Job Description

Requisition ID: 218625



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



The Senior Manager, Risk Modernization & Strategic Support is accountable for driving the Continuous Change Cycle within IB Commercial Banking Credit Risk and ensuring the successful delivery of a large-scale transformation initiative across IB Commercial Banking GRM. This role is critical to enhancing risk management practices, strengthening governance and controls, improving operational efficiency, and advancing Global Risk Management's (GRM) strategic objectives.



The incumbent also leads the implementation of technological initiatives within IB Commercial Banking to optimize business unit efficiency.

Responsibilities include ensuring all activities are carried out in full compliance with applicable regulations, internal policies, and procedures.

Is this role right for you? In this role, you will:

Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Completes Business Cases to obtain funding for different initiatives in line with Bank's methodologies and processes. Compiles and documents business requirements while serving as a key liaison between Technology and Business stakeholders to ensure alignment and effective communication. Obtains sign off on business requirements and prepares submission of validation packages for QA and Internal Audit, etc. Supports project planning and execution activities (e.g. manages working group committees) for each Transformation Initiatives for IB Commercial Banking. Communicates and prepares project status, etc. (including SteerCo materials) for each Transformation Initiative for Credit Portfolio Management and adheres to Transformation Office governance practices with support from Transformation Office PM. Proactively identifies opportunities to enhance operational efficiency within IB Commercial Banking Risk, and then designs and implements sustainable solutions by leveraging analytics, process reengineering, technology, and industry best practices. Executes the implementation of the New Operating Model for IB Commercial Banking Risk, and the Global GRM Transformation Journey, fulfilling the strategic goals of the Transformation Program. Specifically, Executes outcomes from the external independent review (to strengthen 2nd line oversight), and the GRM Transformation Program. Supports the appropriate stakeholders to ensure the maintenance of governance items, such as, but not limited to;
Roles and Responsibilities for Commercial Banking Risk teams Segment specific Policies and Process reviews KPIs for Commercial Banking Risk teams and Risk Appetite Metrics for the segment. Service Level Agreements Segmentation policy and management Communicates and coordinates between IB Commercial Banking Risk stakeholders to bridge silos and enable alignment across teams throughout all stages of development and execution. Supports the implementation of technology to support the modernization of commercial credit risk management. This could include implementing new tools and systems to improve efficiency and accuracy in credit risk assessment. Tracks and manages the strategic initiatives within IB Commercial Banking Risk supporting the communication of the strategy and results. Engages relevant groups (e.g., within GRM, Finance, HR, Executive Support), as determined by implications of the change being introduced by transformation initiatives. Maintains Policy, Systems, and Processes up to date and in line with industry's best practices and technological advanced and Regulatory requirements. Ensure effective and efficient operations of their 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.

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

Post graduate or graduate education in business and/or related fields Ability to implement strategies, roadmaps, project plans, and business cases Analytical negotiation, and problem-solving skills and sound judgment Superior risk assessment and analytical skills Superior analytics and financial analysis skills Experience in credit risk management, portfolio management, or corporate banking or knowledge of credit assessments, financial projections and familiarity with credit documentation. Strong understanding of Commercial Banking processes, products and services, including a working knowledge of the systems, routines and operating procedures. Understanding of AML, Higher Risk Client and KYC requirements Good understanding of commercial management systems Superior communication skills, both written and verbal Ability to manage multiple priorities in a fast-paced environment Fluency in Spanish is an asset

What's in it for you?

We have an inclusive and collaborative work environment that values curiosity & ownership, encourages pragmatic creativity (i.e. true innovation), and celebrates success! An inclusive working environment that encourages creativity, curiosity, and celebrates success! A rewarding career path with diverse opportunities for professional development Internal training to support your growth and enhance your skills A competitive rewards package that includes a base salary, a performance bonus, company matching programs on pension and profit sharing, paid vacation, personal & sick days, medical, vision and dental benefits that start from day one and much more!


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.