Manager, Operational Risk Program

Scotiabank; Toronto; On-site; CAD 120,000 - 135,000; Full time

Job summary

An established industry player is seeking a Manager for the Operational Risk Program. This role is pivotal in ensuring the bank's operational risk management aligns with regulatory standards and internal policies. You'll champion a customer-focused culture while executing critical reporting activities and supporting governance across various risk committees. This dynamic position offers a chance to work collaboratively within a high-performing team, where your contributions will directly impact the bank's success. If you're passionate about operational risk and thrive in an inclusive environment, this opportunity is tailor-made for you.

Qualifications

• 3-5 years in financial services with a focus on operational risk.
• Knowledge of the Bank's business lines and structure is essential.

Responsibilities

• Champion a customer-focused culture and support operational risk reporting.
• Execute regulatory reporting activities and support risk committees.

Skills

Operational Risk Management

Regulatory Reporting

Financial Analysis

Interpersonal Skills

Organizational Skills

Spanish Language

Education

Business Management Degree

Accounting Certification (CA, CMA)

Tools

Database Systems

Job description

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Requisition ID: 223095

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

Purpose

Contributes to the overall success of Operational Risk globally ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are following governing regulations, internal policies, and procedures.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Supports the Bank's Operational Risk Event (ORE) reporting program. The function is evolving as the Bank seeks to continually improve its operational risk management capabilities.
• Understands the expectations of the regulatory reporting activities within the unit and their alignment with Scotiabank’s Global Risk Management Regulatory Reporting Target Operating Model, associated Policies, Procedures, and Standards.
• Executes regulatory reporting activities in accordance with the Bank’s Regulatory Reporting Target Operating Model Policies, internal processes, and controls.
• Supports governance of risk committees.
• Actively pursues effective and efficient operations of their 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.
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Participation in external forums for the ongoing development of operational risk management and data management and analysis practices.
• Support the Senior Manager in liaising with business users and with the GOR Data Analytics & Technology as required, to assess and develop proposed enhancements or amendments to the Operational Risk Management System to enhance collection of operational risk event data.
• Champions a high-performance environment and contributes to an inclusive work environment.
  
  

Operational Risk Event (ORE) Reporting

• Support the Senior Manager, Operational Risk Program compile accurate and timely reporting of ORE data to the Board and Senior Management, both on an ad-hoc basis and on a quarterly basis via Operational Risk Committee, Risk Management Committee and Enterprise Risk Management reporting.
• Conduct validation checks (e.g. RDARR vertical validation) to ensure Critical Risk Reports are aligned with source data.
• Coordinate the quarterly reporting process with first and second-line stakeholders, including the briefing binder, collection and review by all contributors and relevant stakeholders.
• Designated back-up for the Senior Manager, Operational Risk Program with regards to all internal and external ORE reporting.
  
  

Committee Governance

• Support the effective governance of the Operational Risk Committee by:
• Maintaining and disseminating agendas and relevant materials in advance of each meeting.
• Recording and disseminating minutes.
• Maintaining committee records.
• Maintaining an inventory of action plans.
• Liaise with Enterprise Risk Management to ensure effective governance of non-financial risk by ensuring key topics (e.g. non-financial risk updates) are provided to relevant risk management committees on a scheduled basis.
• Support compilation of operational risk materials for all other committees / working groups/ governance forums as required, including the Risk Management Committee.
  

Dimensions

• Global - Multiple Business Lines (e.g., Consumer and Small Business, Corporate and Commercial, International Wealth Management, and GBM units in Latin America).
• Multi-facet engagement relationships with multiple stakeholders in Toronto and countries/regions, such as: Fraud Management, Internal Control teams, etc.
  
  

Education / Experience / Other Information (include only those that are specific to the role)

• Education in business management with an emphasis in Finance or Accounting combined with 3-5 years progressive experience in financial services.
• Knowledge of the Bank’s business lines and structure.
• Systems knowledge, including knowledge of database systems and structures, is desirable.
• An accounting-related certification (e.g. CA, CMA) and audit experience is desirable, although not mandatory.
• Demonstrated ability to complete and analyze quantitative and qualitative research.
• Spanish language ability is an asset.
• Possess excellent organizational skills and be able to prioritize and plan work to meet tight (and at times conflicting) deadlines.
• Possess excellent interpersonal skills to deal with industry experts and professionals across the Bank
  
  

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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