Manager, Business Risk Management

Scotiabank; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

Scotiabank is seeking a Manager, Business Risk Management to strengthen operational risk practices across Global Wealth Management (GWM). You will champion the NIRA program, manage self-identified issues, and support risk governance to ensure regulatory compliance and internal standards.

You will guide Wealth Management units on risk events, process improvements, and outsourcing risk, while leveraging Tableau and Power BI to enhance reporting and oversight.

Qualifications

• University degree in Finance, Commerce, or Business Administration.

Responsibilities

• Develop expert understanding of Global Wealth Management business units and risk governance.
• Provide guidance on operational risk events, process improvements, and outsourcing risk management.
• Own and enhance the tracking of Management Self-Identified Issues.
• Assist in the New Initiative Risk Assessment (NIRA) program with screeners and committee packs.
• Support execution of Risk and Control Self-Assessment (RCSA) and Scenario Analysis.
• Build relationships with business partners and control functions to integrate risk frameworks.
• Support governance for FATCA/CRS/QI Tax Programs operating procedures.
• Utilize data analytics tools (Tableau, Power BI) to identify trends and improve reporting.
• Champion a customer-focused culture aligned with GWM and Bank-wide strategies.
• Support additional risk programs like ORE and Third-Party Risk Management.

Skills

Risk management

Stakeholder management

Communication

Problem solving

Time management

Education

Finance degree

Commerce degree

Business Administration degree

MBA

CFP or CFA (asset)

Tools

Power BI

Tableau

Excel

Word

PowerPoint

Visio

Job description

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Title: Manager, Business Risk Management

Requisition ID: 276388
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

As part of the Wealth Business Risk Management team, you will play a critical role in strengthening operational risk practices across Global Wealth Management (GWM). This includes championing the NIRA program, managing self-identified issues, and supporting risk governance to ensure compliance with regulatory obligations and internal standards.

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

• Develop expert understanding of Global Wealth Management business units (brokerages, asset management, estates and trust, private banking, mutual fund dealers, and International Wealth Management), including operational risk management processes, regulatory obligations and risk governance.
• Provide guidance to Wealth Management business units on operational risk events, process improvements, and outsourcing risk management by proactively identifying, assessing, mitigating, and monitoring risks while delivering key oversight and program assurance.
• Own and enhance the tracking and monitoring of Management Self-Identified Issues.
• Assist in the New Initiative Risk Assessment (NIRA) program for GWM business units by providing expert advice on screeners, coordinating assessments with control functions, and preparing packages for committee review and approval.
• Support with execution of Risk and Control Self-Assessment (RCSA) and Scenario Analysis.
• Build and maintain strong relationships with business partners and control functions to integrate risk frameworks and improve business line effectiveness.
• Support governance and oversight for FATCA/CRS/QI Tax Programs operating procedures.
• Utilize data analytics tools (Tableau, Power BI) to identify trends, assess risks, and enhance reporting capabilities.
• Champion a customer-focused culture and align team goals with GWM and Bank-wide strategies.
• Support additional risk management activities such as Operational Risk Events (ORE), Third-Party Risk Management (TPRM), and other emerging risk programs as required.

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

• University degree in Finance, Commerce, or Business Administration.
• 3+ years of experience in risk-related functions (Internal Controls, Operational Risk, Compliance, or Internal Audit) or relevant experience in Wealth Management with demonstrated ability to learn and apply risk management practices.
• Strong understanding of Wealth Management businesses, products, and regulatory environment.
• Excellent communication and stakeholder management skills.
• A curious, self-starter mindset with strong problem-solving skills.
• Ability to manage multiple priorities and influence decision-making.
• Advanced proficiency in Microsoft Office (Excel, Word, PowerPoint, Visio).
• Professional designations (CFP, CFA) or advanced degrees (MBA) are an asset.
• Experience with data analytics tools (Power BI).

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is 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. 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.