Manager, Non-Financial Risk & New Initiatives

Scotiabank • Toronto, ON

5d • Onsite

About The Position

The Manager, Non-Financial Risk & New Initiatives, supports the day-to-day management of the Canadian Banking New Initiative Risk Assessment (NIRA) program as part of the Canadian Banking Business Risk Management (CB BRM team). CB BRM is responsible for providing strategic and tactical leadership on the assessment, monitoring and reporting of non-financial risks across Canadian Banking.

Requirements

• Excellent problem solving, critical thinking, and negotiating skills
• Expert knowledge of Excel, PowerPoint, Word, and Visio
• Excellent written and verbal skills (must be able to prepare documentation and interact effectively with other Bank departments)
• Excellent leadership and time-management skills
• Must maintain a current awareness of regulatory requirements and industry best practices in operational risk
• Thorough knowledge of Bank's regulations, policies, procedures, operations, and functions
• Excellent knowledge of the roles and responsibilities of Canadian Banking business units and related support functions across all delivery channels
• Bachelor’s degree in business administration, Accounting, Finance, Project Management.

Responsibilities

• Maintaining daily pipeline report of all in scope initiatives
• Collaborating with risk advisors and business sponsors to help assess the risk materiality of an initiative, leading to a risk-based scoping decision for the NIRA
• Acting as a subject matter expert by providing advice to Initiative Sponsors regarding the assessment of risks for their initiatives
• Preparing the agenda and materials for the monthly New Initiative Risk Review Committee meetings
• Ensuring that all risks are appropriately mitigated, and in the case of identified gaps, that actions plans are in place and completed on time
• Serving as a liaison between Control & Support Functions and the Initiative Sponsors, including securing timely sign off from Control & Support Functions, when required
• Ensuring all NIRAs are compliant with all policy and addendum requirements
• Prepare and conduct training sessions to business units within Canadian Banking to increase awareness and understanding of the NIRA process.
• Support the Senior Manager and Director in the maintenance of the department's Operating Guidelines which includes the department's Operating Model, Governance Structure, and Roles and Responsibilities that support the execution of the Bank's Operational Risk Framework within Canadian Banking.
• Maintain strong relationships with the Canadian Banking business units, BRM risk advisors, applicable Control & Support Functions, and Global Operational Risk teams to remain current on new developments and emerging risks.
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Contribute to a culture of constant improvement by analyzing existing procedures and proposing more efficient ways to obtain better results that add value to our customers and business.
• Provide additional support to other projects and activities that fall within the Business Risk Managements’ mandate(s), as required.

Benefits

• Upskilling through online courses, cross-functional development opportunities, and tuition assistance.
• Competitive Rewards program including bonus, flexible vacation, personal, sick days and benefits will start on day one.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager