Risk Management Specialist, Investment Banking

2 weeks ago


Old Toronto, Canada Scotiabank Full time
About Scotiabank

As a leading bank in the Americas, Scotiabank is guided by its purpose: 'for every future.' We help our customers, their families, and their communities achieve success through a wide range of advice, products, and services.

We are committed to creating an inclusive and accessible environment for everyone. If you require accommodation during the recruitment and selection process, please let us know.

About the Role

This role is part of our Global Banking and Markets (GBM) business, which provides a full range of investment banking, credit, and risk management products and services to our clients. Our team works globally, with a presence in Canada, the US, and Latin America.

You will be working closely with GBM Management to manage non-financial risks in GBM Canada, specifically non-financial risks in Corporate & Investment Banking. Your responsibilities will include:

  • Oversight and supervision of GBM staff, escalating key issues and emerging risks to GBM Internal Control Management and GBM Management.
  • Coordinating with business line partners to develop, maintain, and report management information on non-financial risk information for Senior Management and Core Risk Committee.
  • Leading the planning and execution of Risk and Control Self-Assessments (RCSAs) and Compliance Risk and Control Assessments (CRCA).
  • Assisting with the development, maintenance, and periodic review of key risk indicators, key performance indicators, and metrics to allow for effective management of non-financial risks in CIB and other GBM Canada business lines.
Your Responsibilities

You will be responsible for:

  • Performing periodic testing and monitoring of key processes to ensure the design and operating effectiveness of controls.
  • Assisting GBM Management with ad-hoc requests and special projects.
  • Leading the tracking and remediation of Internal Audit findings, Compliance Testing findings, GBM First Line Testing findings, and Regulatory findings.
  • Maintaining regular communication with GBM stakeholders to determine changes to processes and controls.
  • Identifying and owning the root cause analysis of operational risk events and recommending appropriate action plans.
  • Assisting Management in providing Request for Information related to Internal Audit, Compliance Testing, and Regulatory reviews and examinations.


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