Senior Manager, Compliance Risk Assessment Program (Contract)

Scotiabank; Toronto; On-site; CAD 100,000 - 140,000; Full time

Job summary

Scotiabank seeks a Senior Manager for its Compliance Risk Assessment Program in Toronto. The role involves strategizing compliance risk activities, ensuring regulatory adherence, and developing comprehensive risk methodologies. Ideal candidates will have a graduate degree and substantial experience in risk management within a financial environment.

Qualifications

• Minimum 5 years in financial institutions or financial regulators.
• Minimum 3 years in Compliance Risk, Operational Risk or related fields.
• Fluency in Spanish is an asset.

Responsibilities

• Implement and oversee Compliance Risk & Control Assessment activities.
• Develop training materials and maintain effective assessment activities.
• Drive adherence to risk management procedures and identify trends.

Skills

Risk Management

Analytical Skills

Communication

Education

Graduate degree in Business, Finance, Law or relevant Social Science

Tools

Web-based applications

MS Office Suite (Excel, Word, PowerPoint)

Governance, Risk and Compliance systems (e.g., OpenPages, Archer)

Job description

Senior Manager, Compliance Risk Assessment Program (Contract)

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Senior Manager, Compliance Risk Assessment Program (Contract)

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Requisition ID: 227574

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

Purpose

Contributes to the overall success of the Compliance Risk Assessment Program 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 in compliance with governing regulations, internal policies and procedures.

As Senior Manager, you will implement, oversee and contribute to the development of the Compliance Risk & Control Assessment (CRCA) activities. These activities are essential in evaluating the Regulatory Compliance risk profile of the Bank. All activities must be in alignment with the approved risk appetite, leveraging industry best practices and in compliance with all legal and regulatory requirements, all while enabling the Bank’s strategic priorities.

Accountabilities

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Provides support to the Director in the development of and recommends enhancements to comprehensive risk assessment methodologies, shaping the tools for these assessments by integrating industry best practices and regulatory standards. Documents Methodologies, Operating Procedures and Standards (where applicable).
• Responsible for ensuring the effective execution of Risk Assessment activities by developing training materials, fostering strong relationships with internal clients, and providing advice and counsel to relevant stakeholders to maintain program efficacy.
• Oversees assessment outcomes to identify trends, drive adherence to procedures and enable early detection and remediation of risk exposure to prevent instances of non-compliance.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively 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.
• Champions a high-performance environment and contributes to an inclusive work environment.
  
  

Education/Experience

Graduate degree in Business, Finance, Law or relevant Social Science (e.g. Economics). Minimum of 5 years of experience in a large Financial Institution or with financial regulators. In addition, the ideal candidate should have:

• Minimum 3 years of Risk Management experience (Compliance Risk, Operational Risk or relevant fields)
• Sound understanding of the role of Compliance risk assessments in supporting the management of risk
• Knowledge and understanding of legal and regulatory requirements, guidelines and expectations.
• Experience developing and maintaining reports for Executive audiences, with the ability to visualize data
• Expertise in data analytics / data mining and ability to manipulate and make sense of very large data sets
• Proficiency with Web-based applications, and strong skills in MS Office Suite (Excel, Word, PowerPoint), particularly with respect to data analysis
• Experience with Governance, Risk and Compliance systems (e.g., OpenPages, Archer)
• Demonstrated experience in leading a successful technology-based compliance project
• Strong time management, project management, analytical and problem-solving skills
• Excellent written and verbal communication skills and a proven ability to articulate, develop and implement solutions to complex issues
• Ability to learn and adapt to rapidly changing regulatory and business environments
• Fluency in Spanish can be an asset.
  
  

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

  Contract

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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