Manager, Compliance Risk and Control Assessment

Global Banking and Markets 
 
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 
 
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. 
 
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future! 

Purpose

Contributes to the overall success of the Global Banking and Markets & Group Treasury (“GBM&T”) Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

The objective of this position is to support the execution, maintenance and ongoing enhancement of the U.S. Compliance Risk and Control Assessment (“CRCA”) program. The Manager will partner with the CRCA Senior Manager to help administer the annual and quarterly CRCA processes, support adherence to CRCA policies, procedures and governance requirements, and provide guidance to business and corporate function units in completing risk assessments consistent with applicable methodology. The Manager will support the review and challenge of assessment inputs, rationale documentation, action plan mapping, quality assurance activities, management reporting and related program enhancements. The role requires substantial coordination with Compliance Advisory, Business Units, Corporate Functions, Internal Audit and other stakeholders to promote consistent execution, data quality, timely escalation and sustainable control enhancements across the U.S. Compliance framework.

What You'll Do 

• Support the execution of the independent second line CRCA process, including annual and quarterly assessment activities, themed reviews and ad-hoc reviews of Business, Corporate Function and Compliance processes.
• Review and challenge risk assessment inputs, documented rationale, control strength considerations and action plan mappings to help ensure assessments are complete, supportable, consistently applied and aligned to CRCA methodology and governance requirements.
• Execute CRCA quality assurance reviews in a timely manner, document results clearly and prepare actionable recommendations to strengthen assessment quality, rationale documentation, data integrity and stakeholder execution.
• Assist in maintaining CRCA policies, procedures, operating guidance, training materials, and related governance documentation to support consistent execution across U.S. Compliance stakeholders.
• Maintain strong relationships with key stakeholders, including Compliance Advisory, Business and Corporate Function units, Internal Audit, other control partners, to support timely input, effective challenge and appropriate escalation throughout the CRCA lifecycle.
• Monitor regulatory, business and control environment developments that may impact Compliance risk assessments, related controls, action plans, monitoring, testing or management reporting.
• Coordinate CRCA deliverables, timelines, stakeholder communications and follow-ups to support timely completion of assessment milestones and related governance reporting.
• Support preparation of annual and periodic CRCA reporting, including qualitative results summaries, key themes, risk trends, action plan status, quality review results and materials for management or governance forums.
• Support the use of CRCA outputs to inform related Compliance activities, including surveillance activities, monitoring priorities, testing considerations, issue management, regulatory library/control mapping and broader compliance risk reporting.
• Identify opportunities to improve CRCA process efficiency, workflow, reporting, data quality, taxonomy alignment, and documentation standards.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities, assessment judgments, stakeholder challenge and escalation decisions.
• Identify and implement technology, automation and process-related recommendations to improve CRCA execution, management reporting, evidence retention and data quality.
• Provide guidance to stakeholders on CRCA methodology, rationale expectations, documentation standards and quality review feedback.
• Assist in driving discussions with stakeholders to develop, refine and track action plans for areas with elevated compliance risk, ineffective controls or quality review observations.
• Support clear mapping of CRCA results to business lines, assessable units, applicable risk taxonomy categories, controls, issues and related Compliance program outputs.

What You'll Bring

• A minimum of five to seven years (5 - 7+) of compliance, risk management, audit, regulatory exam support or related financial services experience, preferably with a major international banking organization with institutional trading & sales, investment banking, institutional broker dealer and FCM/swap dealer businesses.
• Experience supporting or executing compliance risk assessments, control assessments, regulatory risk programs, issue management, monitoring, testing or related second line risk management processes.
• Experience reviewing assessment rationale, challenging risk or control conclusions, preparing management reporting and coordinating deliverables across multiple stakeholders within a financial services environment.
• Strong written drafting, editing, verbal communication and presentation skills, including the ability to prepare clear governance materials, executive summaries and quality review feedback.
• Good understanding of applicable Federal and State laws relevant to non-U.S. banks operating in the U.S., SEC registered broker-dealers, futures commission merchants, swap dealers and registered investment advisors.
• Strong analytical and investigative skills, with the ability to assess complex information, identify themes, support conclusions, recommend enhancements and execute deliverables with limited supervision.
• Ability to work independently, influence stakeholders, provide constructive challenge and interact professionally with Compliance leadership, senior management and control partners.
• Sound judgment in identifying compliance risks, control gaps, documentation weaknesses and matters requiring escalation through established channels.
• Excellent teamwork, interpersonal and conflict resolution skills.
• Highly organized and capable of managing multiple priorities and projects simultaneously.
• Proficiency with standard computer applications including Word, Excel, and PowerPoint.
• Proficiency with reporting tools, data management processes, workflow tools, regulatory library/control systems or issue tracking systems preferred.
• BA or international equivalent required. JD/Masters preferred but not required.

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you? 

 
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 

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