Senior Manager, Finance Operational Risk Assurance

Requisition ID: 270585

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

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 Finance Department in United States of America ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives.  Ensures all activities conducted comply with governing regulations, internal policies and procedures.

The role has responsibility for implementing and maintaining the quality assurance program for U.S. Finance, for establishing internal control standards, manage various types of engagements and for implementing change management.

In addition, this role is also responsible for the development and maintenance of policies and procedures to improve internal controls. The role owns and helps direct the issue management process. The incumbent will be responsible for reviewing outstanding control and reporting issues, performing analysis to identify themes, determining the root cause of the operational weakness, and preparing dashboards and reports to communicate the current state of internal controls and the operational performance of U.S. Finance.  The role will champion the use of AI and embed AI usage in processes to enhance efficiency.

This role will have interactions with a broad range of professionals at various levels in U.S. Finance and with other key stakeholders such as operations, product control, audit, business lines and will be expected to influence and educate them on strong internal controls and enhancing existing processes based on review results.

What You’ll Do 

• Responsible for design and execution of strategies and testing plans to verify the adequacy of controls over regulatory reporting; validation to source documents (transaction testing); and ensuring compliance with FRB regulatory reporting instructions for Foreign Banking Organizations.
• Responsible for design and execution testing plans to verify the adequacy of internal controls over financial reporting.
• Responsible for reviewing outstanding issues relating to source validation, reporting and controls, performing analysis to identify themes, determining the root cause of the weakness and preparing reports to communicate the test findings.  Resolve issues / negotiate solutions within Finance and other stakeholders.
• Develops, maintains, and facilitates updates of Policy and Procedure documentation. Plans and coordinates training program for U.S. Finance - FORA.
• Reviews reporting on quality assurance and on operational metrics (key performance indicators) for U.S. Finance.
• Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champions a high-performance environment and contributes to an inclusive work environment.
• Liaisons with Auditors and Regulators, as required and assist in the regulatory examination of U.S. Finance by the Regulators.
• Works as U.S. Finance Committee Secretary.
• Provides administrative support for Teammate+ tool for FORA team, collects user feedback and when needed, works with Teammate Support to resolve issues arising from daily use.
• Manages and facilitates U.S. Finance regulatory exams requests/deliverables to Regulatory Relations by using FEAT tool.
• Leads or assists in special projects, as required by management.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively 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 ICOFR certification, operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.

What You’ll Bring 

Education / Experience

• Bachelor’s degree in accounting or finance with good knowledge of technology.
• CPA designation or other relevant professional designations.
• Strong knowledge in regulatory reporting (FFIEC 02, FR Y-15). 
• Verifiable progressive experience managing and/or problem solving related to internal controls, implementation of improvements. Minimum of 10 years’ experience required designing and implementing complex systems of financial/regulatory reporting/ other controls. 
• Collaborate effectively with multiple stakeholders across multiple functional areas of the Bank (Front office, Middle Office, Back Office, Credit Risk, Product Controls) to promote a robust control framework environment.
• Experience managing multiple projects with tight deadlines. Experiencing influencing stakeholders.
• The role requires knowledge of financial and regulatory reporting including an awareness of emerging regulatory requirements impacting changes to available data. Specific knowledge of Federal Reserve regulatory reporting for foreign banking organizations or related organizations.
• Solid understanding of overall banking business and products.

Skills

• This position is highly complex, requiring a results-oriented individual who has a high degree of understanding of banking businesses, audit disciplines, knowledge of financial and regulatory reporting, balanced by an intrinsic understanding of the business lines. Must be able to engender trust and confidence across the company based upon ability to evaluate the system of internal controls and support the integrity of financial and regulatory reporting on target, on time, and on budget.
• Strong analytical and problem-solving skills in the context of a finance department of a banking organization with a product mix of securities, loans and derivatives.
• Excellent people and communication skills are required in order to influence department and external stakeholders and to deliver results under tight deadlines and multiple priorities.
• Strong written and verbal communications skills are essential to effectively drive change across culturally diverse workforce. Excellent English written and verbal communication skills are also necessary.

Functional competencies

• Strong understanding of internal controls and COSO framework
• Strong Microsoft office skills and abilities and demonstrated usage of AI tools.
• Strong understanding of FRB regulatory reporting and compliance policies and procedures
• Must have extremely strong interpersonal skills.
• Effective listener and communicator, verbally and in writing
• Sound organizational abilities with the capacity to be innovative and think creatively.
• Strong analytical skills with the ability to react quickly, under adverse operating conditions.

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. 

#GBM 

Location(s):  United States : Texas : Dallas

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.

Scotiabank is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by federal, state, or local law.