Manager, Cyber and IT Risk Management

Requisition ID: 213228

 Salary Range: 79,300.00 - 136,000.00 

Please note that the Salary Range shown is a guideline only. Salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

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

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world. 

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.  

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future! 

Overview
 

Contributes to the overall success of Cyber & IT Risk Management, Global Risk Management (GRM) globally ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives. Ensures all activities are conducted in compliance with governing regulations, internal policies and procedures. Acts as an expert within technical risk assurance and control oversight to ensure the bank achieves its objectives while effectively managing risk. Collaborate with cross-functional teams across the first line of defense to identify, assess, and mitigate emerging risks and vulnerabilities. This role is crucial in fostering a robust risk culture and driving continuous improvement, contributing to the development and implementation of comprehensive risk management policies, standards, and controls. As part of the second line of defense, the Cybersecurity and IT Risk team provides independent oversight and challenge, and assists in developing methodologies, policies, processes, and tools to support the Cyber and IT Risk Management Framework.

What You’ll Do 

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

• Execute 2nd Line Challenge: Conduct comprehensive challenge to identify potential threats and vulnerabilities in the Bank’s processes, systems, and operations. Partner with 1st line of defense to develop risk mitigation strategies across key cyber and IT domains. Challenge IT and cybersecurity risks within scenario analysis and thematic reviews. Conduct cyber risk assessments, metrics, and controls within globally complex, dispersed, and diverse organizations.

• Control Evaluation: Evaluate the design of controls and communicate the impact of control weaknesses to first line teams and control implementers.

• Alignment Evaluation: Evaluate the extent to which the first line of defense is aligned with internal and external control standards, as well as regulatory and audit requirements.

• Framework Knowledge: Be a subject matter expert in one or more industry-standard risk management frameworks (including ISO27001, COBIT, NIST) and have an understanding of cyber risk mitigation strategies.

• Stakeholder Advisory: Advise stakeholders on risk management, controls development, and adherence to mitigate risks.

• Risk Monitoring: Monitor key risk indicators, analyze control metrics, and provide insights on risk management effectiveness to management, driving continuous improvement initiatives. Monitor cybersecurity risks and the controls in place within the bank, as well as external cybersecurity reporting that may impact the bank.

• Reporting: Support monthly and quarterly IT and Cyber Risk report development for various risk committees and senior management.

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.

• Actively pursues 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.

• Champion a high performance environment and contributes to an inclusive work environment.

What You’ll Bring 

• 7+ years of experience in IT Risk Management (e.g. Logical Access, Data Leakage, Disaster Recovery)
• Experience with Cybersecurity Risk Management is preferred
• A minimum of 7 years of experience in technology departments and/or risk management, preferably in a financial institution
• Industry certifications desirable (e.g. CISSP) · Knowledge of relevant regulatory rules (OSFI, FFIEC, NYDFS 500) and frameworks (NIST, COBIT) is preferred
• 5+ years of experience or equivalent expertise in technology risk management, information security, or a related field, with a focus on risk assessment and control evaluation
• Demonstrated expertise in regulatory compliance, risk management frameworks, and industry best practices (e.g., NIST, ISO, FFIEC, GDPR)
• Experience in data security, risk management & controls, security governance, and analytical thinking, with a track record of implementing effective risk mitigation strategies

Interested? 

If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 

At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture. 

What's in it for you?

Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs. 
 

Location(s):  United States : New York : New York City

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.