Senior Manager, Basel and GRM Regulatory Office (12 Month Contract)

Scotiabank•Toronto, ON

6d•Onsite

About The Position

The Basel Program Office, Global Risk Management is responsible for coordinating activities relating to compliance with Basel regulatory requirements. The Senior Manager will be a critical member of the Basel and GRM Regulatory Office (BGRO) team to support initial and ongoing compliance with OSFI’s Capital Adequacy Requirements (CAR) Guidelines and the Basel Capital Framework on a Group-wide basis. This includes providing oversight for self-assessment activities, maintaining current knowledge of regulatory expectations and other standards together with emerging industry practices, monitoring progress in relation to achievement of and/or compliance with the CAR Guidelines (including gap closure activities), and coordinating reporting on Basel related activities. Risk categories in scope include credit risk, counterparty credit risk, market risk, and operational risk. You will be responsible for supporting the identification and definition of the necessary policy, business, process, and system requirements to meet, or ensure ongoing compliance with the requirements of the CAR Guidelines, consistent with industry practices and emerging thought, and providing expert guidance to projects and business groups.

Requirements

5+ years experience preferably in risk management, capital management or banking, related policy and process teams.
Solid knowledge of OSFI’s CAR Guidelines, risk management policies and procedures.
Strong analytical and attention to detail skills.
Excellent communication, interpersonal and relationship-building skills.
Graduate education in business or a related field.

Nice To Haves

MBA, CPA, FRM or equivalent designation is an asset.

Responsibilities

Coordinate ongoing Compliance activities to support the CRO Attestation and confirm that the existing inventory of OSFI AIRB and capital models continue to adhere to all applicable minimum requirements.
Provide oversight for self-assessment and gap closure process for new capital model applications and material model modification applications.
Ensure that projects are executed in accordance with plans, ensuring that key issues are identified and escalated for resolution, interdependencies between projects are identified and agreed, and critical paths identified and tracked.
Coordinate the compilation of OSFI’s quarterly model modification reporting requirements.
Maintain a current understanding of global regulatory expectations for the Basel Capital Framework, industry practices, the Bank’s business and regulatory frameworks including the Basel Framework and related regulatory expectations.
Identify any required changes to policies, business process, and system requirements for risk management to meet OSFI’s CMAP Framework and CAR Guidelines.
Provide reporting on Basel Committee Banking Supervision (BCBS) and OSFI capital related issuances, open issues, and planned and ongoing project status updates to the Capital Oversight Steering Committee and Senior Executive Management.
Liaise with responsible parties to ensure that documentation is developed during the course of any project work to support the closure of gaps between regulatory expectations and current practice.
Coordinate with Model Development, Validation, and Internal Audit to ensure that documentation is complete and sufficient to meet expectations in supporting an opinion of compliance with the CAR Guidelines requirements.
Respond to ad hoc enquiries by providing expert guidance to business groups to ensure that the interpretation of policies, standards and processes are consistent relative to the Bank’s business and regulatory frameworks including the Basel Framework and related regulatory expectations.
Execute regulatory reporting activities in accordance with the Bank’s Regulatory Reporting Target Operating Model policies, internal processes, and established controls.