Director Operational Risk Jobs in Toronto, ON (NOW HIRING)

Requisition ID: 263969 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Associate, GBM Business Risk Management Canada First Line Supervision - Toronto, ON

Global Banking and Markets

Global Banking and Markets (GBM) conducts the Bank's wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

Purpose:

Assist and lead, as required, with the management of Operational Risk inherent in capital markets activities as part of the GBM Business Risk Management Canada (GBM BRM Canada) group within Global Banking & Markets (GBM). In this role you will monitor, review and report on the management of Operational Risk within GBM. Responsibilities will include ensuring effective Business Risk Managements exist, address issues, as and when they arise and provide general support and oversight (as delegated by Management) in GBM.

What You'll Do:

• Assist Trading and Sales Management in the oversight and supervision of sales and trading staff, escalating key issues to desk heads, as and when they occur; and reporting, on a monthly basis, metrics and dashboards to Senior Management and Desk Heads
• Assist Director or Associate Director in drafting or updating Written Supervisory Procedures ("WSPs") for the supervision responsibilities of the Trading and Sales supervisors, as required by the associated regulations or Bank's policy
• Assist Director or Associate Director in implementing, assigning WSPs, monitoring and reporting of WSP reports sign-off status by the supervisors
• Monitoring the position limits imposed by the various exchanges and ensure all the trading positions are maintained within the limits
• Ensure the GBM Operational Risk Management Framework is upheld and that the associated processes, including generating and reporting key metrics for discussion at Senior Management Operational Risk Committee meetings, reflect the key principles of the Framework
• Maintain regular communication with GBM stakeholders to determine changes required to processes and controls
• Assist Director or Associate Director in developing training materials and providing training to trading and sales desks regarding trading and sales controls
• Proactively address immediate and ad-hoc trading issues, which may expose GBM to Operational Risk.  This would include working with multiple stakeholders to understand the root cause and the required corrective action
• Assist Director or Associate Director in working with the business lines, technology groups and control and support units to ensure appropriate controls are designed into new processes and/or when changes occur as a result of new business, new or enhancements to existing systems, regulatory pronouncements, etc.
• Assist Associate Director or Director with the tracking and remediation of Internal Audit findings, Compliance Testing findings, GBM First Line Testing findings and Regulatory findings
• Support Director or Associate Director in preparing for regulatory reviews and requests.  This will include working with Trading Management, Compliance, Legal, Finance, Technology and GRM in determining the adequacy of information to be provided.  Review materials to ensure accuracy, integrity and completeness
• Support the Director or Associate Director in the development of internal policy, guidelines and procedures to manage Operational Risk within the strategic framework set by the SVP, Head of GBM Business Risk Managements
• Provide support for the Risk & Control Self-Assessment program through implementation of the scope review of the business units & processes within GBM
• Assist Director or Associate Director in updating and documenting key controls recorded in eRCM (Enterprise Regulatory Compliance Management) system

What You'll Bring:

• 2-4 years of experience in a risk management role
• In-depth knowledge of capital markets business, financial instruments and OTC derivatives
• Strong quantitative and problem-solving skills
• Good knowledge of Business Risk Management
• Strong written and verbal communications and interpersonal skills
• Completion of CSC, IDSC, CPH, CFA/FRM would be an asset
• Completion of the Canadian Investment Regulatory Exam (CIRE), Institutional Securities Exam (ISE) and Dealer Member Training in the first year is required for this role

Work Arrangement: 

• This position is an onsite role, with the expectation that you will work 5 days a week in the office. Please note that this is subject to change based on the needs of the business. 
• The role operates in a standard trading floor environment which is often times very loud and requires intense focus to effectively manage trading and operational risk
• Occasional travel is required
• In-office work hours may be long due to tight timeframes and the dynamic environment of capital market activities, and to provide support to other locations

#LI-Onsite #GBM 

Interested?

At Scotiabank, you'll be joining an organization that values inclusion, accountability, innovative thinking and collaboration, a culture where people feel safe to learn, grow, and contribute while delivering exceptional results for our clients. We believe in winning together, as one team, strengthening the collaborative spirit that defines GBM's client partnerships. We value transparency, shared goals, and purposeful work.  

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.