Manager, Risk Initiatives, Monitoring & Testing

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

Job summary

A leading bank in the Americas is seeking a Manager for Risk Initiatives Monitoring & Testing in Toronto. The role involves supporting monitoring and testing activities related to operational and regulatory risks within Global Wealth Management. Ideal candidates have over 5 years of financial services experience, a strong understanding of GWM processes, and preferably are bilingual in English and French. This position offers a chance to work in a dynamic, inclusive environment.

Qualifications

• 5+ years of experience in financial services, preferably in wealth management.
• Strong understanding of GWM business units, products, services, and operations.
• Proven track record managing multiple priorities.

Responsibilities

• Develop understanding of operational processes and regulatory obligations.
• Support annual monitoring and testing plan execution.
• Analyze data to identify potential gaps and trends.
• Communicate testing results to internal stakeholders.

Skills

Financial services experience

Bilingual (English and French)

Power BI experience

Strong communication skills

Knowledge of regulatory programs

Education

University degree in Finance, Commerce or Business Administration

Tools

Power BI

Job description

Requisition ID: 230086

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

Overview

As a Manager, Risk Initiatives Monitoring & Testing you will support the execution of monitoring and testing activities related to operational, regulatory, and compliance risks within Global Wealth Management (GWM). You will support the first line testing and monitoring activities across several business and functional units within GWM including risk assessments and identify areas of opportunity to strengthen the control environment and activities. The incumbent will primarily support the Electronic Communications program within GWM and contribute to data analysis activities supporting the GWM Business Line.

Responsibilities

• Develop expert understanding of Global Wealth business units including operational processes, regulatory obligations, and risk governance
• Support the development and execution of the annual monitoring and testing plan in accordance with methodologies, enterprise requirements and standards
• Support the Electronic Communications monitoring program within Global Wealth Management, including execution, reporting, and working with technology partners to ensure the Global Relay application is operating effectively
• Analyze data, alerts and results of monitoring, assessments, and inventories to identify potential gaps, patterns and trends
• Support ad-hoc, special and/or focused reviews as necessary, as well as other duties and projects as assigned
• Be responsible for pre-work to facilitate minimal business disruption to the business (e.g., reviewing available documentation to support the creation of test scripts)
• Communicate testing results with internal stakeholders on the effectiveness of controls identified through those programs and share “best in class” controls identified through testing and monitoring activities that could be leveraged by other business and functional areas
• Maintain comprehensive reporting on findings, with actionable recommendations and insightful analysis and commentary
• Ensure open issues, resulting from monitoring and testing plans are tracked to completion
• Develop and foster relationships with stakeholders/control functions and business partners for the purposes of creating an integration risk framework and enhancing business line effectiveness

Qualifications

• A University degree, preferably in Finance, Commerce or Business Administration
• 5+ years of experience in financial services preferably in wealth management
• Bilingual (English and French) is an asset
• Power BI experience is preferred
• Strong understanding of the GWM business units, products, services, operations, systems, and practices
• Knowledge of quality assurance and control testing processes
• Strong verbal and writing communication skills
• Strong knowledge of Scotiabank’s regulatory programs, regulations, and internal frameworks and policies impacting banking operations
• The ability to develop strong working relationships with numerous cross functional support areas and business line executives
• A proven track record to successfully manage multiple and competing priorities

Location

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 contact us. 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.