Senior Manager, Internal Control LATAM GBM, International Banking
Ontario 3 days ago
Job Description
Requisition ID:
Join a purpose driven winning team, committed to results, in an inclusive and high:performing culture.
International Banking
Scotiabank is Canadas most international bank, with an international presence unmatched by other Canadian Banks. Our operations include providing a full range of financial products, solutions and advice to retail, small business and commercial customers in Latin America, the Caribbean, Central America, and the Asia Pacific. In addition, our partnerships with associated corporations in China, Curacao, Thailand, and Venezuela provide an entire suite of personal, commercial, wealth management and insurance services to over 24 million customers globally.
Join a purpose:driven winning team, committed to results, in an inclusive and high:performing culture.
Purpose
The Senior Manager, Internal Control GBM and T , International Banking, plays a crucial role in planning, operating, monitoring, and enhancing controls to ensure the success of the first line of defense in managing non:financial risks. This position involves promoting a globally consistent, customer:focused, and performance:oriented culture, ensuring policies and procedures reflect global compliance standards, coordinating regulatory changes, developing and delivering training programs, reporting and escalating material issues, assisting on specific projects, developing trusted relationships with business lines, identifying trends and gaps.
What You'll Do:
: Risk Management and Compliance
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Provide support and subject matter expertise to the GBM and T businesses as it relates to compliance, regulatory, and risk topics
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Helps create risk awareness with the first line of defense on non:financial risks, controls, and supervision procedures
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Review potential findings by internal reviewers (Audit, QA, Compliance Testing etc...) by working with 1A to formulate responses including issues wording, severity, ownership, establish action plans, and due dates
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Manage, track, and facilitate remediation efforts for 1A owned testing and audit action plans
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Assist relevant business units in regulatory examinations and inquiries from regulatory bodies
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Update WSPs as necessary in coordination with compliance groups
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Create and maintain procedures and guidance to operationalize compliance policies, internal processes, and controls for new businesses or changes to businesses
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Act as the escalation point for incidents (e.g., delays in signing off daily P and L, errors, disputes), investigate and remediate as necessary
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Identify and escalate Operational Risk Events (OREs) and Self:Identified Issues (SII) including root cause analysis, required action plans, and follow ups to ensure action plans are implemented
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Provide subject matter expertise in the various risk assessments on behalf of the 1A (e.g., CRCA, Risk Identification, Scenario Analysis and RCSA) and assist remediate action items identified in the process
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Partner with Legal and Compliance to conduct an impact assessment and assisting in project management for changes to existing and proposed new legislation, regulatory announcements, and industry practices
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Stay current and be compliant with internal policies and procedures to ensure the adequacy, adherence to, and effectiveness of day:to:day business controls
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Provide ongoing reporting on and escalation of material issues to management relating to monitoring and testing results, internal audit/regulatory review results
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Assists on specific projects (e.g., special investigations, regulatory initiatives etc...) as well as the application of the Bank's risk appetite and risk culture in day:to:day activities and decisions
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Pro:actively identifies potential violations of regulatory requirements, ethical conduct, internal policies and procedures, in a timely manner and makes recommendation
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