Senior Manager, Operational Risk
About The Position
The objective of this position is to ensure that the U.S. operations of The Bank of Nova Scotia have appropriate governance in place to effectively challenge operational risk and related governance activities that align with the Enterprise Framework and meets local supervisory expectations. The incumbent, acting as the second line function, will challenge the effectiveness of the design of first line operated controls and monitoring methods, identify control deficiencies, if any, and assist the Office of the U.S. Chief Data Officer and other 1LOD owners with developing appropriate corrective action plans. The Senior Manager will also be expected to lead the evolution of the operational framework as part of Scotiabank U.S.’s broader efforts to enhance its risk management capabilities.
Requirements
- Bachelor’s degree or international equivalent required.
- A minimum of 15 years of experience working at a financial institution, with at least 10 years’ experience in Operational Risk Management, or related Compliance, Risk Management or Audit experience
- Experience with Risk Identification and Assessment and/or RCSA process a must.
- Deep understanding of the regulatory expectation for U.S. Operational Risk Management
- Hands-on experience developing and producing management reports.
- Strong interpersonal and presentation skills with multiple stakeholders both internal and external
- Excellent organizational and communication skills
- Ability to work independently.
- Demonstrated ability to operate at a strategic level.
- Ability to solve problems, multi-task and manage changing priorities.
Nice To Haves
- Advanced degree preferred.
Responsibilities
- Owning and implementing SBUS’ operational risk management framework.
- Effectively challenging the businesses, and control and support functions, providing senior management with an independent assessment of businesses’ operational risk and divisional risk profile.
- Identifying new and emerging operational risk themes based on internal and external data.
- Maintain and enhance SBUS’s operational risk management framework, supporting standards and procedures covering identification, measurement, monitoring and management of operational risk. Key parts of the framework include incident reports, Risk Control Self Assessments (RCSAs), operational risk deep dives, scenario analyses, identification and monitoring of Key Risk Indicators (KRIs), and the development and refinement of risk taxonomies.
- Integral member responsible for the execution of day-to-day responsibilities owned by the operational risk team including, but not limited, to the following: Effective challenge of businesses’ operational risk oversight activities including, but not limited to, completed internal operational risk reports, RCSAs, and scenario analyses
- Partner with the broader U.S. Enterprise Risk team and the Global Operational and Data Risk Team to ensure that U.S. Operational and Data Risk is aligned with global standards and harmonized with other risk disciplines in the U.S.
- Lead efforts (e.g., training, communications) to enhance the profile of operational risk within SBUS and reinforce the company’s broader risk culture.
- Provide support for the timely and accurate escalation of review findings and facilitate analysis for remediation.
- Alignment of Operational and Data Risk activities as applicable.
Benefits
- flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
