Associate Director, First Line Supervision CIB, Global Banking And Markets - Toronto

Scotiabank; Canada; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking financial institution as an Associate Director in First Line Testing. This dynamic role focuses on managing non-financial risks in Corporate & Investment Banking, ensuring compliance and operational excellence. You will lead a team, coordinate with various business lines, and develop key risk indicators to safeguard our clients and stakeholders. With a hybrid work arrangement, you will enjoy flexibility while contributing to a culture that values diversity and inclusion. This is an exciting opportunity to make a significant impact in a global banking environment.

Benefits

Flexible benefit programs

Holistic well-being support

Professional development opportunities

Inclusive work environment

Qualifications

• Bachelor's degree in finance or relevant field required.
• CFA or MBA completion is an asset.
• In-depth knowledge of operational conditions in Corporate and Investment Banking.

Responsibilities

• Lead oversight and supervision of GBM staff regarding non-financial risks.
• Coordinate with business partners to report non-financial risk information.
• Assist in planning and executing Risk and Control Self Assessments.

Skills

Non-financial risk management

Operational risk analysis

Communication skills

Bilingual (French/Spanish)

Knowledge of internal controls

Education

Bachelor's degree in finance

CFA or MBA

Tools

Open Pages

Job description

Requisition ID: #

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

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:
The Associate Director, First Line Testing CIB will assist GBM Management with the management of non-financial risks in GBM Canada, specifically non-financial risks in Corporate & Investment Banking. The role will assist the Director in the planning and execution of controls to mitigate non-financial risks in GBM.

What You'll Do:

-Lead the oversight and supervision of GBM staff, including escalating key issues and emerging risks to GBM Internal Control Management as well GBM Management
-Coordinate with business line partners (Compliance, GWO, Technology, Global Risk Management etc.) to develop, maintain and report management information on-financial risk information for Senior Management and Core Risk Committee
-Take lead with the planning and execution of Risk and Control Self Assessments (RCSAs) and Compliance Risk and Control Assessments (CRCA)
-Assist with the development, maintenance and periodic review of key risk indicators, key performance indicators and metrics to allow for effective management of non-financial risks in CIB and other GBM Canada business lines
-Perform periodic testing and monitoring of key processes to ensure the design and operating effectiveness of the controls
-Assist GBM Management with ad-hoc requests and special projects
-Lead with the tracking and remediation of Internal Audit findings, Compliance Testing findings, GBM First Line Testing findings and Regulatory findings
-Maintain regular communication with GBM stakeholders to determine changes to processes and controls
-Identify and own the root cause analysis of operational risk events and recommend appropriate action plans
-Assist Management in the provision of Request for Information related to Internal Audit, Compliance Testing and Regulatory reviews and examination
-Manage the process of updating and documenting key controls in Open Pages for regulatory obligations library
-Designing, maintaining, implementation and monitoring of Written Supervisory Procedures (WSPs) for Front Office employees
-Support GBM Internal Control – Canada in the development of internal standards, guidelines, and procedures to manage non-financial risks
-Act as the escalation point for operational risk events including client complaints
-Ensure the GBM Operational Risk Management Framework is upheld and that the associated processes, including generating and reporting key metrics for discussion at Senior Management Operational Risk Committee meetings, reflect the key principles of the Framework
-Support the GBMIC – Canada team in preparing for regulatory reviews and requests. This will include working with GBM Management, Compliance, Legal, Finance, Technology and GRM in determining the adequacy of information to be provided. Review materials to ensure accuracy, integrity and completeness;
-Lead the development and execution of GBM policies and standards for Investment Banking, ECM, DCM and Corporate Banking
-Support the VP to execute the group’s mandate in assisting and supporting Corporate & Investment Banking, Equity Capital Markets (ECM) and Debt Capital Markets (DCM) in the effective management of operational risks inherent in the businesses, including regulatory obligations and risks
-Lead recruitment efforts, oversee talent acquisition, and provide comprehensive training and coaching to foster professional development within the team


What You'll Bring:

-Bachelor’s degree in finance or relevant education background
-Completion of the CFA or MBA would be an asset
-Good working knowledge of capital market business
-Good knowledge of internal controls
-The incumbent is expected to maintain an in-depth knowledge of operational conditions in Corporate and Investment Banking 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
-Bilingual in French/Spanish would be an asset

Work Arrangement:
This position is currently a hybrid role, with the expectation that you will work at least 3 days a week in the office. Please note that this is subject to change based on the needs of the business.

Interested?

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you - 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.

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 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.