Job Information
Scotiabank Manager, First Line Operational Risk and New Initiatives, US Internal Control in New York City, New York
Manager, First Line Operational Risk and New Initiatives, US Internal Control
Requisition ID: 200806
Salary Range: 85,700.00 - 159,100.00
Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Manager, First Line Operational Risk and New Initiatives, US Internal Control (200806)
Global Banking and Markets
Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.
Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.
Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!
Overview
The Manager, First Line Operational Risk and New Initiatives contributes to the overall success of the U.S. New Initiative Approval (NIA) process ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. This Manager ensures that all activities conducted are compliant with governing regulations, internal policies and procedures. This position contributes to the overall success of the SBUS control framework by working closely with the first line of defense/1A business as well as second line of defense to ensure activities conducted are compliant with governing regulations, internal policies and procedures with a focus on New Initiatives. You will also provide 1st line of defense support in managing non-financial risks inherent to new products and services offered by Scotiabank US capital markets trading businesses. This position will assist in implementing industry best practices and developing regulatory requirements related to Operational Risk and U.S. NIA processes.
What You’ll Do
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
Assists the business in coordinating and performing timely review of new transactions, products, and/or methods for effectuating transactions in accordance with Scotiabank’s U.S. NIA process.
Works to identify efficiencies in the U.S. NIA process from submission of screeners through to post approval implementation reviews.
Engages on all aspects of the U.S. NIA process, including:
Work with the business to assess screener and new initiatives
Work closely with Enterprise Risk Management to ensure efficient review of all screener/NIAs
Organize and lead working group meetings for all in-scope initiatives
Follow-up with Control & Support Functions on completion of independent risk assessments
Prepare NIA materials for, and present at, numerous management committees
Prepare NIA agendas for monthly and ad hoc U.S. NIA Committees
Prepare meeting minutes
Ensure the completion of outstanding post implementation reviews for previously approved NIAs
Serve as point of contact and work independently with stakeholders
Act as delegated backup for the current U.S. Internal Control team lead for NIA process.
Liaise with global teams on new global products, services and initiatives that impact the U.S.
Liaise with Internal Control and GOR teams in Toronto on process changes at the enterprise level and work across all regions within GBM to develop a consistent NIA framework.
Communicate effectively with senior capital markets personnel on detailed issues in business.
Coordinate in the collation of information and execution required by regulators and internal audit to facilitate the latter’s examinations/reviews.
Assist in the development of training materials to business line (1A) personnel on risks, controls and procedures related to U.S. NIA process.
Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
Champion a high-performance environment and contributes to an inclusive work environment.
What You’ll Bring
3-5 years’ experience of capital markets front office environment or as part of a control & support function team
Understanding of FICC, Equities and CIB products and services
Knowledge of capital markers risks and controls
Interested?
If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.
What's in it for you?
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.
Location(s): United States : New York : New York City
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.