Director, ESG Risk Program

Scotiabank; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

Scotiabank is seeking a Director for their ESG Risk Program within Global Risk Management. This role involves developing and implementing ESG risk methodologies, adhering to regulatory frameworks, and enhancing internal reporting, focusing on creating a high-performance, inclusive environment for all team members.

Benefits

Performance bonus

Employee Share Ownership Program

Pension Plan Matching

Health Benefits from day one

Career development and progression opportunities

Qualifications

• 8-10 years in a similar risk or audit role, ideally within a financial institution or consulting.
• Expertise in developing risk management frameworks.
• Knowledge of ESG regulatory expectations.

Responsibilities

• Develop and maintain the Bank’s ESG risk management program.
• Own the target operating model for the management of ESG Risks.
• Collaborate with stakeholders across the 3 Lines of Defense.

Skills

Communication

Relationship Management

ESG Knowledge

Climate Change Risk Methodologies

Education

Undergraduate or graduate degree in business, finance, economics or sustainability/climate related field

Job description

Requisition ID: 229432

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

The Director, ESG Risk Program will be part of the ESG Risk team within Global Risk Management reporting to the head of the ESG Risk management team. They will contribute to the development and overall success of the Bank’s ESG risk management program in alignment with the Bank’s strategies and objectives. This will be achieved by taking responsibility for the enhancements to and development of the ESG risk identification, assessment and measurement methodologies across the bank’s value chain. They will support the implementation of these methodologies across the ban. They will also be responsible for establishing the ESG risk management frameworks and policies, implementation and ongoing maintenance of the climate risk frameworks encompassing risk oversight & challenge, execution, communication, engagement and education.

The Director is expected to be knowledgeable on ESG, including climate change risk methodologies and standards insofar as they are relevant for the financial services industry. They will also be expected to be familiar with regulatory expectations, including disclosure requirements and developing industry standards. The Director will also be expected to collaborate with the stakeholders across the Bank across the 3 Lines of Defense (LoD).

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

• Develop and maintain the Bank’s ESG risk management program in accordance with regulatory requirements. This includes but is not limited to the development of frameworks and methodologies to identify, assess and measure the impacts of ESG risk across the bank’s exposures.
• Own the target operating model for the management of ESG Risks, including articulation of the roles and responsibilities across the 3 LoD.
• Facilitate the articulation of the bank’s ESG risk appetite.
• Engage with other risk functions and design methodologies to integrate impacts of ESG risks into the risk management processes of other risk types.
• Provide subject matter expertise as required to enhance the ESG risk scenario analysis and stress testing capabilities.
• Ensure understanding of and adherence to ESG risk related regulatory requirements in accordance with the bank’s regulatory compliance operating model.
• Draft ESG risk disclosures in the Bank’s external reporting such as the Annual Report, Sustainability Report, Climate Report, Human Rights Statement, Modern Slavery Report, etc.
• Collaborate with internal teams to leverage data and analytics to enhance ESG risk reporting.
• Provide advice and counsel to the Bank’s subsidiaries on the development and implementation of their local climate risk programs in alignment with head office.
• Foster and maintain collaborative relationships with key stakeholders across various corporate functions and business lines.
• Represent the Bank on ESG risk management working groups, panels and workshops, engage with external stakeholders regarding the Bank’s climate risk topics.
• Oversee the development and delivery of ESG risk management training program.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create a high-performance and inclusive work environment and apply a coaching mindset with junior members of the team.

Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have:

• 8-10 years in a similar risk or audit role, ideally within a financial institution or consulting.
• Expertise in developing and implementing risk management frameworks including risk appetite, metrics, risk culture and communication of the same.
• Knowledge of ESG and specifically climate change regulatory expectations including OSFI B-15 disclosure requirements, industry standards (e.g., ISSB), sustainability reporting standards, transition planning, sustainable finance frameworks and taxonomies.
• Experience in climate scenario analysis would be an asset.
• Strong oral and written communication and relationship management skills.
• Undergraduate or graduate degree in business, finance, economics or sustainability/climate related field.
• Comfortable operating in a fast paced and dynamic environment.
• Spanish fluency would be an asset.

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.

#scotiafinancejobs

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.