Senior Manager, Basel & GRM Regulatory Office

Requisition ID: 219318

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

We are hiring 3 Senior Managers!

The Basel Program Office, Global Risk Management is responsible for coordinating activities relating to compliance with Basel regulatory requirements.

You will be a critical member of the Basel and GRM Regulatory Office (BGRO) team to support initial and ongoing compliance with OSFI's Capital Adequacy Requirements (CAR) Guidelines and the Basel Capital Framework on a Group-wide basis. This includes providing oversight for self-assessment activities, maintaining current knowledge of regulatory expectations and other standards together with emerging industry practices, monitoring progress in relation to achievement of and/or compliance with the CAR Guidelines (including gap closure activities), and coordinating reporting on Basel related activities.

Risk categories in scope include credit risk, counterparty credit risk, market risk, and operational risk. You will be responsible for supporting the identification and definition of the necessary policy, business, process, and system requirements to meet, or ensure ongoing compliance with the requirements of the CAR Guidelines as it relates to the above risks, consistent with industry practices and emerging thought, and providing expert guidance to projects and business groups.

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

• Coordinate ongoing Compliance activities to support the CRO Attestation and confirm that the existing inventory of OSFI AIRB and capital models continue to adhere to all applicable minimum requirements.
• Provide oversight for self-assessment and gap closure process for new capital model applications and material model modification applications, ensuring that projects are executed in accordance with plans, ensuring that key issues are identified and escalated for resolution, interdependencies between projects are identified and agreed, and critical paths identified and tracked.
• Coordinate the compilation of OSFI's quarterly model modification reporting requirements.
• Maintain a current understanding of global regulatory expectations for the Basel Capital Framework, industry practices, the Bank's business and regulatory frameworks including the Basel Framework and related regulatory expectations.
• Identify any required changes to policies, business process, and system requirements for risk management to meet OSFI's CAR Guidelines.
• Provide reporting on BCBS and OSFI capital related issuances, open issues, and planned and ongoing project status updates to the Capital Oversight Steering Committee and Senior Executive Management.
• Liaise with responsible parties to ensure that documentation is developed during the course of any project work to support the closure of gaps between regulatory expectations and current practice.
• Coordinate with Model Development, Validation, and Internal Audit to ensure that documentation is complete and sufficient to meet expectations in supporting an opinion of compliance with the CAR Guidelines requirements.
• Respond to ad hoc enquiries by providing expert guidance to business groups to ensure that the interpretation of policies, standards and processes are consistent relative to the Bank's business and regulatory frameworks including the Basel Framework and related regulatory expectations.

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

• 5+ years experience preferably in risk management or banking, related policy and process teams.
• Solid knowledge of OSFI's CAR Guidelines, risk management policies and procedures.
• Strong analytical and attention to detail skills.
• Excellent communication, interpersonal and relationship-building skills
• As the department's activities are influenced by regulation, legislation and internal Bank policy, the planning aspect of the position is both challenging and critical.
• In all these instances, significant reliance is placed on the incumbent to communicate complex issues effectively and constructively to senior management of business lines.
• Most graduate education in business or a related field; or commensurate work experience
• MBA, CPA, FRM or equivalent designation is an asset.

What's in it for you?

• An inclusive & collaborative working environment that encourages creativity, curiosity, and celebrates success!
• We offer a competitive rewards package: Performance bonus, Employee Share Ownership Program, and Pension Plan Matching, Health Benefits from day one!
• Your career matters! You will have access to career development and progression opportunities.

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. If you require technical assistance, please click here. 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.