Job Description

Requisition ID: 217068

  Salary Range: 69,400.00 - 129,000.00 

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.

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! 

Purpose

 

As a valuable team member in the Internal Control group, employee will contribute to the success of the SBUS control framework by working with the First Line of Defense to support the execution of the Risk & Control Self-Assessment (“RCSA”) program for all U.S. businesses. Role requires a motivated self-starter with strong judgment and analytical skills. Experience in global markets and strong interest in process automation, including utilization of business intelligence/automation tools, is strongly preferred.

What You’ll Do 

• Contribute to the design, development, implementation, and execution of the RCSA framework and overall evaluation of operational risk across all U.S. businesses (Equities, Prime Services, GBP, FICC, and CIB).
• Work with senior leadership as an effective risk manager, in supporting enhancement plans aimed at evolving the RCSA methodology and developing new strategies to advance the program. 
• Collaborate with stakeholders across the businesses and the three lines of defense, including First Line (FLSS), Second Line (Operational Risk Management), and Internal Audit, to confirm comprehensive and consistent practices are followed to allow for a successful oversight program that proactively manages and assesses operational risk. 
• Contribute to the evolution of the operational risk framework by driving consistency in data point gathering, including New Initiative Assessments, Operational Risk Events, Key Risk Indicators, etc., providing subsequent guidance for remediation if deficiencies identified.
• Review, update, and maintain all related policies and procedures.
• Manage and perform Quality Assurance review of the Key Risk Indicators and Key Performance Indicators to be monitored and reported.
• Centrally manage and track all the issues and remediation efforts for all the issues attributed to the US based Management team across all US entities and business lines. Liaise with the specific issue owners for periodic updates and manage the closure process.
• Partner with local Front Office business line managers to address Operational risk issues.
• Tracks operational events (gains, losses, near misses) and conducts analyses of root causes and determines corrective actions, in conjunction with the relevant Internal Control FLSS team. 

What You’ll Bring 

• Minimum of three years of relevant experience in financial services industry, preferably in risk management, compliance, operations, or audit
• Bachelor’s degree in Finance, Business, or related field
• Strong attention to detail and analytical skills
• Working knowledge of business process maps and/or Visio preferred
• Use of and/or interest in business intelligence and/or automation tools (e.g., Power BI, Alteryx, VBA, etc.) preferred 

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, please click here . 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.

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