Associate, Business Risk Management, First Line Supervision

Requisition

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

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

Assist and lead, as required, with the management of Operational Risk inherent in capital markets activities as part of the GBM Business Risk Management Canada (GBM BRM Canada) group within Global Banking & Markets (GBM). The incumbent will monitor, review and report on the management of Operational Risk within GBM. Responsibilities will include ensuring effective Business Risk Managements exist, address issues, as and when they arise and provide general support and oversight (as delegated by Management) in GBM.

• Assist Trading and Sales Management in the oversight and supervision of sales and trading staff, escalating key issues to desk heads, as and when they occur; and reporting, on a monthly basis, metrics and dashboards to Senior Management and Desk Heads;
• Assist Director or Associate Director in drafting or updating Written Supervisory Procedures (“WSPs”) for the supervision responsibilities of the Trading and Sales supervisors, as required by the associated regulations or Bank’s policy.
• Assist Director or Associate Director in implementing, assigning WSPs, monitoring and reporting of WSP reports sign-off status by the supervisors
• Monitoring the position limits imposed by the various exchanges and ensure all the trading positions are maintained within the limits;
• Ensure the GBM Operational Risk Management Framework is upheld and that the associated processes, including generating and reporting key metrics for discussion at Senior Management Operational Risk Committee meetings, reflect the key principles of the Framework;
• Maintain regular communication with GBM stakeholders to determine changes required to processes and controls;
• Assist Director or Associate Director in developing training materials and providing training to trading and sales desks regarding trading and sales controls; and
• Proactively address immediate and ad-hoc trading issues, which may expose GBM to Operational Risk. This would include working with multiple stakeholders to understand the root cause and the required corrective action;
• Assist Director or Associate Director in working with the business lines, technology groups and control and support units to ensure appropriate controls are designed into new processes and/or when changes occur as a result of new business, new or enhancements to existing systems, regulatory pronouncements, etc.;
• Assist Associate Director or Director with the tracking and remediation of Internal Audit findings, Compliance Testing findings, GBM First Line Testing findings and Regulatory findings.
• Support Director or Associate Director in preparing for regulatory reviews and requests. This will include working with Trading Management, Compliance, Legal, Finance, Technology and GRM in determining the adequacy of information to be provided. Review materials to ensure accuracy, integrity and completeness; and
• Support the Director or Associate Director in the development of internal policy, guidelines and procedures to manage Operational Risk within the strategic framework set by the SVP, Head of GBM Business Risk Managements.
• Provide support for the Risk & Control Self-Assessment program through…