Senior Manager, Governance Retail, Risk Appetite

Job Responsibility:

Requisition ID: 227295 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The role:

Contributes to the overall success of the Enterprise Risk team by contributing to the development, implementation and maintenance of the Bank's risk appetite and control processes and frameworks, and in alignment with regulatory requirements, organizational strategy, and risk management objectives. This role is expected to have a high degree of analytical and technical knowledge and experience, combined with a strong understanding of retail and small business credit risk policies/processes/lifecycle.

This role belongs, supports and works closely with all the members of the Global Governance team, and interacts frequently with GRM team members, business lines across the Bank's footprint, technical teams, data analytics teams, systems, operations, Audit, Bank regulators, and any other stakeholders as deemed necessary.

What will you do?

• Support global risk appetite activities, including limit monitoring, analysis, setting and, updating of the annual risk limits and breaches
• Support the development, implementation, and maintenance of the Bank's risk appetite framework, ensuring alignment with corporate strategy and regulatory standards
• Understand the applicable regulatory requirements to ensure controls are adequately updated to identify control gaps and non-compliance with regulatory requirements, best practices, and internal policies and procedures
• Understand how the Bank's risk appetite and risk culture are to be considered in day-to-day decisions
• Build and manage relationships with stakeholders across the business and peers
• Champion a high-performance environment and contributes to an inclusive work environment
• Actively pursue effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk
• Collaborate with stakeholders to identify and assess risks across all business units and functions
• Monitor key risk indicators (KRIs) and Early Warning Thresholds (EWT) and ensure timely reporting of deviations from established thresholds and limits, based on defined escalation procedures
• Support risk governance forums by preparing materials and insights for decision-making
• Provide advice and guidance to teams on adhering to the risk appetite framework and implementing controls
• Foster awareness and accountability for risk management across all levels of the Bank's pertaining to risk controls
• Benchmark practices against industry standards and incorporate lessons learned into the risk management processes
• Update process documentation for all risk appetite activities, create process documentation as needed

What do you need to succeed?

• Minimum of 7 years of compliance, controls, operational risk, risk technology, audit or similar areas
• Strong attention to detail
• Ability to communicate well across all levels of an organization
• Solid ability to quickly review, assimilate, prioritize, and escalate issues to appropriate stakeholders
• Strong written and verbal communication skills
• Ability to work independently
• Excellent teamwork, interpersonal and conflict resolution skills
• Strong time management skills, ability to multi-task, while being results oriented and team focused
• Strong sense of curiosity and is driven to seek a comprehensive understanding of a project and all related processes and policies
• Ability to think outside the box, and in a strategic manner that connects processes, policies, systems, and people
• Experience effectively working in a global matrix team, across a range of functions, seniority and geography

What's in it for you?

• We have an inclusive and collaborative working environment that encourages creativity and curiosity and celebrates success
• We provide you with the tools and technology needed to create meaningful customer experiences
• You'll get to work with and learn from diverse industry leaders, who have hailed from top companies around the world
• We hire you for your talent — not just a job — so you can grow with us. We'll equip you for success not only in your role, but also in your career as a whole
• Dress codes don't apply here: being comfortable does
• Access to thousands of online and in-person courses so you can hone your current skills, or learn new ones
• A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision, and dental and much more

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. 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.