Manager, AI Risk

Scotiabank Global Site; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial institution is looking for a Manager of AI Risk Oversight in Toronto, ON. This role involves driving AI risk activities and collaboration with risk partners to enhance the AI Risk Program. Ideal candidates should hold a degree in a quantitative field and have a minimum of 3 years' experience in risk management with a focus on AI/ML. Benefits include a competitive rewards package and opportunities for career development.

Benefits

Performance bonus

Employee Share Ownership Program

Health benefits from day one

Qualifications

• 3 years of experience in risk management or related areas with a focus on AI/ML.
• Knowledge of AI risks such as fairness, explainability, and security.
• Experience in a testing, validation, or audit role at a financial institution is a plus.

Responsibilities

• Support the implementation of the AI Risk Management Program Plan.
• Assist in audit and regulatory updates and prepare closure documentation.
• Contribute to the AI Risk Training and Awareness Program plan.

Skills

Analytical skills

Communication skills

Risk management

Data science

Problem-solving

Education

Undergraduate or graduate degree in a quantitative field

Job description

Requisition ID : 227223

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

The Manager AI Risk Oversight will be part of the Data and AI Risk team in Global Risk Management reporting to the Director Data & AI Risk. The Manager is responsible for driving and supporting AI risk related activities and collaborating with risk partners and analytics teams to help deliver the AI Risk Program objectives. The Manager will work with the Senior Manager(s) and Director to ensure that the Banks exposure to AI risk is effectively identified measured monitored and remediated.

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

• Support AI Risk Management Program Plan implementation including ongoing tracking and monitoring and assisting with obtaining updates from stakeholders in support of Program Plan deliverables.
• Assist with the coordination of audit and regulatory updates including ongoing issue tracking preparing issue closure documentation and coordinating material for information requests.
• Assist in preparation of periodical and ad-hoc reporting to Senior Management Management Committees and the Board.
• Assist with data risk management activities and participate in data risk management oversight where required.
• Identify and implement process improvements including support in execution of Proof of Concept GRM AI Risk use cases to drive effectiveness and productivity gains.
• Apply knowledge of analytic solutions and ML / AI to develop processes and practices that ensure risks are properly identified understood assessed reported and monitored.
• Contribute to the implementation of the AI Risk Training and Awareness Program plan.
• Develop strong partnership and work in close alignment with other risk functions and business partners to provide professional advice and guidelines for AI risk mitigation.
• Manage AI Risk governance documentation and tools (e.g. procedures EUCs reporting).
• May be requested to contribute to second line assessments including participating in planning execution and / or reporting on issues identified.
• Foster an inclusive and collaborative team environment and prioritize teams goals.
• Champion a high-performance environment and contribute to an inclusive work environment.

Do you have the skills that will enable you to succeed in this role - Wed love to work with you if you have :

Has an undergraduate and / or graduate degree preferably in a quantitative field Computer Science Business or a related discipline.

3 years of experience in risk management compliance data science technology risk audit or related areas with a focus on AI / ML.

Knowledge of AI / ML concepts models and the end-to-end model development lifecycle.

Knowledge of AI risks (e.g. fairness explainability privacy security) and emerging AI regulations (e.g. EU AI Act) and frameworks (e.g. NIST AI RMF).

Experience in a testing validation or an audit role at a financial institution would be considered an asset.

Very good analytical skills conceptual thinking systematic problem solving and able to deal with ambiguity in a fast-paced environment.

Strong communication and relationship skills with a proven track record of engaging and presenting to technical and non-technical stakeholders.

Whats 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.

Required Experience :

Manager

Key Skills

Arm,Risk Management,Financial Services,Cybersecurity,COSO,PCI,Root cause Analysis,COBIT,NIST Standards,SOX,Information Security,RMF

Employment Type : Full Time

Experience : years

Vacancy : 1