Non-Financial Risk Specialist

3 weeks ago


Toronto, Ontario, Canada Scotiabank Full time

Key Responsibilities

The Non-Financial Risk Specialist will contribute to the overall success of the Global Regulatory Operations & Internal Controls – Non-Financial Risk team by ensuring specific individual goals, plans, and initiatives are executed and delivered in support of the team's business strategies and objectives.

Main Duties and Responsibilities:

  • Third Party Risk Management (TPRM) and Contract Management (ICERTIS): Identify risk from third-party arrangements and assess them in an objective manner to consistently quantify and qualify the amount and types of risks posed by the arrangement and its impact to the Bank.
  • New Initiative Risk Assessment (NIRA): Work collaboratively with business units and key internal partners to identify, assess, monitor, and report significant operational risks and controls through the NIRA Methodology.
  • Risk and Control Self-Assessment (RCSA) Program: Work collaboratively with Sr. Managers NFR and key internal partners to identify, document, and assess significant operational risks and controls through the RCSA Program.
  • Action Plans Monitoring: Track and monitor completion of action plans, providing guidance to business units on completion of action plans following guidelines given by Sr. Manager NFR.
  • Non-Financial Risk Reporting: Gather information from Non-Financial Risk Management tools, programs, projects, and other sources, analyze the information, and develop reports and dashboards.
  • KRI Program Development: Support and challenge business units in the development of their KRI program.
  • Operational Risk annual awareness program: Support delivery of annual awareness program to assist the Risk Owners in understanding what types of operational risk their units could generate in their day-to-day activities.

Requirements and Qualifications:

  • Strong problem-solving, critical thinking, negotiating, and time management skills.
  • Good written and verbal skills, with the ability to prepare documentation and interact effectively with other Bank departments.
  • Understanding of the Bank's risk appetite and risk culture, and ability to consider these in day-to-day activities and decisions.
  • Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

What We Offer:

  • A culture that promotes teamwork and cross-functional collaboration to achieve business goals.
  • A competitive compensation and benefits package.
  • Opportunity to work in a leading bank in the Americas, with a broad range of advice, products, and services.


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