Director, Operational Risk Oversight – Control & Support Functions
Requisition ID: 188150
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Purpose of Job:
Leads the second line operational risk team by providing oversight over the Bank’s Control and Assist Functions (CSF). The Director is liable for providing advice and counsel as well as effective challenge to the CSFs’ operational risk management practices by executing all Operational Risk Management Framework tool, complying with the relevant operational risk policies & standards, and ensuring proactive management of the top and emerging risks as identified.
Job Responsibilities:
• Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Leverage strong business knowledge, act as a sure advisor, provide value-added advice and independent effective challenge to the Control and Assist Functions in their operational risk management, utilizing key operational risk management tools such as Risk Control Self Assessments, operational risk scenario analysis, New Initiative Risk Assessment, Operational Risk Events escalation and assessment, issues management, and Key Risk Indicators reporting.
• Develop strong partnership, stay abreast of the business priorities and acts as the main point of contact to Control and Assist Functions first line internal control teams, and relevant business lines.
• Provide change leadership by pro-actively identifying opportunities and drive enhancement to the operational risk oversight practice; Provide insight to assist the enhancement of the Bank’s operational risk management framework tools, methodologies and program
• Collaborate and partner with other second line risk functions to provide value added operational risk oversight and advisory on various operational risk assessments.
• Uphold risk management thought leadership and rigor by providing oversight over Control and Assist Functions New Initiative Risk Assessments as well as facilitating Control and Assist Functions New Initiative Risk Review Committee meetings.
• Drive thematic analysis and root cause problem solving on issues identified through operational risk events, self-assessments, scenario analysis and other reviews/testing including those performed by Audit, Shareholder Auditors, Compliance and Regulators to find significant risks and ensure sound risk mitigations.
• Provide executive reporting for operational risk profiles and represent Global Operational Risks to various risk committees as applicable, providing sound metrics, value-added advice, insight and effective challenge.
• Liaise with other non-financial risks specialist areas as well as second line operational risk teams globally to ensure holistic approach; Stay up to date on all relevant internal, external risk events, and industry development in order to drive awareness and focus on managing top and emerging risks.
• Manage and co-ordinate various regulatory requirements as requested by OSFI/Internal Partners.
• Assist overall Operational Risk Oversight team mandate and deliveries as required; lead team initiative to enhance overall operational risk oversight practice and continue to build up team capabilities; assist to the department and other Bank units as required.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Creates an environment in which the team pursues effective and efficient operations of the 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.
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; informing vison/values/business strategy; and, managing succession and development planning for the team.
Job Requirements:
• University degree in business, finance, economics, engineering or other related fields is required. Master’s degree in business is preferred.
• 5+ years experience in business management, internal control, risk management, compliance, audit or related areas.
• Ability to tie the dots while comprehend the interlinkage between the various Control and Assist Functions and Business Lines.
• Strong influencing skills with a sense of urgency and an ability to maintain attention to detail.
• Excellent social and relationship-building skills working with senior levels of management as well as global teams.
• Excellent communication (verbal and written), presentation and facilitation skills. Strong collaborator and skillful in stakeholder management.
• Strong analytical and problem-solving skills.
• Agile leader with a continuous learning and growth mindset.
• Experienced in team management
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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.
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