Scotiabank

Requisition ID: 231354

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

The Global Wealth Management (GWM) Internal Control Senior Manager, IT Risk Initiatives & Monitoring, will lead first-line risk assessments across GWM businesses & Technology teams, including end-to-end execution of the IT Third-Party Risk Management Program and monitor GWM Technology initiatives and operational, regulatory, and compliance risks within GWM.

Is this role right for you? In this role you will:

• Identify, benchmark, and establish best practices, operational efficiencies, and effectiveness in the risk management program of GWM business units and Technology teams in the context of Third-Party Risk Management and business services in alignment with industry and regulatory requirements
• Conduct risk assessments to ensure the adequacy of controls, processes, and protocols to mitigate IT, regulatory and operational risks and risks of financial loss, regulatory fines, penalties or sanctions, litigation and reputational damage to wealth units and identify areas of opportunity to strengthen the control environment and control activities
• Sustain an expert understanding of GWM business units (brokerage, asset management, trust, private banking, mutual fund dealers, Insurance, and International Wealth Management, IWM), including IT, operational processes, regulatory obligations, and risk governance
• Develop and lead on-going and new monitoring and testing programs, including the GWM precious metals program to ensure processes are expertly and effectively performed
• Design control and operational policies, procedures, and frameworks to manage risks of new wealth management Technology initiatives, including new products and service offerings, technology platforms, investment tools, digital offerings, and applications
• Analyze data, alerts and results of monitoring, assessments, and inventories to identify potential gaps, patterns and trends
• Develop and foster relationships with stakeholders/control functions and Technology partners for the purposes of creating an integration risk framework and enhancing GWM Technology effectiveness
• Champion a client-focused culture and leverage broader Bank relationships, systems, and knowledge
• Ensure individual and team goal plans are aligned with the overall strategies and objectives of Global Wealth Management Internal Controls (GWM IC), including Insurance, IWM, and the Bank
• Prepare clear and comprehensive reporting with actionable recommendations and insightful analysis
• Initiate, manage, and deliver projects by working independently or within cross-functional teams and/or Wealth Management businesses with the implementation of monitoring initiatives and/or controls
• Develop proposals and business cases, as required
• Prepare executive and board report materials including analysis and concise written summaries
• Lead / support projects arising from business and technology risk initiatives, identifying management and technology needs, communicate findings, and implement corrective actions
• Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates your team by fostering an inclusive work environment and using a coaching mindset and behaviours
• Communicate vison / values / strategy and managing succession and development planning for the team
• Lead and drive a client focused culture throughout the team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Champion a high-performance environment and contributes to an inclusive and diverse work environment

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• A University degree in Engineering, Computer Science, Business Commerce, Accounting or Finance
• A minimum of 8 years of relevant Wealth and IT industry experience, including working knowledge of Wealth Technology Systems and Applications
• CISA, CPA, CA, CFA, CIM, and/or FRM designation preferred
• Working experience and knowledge of IT Risk and IT Internal Controls
• Prior work experience in IT, Compliance, Audit, Operational Risk, Third Party Risk and with GWM business units (brokerages, asset managers, mutual fund dealers, trust, private banking, insurance and IWM)
• Working knowledge of regulatory bodies including OSFI, OSC, and CIRO
• Knowledge of the roles and responsibilities of Global Wealth business/technology units and support functions crossing all delivery channels, including International Wealth Management
• Effective written and verbal communication skills to prepare reports, deliver presentations and effectively interact with GWM business units and other departments
• Excellent problem solving, negotiating skills and well-developed influencing skills

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.