Associate, Business Risk Management, First Line Supervision - Toronto

Scotiabank•Toronto, ON

8d•Hybrid

About The Position

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Requirements

At least two years’ experience in a risk management role
In-depth knowledge of capital markets business, financial instruments and OTC derivatives
Strong quantitative and problem solving skills
Good knowledge of Business Risk Managements
Strong written and verbal communications and inter-personal skills

Nice To Haves

Completion of CFA/FRM an asset

Responsibilities

Assist Trading and Sales Management in the oversight and supervision of sales and trading staff, escalating key issues to desk heads, as and when they occur; and reporting, on a monthly basis, metrics and dashboards to Senior Management and Desk Heads.
Assist Director or Associate Director in drafting or updating Written Supervisory Procedures (“WSPs”) for the supervision responsibilities of the Trading and Sales supervisors, as required by the associated regulations or Bank’s policy.
Assist Director or Associate Director in implementing, assigning WSPs, monitoring and reporting of WSP reports sign-off status by the supervisors.
Monitoring the position limits imposed by the various exchanges and ensure all the trading positions are maintained within the limits.
Ensure the GBM Operational Risk Management Framework is upheld and that the associated processes, including generating and reporting key metrics for discussion at Senior Management Operational Risk Committee meetings, reflect the key principles of the Framework.
Maintain regular communication with GBM stakeholders to determine changes required to processes and controls.
Assist Director or Associate Director in developing training materials and providing training to trading and sales desks regarding trading and sales controls.
Proactively address immediate and ad-hoc trading issues, which may expose GBM to Operational Risk. This would include working with multiple stakeholders to understand the root cause and the required corrective action.
Assist Director or Associate Director in working with the business lines, technology groups and control and support units to ensure appropriate controls are designed into new processes and/or when changes occur as a result of new business, new or enhancements to existing systems, regulatory pronouncements, etc.
Assist Associate Director or Director with the tracking and remediation of Internal Audit findings, Compliance Testing findings, GBM First Line Testing findings and Regulatory findings.
Support Director or Associate Director in preparing for regulatory reviews and requests. This will include working with Trading Management, Compliance, Legal, Finance, Technology and GRM in determining the adequacy of information to be provided. Review materials to ensure accuracy, integrity and completeness.
Support the Director or Associate Director in the development of internal policy, guidelines and procedures to manage Operational Risk within the strategic framework set by the SVP, Head of GBM Business Risk Managements.
Provide support for the Risk & Control Self-Assessment program through implementation of the scope review of the business units & processes within GBM.
Assist Director or Associate Director in updating and documenting key controls recorded in eRCM (Enterprise Regulatory Compliance Management) system.
Other duties and activities as may be assigned from time to time.