Bank à Canada

Requisition ID: 224615

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

As the Senior Manager, Risk Initiatives, Monitoring and Testing, you will be responsible to lead first-line risk assessments across Global Wealth Management (GWM) businesses and functional units, including end-to-end execution of testing and monitoring related to operational, regulatory, and compliance risks within Global Wealth Management (GWM).

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’s business units in the context of complex regulatory environments
• Conduct risk assessments to ensure the adequacy of controls, processes, and protocols to mitigate regulatory and operational risks (including legal, securities, tax) 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 Global Wealth business units (brokerages, asset management, estates and trust, private banking, mutual fund dealers, and International Wealth Management), including operational processes, regulatory obligations, and risk governance
• Design control and operational policies, procedures, and frameworks to manage risks of new wealth management initiatives, including new products and service offerings, technology platforms, investment tools, digital offerings, and applications
• Establish global standards in the core Wealth business units (asset management, brokerages, investment funds, private banking, trusts and pensions) to manage non-financial risks (including operational risk, AML) in multiple jurisdictions, including Canada, Caribbean, Central and Latin America
• Analyze data, alerts and results of monitoring, assessments, and inventories to identify potential gaps, patterns, and trends
• 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
• Champion a client-focused culture and leverage broader Bank relationships, systems, and knowledge
• Ensure individual and team goal plans align with the overall strategies and objectives of Global Wealth Management Internal Controls, GWM, including International Wealth Management, and the Bank
• Lead review/testing engagement activities ensuring testing is expertly and effectively performed
• Prepare clear and comprehensive reporting with actionable recommendations and insightful analysis and commentary
• Lead the sustainment and implementation of on-going and new monitoring programs
• 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
• Develop proposals and business cases, as required
• Prepare executive and board report materials including analysis and concise written summaries
• Maintain current knowledge of applicable regulatory requirements and industry developments
• Interpret and assess international wealth business units and local regulations, processes, and controls to provide practical recommendations and advice
• Lead / support projects arising from business risk initiatives, identifying management and compliance 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
• Communicate vison / values / strategy and managing succession and development planning for the team
• Lead and drive a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Champion a high-performance environment and contribute to an inclusive and diverse 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 Commerce or Business Administration, Accounting, or Finance
• A minimum of 8 years of relevant Wealth industry experience or an MBA with a minimum of 5 years of relevant Wealth industry experience, including working knowledge of International Wealth
• CPA, CA, CFA, CIM, and/or FRM designation preferred
• Working experience and knowledge of quality assurance processes
• Regulatory experience is an asset including Compliance, Audit, Operational Risk, Third Party Risk, Legal
• Previous work experience in project management and/or regulatory reform initiatives
• Completion of Canadian Securities Course (CSC) or CFA Level 1 is an asset
• Strong working knowledge of regulatory bodies including OSFI, OSC, CIRO
• Knowledge of the roles and responsibilities of Global Wealth business units and support functions crossing all delivery channels, including International Wealth
• 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
• Strong data analytic skills
  

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.