Associate, Business Risk Management, Non-financial Risk Assessments and Records Management - Toronto

Scotiabank•Toronto, ON

7d•Hybrid

About The Position

The Associate, Business Risk Management will contribute to the overall success of Non-financial Risk Assessments and Records Management programs, globally, ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. They will ensure all activities conducted are in compliance with governing regulations, internal policies and procedures. 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

University degree in the business, finance or risk management disciplines
Capital markets business knowledge, financial instruments and OTC derivatives is desirable
Experience in capital markets or risk management role at a Financial Institution
Strong quantitative and problem-solving skills
Good knowledge of internal controls
Strong written and verbal communications and inter-personal skills
Proficient with data visualization tools such as PowerBI
Proficient in data analysis, specifically with Python programming language
Proficient in English and one of the following languages is an asset, French or Spanish

Responsibilities

Contribute to the development, implementation, and maintenance of GBM’s non-Financial Risk Assessments, in compliance with applicable Bank Frameworks, Policies, Procedures and Guidelines.
Participate as a member of the team to oversee the globally consistent execution; i.e. Risk Control Self Assessments, Compliance Risk Control Assessments, Third Party Risk Management, New Initiative Assessments
Act as central global non-Financial Risk Assessment GBM subject matter expert for GBM
Contribute to the development, implementation, and maintenance of GBM’s records management program, in compliance with the Banks’s records management Framework, Policies, Procedures and Guidelines.
Participate as a member of the team to innovate and create ways to identify, retain, retrieve and dispose of records in an efficient and effective manner.
Document and maintain procedures and guidelines in collaboration with Global Compliance, Technology and other control and support functions for recordkeeping requirements.
Act as a global records management subject matter expert for GBM
Execute periodic monitoring, testing and validation of records or recordkeeping, including monthly OTC Derivative trade reconstruction to test the Bank’s ability to provide information to a regulator within 72 hours, when requested.
Support the maintenance, creation and review of dashboards and reporting for performance oversight and monitoring for records management and non-financial risk assessments
Support the creation, aggregation, and disaggregation reporting, metrics and dashboards for GBM senior management, or executive committees (globally and regionally)
Assist in the production of relevant, accurate, and comprehensive information in response to regulatory inquiries or Legal privilege and confidential requests for support.
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.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Other duties and projects may be assigned from time to time.