Manager, Business Risk Management - Toronto

Scotiabank; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Manager for Business Risk Management. The successful candidate will strengthen operational risk practices across Global Wealth Management, providing expert guidance to business units on risk management and compliance. With a focus on building relationships and utilizing data analytics tools, the role requires a university degree in Finance and over 3 years of relevant experience. A competitive compensation package is offered, reflecting the seniority of the position.

Qualifications

• 3+ years of experience in risk-related functions or relevant experience in Wealth Management.
• Strong understanding of Wealth Management businesses and regulatory environment.
• Professional designations (CFP, CFA) or advanced degrees (MBA) are an asset.

Responsibilities

• Develop expert understanding of Global Wealth Management business units.
• Provide guidance on operational risk events and process improvements.
• Track and monitor Management Self-Identified Issues.

Skills

Communication skills

Problem-solving skills

Stakeholder management

Education

University degree in Finance, Commerce, or Business Administration

Tools

Tableau

Power BI

Microsoft Office

Job description

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Title: Manager, Business Risk Management - Toronto

Requisition ID: 244643

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

Manager, Business Risk Management

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.

What You’ll Do:

• 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.

What You’ll Bring:

• 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).

Location(s): Canada : Ontario : Toronto

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.