Manager, Business Risk Management, Global Insurance

Requisition ID: 277498

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Purpose:

Contributes to the effective execution of first-line non-financial risk programs for Global Insurance. The Manager executes assigned risk and control activities directly for Global Insurance head office, as applicable, and, where execution rests with local teams, coordinates with and supports those teams to promote timely and consistent delivery. The role supports the application of Bank policies, local regulatory requirements, and risk management practices, including the identification, documentation, escalation, and remediation of control gaps. Working closely with in-country insurance teams, International Banking and Global Wealth Management Business Risk, and enterprise control partners, the role reinforces a strong risk and control culture across insurance product manufacturing, distribution, and reinsurance activities.

Is this role right for you? In this role you will:

• Champions a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.

• Supports a strong risk and control culture by partnering with Global Insurance and other control functions teams to apply Bank policies, local regulatory requirements, and risk management practices across multiple jurisdictions.

• Supports the execution and/or coordination with International Banking and/or in-country Risk Management teams, of core first-line non-financial risk programs, including privacy, Anti-Bribery and Anti-Corruption (ABAC), conduct and sales practices, AML, regulatory compliance, operational risk, third-party risk, and other assigned responsibilities, as applicable.

• Supports coordination with International Banking Risk Management team of coverage for Global Insurance units of key risk program activities, including Compliance Risk and Control Assessments (CRCA), Risk and Control Self-Assessments (RCSA), Key Risk Indicators (KRIs), issues management, risk assessments, process analysis, and monitoring activities, ensuring results are documented and escalated as required.

• Supports the assessment and monitoring of insurance product manufacturing, distribution, and reinsurance processes by identifying control gaps, working with local teams to develop action plans and monitoring those until completing.

• Assists the business in understanding and implementing regulatory requirements with support from respective compliance teams.

• Coordinates with Internal Audit, Compliance Testing, and risk review teams by supporting fieldwork, tracking remediation plans, validating completion evidence, and escalating delays or deficiencies.

• Contributes to improvements in controls and risk frameworks by identifying issues, recommending enhancements, and supporting implementation activities that strengthen operational soundness.

• Monitors industry developments and emerging risks in insurance and financial services and provides relevant insights to business partners and leaders.

• Builds strong working relationships with International Banking Business Risk, in-country teams, and enterprise partners to support consistent execution of risk and control activities across Global Insurance.

• Understands how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursues effective and efficient operations in accordance with Scotiabank's Values, Code of Conduct, and Global Sales Principles, while supporting effective day-to-day controls for operational, compliance, AML/ATF/sanctions, and conduct risk obligations.

• Contributes to a high-performance and inclusive work environment.

Do you have the skills that will enable you to succeed in this role? – We'd love to work with you if you have:

• University degree in business, risk management, or an equivalent combination of education and relevant professional experience.

• Five or more years of progressive experience with process analysis, risk management, compliance, internal controls, or a related discipline.

• Demonstrated experience conduct process analysis, review of system processes and controls, supporting risk and control assessments, regulatory change, issues management, remediation validation, control testing, and ongoing monitoring activities.

• Experience working with Compliance, Internal Audit, Risk Management, and other control functions.

• Experience working across multiple jurisdictions or supporting international business operations is preferred.

• Strong analytical skills, including the ability to evaluate risk indicators and other data to identify trends, emerging risks, and control weaknesses.

• Strong relationship-building skills across multiple teams within the organization and jurisdictions.

• Strong written and verbal communication skills, including the ability to prepare clear and concise materials for management.

• Professional proficiency in Spanish and English is required.

• Working knowledge of operations, distribution practices and applicable regulatory requirements, and reinsurance is an asset.

• A relevant risk, compliance, audit, accounting, or insurance designation is considered an asset.

• Proficiency in Microsoft PowerPoint and Excel; experience with Power BI or similar data visualization tools is an asset.

Interested?

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That is why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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 capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.