Requisition ID: 176578

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Why work for Scotiabank?
Scotiabank is among the largest banks in the world and the most international bank in Canada. We are powered by our 97,000 high-performing teammates who make a real difference across the globe as a leading provider of advice, products, digital experiences, and financial services. Together with our Digital Factories around the world, we are dedicated to helping our 25 million customers become better-off. This is a place where you\xe2\x80\x99ll get to learn and develop your skills, while being recognized for your hard work. At Scotiabank, we\xe2\x80\x99re passionate about bringing our whole selves to work, allowing us to create inclusive work environments for everyone to enjoy. Say hello to a career at Scotiabank!

Global Banking and Markets
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.
Purpose
The incumbent leads and oversees the Corporate Lending Risk Control team in Corporate Credit Services and ensures that processing of loan transactions for our Corporate Customers are processed accurately. The Corporate Lending Risk Control team is an integral part of the control framework for Corporate Credit Services.
The incumbent oversees design of a quality assurance program, as well as monitoring, reviewing, and reporting on the management of Operational Risk within Corporate Credit Services. Responsibilities will include ensuring effective internal controls exist, address issues, as and when they arise and provide general support and oversight (as delegated by Management).
The incumbent is responsible for reviewing the accuracy and integrity of various information including but not limited to data, accounting reconciliation and record keeping aspects of the portfolio.
The incumbent leads a team of 3 employees and ensures that quality of processing of loan transactions for our Corporate Customers are processed according to established procedures.
The incumbent ensures specific individual goals, plans, and initiatives are executed / delivered in support of the team\xe2\x80\x99s business strategies and objectives.
Accountabilities

• 
  Develop and design a quality assurance program for the corporate loan book in Global Banking and Markets.
• Lead the team whose main responsibility is to perform a post-review of set up of new facilities in ACBS and Loan IQ, as well as other types of transactions that are in scope for Corporate Credit Services
• 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.
• Support First Line testing and monitoring of controls.
• Prepare information required for audit and regulatory requests including collating information and providing responses.
• Assist Management with ad-hoc requests and special projects.
• Maintain regular communication with GBM stakeholder to determine changes to processes and controls.
• Lead the development of training materials and providing training to staff.
• Support the team in preparing for regulatory reviews and requests. This will include working with CCS Control Tower and other operations groups, as well as Compliance, Legal, Finance, Technology and GRM in determining the adequacy of information to be provided. Review materials to ensure accuracy, integrity, and completeness.
• Participate in updating and documenting key controls to reflect impact of internal audit findings, regulatory findings, compliance testing results and any other self-identified issues.
• Participate in the design, maintenance, and implementation of Standard Operating Procedures (SOPs).
• Builds a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment, communicating vison/values/business strategy, and managing succession and development planning for the team.

Requirements

• 
  University Undergraduate degree in Finance or business-related studies or equivalent preferred.
• Knowledge and skills with corporate loan product, credit life cycle, and experience in a risk management role
• Experience with ACBS or LoanIQ is an asset
• Strong quantitative and problem-solving skills.
• Good knowledge of internal controls.
• Strong written and verbal communications and inter-personal skills.
• Advanced computer skills, particularly MS Office Suite - Excel, Access, Word, and Power Point etc.
• Strong organizational and communication skills a must.
• Strong collaborating, leadership, and team-building skills.
• Analytical and detail oriented.

Working Conditions

• 
  Work in a standard office-based environment
• Non-standard hours are a common occurrence

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.