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Title posted on CareerBeacon - Manager, Internal Control Operational Risk- International Banking
Posted on November 13, 2024 by Employer details Scotiabank
Job details
Requisition ID: 210188Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Scotiabank is Canada's 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 Manager contributes to the overall success of IB Internal Control ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team's business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies, and procedures. The Manager supports the Senior Manager, Accounting Control to provide guidance to Country Internal Control teams during the process of the assessment, approval, and reporting loss events to ensure timely, accurate and complete reporting. The incumbent supports and coordinates interdisciplinary working teams to identify divisional systemic issues related to operational risk losses and defines with stakeholder's action plans to reduce or mitigate risks. What You'll Do: Provide subject matter expertise and collaboration to International Banking Segments and Country Internal Control teams regarding Operational Risk Events (ORE) and their alignment with current ORE and SAE Standards. Provide support to Country Internal Control teams and assist as a facilitator between the 1Bs and GOR 2nd line in the escalation of any OREs issues to ensure alignment with ORE Standards. Support monthly and quarterly activities to facilitate that significant IB Operational Losses are timely reported in the Global Operational Risk quarterly briefing binder, IB briefing notes and monthly IB Core Risk Committee materials by assisting in validating and aligning operational losses between local internal control teams, 2nd line of defense and Fraud Toronto team. Support the development of automated operational losses reporting and dashboards. Support monthly consolidated reports by country, segment, and for the whole consolidated division compared with assigned Operational Risk Appetite and operational losses trends and escalate any early warnings and/ or breaches. Ensure Annual Risk Appetite exercise is executed as per GOR 2nd line methodology. Provide advice to local internal control teams, provide support and meet deadlines. Support activities to validate that significant operational losses are reported in their corresponding month where the accounting entry was booked as well that any significant increase on the accounting records is supported by an operational loss event in the Bank's Official Repository Book of Losses (ORMS). Assist during Quarterly RDARR Measurement & Monitoring Reports and provide support as a bridge between local internal control teams and GOR 2nd line. Provide support to GOR 2nd line in Quarter end activities related to Operational Risk Events. Provide support to other risk programs and initiatives as required, to enable oversight and monitoring of key metrics, initiatives, issues management and reporting. Promote a risk-aware culture; ensure efficient and effective risk and compliance management practices by adhering to required standards and processes. Remain current on all operational policies and procedures through reviews of the Bank's manuals / policies, as well as country specific processes that are directly related to the programs in-scope. What You'll Bring: 3+ years of experience in fin- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2123783
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