Requisition ID: 210188
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Scotiabank is Canada's most international bank, with an international presence unmatched by other Canadian Banks. Our operations include providing a full range of financial products, solutions and advice to retail, small business and commercial customers in Latin America, the Caribbean, Central America, and the Asia Pacific. In addition, our partnerships with associated corporations in China, Curacao, Thailand, and Venezuela provide an entire suite of personal, commercial, wealth management and insurance services to over 24 million customers globally.

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

Purpose

The Manager contributes to the overall success of IB Internal Control ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures.

The Manager supports the Senior Manager, Accounting Control to provide guidance to Country Internal Control teams during the process of the assessment, approval, and reporting loss events to ensure timely, accurate and complete reporting. The incumbent supports and coordinates interdisciplinary working teams to identify divisional systemic issues related to operational risk losses and defines with stakeholder's action plans to reduce or mitigate risks.

What You'll Do:

• Provide subject matter expertise and collaboration to International Banking Segments and Country Internal Control teams regarding Operational Risk Events (ORE) and their alignment with current ORE and SAE Standards.

• Provide support to Country Internal Control teams and assist as a facilitator between the 1Bs and GOR 2nd line in the escalation of any OREs issues to ensure alignment with ORE Standards.

• Support monthly and quarterly activities to facilitate that significant IB Operational Losses are timely reported in the Global Operational Risk quarterly briefing binder, IB briefing notes and monthly IB Core Risk Committee materials by assisting in validating and aligning operational losses between local internal control teams, 2nd line of defense and Fraud Toronto team.

• Support the development of automated operational losses reporting and dashboards.

• Support monthly consolidated reports by country, segment, and for the whole consolidated division compared with assigned Operational Risk Appetite and operational losses trends and escalate any early warnings and/ or breaches.

• Ensure Annual Risk Appetite exercise is executed as per GOR 2nd line methodology. Provide advice to local internal control teams, provide support and meet deadlines.

• Support activities to validate that significant operational losses are reported in their corresponding month where the accounting entry was booked as well that any significant increase on the accounting records is supported by an operational loss event in the Bank's Official Repository Book of Losses (ORMS).

• Assist during Quarterly RDARR Measurement & Monitoring Reports and provide support as a bridge between local internal control teams and GOR 2nd line.

• Provide support to GOR 2nd line in Quarter end activities related to Operational Risk Events.

• Provide support to other risk programs and initiatives as required, to enable oversight and monitoring of key metrics, initiatives, issues management and reporting.

• Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes.

• Remain current on all operational policies and procedures through reviews of the Bank's manuals / policies, as well as country specific processes that are directly related to the programs in-scope.

What You'll Bring:

• 3+ years of experience in finance and/or accounting.

• University degree or equivalent experience.

• The incumbent must have excellent interpersonal, communication and influencing skills in order to build consensus and collaboration with stakeholders.

• Ability to suggest appropriate recommendations to senior/executive management and effectively support those recommendations by applying critical thinking skills and decision making.

• Excellent organizational and time management skills, including ability to work well under pressure and constantly adjust priorities for self and the team.

• Candidate must be Fluent in English and Spanish (written and oral communications)

• Strong knowledge of MS Office (Word, Excel, and PowerPoint).

Work Arrangement:

#LI-Hybrid

Interested?

If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's 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.