Job Information
Scotiabank Director, RCSA and Control Testing, U.S. Internal Control in New York City, New York
Director, RCSA and Control Testing, U.S. Internal Control
Requisition ID: 220958
Salary Range: 180,000.00 - 301,500.00
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.
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!
Purpose
Responsible for development and oversight of implementation of operational risk framework across business and control & support functions (CSF) (as delegated by Management) in GBM US
What You’ll Do
Risk & Control Self-Assessment Process (RCSA):
Oversight of the design, development, implementation, and execution of the RCSA framework, policies and procedures, and overall evaluation of operational risk across all U.S. businesses (Equities, Prime Services, GBP, FICC, and CIB) and CSF.
Work with senior leadership as an effective risk manager, in supporting enhancement plans aimed at evolving the RCSA methodology and developing new strategies to advance the program.
Contribute to the evolution of the operational risk framework by driving consistency in data point gathering, including New Initiative Assessments, Operational Risk Events, Key Risk Indicators, etc., providing subsequent guidance for remediation if deficiencies identified.
First Line Testing:
Provides strategic direction and leads the development of the US First Line Testing program for the periodic testing of key controls to assess their design and operating effectiveness in managing operational risks in the respective US GBM business lines and corporate functions.
Accountable for design and execution of testing of local requirements applicable to the US, assessing and report the adequacy of the design and operating effectiveness of key controls
Reports overall maturity and health of the first line controls to Steering Committees and executive management on a periodic basis, including underlying causes of control breakdowns or instances where controls are inadequate.
Operational Resilience:
Act as a key partner to develop plans to prevent, adapt, respond to, recover, and learn from operational disruptions in collaboration with multiple stakeholders
Evaluate enterprise-wide assessments to tie critical data points to establish a holistic view of SBUS operational risk
Partner in the evolution of the operational risk and resilience framework by driving consistency in data point gathering and providing subsequent guidance for remediation if deficiencies are identified
Other:
Develop and motivate their team by fostering an inclusive work environment and communicating vison, values and business strategy
Identify and address opportunities for improving controls and efficiencies of processes.
Manage and deliver ad-hoc requests and special projects.
What You’ll Bring
University Degree/MBA/CFA/CIA or a minimum of 15 years of experience, preferably in capital markets, and experience working on operational risk processes.
Expert/good working knowledge of internal controls.
Demonstrate significant maturity, credibility and sound judgment in dealing with senior management across business lines, risk management and support groups.
Ability to work independently.
Strong written and verbal communications and inter-personal skills.
Work Arrangement
Dynamic, fast paced office-based environment. The role requires intense focus and time management skills to effectively manage competing priorities.
Occasional travel is required.
Demands can be unpredictable.
Work hours may be long due to tight timeframes and the dynamic environment of capital market activities, and to provide support to other locations.
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): United States : New York : New York City
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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.