Managing Director, GTB Business Risk Management

Managing Director, GTB Business Risk Management

Join to apply for the Managing Director, GTB Business Risk Management role at Scotiabank

Requisition : 246783

Salary Range:  -

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.

Provides strategic direction, leadership and oversight for non‑financial risks in Global Banking and Markets ensuring business strategies, plans and initiatives are supported in compliance with governing regulations, internal policies and procedures across all jurisdictions.

• Customer focus: Leads and drives a customer focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Controls oversight: Provides oversight to the implementation of controls, systems and processes in the business line to enable an effective non‑financial risk program.
• Monitoring: Ensures ongoing monitoring of the fulfilment of all internal control responsibilities by the business line, from both a process and systems perspective.
• Business line leadership: Provides oversight and direction to the Business Line leads and those functions executing controls on behalf of the business line.
• Three lines of defense: Ensures the business line programs cover all aspects of the Bank’s 1st line of defense for non‑financial risk in the three lines of defense oversight model.
• All in support of an effective and efficient program to ensure a compliant and prudent business and thus to safeguard the assets and reputation of the Bank.
• Strategic roadmap oversight: Maintains oversight of strategic roadmap for functional initiatives that impact Global Banking and Markets through:
  • Overseeing and managing interdependencies
  • Engaging and directing executive‑level stakeholders to ensure effective execution of strategic initiatives
  • Acting as a check‑and‑balance to the business and advising on the prioritization of competing strategic priorities (e.g., cost transformation vs. customer‑focused investment)
  • Ensuring projects and related outcomes align to compliance requirements and the Bank’s values
• Compliance and AML: Provides direction, guidance and oversight on the implementation of global compliance and AML policies, procedures, and infrastructure within the business line. Ensures the Bank’s procedures and controls related to such policies are:
  • Consistent with best practice and adhered to by the business lines
  • Enabling the identification, assessment and control of appropriate risks across the business line’s clients, products and services, countries and combinations thereof
• Remediation: Identifies and remediates business line internal control program deficiencies in a manner consistent with all‑Bank remediation plans:
  • Developing risk‑based remediation plans
  • Overseeing the implementation of remediation plans and reporting to both Executive Management and the CAMLO
  • Ensuring all legal entities are supported by adequate resources to effectively execute on first‑line controls
• Embeds all elements of the risk appetite statement and risk appetite measures into activities so as to:
  • Embed prudent risk‑taking into the risk culture and day‑to‑day management of risk and ensure alignment between the approved risk appetite, planning and decision‑making
  • Implement controls and processes to effectively identify, monitor and report against allocated risk appetite measures
  • Act in a timely manner to manage, and where necessary mitigate, material risk exposures and promptly elevate breaches to Global Risk Management
• Operational and conduct risk: Creates an environment to pursue effective and efficient operations, ensuring adequate day‑to‑day controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk.
• Builds a high‑performance environment and implements a people strategy that attracts, retains, develops and motivates the team by fostering an inclusive work environment, communicating vision/values/business strategy, and managing succession and development planning.

• Bachelor’s degree in a related discipline
• Law Degree or CPA is an asset
• 15 years of relevant experience at a senior level, preferably in a global financial institution
• Expert knowledge in regulatory compliance, securities & derivatives trading, AML/ATF, sanctions, OSFI guidelines

Location:

Canada – Ontario – Toronto