Associate Director, Business Risk Management - Toronto, ON

Scotiabank•Toronto, ON

4d•Onsite

About The Position

Business Risk Management (BRM) is the 1B team responsible for the effective execution of first-line supervision and oversight of the non-financial risks within GBM businesses in Canada. Operating within a hub-and-spoke model, BRM Canada ensures that globally designed controls are effectively implemented and sustained at the regional level, while supporting the continuous enhancement of risk management practices. The role works closely with Global BRM teams, Sales & Trading management, and control and support functions to ensure effective front-office supervision, compliance with regulatory expectations, and consistent execution of non-financial risk controls. In this role you will contribute to strengthening control effectiveness, enhancing risk transparency, and enabling business growth within a robust risk management framework.

Requirements

At least five 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 internal controls
Understanding of complex and very different business lines in GBM
Experience in maintaining an in-depth knowledge of operational conditions throughout the applicable Business Lines and the state of regulatory matters, be able to resolve issues of non- compliance and to escalate issues promptly that are deemed to be serious, or have broad impact
Ability to resolve issues and also recognize the need to involve his/her supervisor/s and/or Subject Matter Experts when required.
Strong written and verbal communications and inter-personal skills
Successful completion of the CIRO Supervisor Exam within 6 months of joining

Responsibilities

Execute delegated first-line supervision and oversight responsibilities in accordance with regulatory expectations, internal policies, and established control frameworks
Support the execution of Written Supervisory Procedures (WSPs) to evidence active and ongoing supervision within the business
Promote a strong supervision culture and adherence to conduct standards across the front office by providing advisory support and developing training and guidance, as appropriate
Maintain alignment with global control frameworks while ensuring regional applicability and compliance with local regulations and industry best practices
Maintain a strong understanding of local regulations and industry best practices applicable to assigned GBM businesses
Partner closely with the business to understand its strategy and proactively identify emerging risks through strategic risk assessments and disciplined deep-dive analysis of key incidents
Manage and support the resolution of incidents, including operational risk events and vendor-related incidents
Support the business in identifying and investigating issues, escalating concerns, and implementing corrective actions to address underlying control gaps or weaknesses
Partner with business stakeholders and GBM control and support functions to ensure robust closure and sustainable remediation of issues identified across all three lines of defence
Lead and support the execution of global programs designed to assess non-financial risks and evaluate control effectiveness within the business, including Compliance Risk and Control Assessments (CRCAs), Risk and Control Self-Assessments (RCSAs), and Scenario Analysis
Support the maintenance and updating of Volcker Desk Operating Plans (DOPs), ensuring desk strategies are clearly articulated and documented
Maintain and enhance regional control libraries for key front-office controls
Prepare and deliver reporting and analytics on non-financial risk KRIs and KPIs to senior management and relevant committees and governance forums within the business
Provide support in preparing for regulatory reviews and requests led by GBM&T Compliance, coordinating with stakeholders across the business, GBM&T Compliance, Legal, Finance, Technology, and GRM to deliver relevant, accurate, and comprehensive information in response to regulatory inquiries, legal matters, and confidential requests
Actively pursue the effective and efficient execution of BRM responsibilities in accordance with ScotiaBond Values and Scotiabank’s Code of Conduct, while ensuring the adequacy and effectiveness of day-to-day business controls in meeting non-financial risk obligations
Foster a high-performance and inclusive work environment
Perform other duties and projects as assigned from time to time