Associate Director, Business Risk Management (GBM) - Toronto, ON

Scotiabank•Toronto, ON

4d•Hybrid

About The Position

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific. More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management. Purpose: 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. Ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

Requirements

University degree in the business, finance or risk management disciplines
At least five years’ experience in a capital markets or risk management role at a Financial Institution
In-depth knowledge of capital markets business, financial instruments and OTC derivatives
Strong quantitative and problem-solving skills
Strong knowledge of internal controls
Strong written and verbal communications and inter-personal skills
Proficient in English and one of the following languages is an asset, French, Spanish or Portuguese

Nice To Haves

Proficient with data visualization tools such as PowerBI, desirable
Proficient in data analysis, specifically with Python programming language

Responsibilities

Lead and contribute to the development, implementation, and maintenance of GBM’s non-Financial Risk Assessments, in compliance with applicable Bank Frameworks, Policies, Procedures and Guidelines
Lead and participate as a member of the team in overseeing the globally consistent execution on non-financial risk assessment activities, i.e. Risk Control Self Assessments, Compliance Risk Control Assessments, Third Party Risk Management, New Initiative Assessments
Lead and participate in Incident Management and Issue Management initiatives to ensure consistent execution globally
Act as central global non-Financial Risk Assessment GBM subject matter expert for GBM
Lead and 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
Lead and 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
Lead the documentation and maintenance of procedures and guidelines in collaboration with Global Compliance, Technology and other control and support functions for recordkeeping requirements
Oversee and execute the 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
Act as a global records management subject matter expert for GBM
Design and support the maintenance, creation and review of dashboards and reporting for performance oversight and monitoring for records management and non-financial risk assessments
Design and support the creation, aggregation, and disaggregation reporting, metrics and dashboards for GBM senior management, or executive committees (globally and regionally)
Lead and 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
Champion a high-performance environment and contribute to an inclusive work environment
Champion 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