Senior Manager, Business Risk Management U.S. GTB

Senior Manager, Business Risk Management U.S. GTB

Requisition ID : 229447

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, Business Risk Management - U.S. Global Transaction Banking

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.

At Scotiabank, we embrace your strengths, ideas, and ambitions. GTB is a fast-growing team with a focus on the Americas, particularly Canada, the U.S., Mexico, and we are seeking top tier talent to complement our organization.

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

Purpose :

Senior Manager, Business Risk, contributes to the overall success of the front office / business controls for U.S. Global Transaction Banking strategies and objectives. Providing supervisory support and devotes time learning subject matter expertise in the products and services offered by Scotiabank U.S. GTB business. Assist to ensure all activities conducted are in compliance with governing regulations, internal policies and procedures.

Provides leadership, guidance and ultimate accountability to ensure business controls are monitored and implemented across U.S. GTB to drive business outcomes. This role will also oversee BAU activities along with projects to provide necessary guidance and expertise to ensure successful delivery. The role provides consultative guidance to business partners and mentorship to junior team members.

Accountabilities :

Leads and drives a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge;

Lead self-identification of control gap activities / potential risks across all products (Deposits, Cash Management & Payments, Commercial Cards, Trade Finance and Working Capital Solutions) and functions for U.S. Global Transaction Banking;

Owner for implementation of control gaps with support from Product Owners and Functions. Require ongoing tracking and monitoring.

Lead governance forums with risk groups, business and internal controls to review overall health of the business;

Support Internal Controls in completing compliance risk assessments (e.g., RCSA, CRCA, Risk ID, Scenario Analysis) and identify processes, risks, controls and corresponding ratings;

Evaluate impact on operational risk management from changes resulting from business expansion into new geographies, new products and services, organic business growth, system changes / new implementation, regulatory requirements;

Participate in the collation of information required by regulators and internal audit to facilitate the latter’s examinations / reviews;

Review regulatory and audit findings and work with business product owners to formulate responses;

Experience in multiple, Cash Management, Global Transaction Banking Businesses (trade finance, term deposits, payments, liquidity management, DDA accounts with multi-currency support, correspondent banking, Spot FX, etc.);

Knowledge in the operational aspects, compliance and business matters for various transactional / payment business lines including payments such as, FED wires, SWIFT, CHIPS, Domestic ACH, International ACH (IAT), Lockbox, and checks;

Understanding of regulatory requirements related to some of the more complex U.S. Cash Management, GBP Deposits and Services, such as 15c3-3;

Understanding of regulatory requirements related to some of the more complex U.S. Treasury services, such as Capital and Liquidity Requirements, Basel III, FRTB, Regulation D and Regulation W;

Point person for front office business on operational / process, risk and compliance issues with the ability to communicate with senior personnel on detailed issues in business;

Drive analyses of operational risk events (losses, gains and near-misses) to ascertain underlying causes and formulate action plans to address process breakdowns;

Assist the business in coordinating and performing timely review of new transactions, products, and / or methods for effectuating transactions;

Monitor adherence to related controls designed to manage risk and compliance; for example, but not limited to, limit breaches, market abuse, fair dealings with clients, auctions and compliance with regulatory requirements;

Collaborate with Compliance and Risk Groups in supervisory reviews (e.g. Regulation D, Regulation W, Liquidity Portfolios Risk Review, etc.) through same-day and T+1 monitoring;

Lead and develop monthly oversight reports, including trend analysis, for delivery to and discussion with the respective head traders / business line heads;

Directs day-to-day activities in a manner consistent with the Bank's risk culture and the relevant risk appetite statement and limits. Communicates the Bank's risk culture and risk appetite statement throughout their teams.

Creates an environment in which his / her team pursues effective and efficient operations of his / her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML / ATF risk and conduct risk, including but not limited to responsibilities under the

Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML / ATF Global Handbook and the Guidelines for Business Conduct.

Education & Experience :

University degree required, MBA preferred

Experience in Finance is an asset

8+ years of experience in Finance or related fields;

In-depth understand of the Bank’s operations and controls, including knowledge of organization and infrastructure

Strong knowledge in Global Transaction Banking (Deposits, Payments (Payables & Receivables), Liquidity Management, Commercial Cards, Trade Finance and Working Capital Solutions)

Strong written and verbal communication skills, ability to guide decision making process and facilitate consensus;

Strong leadership and project management experience

Proven ability to learn and handle multiple priorities in a challenging work environment

Ability to lead people and provide directions to achieve a common goal to drive a business outcome

Ability to identify business problems by looking at underlined processes and operations

Interested?

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.

#GTB

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 () . 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.