Manager, Compliance Risk and Control Assessment

Manager, Compliance Risk and Control Assessment

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.

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries! We work together to drive ambition for every future!

Contributes to the overall success of the Global Banking and Markets & Group Treasury (“GBM&T”) Compliance Department in the U.S. ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives. Ensures all activities conducted follow governing regulations, internal policies, and procedures.

The objective of this position is to support the execution, maintenance and ongoing enhancement of the U.S. Compliance Risk and Control Assessment (“CRCA”) program. The Manager will partner with the CRCA Senior Manager to help administer the annual and quarterly CRCA processes, support adherence to CRCA policies, procedures and governance requirements, and provide guidance to business and corporate function units in completing risk assessments consistent with applicable methodology.

The Manager will support the review and challenge of assessment inputs, rationale documentation, action plan mapping, quality assurance activities, management reporting and related program enhancements. The role requires substantial coordination with Compliance Advisory, Business Units, Corporate Functions, Internal Audit and other stakeholders to promote consistent execution, data quality, timely escalation and sustainable control enhancements across the U.S. Compliance framework.

• Support the execution of the independent second line CRCA process, including annual and quarterly assessment activities, themed reviews and ad-hoc reviews of Business, Corporate Function and Compliance processes.
• Review and challenge risk assessment inputs, documented rationale, control strength considerations and action plan mappings to help ensure assessments are complete, supportable, consistently applied and aligned to CRCA methodology and governance requirements.
• Execute CRCA quality assurance reviews in a timely manner, document results clearly and prepare actionable recommendations to strengthen assessment quality, rationale documentation, data integrity and stakeholder execution.
• Assist in maintaining CRCA policies, procedures, operating guidance, training materials, and related governance documentation to support consistent execution across U.S. Compliance stakeholders.
• Maintain strong relationships with key stakeholders, including Compliance Advisory, Business and Corporate Function units, Internal Audit, other control partners, to support timely input, effective challenge and appropriate escalation throughout the CRCA lifecycle.
• Monitor regulatory, business and control environment developments that may impact Compliance risk assessments, related controls, action plans, monitoring, testing or management reporting.
• Coordinate CRCA deliverables, timelines, stakeholder communications and follow-ups to support timely completion of assessment milestones and related governance reporting.
• Support preparation of annual and periodic CRCA reporting, including qualitative results summaries, key themes,…