Director, Operational Risk, GBM

Requisition ID: 271254 

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 GBM operations of The Bank of Nova Scotia have appropriate governance in place to effectively challenge operational management and governance activities that align with the Enterprise Framework and meets local supervisory expectations.

• Implementing GBM operational risk management framework;
• Effectively challenging the businesses, finance, operational, data risk management, divisional coverage and providing senior management with an independent assessment of businesses’ operational, divisional risk profile, and
• Identifying new and emerging operational risk themes based on internal and external data.

The Director is  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 1LOD owners with developing appropriate corrective action plans. The incumbent will also partner with Business Risk Management to further assist with developing appropriate corrective actions.The Director will also be expected to lead the evolution of the operational risk 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 Scotiabank’s 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), 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, but not limited, to the following:
  • Effective challenge of businesses’ operational oversight activities including, but not limited to, completed internal operational risk reports, RCSAs, and scenario analyses

• Partner with the broader U.S. Enterprise Risk team and the Global Operational Risk Team to ensure that U.S. Operational Risk is aligned with global standards and harmonized with other risk disciplines in the U.S.
• Lead efforts (e.g., training, communications) to enhance the profile of operational risk and reinforce the company’s broader risk culture.
• Provide support for the timely and accurate escalation of review findings and facilitate analysis for remediation.

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 U.S. 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.