Senior Manager, Risk Oversight

5 days ago

Toronto, Ontario, Canada Scotiabank Full time

About Scotiabank

Scotiabank is a leading Canadian financial institution with a strong presence in the global market. Our Global Banking and Markets division provides a wide range of financial services to clients across various industries.

Job Summary

We are seeking a highly experienced professional to lead our Internal Controls team. As a key member of our Global Banking and Markets division, you will be responsible for designing and implementing control processes to ensure the overall success of our first line of defense in managing operational risks.

Key Responsibilities

  • Lead and direct supervisory activities for Trade Floor Supervision and Internal Control delegated by the Global Banking & Markets business lines.
  • Conduct sales and trader oversight activities, escalating negative trends to the respective heads of sales and trading/business line heads for remedial action.
  • Act as the escalation point for incidents, investigate and remediate as necessary.
  • Develop and provide training to business line personnel on non-financial risks and controls and supervision procedures.
  • Maintain an audit trail of supervision activities and maintain documentary evidence of delegations of such activities by business line.
  • Evaluate impact on operational risk management from changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes/new implementation, regulatory requirements.
  • Drive industry change by advancing GBM perspective with industry committees and working groups.
  • Review regulatory and audit findings and work with business line management to formulate responses and track to remediation.
  • Coordinate responses to regulatory requests on behalf of the business.
  • Lead in providing regular KRI / KPI reporting to GBM Management on the condition of internal controls in the respective business lines.
  • Lead and supervise teams within Internal Control that execute delegated supervisory and oversight responsibilities of Internal Control and Trade Floor Supervision from Line 1A.

Requirements

  • Licensed as a Supervisor with CIRO and FINRA.
  • Strong working knowledge of regulatory requirements that govern trading businesses in Canada, USA, Europe, APAC, and LATAM.
  • Strong supervisory and management skills coupled with the ability to hire, place and train incumbents.
  • At least 10 years' experience in a trading and operational risk management role.
  • In-depth knowledge of capital markets business, including Equity, Fixed Income, Listed Derivatives, Foreign Exchange.
  • Expert knowledge of internal controls.
  • Extensive experience interacting with senior executives and managing key relationships throughout the organization.

What We Offer

Scotiabank offers a competitive compensation package, comprehensive benefits, and opportunities for professional growth and development. We are committed to creating a diverse and inclusive work environment that values and respects the contributions of all employees.

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