Senior Manager, Operational Risk Oversight, CSF

Scotiabank; Toronto; On-site; CAD 120,000 - 170,000; Full time

Job summary

Scotiabank is seeking a Senior Manager, Operational Risk Oversight to contribute to Global Risk Management and CSF Non-Financial Risk oversight. You will advise on risk management practices, ensure proactive handling of top and emerging risks, and coordinate risk intelligence and communications to leadership.

You will embed with GRM, work across CSF and GTB, and design risk reporting frameworks while championing a high-performance, inclusive environment.

Qualifications

• Strong communication (verbal and written) and facilitation skills.
• Experience engaging with and providing risk oversight to Control and Support Functions (Finance, HR, Technology, Legal, Compliance, Audit, Strategy & Operations, Risk Management).
• Familiarity with Global Transaction Banking products, processes, and risk profiles is an asset.

Responsibilities

• Champion a customer focused culture to deepen client relationships and leverage bank-wide relationships.
• Design, build, and improve the Non-Financial Risk relationship management model for CSF and GTB partners.
• Serve as the primary reporting, insights, and communication channel coordinator for CSF NFR activities.
• Coordinate collection, synthesis, QA, and distribution of risk intelligence for CSF and GTB leaders.
• Act as 2LOD for CSF and GTB, providing independent oversight and effective challenge across the Non-Financial Risk program.
• Perform the ORM 1B function on behalf of Global Risk Management.
• Embed as risk partner within GRM to ensure GRM's risk profile is proactively managed.
• Serve as Global central NFR contact and relationship manager for CSFs and GTB.

Skills

Communication skills

Stakeholder management

Risk oversight

Risk reporting

Presentation skills

Collaboration

Education

Undergraduate degree in Business, Finance, Risk Management, Economics, Engineering or Science

MBA or MSc Risk Management (asset)

Job description

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Requisition ID: 270261

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

The Senior Manager, Operational Risk Oversight will contribute to the overall success of Global Risk Management Corporate & Support Function (CSF) Non-Financial Risk (NFR) Oversight, globally. They are responsible for providing advisory and healthy challenges in the CSF and Global Transaction Banking’s (GTB) 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.
• Design, build, and continually improve the Non-Financial Risk relationship management model for CSF and GTB partners.
• Serve as the primary reporting, insights, and communication channel coordinator for CSF NFR activities.
• Coordinate the collection, synthesis, quality assurance, and distribution of risk intelligence, ensuring that CSF and GTB CRO and leadership receive timely, accurate, and decision-ready NFR insights for each risk domain.
• Serve as the designated second-line-of-defence (2LOD) for CSF and GTB, providing independent oversight and effective challenge across the full Non-Financial Risk program.
• Perform the Operational Risk Management 1B (ORM 1B) function on behalf of Global Risk Management (GRM).
• Act as the embedded risk partner within GRM, executing first-line-adjacent responsibilities that ensure GRM’s own operational risk profile is proactively managed.
• Act as the Global central NFR contact and relationship manager for CSFs and GTB, ensuring comprehensive oversight and partnership across all nine relationships
• 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 contributes to an inclusive work environment.

Do you have the skills that will enable you to succeed? We’d love to work with you if you have experience with:

• Undergraduate degree in Business, Finance, Risk Management, Economics, Engineering or Science disciplinepreferred
• Bilingual in English and Spanish is an asset.
• Post-graduate degree (MBA, MSc Risk Management) or professional designation (FRM, CRM, CPA, CFA) is an asset
• 5+ years experience in business management, internal control, risk management, compliance, audit or related areas
• Experience engaging with and providing risk oversight to one or more Control and Support Functions (Finance, HR, Technology, Legal, Compliance, Audit, Strategy & Operations, Risk Management) is an asset
• Familiarity with Global Transaction Banking products, processes, and associated riskprofileis an asset
• Experience designing andmaintainingstructured risk reporting frameworks and communication channels
• Strong communication (verbal and written), presentation and facilitation skills.
• Strong collaborator and skillful in stakeholder management

What’s in it for you?

• The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
• A rewarding career path with diverse opportunities for professional development.
• Internal development to support your growth and enhance your skills.
• A competitive compensation and benefits package.
• An organization committed to making a difference in our communities– for you and our customers.
• We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!

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. 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.

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