Director of Artificial Intelligence Risk Management

7 days ago

Eastern Ontario, Canada Scotiabank Full time
About the Role

As a key member of the Data and AI Risk team, you will be responsible for driving AI risk governance activities and contributing to the overall success of the team in Canada and globally.

The Senior Manager will work closely with the Director and the team to ensure that the Bank's exposure to AI risk is effectively identified, measured, monitored, and remediated. Ensuring all activities are conducted in compliance with governing regulations, internal policies, and procedures is also a key aspect of this role.

Key Responsibilities
  • Implement the AI Risk Program Plan and associated activities in assigned North American and/or International Scotiabank business units and/or subsidiaries.
  • Provide expertise and advice to the first line of defense on designing and best practices of effective AI risk controls, metrics, compliance, and risk mitigation.
  • Design and implement AI risk frameworks, policies, procedures, and processes in collaboration with risk partners, such as Global Operations, Third-Party Management, Privacy, and Chief AI Office.
  • Identify opportunities to enhance the AI risk oversight practice, including global AI risk management approach.
  • Drive the development and delivery of communication strategies for new processes and procedures.
  • Develop and deliver AI risk management training across the organization.
  • Develop strong partnerships with other risk functions and business partners to provide professional advice and guidelines for AI risk mitigation.
  • Conduct assessments of the design and operating effectiveness of AI controls developed and implemented by the first line of defense.
  • Maintain and enhance AI risk documentation (procedures, assessments, testing, and reporting).
  • Assist in executing periodical and ad-hoc reporting to the Board, CRO, Risk Committees, including collection of metrics and creation of dashboards and reports.
  • Contribute to developing AI risk metrics and monitor relevant metrics for assigned portfolios.
Requirements
  • An undergraduate and/or graduate degree.
  • At least 5 years of relevant AI risk, AI governance, or other fields that provide excellent exposure to machine learning and AI methods.
  • Knowledge of AI risks and emerging AI requirements and regulations, e.g., EU AI Act, AI NIST.
  • Experience in AI risk training and communication.
  • Familiarity with AI risk management and reporting regulations, standards, and guidelines for the financial sector.
  • Strong communication and relationship skills with a proven track record of engaging and presenting to stakeholders.
About Scotiabank

Scotiabank is a leading bank in the Americas. Our purpose is 'for every future.' We help our customers, their families, and their communities achieve success through a broad range of advice, products, and services.

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