Senior Manager, Finance Operational Risk Assurance

About the role

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.

Responsibilities

• Design and execute strategies and testing plans to verify the adequacy of controls over regulatory reporting; validate source documents (transaction testing); ensure compliance with FRB regulatory reporting instructions for Foreign Banking Organizations.
• Design and execute testing plans to verify the adequacy of internal controls over financial reporting.
• Review outstanding issues relating to source validation, reporting and controls, perform analysis to identify themes, determine the root cause of the weakness, and prepare reports to communicate the test findings.
• Resolve issues / negotiate solutions within Finance and other stakeholders.
• Develop, maintain, and facilitate updates of Policy and Procedure documentation.
• Plan and coordinate training program for U.S. Finance - FORA.
• Review reporting on quality assurance and on operational metrics (key performance indicators) for U.S. Finance.
• Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
• Champion a high-performance environment and contribute to an inclusive work environment.
• Liaise with Auditors and Regulators, as required, and assist in the regulatory examination of U.S. Finance by the Regulators.
• Works as U.S. Finance Committee Secretary.
• Manages and facilitates U.S. Finance regulatory exams requests/deliverables to Regulatory Relations by using FEAT tool.
• Leads or assists in special projects, as required by management.
• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Ensure the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to ICOFR certification, operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.

Requirements

• Bachelor’s degree in accounting or finance with good knowledge of technology.
• CPA designation or other relevant professional designations.
• Strong knowledge in regulatory reporting (FFIEC 02, FR Y-15).
• Verifiable progressive experience managing and/or problem solving related to internal controls, implementation of improvements.
• Minimum of 10 years’ experience required designing and implementing complex systems of financial/regulatory reporting/other controls.
• Collaborate effectively with multiple stakeholders across multiple functional areas of the Bank (Front office, Middle Office, Back Office, Credit Risk, Product Controls) to promote a robust control framework environment.
• Experience managing multiple projects with tight deadlines.
• Experience influencing stakeholders.

Qualifications

• Specific knowledge of Federal Reserve regulatory reporting for foreign banking organizations or related organizations.
• Strong understanding of overall banking business and products.

Skills

• Strong understanding of internal controls and COSO framework.
• Strong Microsoft office skills and abilities and demonstrated usage of AI tools.
• Strong understanding of FRB regulatory reporting and compliance policies and procedures.
• Extremely strong interpersonal skills.
• Effective listener and communicator, verbally and in writing.
• Sound organizational abilities with the capacity to be innovative and think creatively.
• Strong analytical skills with the ability to react quickly, under adverse operating conditions.