Senior Manager, Finance Operational Risk Assurance

Title:

Senior Manager, Finance Operational Risk Assurance

Requisition

Purpose

Provides overall success of the Finance Department in United States of America ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted comply with governing regulations, internal policies and procedures.

The role has responsibility for implementing and maintaining the quality assurance program for U.S. Finance, for establishing internal control standards, manage various types of engagements and for implementing change management.

In addition, this role is also responsible for the development and maintenance of policies and procedures to improve internal controls. The role owns and helps direct the issue management process. The incumbent will be responsible for reviewing outstanding control and reporting issues, performing analysis to identify themes, determining the root cause of the operational weakness, and preparing dashboards and reports to communicate the current state of internal controls and the operational performance of U.S. Finance.

The role will champion the use of AI and embed AI usage in processes to enhance efficiency.

This role will have interactions with a broad range of professionals at various levels in U.S. Finance and with other key stakeholders such as operations, product control, audit, business lines and will be expected to influence and educate them on strong internal controls and enhancing existing processes based on review results.

• Responsible for design and execution of strategies and testing plans to verify the adequacy of controls over regulatory reporting
  ; validation to source documents (transaction testing); and ensuring compliance with FRB regulatory reporting instructions for Foreign Banking Organizations.
• Responsible for design and execution testing plans to verify the adequacy of internal controls over financial reporting
  .
• Responsible for reviewing outstanding issues relating to source validation, reporting and controls, performing analysis to identify themes, determining the root cause of the weakness and preparing reports to communicate the test findings. Resolve issues / negotiate solutions within Finance and other stakeholders.
• Develops, maintains, and facilitates updates of Policy and Procedure documentation. Plans and coordinates training program for U.S. Finance - FORA.
• Reviews reporting on quality assurance and on operational metrics (key performance indicators) for U.S. Finance.
• Actively pursues 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.
• Champions a high‑performance environment and contributes to an inclusive work environment.
• Liaisons 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.
• Provides administrative support for Teammate+ tool for FORA team, collects user feedback and when needed, works with Teammate Support to resolve issues arising from daily use.
• 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.
• Champions 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.
• Actively 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 ICOFR certification, operational risk, regulatory compliance risk, AML/ATF risk and conduct risk.

• Bachelor’s degree in accounting or finance with good…