Senior Manager - Regulatory Risk Governance, Global Finance

Requisition ID: 220152

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

The Senior Manager is a key member of the Bank’s SOX Office, helping ensure that the Bank is in compliance with the requirements of Section 302-404 the Sarbanes-Oxley Act of 2002 with respect to the annual assessment of Internal Control over Financial Reporting (ICOFR) by management.  Reporting to the Director - SOX office, the incumbent will be required to co-ordinate activities between Senior Officers within the Bank’s business lines and corporate functions, the Audit Department, and the External Auditor.  This will require keeping abreast of SEC & PCAOB rules and guidelines /legislative requirements/changes and assisting in analysis of the requirements and the impact on the Bank.  The Senior Manager will also facilitate tracking and reporting of Global Finance issues under the Bank’s Issue Management Standard and ensure appropriate governance, monitoring, resolution and reporting of the overall issue management pillar under Regulatory Compliance Management Framework of the Bank.

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

• Possess a thorough understanding of Internal Control Over Financial Reporting (ICOFR) including how Technology Risk impacts ICOFR.
• Work with Technology partners to ensure technology risks and issues are appropriately incorporated into their quarterly attestation process.
• Perform research on industry best practices relating to Technology risk and Cyber security impact on ICOFR and SOX deficiencies.
• Partner with Stakeholders across the bank on Third Party Risk related activities and the timely receipt of Service Organization report (SOC). Provide subject matter expertise on the enhanced SOC process across the bank as it relates to ICOFR.
• Collaborate with Internal Audit team to ensure SOX testing is conducted on all key areas focus outlined in the SOX Plan.
• Work with Audit professional practice on the results of quality assurance review on SOX evaluation to ensure compliance with the Bank’s SOX methodology and to identify areas for further training or enhancement to methodology;
• Perform risk assessment and annual SOX planning activities covering Technology risks as it relates to ICOFR
• Review the SOX process documentation and Risk and Control Matrices (RCMs) with keen eye to key controls and work with stakeholders to update them;
• Liaise with management in business lines and corporate functions to provide assistance and follow up timely development and action on new controls as required;
• Manage the Deficiency Management process relating to control weaknesses to ensure adequate remedial process is put in place by management based on an analysis of root cause and Process Owner’s understanding of control weakness and remediation required;
• Collate information and draft quarterly and annual report to the SOX Executive Steering Committee;
• Assist in the development/update of SOX methodology training materials and facilitate delivery of SOX methodology training to stakeholders;
• Assist in developing or updating a cost-effective strategy to sustain the Bank’s SOX efforts, including assisting in converging with other governance functions, where appropriate;
• Responsible for the proactive management of all Technology Issues that impact ICOFR, adopting a risk-based approach for identifying thematic issues that need tracking, reporting and escalation as part of issue management and risk mitigation;
• Lead and drive a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
• Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, and the Guidelines for Business Conduct.
• Build a high-performance environment and foster an inclusive work environment.
• Responsible for coordinating work efforts with relevant support groups, Internal Audit, and control/process owners to ensure that Internal Control Over Financial Reporting (ICOFR) are evaluated in accordance with the approach adopted by the Bank. 

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

• University degree
• Professional accounting designation (CPA)
• IT Certification (CISA or CISSP)
• 5 plus years of Audit, SOX or other relevant experience, preferably within Big-4 Professional Accounting firms or financial services industry with particular focus on Technology Risk
• Proficient in risk management and internal control practices, techniques, processes and methodologies
• Ability to develop alternatives and recommend solutions with use of sound judgement
• Ability to assess facts with a high level of professional skepticism in order to identify core issues and root cause(s)
• Ability to recognize and solve problems constructively and on a timely basis
• Excellent interpersonal and communication skills (verbal and written) to work with staff and management at various levels
• Strong analytical skills and proficiency in the use of Excel, Power-Bi or other data analytics / visualization tools
• Proven ability to work in high levels of ambiguity and in a rapidly changing environment

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.

#scotiafinancejobs

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.