Director, Operational and Data Risk Management

Director, Operational and Data Risk Management

Requisition : 245128

Salary Range: .200,00

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

Global Banking and Markets

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

The objective of this position is to ensure that the U.S. operations of The Bank of Nova Scotia have appropriate governance in place to effectively challenge operational and data management and governance activities that align with the Enterprise Framework and meet local supervisory expectations.

• Owning and implementing SBUS’ operational and data risk management framework.
• Effectively challenging the businesses’ operational and data risk management activities and providing senior management with an independent assessment of businesses’ operational and data risk profile; and
• Identifying new and emerging operational risk themes based on internal and external data.

The incumbent, acting as the second line function, will challenge the effectiveness of the design of first line operated controls and monitoring methods, identify control deficiencies, if any, and assist the Office of the U.S. Chief Data Officer and other 1

LOD owners with developing appropriate corrective action plans.

The Director will also be expected to lead the evolution of the operational and data risk framework as part of Scotiabank U.S.’s broader efforts to enhance its risk management capabilities.

• Maintain and enhance SBUS’s operational and data risk management framework, supporting standards and procedures covering identification, measurement, monitoring and management of operational risk. Key parts of the framework include incident reports, Risk Control Self Assessments (RCSAs), operational risk deep dives, scenario analyses, identification and monitoring of Key Risk Indicators (KRIs), and the development and refinement of risk taxonomies.
• Integral member responsible for the execution of day-to-day responsibilities owned by the operational and data risk team including, but not limited, to the following:
• Effective challenge of businesses’ operational and data risk oversight activities including, but not limited to, completed internal operational risk reports, RCSAs, and scenario analyses.
• Partner with the broader U.S. Enterprise Risk team and the Global Operational and Data Risk Team to ensure that U.S. Operational and Data Risk is aligned with global standards and harmonized with other risk disciplines in the U.S.
• Lead efforts (e.g., training, communications) to enhance the profile of operational risk within SBUS and reinforce the company’s broader risk culture.
• Provide support for the timely and accurate escalation of review findings and facilitate analysis for remediation.
• Alignment of Operational and Data Risk activities as applicable.

Education:

• Bachelor’s degree or international equivalent required.
• Advanced degree preferred.

Experience:

• A minimum of 15 years of experience working at a financial institution, with at least 10 years’ experience in Operational Risk Management, or related Compliance,…