will also be expected to lead the evolution of the operational framework as part of Scotiabank ’s broader efforts to enhance its risk management capabilities.

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

• Maintain and enhance GBM and GT operational risk management framework, supporting standards and procedures covering identification, measurement, monitoring and management of operational risk. Key parts of the framework include incident reports, Risk Control Self Assessments (RCSAs), operational risk deep dives, scenario analyses, identification and monitoring of Key Risk Indicators (KRIs), New Initiative Risk Assessment (NIRA), issues management, and the development and refinement of risk taxonomies.
• Integral member responsible for the execution of day-to-day responsibilities owned by the operational risk team including, effective challenge of operational risk oversight activities including, but not limited to, completed internal operational risk reports, RCSAs, and scenario analyses.
• Collaborate with other non-financial risks specialist areas as well as second line operational risk teams globally to ensure holistic approach: stay up to date on all relevant internal, external risk events, and industry development to drive awareness and focus on managing top and emerging risks.
• Lead efforts (e.g., training, communications) to enhance the profile of operational risk within GBM & GT and reinforce the company’s broader risk culture.
• Support executive reporting on the business line operational risk profiles and represent Global Operational Risks to various risk committees as applicable, providing sound metrics, value-added advice and insight.
• Support various regulatory requirements as requested by OSFI/Internal Partners.
• Provide support for the timely and accurate escalation of review findings and facilitate analysis for remediation.
• Champions a high-performance environment and contributes to an inclusive work environment.

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 or international equivalent required.
• Advanced degree preferred.
• A minimum of 15 years of experience working at a financial institution, with at least 10 years’ experience in Operational Risk Management, or related Compliance, Risk Management or Audit experience.
• Experience with Risk Identification and Assessment and/or RCSA process a must.
• Deep understanding of the regulatory expectation for GBM & GT. Operational Risk Management.
• Hands-on experience developing and producing management reports.
• Strong interpersonal and presentation skills with multiple stakeholders both internal and external.
• Excellent organizational and communication skills.
• Ability to work independently.
• Demonstrated ability to operate at a strategic level.
• Ability to solve problems, multi-task and manage changing priorities.

What’s in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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.