Senior Manager, Business Risk Management - Toronto

Scotiabank; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading bank in the Americas is seeking a Senior Manager, Business Risk Management in Toronto. This role involves leading risk assessments, managing IT and operational risks, and enhancing risk management strategies. The ideal candidate will have over 8 years of experience in the Wealth and IT industry, effective communication skills, and relevant certifications. The position promotes an inclusive culture, emphasizing stakeholder collaboration and teamwork. Competitive compensation and comprehensive benefits are offered.

Benefits

Inclusive and accessible environment

Comprehensive benefits

Qualifications

• Minimum of 8 years of relevant Wealth and IT industry experience.
• Working experience in IT, Compliance, Audit, Operational Risk, Third Party Risk.
• Effective written and verbal communication skills.

Responsibilities

• Lead first-line risk assessments across Global Wealth Management.
• Conduct risk assessments to ensure adequacy of controls.
• Prepare comprehensive reporting with actionable recommendations.

Skills

IT Risk

Compliance

Audit

Problem solving

Negotiating skills

Influencing skills

Education

University degree in Engineering, Computer Science, Business Commerce, Accounting or Finance

CISA, CPA, CA, CFA, CIM, and/or FRM designation

Tools

Wealth Technology Systems

Job description

Title: Senior Manager, Business Risk Management - Toronto

Requisition ID: 245022

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

As the Senior Manager, Business Risk Management, you will be responsible for leading first‑line risk assessments across Global Wealth Management (GWM) Businesses and Technology teams, including end‑to‑end execution of the TPRM Program, monitoring GWM & Technology initiatives, operational, regulatory, and compliance risks within GWM business line.

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

• Identify, benchmark, and establish best practices, operational efficiencies, and effectiveness in the risk management program of GWM business units and Technology teams in the context of Third‑Party Risk Management (TPRM) and business services in alignment with industry and regulatory requirements
• Conduct risk assessments to ensure the adequacy of controls, processes, and protocols to mitigate IT, regulatory and operational risks and risks of financial loss, regulatory fines, penalties or sanctions, litigation and reputational damage to wealth units and identify areas of opportunity to strengthen the control environment and control activities
• Sustain an expert understanding of GWM business units (brokerage, asset management, trust, private banking, mutual fund dealers, Insurance, and International Wealth Management), including IT, operational processes, regulatory obligations, and risk governance
• Develop and lead on‑going and new monitoring and testing programs, including the GWM precious metals program to ensure processes are expertly and effectively performed.
• Design control and operational policies, procedures, and frameworks to manage risks of new wealth management & Technology initiatives, including new products and service offerings, technology platforms, investment tools, digital offerings, and applications
• Analyze data, alerts and results of monitoring, assessments, and inventories to identify potential gaps, patterns and trends
• Own and enhance the tracking and monitoring of Management Self‑Identified Issues
• Develop and foster relationships with stakeholders/control functions and Technology partners for the purposes of creating an integration risk framework and enhancing GWM Technology effectiveness
• Champion a client‑focused culture and leverage broader Bank relationships, systems, and knowledge
• Ensure individual and team goal plans are aligned with the overall strategies and objectives of GWM Business Risk Management, including Insurance, IWM, and the Bank
• Prepare clear and comprehensive reporting with actionable recommendations and insightful analysis
• Initiate, manage, and deliver projects by working independently or within cross‑functional teams and/or Wealth Management businesses with the implementation of monitoring initiatives and/or controls
• Prepare executive and board report materials including analysis and concise written summaries
• Lead / support projects arising from business and technology risk initiatives, identifying management and technology needs, communicate findings, and implement corrective actions
• Build a high‑performance environment and implement a people strategy that attracts, retains, develops, and motivates your team by fostering an inclusive work environment and using a coaching mindset and behaviors
• Lead and drive a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Championing a high‑performance environment and contributes to an inclusive and diverse work environment
• Understand how the Bank’s risk appetite and risk culture should be considered in day‑to‑day activities and decisions
• Creates an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day‑to‑day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk

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 Engineering, Computer Science, Business Commerce, Accounting or Finance
• A minimum of 8 years of relevant Wealth and IT industry experience, including working knowledge of Wealth Technology Systems and Applications
• CISA, CPA, CA, CFA, CIM, and/or FRM designation preferred
• Working experience and knowledge of IT Risk and IT Internal Controls
• Prior work experience in IT, Compliance, Audit, Operational Risk, Third Party Risk and with GWM business units (brokerages, asset managers, mutual fund dealers, trust, private banking, insurance and IWM)
• Working knowledge of regulatory bodies including OSFI, OSC, and CIRO
• Knowledge of the roles and responsibilities of Global Wealth business/technology units and support functions crossing all delivery channels, including International Wealth Management
• Effective written and verbal communication skills to prepare reports, deliver presentations and effectively interact with GWM business units and other departments
• Excellent problem solving, negotiating skills and well‑developed influencing skills

#LI-Onsite

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.