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Requisition ID: 262367 
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Associate Director, Business Risk Management - 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:

Business Risk Management (BRM) is the 1B team responsible for the effective execution of first-line supervision and oversight of the non-financial risks within GBM businesses in Canada. Operating within a hub-and-spoke model, BRM Canada ensures that globally designed controls are effectively implemented and sustained at the regional level, while supporting the continuous enhancement of risk management practices.

The role works closely with Global BRM teams, Sales & Trading management, and control and support functions to ensure effective front-office supervision, compliance with regulatory expectations, and consistent execution of non-financial risk controls. In this role you will contribute to strengthening control effectiveness, enhancing risk transparency, and enabling business growth within a robust risk management framework.

What You'll Do:

• Execute delegated first-line supervision and oversight responsibilities in accordance with regulatory expectations, internal policies, and established control frameworks
• Support the execution of Written Supervisory Procedures (WSPs) to evidence active and ongoing supervision within the business
• Promote a strong supervision culture and adherence to conduct standards across the front office by providing advisory support and developing training and guidance, as appropriate
• Maintain alignment with global control frameworks while ensuring regional applicability and compliance with local regulations and industry best practices
• Maintain a strong understanding of local regulations and industry best practices applicable to assigned GBM businesses
• Partner closely with the business to understand its strategy and proactively identify emerging risks through strategic risk assessments and disciplined deep-dive analysis of key incidents
• Manage and support the resolution of incidents, including operational risk events and vendor-related incidents
• Support the business in identifying and investigating issues, escalating concerns, and implementing corrective actions to address underlying control gaps or weaknesses
• Partner with business stakeholders and GBM control and support functions to ensure robust closure and sustainable remediation of issues identified across all three lines of defence
• Lead and support the execution of global programs designed to assess non-financial risks and evaluate control effectiveness within the business, including Compliance Risk and Control Assessments (CRCAs), Risk and Control Self-Assessments (RCSAs), and Scenario Analysis
• Support the maintenance and updating of Volcker Desk Operating Plans (DOPs), ensuring desk strategies are clearly articulated and documented
• Maintain and enhance regional control libraries for key front-office controls
• Prepare and deliver reporting and analytics on non-financial risk KRIs and KPIs to senior management and relevant committees and governance forums within the business
• Provide support in preparing for regulatory reviews and requests led by GBM&T Compliance, coordinating with stakeholders across the business, GBM&T Compliance, Legal, Finance, Technology, and GRM to deliver relevant, accurate, and comprehensive information in response to regulatory inquiries, legal matters, and confidential requests
• Actively pursue the effective and efficient execution of BRM responsibilities in accordance with ScotiaBond Values and Scotiabank's Code of Conduct, while ensuring the adequacy and effectiveness of day-to-day business controls in meeting non-financial risk obligations
• Foster a high-performance and inclusive work environment
• Perform other duties and projects as assigned from time to time

What You'll Bring:

• At least five years' 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 internal controls
• Understanding of complex and very different business lines in GBM
• Experience in maintaining an in-depth knowledge of operational conditions throughout the applicable Business Lines and the state of regulatory matters, be able to resolve issues of non- compliance and to escalate issues promptly that are deemed to be serious, or have broad impact
• Ability to resolve issues and also recognize the need to involve his/her supervisor/s and/or Subject Matter Experts when required.
• Strong written and verbal communications and inter-personal skills
• Note - This role requires successful completion of the CIRO Supervisor Exam within 6 months of joining

Work Arrangement: 

• This position is an onsite role, with the expectation that you will work a minimum of 4 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.
• 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
• Occasional travel is required

#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.