Director, Operational Risk Program

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

Job summary

An established industry player is seeking a dynamic leader to oversee its Enterprise Operational Risk Event Program. This pivotal role involves ensuring compliance with regulatory standards, developing the operational risk appetite statement, and engaging with senior management and the Board. The successful candidate will foster a customer-focused culture, promote high-performance teams, and drive strategic initiatives. This innovative firm offers a hybrid work environment, competitive compensation, and professional development opportunities, making it an exciting opportunity for those passionate about risk management.

Benefits

Professional Development Opportunities

Internal Training

Competitive Compensation Package

Hybrid Work Environment

Qualifications

• Experience in risk management and reporting to Board and Senior Executives.
• Strong leadership and interpersonal skills are essential.

Responsibilities

• Lead the Bank’s Enterprise Operational Risk Event Program.
• Develop and maintain the operational risk appetite statement.

Skills

Risk Management

Process Improvement

Change Management

Leadership

Fluency in Spanish

Interpersonal Skills

Communication Skills

Attention to Detail

Education

Accounting Designation

Audit Experience

Job description

Requisition ID: #

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

Role Overview: Leads and oversees the Bank’s Enterprise Operational Risk Event Program, ensuring compliance with regulatory requirements such as OSFI’s E-21 and Basel III Standardized Approach, related to operational risk data collection, maintenance, and reporting. Responsible for developing and maintaining the Bank’s Enterprise Operational Risk Appetite Statement and facilitating operational risk reporting for Senior Management and the Board. The role involves evolving functions to enhance operational risk management capabilities.

Key Responsibilities:

1. Leadership & Strategic Influence: Drive a customer-focused culture, support strategic initiatives, and foster an environment aligned with the Bank’s values and risk management standards. Build high-performance teams with an inclusive approach, promoting development and succession planning.
2. Operational Risk Event Reporting Program: Develop, maintain, and oversee the operational risk event reporting system, ensuring regulatory compliance and industry best practices. Provide training and act as a subject matter expert on operational risk event reporting.
3. Risk Appetite & Governance: Lead the development of the operational risk appetite statement, monitor risk performance, and report insights to management and the Board. Support operational risk committee activities and ensure effective governance.
4. Regulatory & Industry Engagement: Maintain awareness of regulatory guidelines, represent the Bank in industry discussions, and contribute to regulatory comments and industry groups.
5. Non-Financial Risk Exceptions: Manage the risk exceptions program, ensuring adherence to standards and collaboration with global teams.

Required Skills & Experience:

• Experience in risk management, process improvement, or change management.
• Experience reporting to Board and Senior Executives.
• Accounting designation or equivalent financial reporting experience.
• Audit experience.
• Leadership experience.
• Fluency in written and spoken Spanish (preferred).
• Strong interpersonal, relationship-building, and communication skills.
• High attention to detail, judgment, and ability to manage complex projects independently.

Benefits & Work Environment:

• Inclusive, collaborative environment valuing curiosity and ownership.
• Professional development opportunities and internal training.
• Hybrid work environment.
• Competitive compensation package including salary, bonuses, benefits, and more.

Location: Toronto, Ontario, Canada

Scotiabank is committed to diversity and inclusion. Accommodations are available upon request during the recruitment process.