GWM Senior Manager, Business Risk Management

Title:

GWM Senior Manager, Business Risk Management

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As the GWM Senior Manager, Business Risk Management you will be responsible to lead first-line risk assessments across Global Wealth Management (GWM) businesses and functional units, including end-to-end execution of testing and monitoring related to operational, regulatory, and compliance risks within Global Wealth Management (GWM).

• Identify, benchmark, and establish best practices, operational efficiencies, and effectiveness, in the risk management program of GWM’s business units in the context of complex regulatory environments
• Conduct risk assessments to ensure the adequacy of controls, processes, and protocols to mitigate regulatory and operational risks (including legal, securities, tax) and risks of financial loss, regulatory fines, penalties or sanctions, litigation and reputational damage to wealth units and identify areas of opportunity to strengthen the control environment and control activities
• Sustain an expert understanding of Global Wealth business units (brokerages, asset management, estates and trust, private banking, mutual fund dealers, and International Wealth Management), including operational processes, regulatory obligations, and risk governance
• Design control and operational policies, procedures, and frameworks to manage risks of new wealth management initiatives, including new products and service offerings, technology platforms, investment tools, digital offerings, and applications
• Establish global standards in the core Wealth business units (asset management, brokerages, investment funds, private banking, trusts and pensions) to manage non-financial risks (including operational risk, AML) in multiple jurisdictions, including Canada, Caribbean, Central and Latin America
• Analyze data, alerts and results of monitoring, assessments, and inventories to identify potential gaps, patterns, and trends
• Develop and foster relationships with stakeholders/control functions and business partners for the purposes of creating an integration risk framework and enhancing business line effectiveness
• Champion a client-focused culture and leverage broader Bank relationships, systems, and knowledge
• Ensure individual and team goal plans align with the overall strategies and objectives of Global Wealth Management Internal Controls, GWM, including International Wealth Management, and the Bank
• Lead review/testing engagement activities ensuring testing is expertly and effectively performed
• Prepare clear and comprehensive reporting with actionable recommendations and insightful analysis and commentary
• Lead the sustainment and implementation of on-going and new monitoring programs
• Initiate, manage, and deliver projects by working independently or within cross-functional teams and/or Wealth Management businesses with the implementation of monitoring initiatives and/or controls
• Develop proposals and business cases, as required
• Prepare executive and board report materials including analysis and concise written summaries
• Maintain current knowledge of applicable regulatory requirements and industry developments
• Interpret and assess international wealth business units and local regulations, processes, and controls to provide practical recommendations and advice
• Lead / support projects arising from business risk initiatives, identifying management and compliance needs, communicate findings, and implement corrective actions
• Build a high-performance environment and implement a people strategy that attracts, retains, develops, and motivates your team by fostering an inclusive work environment and using a coaching mindset and behaviors
• Communicate vison / values / strategy and managing succession and development planning for the team
• Lead and drive a client focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems, and knowledge
• Champion a high-performance environment and contribute to an inclusive and diverse work environment