Senior Manager, Operational Risk

Requisition ID: 212288 Salary Range: 117,400.00 – 224,700.00 Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience. Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Senior Manager U.S Operational Risk, U.S. Risk Management – New York, NY Global Transaction Banking (GTB) is the payments and transaction engine of Scotiabank. We support Small Business, Commercial and Corporate clients with effective treasury management solutions coupled with a best-in-class service model, making it easy for clients to do business with us. As businesses build their digital capabilities and transform their operating models, their payment needs are evolving too. Boasting a unique global footprint, GTB’s comprehensive suite of innovative banking solutions help our business clients generate operational efficiencies, streamline and simplify payments, improve working capital performance, and mitigate financial risk. Purpose The candidate will be responsible for the ongoing execution of the U.S. Operational Risk Management Framework. The framework encompasses the key components of Enterprise Risk Management, including, but not limited to, Risk and Control Self Assessments ("RCSAs"), Risk identification, Operational Risk Events, Key Risk Indicators ("KRIs"), Non-Financial Risk Management Committee, and ongoing reporting and monitoring. The ideal candidate will have a strong background in RCSA as improving and managing the RCSA program will be a key focus initially. This role will also focus on managing operational risks associated with Mortgage Capital Markets, Cash Management, Fraud and Reputational Risk. The Operational Risk Senior Manager is accountable for management of complex and large disciplinary areas which requires comprehensive understanding of multiple businesses, processes, technology and how they interact. Applies in-depth understanding of business impacts to help manage operational risks. As a member of the second line of defense for Operational Risk in the U.S., the candidate will be responsible for providing strategic leadership and oversight of the bank’s operational risk management framework with special attention to RCSA program and developing risk management for new businesses such as Mortgage Capital Markets, Cash Management. The role involves collaborating with senior management to ensure effective risk management across all business units and corporate and support functions. The incumbent will be responsible for oversight of RCSA execution, support the Key Risk Indicators management, Issues Management, Operational Risk Events, New Initiatives, and providing support and guidance to the first line to manage operational risks. The senior manager will collaborate closely with the team’s Director and Group Operational Risk team to identify and execute areas of improvement to strengthen the 2nd Line Operational Risk coverage. As the function evolves, the scope may expand to include other activities under Data Risk. Dimensions Cross-functional and product understanding of Corporate and Investment Banking and Markets. Extensive experience in executing RCSA, Scenario Analysis and other operational risk activities. Proven leadership and management skills with the ability to influence and collaborate with senior stakeholders. Excellent analytical, problem-solving, and decision-making skills. Strong communication and presentation skills. Able to distill complex concepts into clear, concise, and easily understandable communication for diverse audiences. Ability to work with large amount of data and use technical skills to build visualization and insights, such as PowerBI, Tableau, Excel charts, Pivot tables, SQL etc. Education & Experience A minimum of 10 years’ experience working in an enterprise risk, role at a financial institution. Working knowledge of Capital Markets and current regulatory environment in the Financial Services industry. Expertise in RCSA, Control testing, Key Risk Indicators development and management. A university degree in business, related field, or equivalent experience. Advanced degree preferred. Strong communications, analytical, organizational, and project management skills. Ability to communicate clearly and effectively, both verbal and written with all levels including business units, Corporate Functions, Internal Auditors, management, and regulators. Strong team player who is open to listening, understanding, and collaborating with senior management when introducing new ideas and legislated policy recommendations for action or change. Ability to work independently within minimal supervision. Working Conditions Work in a standard office-based environment; non-standard hours are a common occurrence. The workload is demanding, subject to frequent time pressure with a steady flow of project delivery commitments, both internal and external, which carry specific deadlines. Workload is subject to continual prioritization due to changes of incoming requests from regulators, internal departments. Benefits 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 United States : New York : New York City #J-18808-Ljbffr Scotiabank