Associate, Correspondent Banking Portfolio

**Requisition ID**: 145352 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Associate, Correspondent Banking Portfolio Management, Global Business Payments - Toronto, ON Purpose The Associate, Portfolio Management is responsible for supporting the Associate Director, Correspondent Banking Portfolio Management in ensuring the network of Correspondent Banks is managed efficiently and effectively, with a focus on strong risk management and operational efficiency, in order to support the sustainable, consistent, and predictable earnings of all lines of business. Is this role right for you? Responsible for supporting the effective management of the Correspondent Banking network of clients by: Managing the portfolio composition, geographic market access, and risk profile of the correspondent banking portfolio to ensure it competitively meets the needs of our customers while within the bank’s risk appetite. Leading the ongoing evaluation of the network, both the products offered and the Correspondent Banks within it, to ensure the network composition aligns with the Bank’s strategy & risk appetite. Where there is a misalignment, work with stakeholders to ensure the relationship is offboarded. Developing, implementing, and maintaining necessary processes to support the operational efficiency of the onboarding process and collaboration between stakeholders and cross function partners. Supporting the Associate Director by preparing presentation materials for the Correspondent Banking Management Committee, documenting meeting minutes and ensuring follow up action items are executed. Developing and delivering in-depth analysis and research of payment exchanges between Financial Institutions to support business decisions and identification of potential risks associated with our Financial Institutions relationships. Supporting the financial planning and forecasting process for Correspondent Banking and GBM products. Coaching and managing the Relationship Managers in these matters and ensure they are adequately trained and aware of various risks (regulatory, financial crime, reputational, ethical, operational etc.) taken within the portfolio. Support the Associate Director, Correspondent Banking Portfolio Management in developing, approving, and executing Correspondent Banking’s strategic initiatives and objectives by: Driving cross-bank collaboration with Relationship Managers, product partners, technology and second line control functions to support Correspondent Banking client strategy with effective processes, controls and capability that meets the needs of our customers. Supporting each strategic initiative, organizational/financial feasibility, assist in developing and managing the project plan and clearly communicating expectations and goals to all team members and stakeholders. Ensuring ongoing communication of project status, completing monthly status reports and escalating issues, as required, to the Associate Director Other job-related duties as assigned by the Associate Director, Correspondent Banking Portfolio Management Pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct. Do you have the skills that will enable you to succeed in this role? **We'd love to work with you if**: Minimum of 2-5 years of experience in financial services, Correspondent Banking an asset Minimum of undergraduate degree in business/finance, related field or equivalent experience The position requires strong business acumen, sound judgment, and critical thinking skills. Experience with project management is highly desirable. The incumbent must be self-motivated, possess strong relationship management skills and be equally adept at strategizing and implementing process change. Strong knowledge of businesses, products, operations, systems, and organization; as well as strong knowledge of the regulatory requirements and expectations associated with Correspondent Banking are also required. Knowledge of Canadian and US regulation is an asset **Note**: Work in a standard office-based environment; non-standard hours are a common occurrence. Limited international travel. **Location(s)**: Canada : Ontario : Toronto 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 ca