Manager, Business Risk Management

Scotiabank•Toronto, ON

5d•Onsite

About The Position

As part of the Wealth Business Risk Management team, you will play a critical role in strengthening operational risk practices across Global Wealth Management (GWM). This includes championing the Operational Risk Events, Key Risk Indicators programs, leading the RCSA and Scenario Analysis exercises, managing self-identified issues, and supporting risk governance to ensure compliance with regulatory obligations and internal standards.

Requirements

University degree in Finance, Commerce, or Business Administration, with professional designations such as CPA/CFA or an MBA considered an asset, and advanced proficiency in Microsoft Office (Excel, Word, PowerPoint, and Visio).
5+ years of experience in risk-related functions (Internal Controls, Operational Risk, or External/ Internal Audit) or relevant experience in Wealth Management with demonstrated ability to learn and apply risk management practices.
Strong understanding of Wealth Management businesses, products, and regulatory environment.
Hands-on experience leading or executing RCSAs and Scenario Analysis, with the ability to identify key risks, assess control effectiveness, challenge business assumptions, and translate outputs into practical mitigation and action plans.
Experience developing, challenging, and monitoring remediation plans, corrective actions, and broader risk mitigation strategies in partnership with business and control function stakeholders.
Strong working knowledge of regulatory bodies including OSFI, OSC, and CIRO.

Nice To Haves

professional designations such as CPA/CFA or an MBA considered an asset

Responsibilities

Develop expert understanding of Global Wealth Management business units (brokerages, asset management, estates and trust, private banking, mutual fund dealers, and International Wealth Management), including operational risk management processes, regulatory obligations and risk governance.
Provide guidance to Wealth Management business units on operational risk events, process improvements, and outsourcing risk management by proactively identifying, assessing, mitigating, and monitoring risks while delivering key oversight and program assurance.
Lead and execute Risk and Control Self-Assessments (RCSAs) and Scenario Analysis exercises, including planning, facilitation, challenge, documentation, reporting, and follow-up on identified risks, control gaps, and mitigation actions.
Independently manage and contribute to operational risk management program workstreams (e.g., Operational Risk Events, Key Risk Indicators), including identifying, documenting, assessing, and monitoring risks, controls, issues, and mitigation plans.
Lead and support ad hoc risk management initiatives and remediation projects, including root cause analysis, action planning, risk mitigation strategies, and tracking execution to timely closure.
Support the monthly and quarterly risk committee and board reporting processes.
Build and maintain strong relationships with business partners and control functions to integrate risk frameworks and improve business line effectiveness. Champion a customer-focused culture and align team goals with GWM and Bank-wide strategies.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.