Manager, Non-Financial Risk

Scotiabank; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

A leading bank in the Americas is seeking a Manager for the Global Regulatory Operations & Internal Controls team. This role involves ensuring compliance with regulations, supporting risk management practices, and fostering a high-performance environment. Candidates should possess strong problem-solving skills, relevant experience, and an understanding of the bank's risk culture. The position offers a competitive compensation package and a hybrid working environment.

Benefits

Competitive compensation and benefits package

Hybrid working environment

Inclusive workplace culture

Qualifications

• 5 years relevant work experience in compliance, operational risk management, or related areas.
• Strong written and verbal communication skills.

Responsibilities

• Support Non-Financial Risk Programs and projects related to Regulatory Compliance.
• Conduct operational and compliance risk assessments.
• Analyze data to identify potential gaps and prepare comprehensive reporting.

Skills

Problem Solving

Critical Thinking

Negotiating

Time Management

Bilingual (English/Spanish)

Education

Undergraduate Degree or higher

Tools

Excel

PowerPoint

Word

Visio

Power BI

Job description

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Requisition ID: 224766


We are committed to investing in our employees and helping you continue your career at Scotiabank.

Contributes to the overall success of the Global Regulatory Operations & Internal Controls – Non-Financial Risk team ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures. The Manager is responsible for supporting Non-Financial Risk team, reporting to the Senior Manager, Non-Financial Risk in providing advisory support and collaborative challenge to Global Operations business units for operational and regulatory compliance risk management practices, to ensure compliance with relevant regulatory and operational risk policies, standards and proactive management of top and emerging risks as identified.

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

• Champion a high-performance environment and contributes to an inclusive work environment.
• Leverage strong business knowledge, act as a trusted advisor, to provide value-added advice and independent effective challenge.
• Support the execution and oversight of Non-Financial Risk Programs and projects related to Regulatory Compliance, Operational, and Third-Party Risk Management to Global Operations units, sustaining an expert understanding, but not limited to:
  • Operational risk management programs: Operational Risk Events (ORE), Risk and Control Self-Assessment (RCSA), Scenario Analysis, Key Risk Indicators KRI and New Initiative Risk Assessment NIRA.
  • Regulatory Compliance Management Programs: Regulatory changes and library management, Compliance Risk and Control Assessments, Compliance Monitoring and Oversight, Compliance testing reviews, Business Unit Hierarchy reviews), Regulatory Projects, and Risk Culture.
  • Third Party Risk Management (TPRM) and Contract Management (ICERTIS).
• Responsible for driving operational efficiencies, tracking, analysis, monitoring, benchmark, annual planning and delivery activities, establishing best practices for the different NFR programs and projects.
• Liaison with Global Operations unit partners to conduct operational and compliance risk assessments to ensure the adequacy of controls, processes, and protocols to mitigate regulatory, operational risks, and risks of financial loss (i.e. fines, penalties or sanctions) and reputational damage to Global Operations and the Bank while also identifying areas of opportunity to strengthen the control environment and control activities and remain current on new developments and emerging risks.
• Provide guidance and support training delivery needs for NFR programs sustainment. Proactively identifying opportunities to drive activities, documentation, procedures, communications that enable implementation of Non -Financial Risk programs, projects, or policies across Global Operations or Business Lines.
• Analyze data, alerts and results of NFR programs to identify potential gaps, patterns, and trends to prepare clear and comprehensive reporting with actionable recommendations and insightful analysis and commentary. Continuously improve the reporting that support NFR programs and projects.
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Lead/support projects, identifying management and compliance needs, communicating findings, implementation of action plans or corrective actions.
• Develop and foster strong strategic relationships with the Global Operations business units and applicable support and control functions to remain current on new developments and emerging risks for the purpose of enhancing business line effectiveness.
• Champions a client’s focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Maintain current knowledge of applicable regulatory requirements and industry developments.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions, to support the development of strategies and follow up of action plans to strengthen it.

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:
• Proactive and strong problem solving, critical thinking, negotiating, and time management skills.
• Strong written and verbal skills (Ability to communicate clearly and concisely to various levels of internal and external parties).
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Bilingual in English/Spanish is an asset.
• Working knowledge of bank's regulations, policies, procedures, operations, and functions.
• Must maintain a current awareness of regulatory requirements and industry best practices in operational and regulatory risks.
• Expert knowledge of Excel, PowerPoint, Word, and Visio. Power BI is an asset.
• Undergraduate Degree or higher with 5 years relevant work experience in compliance, operational risk management, third party risk management, internal audit or other relevant areas.

What’s in it for you?
• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience
• A competitive compensation and benefits package
• Get a great overview of how the Bank operates by joining the Global Operations team in a role that has widespread impact across all major business lines and functions.
• Potential to further evolve the function and take on more responsibility based on emerging risks.
• Hybrid working environment allowing for work/life balance

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.

Note: All postings in me@Scotiabank will remain live for a minimum of 5 days.