Senior Manager, Operational Risk Oversight - Control & Support Functions

Scotiabank; Toronto; On-site; CAD 80,000 - 130,000; Full time

Job summary

An established industry player is seeking a Senior Manager for Operational Risk Oversight to ensure effective risk management practices across Control and Support Functions. This role involves advising on operational risk management, conducting thematic analysis, and collaborating with various teams to enhance risk oversight. The ideal candidate will have strong analytical skills, a solid educational background in business or related fields, and a passion for fostering an inclusive work environment. Join a purpose-driven team that values innovation and professional growth, while contributing to the success of clients and communities.

Benefits

Competitive rewards package

Performance bonus

Company matching programs on pension

Paid vacation

Medical, vision, and dental benefits

Internal training for professional development

Qualifications

• 5+ years in business management, internal control, risk management, or compliance.
• Strong knowledge of wholesale capital markets and treasury management.

Responsibilities

• Provide advisory and challenge in operational risk management practices.
• Support enhancements to the operational risk oversight practice.

Skills

Interpersonal Skills

Communication Skills

Analytical Skills

Problem-Solving Skills

Stakeholder Management

Education

University degree in business, mathematics, engineering

Master’s degree in finance, economics or business

Tools

Risk Control Self Assessments

Operational Risk Management Framework

Job description

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Title: Senior Manager, Operational Risk Oversight - Control & Support Functions

Requisition ID: 221430

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

The Senior Manager will contribute to the overall success of the second line operational risk oversight over the Bank’s Control and Support Functions (CSF). The Senior Manager is responsible for providing advisory and healthy challenge in the CSFs’ operational risk management practices, including the effective execution of all Operational Risk Management Framework tools in complying with the relevant operational risk policies and standards as well as ensuring proactive management of the top and emerging risks as identified.

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

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Leverage strong business knowledge, act as a trusted advisor, provide value-added advice and independent effective challenge to the Control and Support Functions in their operational risk management, utilizing key operational risk management tools such as Risk Control Self Assessments, operational risk scenario analysis, New Initiative Risk Assessment, Operational Risk Events escalation and assessment, issues management, and Key Risk Indicators reporting.
• Develop strong partnerships, stay abreast of the business priorities and act as the main point of contact to CSFs’ first line internal control teams, and applicable corporate support functions globally.
• Pro-actively identify opportunities and support enhancements to the operational risk oversight practice; Provide insight to support the enhancement of the Bank's operational risk management framework tools, methodologies and program.
• Uphold risk management thought leadership and rigor by supporting the Control and Support Functions New Initiative Risk Assessments as well as facilitating Control and Support Functions New Initiative Risk Review Committee meetings.
• Conduct thematic analysis and root cause problem solving on issues identified through operational risk events reviews, self-assessments, scenario analysis and other reviews/testing including those performed by Audit, Shareholder Auditors, Compliance and Regulators to determine significant risks and ensure sound risk mitigations.
• Support executive reporting on the business line operational risk profiles and represent Global Operational Risks to various risk committees as applicable, providing sound metrics, value-added advice and insight.
• Collaborate with other non-financial risks specialist areas as well as second line operational risk teams globally to ensure a holistic approach: Stay up to date on all relevant internal, external risk events, and industry developments in order to drive awareness and focus on managing top and emerging risks.
• Support various regulatory requirements as requested by OSFI/Internal Partners.
• Support overall Operational Risk Oversight team mandate and deliveries as required; support team initiative to enhance overall operational risk oversight practice and continue to build up team capabilities; support the overall department and other Bank units as required.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Actively pursue effective and efficient operations, 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.
• Champion a high-performance environment and contribute to an inclusive work environment.

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 business, mathematics, engineering or other related fields is required. Master’s degree in finance, economics or business is preferred.
• Strong knowledge in the business, product and end to end processes of wholesale capital market, lending, global business payment and treasury management business.
• 5+ years experience in business management, internal control, risk management, compliance, audit or related areas.
• Strong interpersonal and relationship-building skills working with senior levels of management as well as global teams.
• Strong communication (verbal and written), presentation and facilitation skills. Strong collaborator and skillful in stakeholder management.
• Strong analytical and problem-solving skills.

What's in it for you?

• We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success!
• A rewarding career path with diverse opportunities for professional development.
• Internal training to support your growth and enhance your skills.
• A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one and much more!

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. 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.